Core Insights - eBay is set to report its second-quarter 2025 results on July 30, with expected revenues between $2.59 billion and $2.66 billion, indicating a year-over-year growth of 2.91% [1][9] - Non-GAAP earnings per share are projected to be between $1.24 and $1.31, reflecting a year-over-year growth of 4% to 11% [1][9] Revenue and Earnings Expectations - The Zacks Consensus Estimate for second-quarter 2025 revenues is $2.65 billion, with earnings per share consensus at $1.30, showing a year-over-year increase of 10.17% [2] - eBay has consistently surpassed the Zacks Consensus Estimate for earnings in the past four quarters, with an average surprise of 3.11% [2] Performance Drivers - The second-quarter performance is expected to benefit from strong momentum in luxury goods, collectibles, and refurbished products, which are high-margin segments [3] - Geographic strategies, including partnerships with Facebook Marketplace and the rollout of Klarna's Buy Now, Pay Later, are anticipated to enhance eBay's reach and GMV [4] Product Innovations - eBay's introduction of the 'Magical Listing' AI tool and improvements in search and advertising are expected to enhance seller productivity and drive GMV gains [5] Shipping and Logistics - The expansion of eBay's managed shipping program in the UK is likely to simplify logistics for sellers and improve buyer trust, contributing to revenue and profitability [6] Challenges - eBay's performance may face pressure from tariff uncertainties, particularly regarding China-to-US trade, with about 5% of GMV exposed to cross-border flows [7] Earnings Model Insights - eBay currently has an Earnings ESP of +3.69% and a Zacks Rank of 2, indicating a favorable outlook for an earnings beat [10]

Core Insights - OpenAI's revenue is projected to reach $125 billion by 2029, driven by AI Agent and other new products, surpassing the sales of its popular chatbot [1] - The company reported a revenue of $3.7 billion last year, nearly quadrupling its sales from the previous year, with active users exceeding 500 million [2] - OpenAI anticipates a cash burn of $46 billion over the next four years, but expects to achieve positive cash flow by 2029, generating nearly $12 billion in cash that year [3] Revenue Projections - New revenue sources are expected to offset rising costs, with the company estimating a significant increase in sales from various products, including ChatGPT subscriptions and API sales [5][8] - By 2029, ChatGPT subscription revenue is projected to grow from approximately $8 billion to $50 billion, while API revenue is expected to rise from about $2 billion to $22 billion [8] - The agent business is forecasted to generate $29 billion in revenue by 2029, up from $3 billion this year [8] Cost Management - OpenAI predicts that the growth of inference costs will slow down, with costs expected to double this year to around $6 billion and rise to nearly $47 billion by 2030, but at a reduced annual growth rate of about 30% [5] - The company expects its gross profit margin to increase from 40% last year to nearly 70% by 2029, although this is still below the average gross margin of 74% for cloud software stocks [5] User Growth and Monetization Strategies - OpenAI anticipates a significant increase in user engagement, projecting monthly active users to reach 3 billion and weekly active users to hit 2 billion by 2030 [9] - The company is exploring various monetization strategies, including potential advertising revenue and partnerships with high-profile clients like SoftBank, which plans to spend $3 billion annually on OpenAI products [9][10] - OpenAI is also testing shopping functionalities through its AI, similar to competitors like Google, to generate additional revenue streams [10]