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eBay Results Beat in Q3, but Revenue Guidance Falls Short

Published 27/10/2021, 21:32
Updated 27/10/2021, 21:32
© Reuters.

© Reuters.

By Yasin Ebrahim

Investing.com- eBay reported Wednesday second-quarter results that topped expectations, but revenue guidance fell short amid signs of slowing user growth.

eBay (NASDAQ:EBAY) shares lost 4.30% in after-hours trading following the report.

eBay announced earnings per share of 90 cents on revenue of $2.50 billion. Analysts polled by Investing.com anticipated EPS of 88 cents on revenue of $2.45 billion.

Gross merchandise volume, a key measure of growth, fell 10% to $19.5 billion as user growth slowed on the platform.

Active buyers declined by 5% to 154 million and active sellers were flat at 19 million global active sellers.

Looking ahead to Q4, eBay guided EPS in the range of 97 cents to $1.01 on revenue between $2.57 billion and $2.62 billion. The compared with consensus estimates for EPS of $1.00 and revenue of $2.65 billion.

Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar

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