eBay (EBAY) Reports In-Line Q2 EPS, Offers Guidance

eBay (NASDAQ: EBAY) reported Q2 EPS of $0.45, in-line with the analyst estimate of $0.45. Revenue for the quarter came in at $2.33 billion versus the consensus estimate of $2.31 billion.

Underlying total eBay Inc. performance, the Marketplace platforms delivered $20.5 billion of GMV and $1.9 billion of revenue. Marketplace GMV was up 3% on an as-reported basis and 6% on an FX-Neutral basis, driven by the continued expansion of new user experiences and marketing efforts, which led to revenue growth of 4% on an as-reported basis and 7% on an FX-Neutral basis. StubHub drove GMV of $1.0 billion, down 5%, and revenue of $236 million, up 5%, driven by a softer U.S. events landscape compared to last year, partially offset by strong international growth. Classifieds accelerated growth in the quarter, delivering revenue of $219 million, up 6% on an as-reported basis and 11% on an FX-Neutral basis, primarily driven by healthy traffic growth and strong user engagement.

GUIDANCE:

eBay sees Q3 2017 EPS of $0.46-$0.48, versus the consensus of $0.48. eBay sees Q3 2017 revenue of $2.35-2.39 billion vs consensus of $2.32 billion.

eBay sees FY2017 EPS of $1.98-$2.03 vs $2.01 consensus. eBay sees FY2017 revenue of $9.3-9.5 billion vs consensus of $9.41 billion.

For earnings history and earnings-related data on eBay (EBAY) click here.

You May Also Be Interested In

• FedEx falls 4% as FY2027 profit forecast misses expectations despite Q4 beat
• William Blair Upgrades Backblaze Inc (BLZE) to Market Perform
• BofA lists top 5 themes driving next $1tn in incremental semi sales