Advertising And Profit GrowthDecelerating advertising revenue combined with increased marketing investments is leading to sluggish profit growth, which may affect investor confidence.
Growth Dependency And RisksA recent slowdown in China eliminates a key tailwind to growth and increases risk to performance numbers, highlighting the company's reliance on this market.
Margin RisksThe dropped seller fee is estimated to cost EBAY approximately 45 basis points of margin as a percent of GMV, raising concerns about the company's future profitability.