eBay revenue rises 15% to $3.13 billion in second quarter

EarningsM&A · Partnership
โดย Retail Insight Network·US·Read original
Summary · why it matters

eBay reported second-quarter revenue of $3.13 billion, a 15% increase on an as-reported basis. Gross merchandise volume rose 15% to $22.39 billion, while net income from continuing operations climbed 51% to $552 million. Advertising revenue reached $596 million, with first-party advertising products contributing $570 million, up 25% as reported. The results follow eBay's completion of its acquisition of Depop and its board's rejection of an unsolicited $55.5 billion takeover offer from GameStop. For the third quarter, eBay forecast revenue between $3.07 billion and $3.12 billion and gross merchandise volume of $22 billion to $22.4 billion.

Impact on stocks 2

Consumer Discretionary± Mixed · 2 stocks
eBay Inc
EBAY
▲ PositiveCapitalrelevance

eBay reported strong Q2 results with revenue up 15% and net income up 51%, beating expectations.

GameStop Corp.
GME
▼ NegativeCapitalrelevance

eBay's board rejected GameStop's $55.5 billion takeover offer, indicating the deal is unlikely to proceed.

Off-coverage companies 1

DepopPrivate▲ Positive
Capitalrelevance

eBay completed its acquisition of Depop, which may contribute to future growth.