The earnings call highlighted positive growth in GMV, revenue, and focused categories, driven by strategic initiatives and AI innovation. However, challenges remain with third-party advertising declines and macroeconomic headwinds, particularly in Europe. Overall, the positive developments outweigh the challenges, indicating a positive outlook.

Company Guidance

During the eBay Q3 2024 earnings call, the company provided strong financial guidance, highlighting several key metrics. Gross merchandise volume (GMV) grew by over 1% to $18.3 billion, while revenue increased by more than 3% to $2.58 billion. The company also reported a 6% growth in non-GAAP operating income and a 16% rise in non-GAAP earnings per share to $1.19. Active buyers increased by nearly 1% to 133 million, and first-party advertising revenue grew by 14% to $408 million, representing 2.2% of GMV. The call emphasized the success of focused categories, with collectibles experiencing double-digit growth, and discussed the launch of new initiatives like managed shipping in the UK, expected to impact future revenue positively. Looking ahead to Q4, eBay anticipates GMV between $18.9 billion and $19.3 billion, with FX-neutral growth between flat and 2%, and revenue between $2.53 billion and $2.59 billion. The company remains confident in achieving positive GMV and revenue growth in 2025.

Positive GMV Growth

eBay's gross merchandise volume grew by over 1% to $18.3 billion, marking the second straight quarter of positive GMV growth.

Revenue Increase

Revenue increased by more than 3% to $2.58 billion, with non-GAAP operating income growing by 6% and non-GAAP earnings per share increasing by 16% to $1.19.

Focus Category Success

Focus category GMV grew by nearly 5% in Q3, driven by momentum in motors, parts and accessories, collectibles, refurbished, and luxury fashion categories.

AI and Innovation

eBay's AI initiatives, including the launch of the second generation of Lilium series of large language models, have led to improved listing descriptions and pricing predictions, generating several billion dollars of cumulative GMV.

Advertising Growth

First-party advertising grew 14%, and total ad revenue grew 11% to $408 million, representing over 2.2% penetration of GMV.

C2C Initiative in the U.K.

Significant enhancements were rolled out in the U.K. for preowned apparel categories, leading to a double-digit improvement in C2C GMV growth.

Increased Active Buyers

Active buyers grew nearly 1% to $133 million in Q3, driven by strategic initiatives and marketing campaigns.

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eBay (GB:0R3D) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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GB:0R3D Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Feb 19, 2025	2024 (Q4)	1.21 / -	1.07	―	―	―
Oct 30, 2024	2024 (Q3)	1.18 / 1.19	1.03	15.53% (+0.16)
Jul 31, 2024	2024 (Q2)	1.13 / 1.18	1.03	14.56% (+0.15)
May 01, 2024	2024 (Q1)	1.20 / 1.25	1.11	12.61% (+0.14)
Feb 27, 2024	2023 (Q4)	1.03 / 1.07	1.07	0.00% (0.00)
Nov 07, 2023	2023 (Q3)	1.00 / 1.03	1	3.00% (+0.03)
Jul 26, 2023	2023 (Q2)	0.99 / 1.03	0.99	4.04% (+0.04)
Apr 26, 2023	2023 (Q1)	1.07 / 1.11	1.05	5.71% (+0.06)
Feb 22, 2023	2022 (Q4)	1.06 / 1.07	1.05	1.90% (+0.02)
Nov 02, 2022	2022 (Q3)	0.93 / 1.00	0.9	11.11% (+0.10)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

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GB:0R3D Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Oct 30, 2024	$62.70	$57.10	-8.93%
Jul 31, 2024	$55.15	$57.24	+3.79%
May 01, 2024	$50.85	$48.87	-3.89%
Feb 27, 2024	$43.79	$47.24	+7.87%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

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