eBay Inc. Reports Second Quarter 2025 Results

Core Viewpoint - eBay Inc. reported strong financial results for Q2 2025, exceeding expectations and demonstrating strategic execution and marketplace resilience, with a focus on long-term growth and shareholder value [2][4]. Financial Highlights - Net revenues for Q2 2025 were $2.73 billion, a 6% increase from $2.57 billion in Q2 2024 [4][5]. - GAAP net income from continuing operations was $369 million, or $0.79 per diluted share, compared to $226 million, or $0.45 per diluted share in the prior year [4][5]. - Non-GAAP net income from continuing operations was $643 million, or $1.37 per diluted share, up from $602 million, or $1.18 per diluted share in Q2 2024 [4][5]. - Gross Merchandise Volume (GMV) reached $19.5 billion, reflecting a 6% increase year-over-year [5][27]. Operational Highlights - eBay launched eBay Live in the U.K. and eBay Live on Tour in the U.S., enhancing livestream shopping experiences [6]. - The company introduced an AI shopping agent for personalized product recommendations, currently available to a limited number of U.S. customers [6]. - eBay's Authenticity Guarantee program inspected over one million items in a quarter for the first time, indicating growth in luxury and streetwear brands [6]. - eBay's advertising revenue was $482 million in Q2, representing 2.5% of GMV, with first-party advertising products generating $455 million, a 19% increase year-over-year [6]. Business Outlook - For Q3 2025, eBay expects revenue between $2.69 billion and $2.74 billion, with FX-Neutral year-over-year growth projected at 3% to 5% [10][30]. - The company anticipates GMV in the range of $19.2 billion to $19.6 billion, with diluted GAAP EPS expected between $0.97 and $1.02 [10][30]. Capital Returns - eBay returned $759 million to shareholders in Q2 2025, including $625 million in share repurchases and $134 million in cash dividends [5][17]. - The Board declared a cash dividend of $0.29 per share for Q3 2025, payable on September 12, 2025 [11]. Balance Sheet - As of June 30, 2025, eBay's cash and cash equivalents totaled $2.07 billion, with total assets amounting to $17.96 billion [21][22]. - Total liabilities were reported at $13.21 billion, resulting in stockholders' equity of $4.75 billion [21][22]. Additional Information - eBay's active buyers remained stable at 134 million, reflecting a 1% increase year-over-year [27]. - The company was recognized in TIME's World's Most Sustainable Companies 2025 and Newsweek's America's Greenest Companies 2025 lists, highlighting its commitment to sustainability [6].