Home Business eBay reported revenue of $2.5 billion in the third quarter

eBay reported revenue of $2.5 billion in the third quarter

eBay acquires TCGPlayer, trading card marketplace, for $294 million

eBay has caught some Sales of 2.5 billion euros in the third quarter of the yearwhich represents an increase of 5% compared to the business volume of $2.38 billion in the same quarter of 2022, the marketplace reported in a statement.

To these amounts we must add the positive impact of atypicals of $1,212 million, which deducted $593 million from eBay’s results just a year earlier. He Gross merchandise volume (GMV) reached $18 billionan increase of 2% on a reported basis and unchanged on a neutral exchange rate basis.

Sales, marketing, product development, general, administrative, depreciation and transaction accruals costs rose 15% to $1.34 billion. After, The costs resulting from the activity “per se” amounted to $705 million, up 9%.

During the analyzed period, the company repurchased $651 million of its common stock and paid dividends of $132 million. Additionally, eBay highlighted that the company’s own advertising products, driven primarily by promoted ads, generated $345 million in revenue this third quarter, up 39% in reported numbers and growing 36% compared to the third quarter corresponds to a year earlier. The company’s total advertising offering generated approximately $366 million, representing approximately 2% of GMV.

«We delivered another quarter of strong results and accelerated the pace of innovation at eBay” said Jamie Iannone, eBay CEO. «Strategic investments in our marketplace and strong team leadership increase customer satisfaction, especially in focus categories. Amid macroeconomic uncertainty, we continue to make progress toward our ambitious vision of reinventing the future of enthusiast e-commerce.« added the manager.

«In the third quarter, we met or exceeded expectations in all key financial metrics“, he emphasized for his part Steve Priest, eBay CFOand reiterated that “Our strong balance sheet and operational rigor enable us to adapt to changing changes in this dynamic macro environment. We will continue to focus on cost efficiency, saving to invest in the future, while continuing to manage our shareholders’ capital well. I am proud of our teams for laying the foundation for long-term, sustainable growth«.

Forecasts for the last quarter

Ebay also reported that In the last quarter of the year, revenues will be between $2,470 and $2,530 millionwhile for the full year they will be between $10,020 and $10,080 million.

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