eBay Inc. Stock Earnings Reports

• Revenue grew more than 3% to $2.58 billion.
• Non-GAAP operating income rose by 6%, and non-GAAP earnings per share (EPS) increased by 16% to $1.19.
• The company returned $881 million to shareholders through dividends and share repurchases.

• Focused Categories:
  • GMV in focus categories expanded by nearly 5%, driven by motors, collectibles, refurbished items, and luxury fashion.
  • Collectibles sector saw notable growth, especially in trading cards, aided by participation in industry events and strategic acquisitions like Goldin.
• Consumer-to-Consumer (C2C) Engagement:
  • Strategies focused on enhancing C2C experiences showed strong traction, particularly in Germany and the UK.
  • New initiatives resulted in a 20% increase in customer satisfaction (CSAT), contributing to recruitment of new sellers and buyers.

• Geographic Investments:
  • Ongoing enhancements in the UK and Germany have shown early positive results, prompting confidence in further expansion.
  • UK C2C initiative, launched in October, aims to optimize seller experience with streamlined listing processes, shipping, and local pickup options.

• Total advertising revenue grew by 11% to $408 million, with first-party advertising climbing 14%.
• Promoted listings continue to drive significant growth, reflecting strong seller engagement with new advertising features.

• Q4 GMV is forecasted between $18.9 billion and $19.3 billion with continued focus on core initiatives.
• Expecting revenue in Q4 between $2.53 billion and $2.59 billion.
• Non-GAAP EPS projected between $1.17 and $1.22 for Q4, showing a year-over-year growth of 9% to 14%.

• Planning for sustained positive growth in GMV, with modest increases in operating income and EPS.
• Expected continued strength from C2C initiatives and focus categories will drive overall growth.
• Monitoring macroeconomic conditions and their potential impact on consumer behavior.

• The shopping environment has unpredictable variables, such as political events and competitive dynamics, that could affect consumer spending patterns.
• Continued emphasis on inventory variety and sales conversion rates informed by improving customer satisfaction may yield significant operational benefits.

eBay's strategic initiatives and focused execution have resulted in strong performance in Q3 2024, building a foundation for sustained growth moving into 2025. The company's efforts to enhance seller and buyer experiences, particularly through C2C investments, AI integration, and advertising innovations, suggest promising long-term value for investors.