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.