eBay Q3 revenue beats estimates on rising secondhand goods demand

Overview

• US online marketplace's Q3 revenue rose 14%, beating analyst expectations

• Adjusted EPS for Q3 beat analyst expectations

• Company returned $827 mln to shareholders via buybacks and dividends in Q3

Outlook

• eBay sees Q4 revenue between $3.19 bln and $3.24 bln

• Company expects Q4 diluted non-GAAP EPS of $1.48 to $1.53

• eBay forecasts full-year 2026 revenue of $12.62 bln to $12.67 bln

Result Drivers

• RECOMMERCE DEMAND - Co said rising consumer adoption of secondhand goods supported growth in Q3

• FOCUS CATEGORIES AND C2C - Co attributed sustained growth to its Focus Categories and C2C marketplace enhancements, including improvements in France and Italy

• EBAY LIVE EXPANSION - Co said eBay Live delivered another record quarter, with triple-digit GMV growth year over year across all seven markets

Company press release:

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 12 "strong buy" or "buy", 19 "hold" and 2 "sell" or "strong sell"

• The average consensus recommendation for the online services peer group is "buy."

• Wall Street's median 12-month price target for eBay Inc. is $118.00, about 0.1% above its October 27 closing price of $117.83

• The stock recently traded at 18 times the next 12-month earnings vs. a P/E of 17 three months ago

Reuters Recommended Reads

• Oct 26 - EU accepts Temu plan to remedy Digital Services Act breach

• Oct 27 - PayPal tops Q3 adjusted EPS estimates, raises FY forecast

• Oct 27 - Visa beats Q4 profit estimates on higher transactions, payment volumes

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)