eBay Beats Q2, Guides Q3 Revenue Above Street on High-Value Category Push
EBAY sits 45% above its 52-week low of $78.03.
Summary
eBay delivered a strong Q2 with revenue of $3.10 billion, up 15% year-over-year and beating the $3.02 billion consensus. Adjusted EPS also topped estimates. The company guided Q3 revenue to $3.07-$3.12 billion, well above the $2.97 billion analyst forecast, driven by growth in luxury goods, collectibles, and refurbished products. The $1.4 billion Depop acquisition is contributing, expanding reach among younger buyers. This is the first earnings report since eBay rejected GameStop's $56 billion unsolicited bid, and the strong results and guidance reinforce the board's standalone strategy. Shares rose 1% after hours, adding to a 25% year-to-date gain.
At the time of this announcement, EBAY was trading at $113.50 on NASDAQ in the Trade & Services sector, with a market capitalization of approximately $49.4B. The 52-week trading range was $78.03 to $119.31. This news item was assessed with positive market sentiment and an importance score of 9 out of 10. Source: Binance News.