Recap: eBay Q3 Earnings

Shares of eBay EBAY fell 2.35% in after-market trading after the company reported Q3 results.

Quarterly Results

Earnings per share were up 26.87% over the past year to $0.85, which missed the estimate of $0.86.

Revenue of $2,606,000,000 declined by 1.62% year over year, which missed the estimate of $2,690,000,000.

Guidance

eBay Updates Guidance To Reflect Transfer Of Classifieds Business; Sees Q3 Adj. EPS $0.68-$0.74,, Sales $2.38B-$2.45B, Sees FY20 Adj. EPS $3.04-$3.16, Sales $9.59B-$9.78B

Conference Call Details

Date: Oct 28, 2020

Time: 05:00 PM

ET Webcast URL: https://event.on24.com/eventRegistration/EventLobbyServlet?target=reg20.jsp&referrer=https%3A%2F%2Finvestors.ebayinc.com%2F&eventid=2633278&sessionid=1&key=2F760DAA259701DB93960B0CA25F53B1&regTag=&sourcepage=register

Price Action

Company's 52-week high was at $61.06

52-week low: $26.02

Price action over last quarter: down 3.94%

Company Overview

With almost $86 billion in marketplace gross merchandise volume, or GMV, generated in 2019, eBay's Marketplace facilitated more than 2% of the $3.5 trillion global online commerce market (using eMarketer estimates). EBay's strategic priorities include revitalizing its Marketplace platform by emphasizing its unique product assortment and value proposition, improving the seller and buyer experience, utilizing structured data/artificial intelligence for listing searches, promoted listing advertising, and improving its mobile commerce capabilities. EBay partnered with Netherlands-based Adyen for payment intermediation beginning in 2018.