As eBay looks to reach Generation Z and millennials, the online marketplace is turning to pay-by-bank to meet younger customers’ eCommerce expectations.On a call with analysts Wednesday (July 31) discussing the company’s second-quarter earnings results, CEO Jamie Iannone said the company’s integration of Venmo payments has yielded positive results.“Venmo’s mobile-first checkout experiences and strong adoption among Gen Z and millennial audiences are particularly appealing as we continue to broaden our reach ...

eBay Inc. (EBAY) reported second-quarter 2024 non-GAAP earnings of $1.18 per share, which beat the Zacks Consensus Estimate by 4.4%. The bottom line increased 15% year over year.Net revenues of $2.57 billion surpassed the Zacks Consensus Estimate by 1.7%. The figure increased 1% from the year-ago quarter on a reported basis and 2% on an FX-neutral basis.Strengthening momentum across advertising offerings of EBAY was a tailwind.eBay’s first-party advertising products generated revenues of $384 million, up 12 ...

bennymarty/iStock Editorial via Getty Images Among legacy technology companies, one of the most recognizable former tech giants that has continued to drag its feet on seeking relevance in the modern world is eBay (NASDAQ:EBAY). The one-time auction powerhouse has attempted a number of initiatives to bolster its recovery, including focusing on several "focus categories" like collectibles and auto parts while also building up an advertising business to squeeze more revenue from its sellers who wished to m ...

Financial Data and Key Metrics - Gross merchandise volume (GMV) grew 1% to $18.4 billion in Q2 [6] - Revenue increased 2% to $2.57 billion [6] - Non-GAAP operating margin rose by 1.0% to 27.9% [6] - Non-GAAP earnings per share rose by approximately 15% to $1.18 [7] - The company returned $1.1 billion to shareholders through repurchases and dividends during the quarter [7] Business Line Performance - Focus category GMV grew by over 4% in Q2, outpacing the remainder of the marketplace by approximately 5 points [7] - Motors Parts & Accessories (P&A) and collectibles were the largest contributors to GMV growth among focus categories [7] - eBay refurbished was the fastest-growing focus category year-over-year [9] - Luxury focus categories delivered positive year-over-year GMV growth for the sixth straight quarter [10] Market Performance - U.S. GMV grew by nearly 1 point in Q2, with collectibles being a key contributor [31] - International GMV grew by over 1% on an FX-neutral basis, with cross-border trade being a key driver [32] - Germany sustained positive year-over-year growth in C2C volume, supporting B2C business [13] - Japan saw accelerated volume growth after the opening of the authentication center [33] Strategic Direction and Industry Competition - The company is focusing on integrating Goldin and expanding its relationship with PSA to enhance the collectibles experience [8] - eBay is investing in generative AI and machine learning to simplify selling and buying experiences [15] - The company launched a complete redesign of its advertising platform to make it simpler for sellers to manage campaigns [20] - eBay is expanding its payments platform, including the launch of Venmo as a payment option in the U.S. [23] Management Commentary on Operating Environment and Future Outlook - Management highlighted continued macroeconomic headwinds, geopolitical uncertainty, and an evolving regulatory landscape [7] - The company expects FX-neutral GMV growth between flat and up 2% year-over-year in Q4 [42] - Non-GAAP operating margin expansion is expected to be between 60 to 100 basis points for the full year [43] - The company is raising its share repurchase target for the year to at least $2.5 billion [44] Other Important Information - eBay authenticated its 10th million item since the inception of the Authenticity Guarantee Program in 2024 [10] - The company launched a sustainability collaboration with Seagate to reduce e-waste [9] - eBay for charity raised more than $47 million last quarter, up 22% year-over-year [26] Q&A Session Summary Question: Advertising Growth and Campaign Adoption [47] - The company is seeing positive momentum in advertising, with new features like trend-based suggestions driven by AI [48] - First-party advertising grew over 12% in Q2, and the company expects modest take rate expansion in the second half [50] Question: AI Features and Friction Points [51] - The company is leveraging AI to simplify listing processes and improve product imagery, with high customer satisfaction (CSAT) scores [52][53] - New AI-powered features like Shop the Look and Explore are being tested and show promising engagement metrics [53] Question: Advertising Growth Long-Term [55] - The company sees a long runway for advertising growth, with a line of sight to 3% penetration and potential for further expansion [56] Question: International Performance and AI Impact [60] - International GMV grew over 1% on an FX-neutral basis, with cross-border trade being a key driver [62] - AI features are driving high CSAT scores and improving GMV growth, particularly in C2C markets like Germany [63][64] Question: Investment Cycle and Future Growth [66] - The company is focused on long-term sustainable growth and will continue to invest in focus categories, geospecific initiatives, and horizontal innovations [67][68] Question: Active Buyers and Enthusiast Buyers [74] - Active buyer count was fractionally positive year-over-year for the first time since early 2021, with enthusiast buyers remaining stable at 16 million [75][76] - Enthusiast buyers, who drive 70% of GMV, are showing strong cross-category shopping behavior, benefiting both focus and core categories [77][79] Question: Consumer Health and Q3 GMV Guidance [81] - The company noted a shift in consumer spend towards value-driven purchases, with used and refurbished goods outperforming new goods [82] - Q3 GMV guidance reflects an uneven macro environment, with some one-off impacts like summer travel demand and global sports events [84] Question: Collectibles and Trading Card Market [88] - The company is driving innovation in the collectibles market, with the integration of Goldin and partnerships with PSA simplifying the grading and selling process [89][90] - eBay Live events grew 50% quarter-over-quarter, with new features like Buy Spot enhancing the collectibles experience [91]

ebav 02'24 Business & Financial Highlights July 31, 2024 1 | Business & Financial Highlights Q2'24 | © 2024 eBay. All rights reserved. Disclosures This presentation contains non-GAAP measures nelating to our performance. You can find the reconciliation of these measures, except for FX-Neutral basis, to the nearest comp in the appendix at the end of this presentation. All growth rates represent lear-over-year comparisons, except as otherwise noted. For numbers in this presentation provided we calculate the y ...

Exhibit 99.1 eBay Inc. Reports Second Quarter 2024 Results San Jose, California, July 31, 2024 – eBay Inc. (Nasdaq: EBAY), a global commerce leader that connects millions of buyers and sellers around the world, today reported financial results for its second quarter ended June 30, 2024. "eBay's strong Q2 results mark another step toward achieving sustainable, long-term growth," said Jamie Iannone, Chief Executive Officer at eBay. "The continued momentum in Focus Categories contributed to our increase in GMV ...

Revenue of $2.6 billion, up 1% on an as-reported basis and up 2% on an FX-Neutral basis Gross Merchandise Volume of $18.4 billion, up 1% on an as-reported and FX-Neutral basisGAAP and Non-GAAP earnings per diluted share of $0.45 and $1.18, respectivelyGAAP and Non-GAAP operating margin of 21.3% and 27.9%, respectivelyReturned $1.1 billion to stockholders in Q2, including $1.0 billion of share repurchases and $135 million paid in cash dividendsSAN JOSE, Calif., July 31, 2024 /PRNewswire/ -- eBay Inc. (Nasdaq ...

eBay Inc. EBAY will release its second quarter financial results, after the closing bell on Wednesday, July 31.Analysts expect the San Jose, California-based company to report quarterly earnings at $1.13 per share, up from $1.03 per share in the year-ago period. Starbucks expects to post revenue of $2.53 billion, compared to $2.51 billion a year ago, according to data from Benzinga Pro.On May 1, eBay posted better-than-expected first-quarter results.eBay shares gained 1.5% to close at $55.40 on Tuesday.Benz ...

A general view of the eBay logo is being seen during the Chinajoy games fair in Shanghai, China, on ... [+] July 26, 2024. (Photo by Ying Tang/NurPhoto via Getty Images)NurPhoto via Getty ImageseBay (NASDAQ: EBAY) stock gained 26% YTD as compared to a 13% rise in the S&P500 index. Notably, eBay’s peer Amazon (NASDAQ: AMZN) is up 20% YTD. Overall, eBay is scheduled to report its fiscal Q2 2024 results on Wednesday, July 31. We expect the stock to top the consensus estimates of revenues and earnings. The comp ...

Wall Street analysts expect eBay (EBAY) to post quarterly earnings of $1.13 per share in its upcoming report, which indicates a year-over-year increase of 9.7%. Revenues are expected to be $2.53 billion, down 0.5% from the year-ago quarter.Over the last 30 days, there has been an upward revision of 0.6% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timeframe.Befo ...