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Sep 30, 2020
eBay Q3 2020 Earnings Report
Exceeded expectations with a newly focused strategy and significant untapped marketplace potential.
Key Takeaways
eBay Inc. reported better-than-expected third-quarter results. Revenue reached $2.6 billion, up 25% year-over-year, and GMV grew by 22% to $25.0 billion. The company raised its full-year guidance, reflecting confidence in its growth trajectory.
Revenue reached $2.6 billion, a 25% increase year-over-year.
Gross Merchandise Volume (GMV) was $25.0 billion, up 22% year-over-year.
GAAP EPS was $0.88 per diluted share, and Non-GAAP EPS was $0.85 per diluted share.
The company returned $811 million to shareholders, including $700 million in share repurchases.
eBay
eBay
Forward Guidance
eBay raised its full year guidance for continuing operations, projecting revenue between $2.64 and $2.71 billion and GAAP EPS between $0.58 and $0.64 for Q4 2020.
Positive Outlook
- Revenue between $2.64 - $2.71 billion for Q4 2020
- Organic FX-Neutral Y/Y Growth of 19 - 22% for Q4 2020
- GAAP EPS between $0.58 - $0.64 for Q4 2020
- Non-GAAP EPS between $0.78 - $0.84 for Q4 2020
- Revenue between $10.04 - $10.11 billion for FY 2020