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4w ago

eBay Shares Jump 18% on Q2 Beat and Robust Guidance

Analysts have raised targets after eBay highlighted gains in focus categories driven by AI tools that help it navigate U.S. tariff shifts.

The eBay logo is pictured on a screen in this photo illustration in New York, U.S., July 23, 2019. REUTERS/Brendan McDermid/Illustration
Renewed interest in Pokemon and sports cards have helped boost eBay's historically-strong collectibles business.
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Overview

  • For the quarter ended June 30, eBay posted revenue of $2.73 billion and adjusted earnings per share of $1.37, exceeding analysts’ projections.
  • The company forecast third-quarter revenue of $2.69 billion to $2.74 billion, surpassing Wall Street estimates and reinforcing its growth outlook.
  • Shares climbed 18.3% to close at $91.75 on Thursday, capping a rebound that followed the earnings report and propelling the stock toward an intraday high of $92.30.
  • Growth in focus categories such as collectibles, trading cards and luxury goods delivered double-digit increases in gross merchandise volume, underpinning the marketplace’s momentum.
  • eBay credited its AI-driven listing and shopping assistant tools and strategic inventory moves around de minimis policy changes for bolstering resilience and customer engagement.