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eBay Q3 revenue beats estimates on rising secondhand goods demand

By Reuters News


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

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 Revenue

Beat

$3.20 bln

$3.12 bln (24 Analysts)

Q3 Adjusted EPS

Beat

$1.51

$1.41 (23 Analysts)

Q3 Adjusted Net Income

Beat

$685 mln

$639.44 mln (15 Analysts)

Q3 GMV

$23.20 bln


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.)

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