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eBay Reports Strong Q2, Raises Q3 Revenue Forecast

Robust demand for collector’s items through AI personalization propelled results above projections

The eBay logo is pictured on a screen in this photo illustration in New York, U.S., July 23, 2019. REUTERS/Brendan McDermid/Illustration
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Overview

  • eBay posted second-quarter revenue of $2.73 billion, exceeding analysts’ estimate of $2.64 billion.
  • Adjusted earnings per share reached $1.37, topping the consensus forecast of $1.30.
  • Gross merchandise volume grew 6 percent year over year to $19.5 billion, reflecting healthy marketplace activity.
  • Shares jumped nearly 10 percent in extended trading after eBay set third-quarter revenue guidance of $2.69 billion to $2.74 billion above the $2.66 billion consensus.
  • The company expanded focus on U.S. pre-owned apparel and deployed AI tools such as its “magical listing tool” to sustain engagement.