Core Insights - EBay's guidance for the holiday shopping season was weaker than expected, leading to a drop in shares [1] - The company reported better-than-expected profit, sales, and gross merchandise volume (GMV) in Q3 [1] - Analysts expressed concerns regarding the company's GMV outlook for Q4 [2] Group 1 - EBay's fourth-quarter adjusted earnings per share (EPS) guidance is between $1.17 and $1.22, while revenue is expected to be between $2.53 billion and $2.59 billion, which is below analyst expectations of $1.21 and $2.58 billion [1] - In Q3, adjusted EPS was $1.19, revenue increased by 3% year-over-year to $2.58 billion, and GMV rose by 2% to $18.31 billion, all exceeding forecasts [1] - Jefferies analysts noted that failing to deliver a meaningful acceleration in Q4 GMV could raise questions about the sustainability of growth [2] Group 2 - Deutsche Bank analysts indicated that the tepid GMV growth outlook is shaking confidence in eBay's growth prospects [2] - Despite an 8% drop in shares, eBay's stock has increased by about one-third in value this year [2]

eBay Inc. (EBAY) reported third-quarter 2024 non-GAAP earnings of $1.19 per share, which beat the Zacks Consensus Estimate by 0.85%. The bottom line increased 16% year over year.Net revenues of $2.57 billion surpassed the Zacks Consensus Estimate by 1.09%. The figure increased 3% from the year-ago quarter on a reported basis and on an FX-neutral basis.Find the latest EPS estimates and surprises on Zacks Earnings Calendar.Strengthening momentum across Focus Categories of EBAY and geo-specific investments was ...

ebay Q3'24 Business & Financial Highlights October 30, 2024 Disclosures This presentation contains non-GAAP measures relating to our performance. You can find the reconciliation of these measures, except for FX-Neutral basis, to the nearest com GAAP measures in the appendix at the end of this presentation. All growth rates represent year-over-year comparisons, except as otherwise noted. For numbers in this present provided on an "FX-Neutral" basis, we calculate the year-over-vear impact of foreign currency ...

Core Insights - eBay reported revenue of $2.58 billion for the quarter ended September 2024, reflecting a 3% increase year-over-year and a surprise of +1.09% over the Zacks Consensus Estimate of $2.55 billion [1] - Earnings per share (EPS) for the quarter was $1.19, up from $1.03 in the same quarter last year, with an EPS surprise of +0.85% compared to the consensus estimate of $1.18 [1] Financial Performance Metrics - Gross merchandise volume (GMV) reached $18.31 billion, exceeding the six-analyst average estimate of $18.14 billion [3] - International GMV was $9.57 billion, surpassing the average estimate of $9.33 billion from five analysts [3] - US GMV stood at $8.74 billion, slightly above the average estimate of $8.72 billion from five analysts [3] - Active buyers totaled 133 million, compared to the average estimate of 132.36 million based on five analysts [3] Stock Performance - eBay's shares have declined by -4.7% over the past month, while the Zacks S&P 500 composite has increased by +1.8% [4] - The stock currently holds a Zacks Rank 3 (Hold), indicating expected performance in line with the broader market in the near term [4]

Financial Data and Key Metrics Changes - Gross merchandise volume (GMV) grew by over 1% to $18.3 billion, marking the second consecutive quarter of positive GMV growth [7][46] - Revenue increased by more than 3% to $2.58 billion [7][46] - Non-GAAP operating income grew by 6% to $700 million, and non-GAAP earnings per share rose by 16% to $1.19 [7][46] - The take rate was 14.1%, reflecting nearly 20 basis points year-over-year growth [54] Business Line Data and Key Metrics Changes - Focus category GMV grew by nearly 5%, significantly outpacing the remainder of the marketplace [8][49] - Collectibles experienced double-digit GMV growth, driven by sports trading cards and collectible card games [9][88] - Fashion remains a critical entry point, with nearly one in five new sellers and buyers coming through this category [13] Market Data and Key Metrics Changes - US GMV grew by nearly 1%, with improved trends in organic traffic and focused categories [50] - International GMV grew by nearly 2% on an FX-neutral basis, with cross-border trade contributing significantly [51] - The UK and Germany faced challenging macroeconomic conditions, but there was strength in parts and accessories and improved trends in C2C volume [51] Company Strategy and Development Direction - The company is focused on geo-specific investments and enhancing the consumer-to-consumer (C2C) experience to unlock a larger total addressable market [15][19] - The strategic focus on C2C is expected to stimulate incremental GMV, as C2C sellers typically bring unique inventory and are less price sensitive [16][31] - The company is leveraging artificial intelligence to enhance selling and buying experiences, with significant improvements in listing processes [31][34] Management's Comments on Operating Environment and Future Outlook - Management noted a dynamic macro and consumer spending environment, influenced by political news and events [48] - The outlook for Q4 anticipates GMV between $18.9 billion and $19.3 billion, with potential challenges from economic headwinds and a shorter holiday shopping period [62][66] - Management expressed confidence in the strategic initiatives driving growth, particularly in focused categories and C2C investments [43][72] Other Important Information - The company returned $881 million to shareholders through share repurchases and dividends [46][59] - eBay for Charity raised over $49 million in Q3, reflecting the community's generosity [42] Q&A Session Summary Question: E-commerce initiatives and monetization efforts - Management emphasized the strength of their position and the positive GMV growth, with confidence in the UK C2C initiative and its phased introduction [75][77] Question: Impact of AI on volume growth - Management reported that over 10 million sellers have utilized new AI tools, generating several billion dollars in cumulative GMV [82][83] Question: Focus categories and growth potential - Management confirmed ongoing strength in focused categories, particularly in collectibles and parts and accessories, with plans for continued investment [88][90] Question: Q4 one-off factors and guidance - Management acknowledged several one-time factors affecting Q4 guidance, including the US elections and a shorter holiday season, but expressed optimism about the overall momentum [110]

Group 1 - eBay reported quarterly earnings of $1.19 per share, exceeding the Zacks Consensus Estimate of $1.18 per share, and up from $1.03 per share a year ago, representing an earnings surprise of 0.85% [1] - The company achieved revenues of $2.58 billion for the quarter ended September 2024, surpassing the Zacks Consensus Estimate by 1.09%, compared to $2.5 billion in the same quarter last year [2] - eBay has consistently surpassed consensus EPS estimates over the last four quarters, indicating strong performance [2] Group 2 - eBay shares have increased approximately 43.9% since the beginning of the year, outperforming the S&P 500's gain of 22.3% [3] - The company's future stock performance will largely depend on management's commentary during the earnings call and the sustainability of earnings expectations [3][4] - The current consensus EPS estimate for the upcoming quarter is $1.23 on revenues of $2.65 billion, and for the current fiscal year, it is $4.84 on revenues of $10.33 billion [7] Group 3 - The Internet - Commerce industry, to which eBay belongs, is currently ranked in the top 27% of over 250 Zacks industries, suggesting a favorable outlook for the sector [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked by investors [5] - The current estimate revisions trend for eBay is mixed, resulting in a Zacks Rank 3 (Hold), indicating expected performance in line with the market [6]

Shares of eBay slumped about 9% in extended trading on Wednesday after the online marketplace posted its third-quarter earnings and gave guidance for the fourth quarter that fell short of Wall Street's expectations. Here's how the company did: Earnings: $1.19 per share vs. $1.18 per share expected by LSEG Revenue: $2.58 billion vs. $2.55 billion expected by LSEG For the current quarter, eBay predicted revenue to between $2.53 billion and $2.59 billion, which would represent a 1% decline to a 1% increase yea ...

Exhibit 99.1 eBay Inc. Reports Third Quarter 2024 Results • Revenue of $2.6 billion, up 3% on an as-reported and FX-Neutral basis • Gross Merchandise Volume of $18.3 billion, up 2% on an as-reported basis and up 1% on an FX-Neutral basis • GAAP and Non-GAAP earnings per diluted share of $1.29 and $1.19, respectively • GAAP and Non-GAAP operating margins of 23.1% and 27.2%, respectively • Returned $881 million to stockholders in Q3, including $750 million of share repurchases and $131 million paid in cash di ...

Revenue of $2.6 billion, up 3% on an as-reported and FX-Neutral basis Gross Merchandise Volume of $18.3 billion, up 2% on an as-reported basis and up 1% on an FX-Neutral basis GAAP and Non-GAAP earnings per diluted share of $1.29 and $1.19, respectively GAAP and Non-GAAP operating margins of 23.1% and 27.2%, respectively Returned $881 million to stockholders in Q3, including $750 million of share repurchases and $131 million paid in cash dividends SAN JOSE, Calif., Oct. 30, 2024 /PRNewswire/ -- eBay Inc. (N ...

Looking for a stock that has been consistently beating earnings estimates and might be well positioned to keep the streak alive in its next quarterly report? EBay (EBAY) , which belongs to the Zacks Internet - Commerce industry, could be a great candidate to consider. This e-commerce company has an established record of topping earnings estimates, especially when looking at the previous two reports. The company boasts an average surprise for the past two quarters of 4.30%. For the last reported quarter, eBa ...