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Jun 30, 2020
eBay Q2 2020 Earnings Report
eBay surpassed expectations in Q2 2020 due to team's focus on supporting small businesses and communities, re-engaging existing buyers and sellers, and introducing new customers to the platform.
Key Takeaways
eBay Inc. reported strong second-quarter results, with revenue reaching $2.9 billion, up 18% year-over-year. The company added approximately 8 million new customers and saw a 26% increase in Gross Merchandise Volume (GMV). GAAP EPS was $1.04, and Non-GAAP EPS was $1.08.
Revenue of $2.9 billion, up 18% year-over-year.
Gross Merchandise Volume (GMV) of $27.1 billion, up 26% year-over-year.
GAAP and Non-GAAP EPS per diluted share of $1.04 and $1.08, respectively.
Annual active buyers grew by 5%, adding approximately 8 million buyers, for a total of 182 million global active buyers.
Forward Guidance
eBay expects net revenue between $2.64 billion and $2.71 billion for Q3 2020, representing Organic FX-Neutral growth of 14% - 17%. GAAP earnings per diluted share from continuing operations are expected to be in the range of $0.58 - $0.64, and non-GAAP earnings per diluted share from continuing operations are expected to be in the range of $0.81 - $0.87. For the full year 2020, eBay expects net revenue between $10.56 billion and $10.75 billion, representing Organic FX-Neutral growth of 12% - 14%. GAAP earnings per diluted share from continuing operations are expected to be in the range of $2.85 - $3.00, and non-GAAP earnings per diluted share from continuing operations are expected to be in the range of $3.47 - $3.59.
Positive Outlook
- Net revenue between $2.64 billion and $2.71 billion for Q3 2020.
- Organic FX-Neutral growth of 14% - 17% for Q3 2020.
- GAAP earnings per diluted share from continuing operations in the range of $0.58 - $0.64 for Q3 2020.
- Non-GAAP earnings per diluted share from continuing operations in the range of $0.81 - $0.87 for Q3 2020.
- Net revenue between $10.56 billion and $10.75 billion for full year 2020.
Challenges Ahead
- Guidance reflects management's expectations for operational performance and the impacts seen in both of our Marketplaces and Classifieds platforms to date.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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