eBay adjusted earnings for the second quarter came in at 99 cents per share, exceeding expectations of 89 cents.
The company’s revenue fell -9% from the year-ago quarter to $2.42 billion, topping expectations of $2.37 billion. The y/y decrease was attributed to the softening transactional activities on eBay’s and weakening marketing services. Active buyer base fell -12% y/y to 138 million as of the end of the second quarter.
For the current quarter, eBay expects revenue in the range of $2.29 billion to $2.37 billion, compared with analysts' estimates of $2.30 billion (according to Refinitiv IBES).
The company reiterated its annual sales expectations at $9.6 billion to $9.9 billion. However, the company lowered its full-year outlook for gross merchandise value (GMV) to between $72.7 billion and $74.7 billion, from prior forecast of $73.2 billion to $75.2 billion.