eBay shares dip after Q2 outlook disappoints despite strong Q1 results

10 articles · Updated · Barron's · Apr 29

eBay stock fell 0.8% after forecasting Q2 gross merchandise volume of $21.3–$21.7 billion, below Q1’s $22.2 billion, despite Q1 adjusted earnings of $1.66 per share on $3.1 billion revenue.
The company exceeded Wall Street expectations for Q1 earnings and sales, and reported 136 million active buyers, above analyst estimates. eBay also announced a $639 million return to shareholders through buybacks and dividends.
CEO Jamie Iannone highlighted momentum from focus categories and recommerce strategies. The Depop acquisition, announced in February for $1.2 billion, is expected to close by Q3, following a recent 6.5% workforce reduction.

Why does eBay predict a sales drop after a record-breaking quarter?

Can eBay's $1.2 billion Depop purchase successfully capture the Gen Z market?

Will eBay's big bet on AI and live shopping actually pay off?

With rivals like Temu and Shein, is eBay's high-end focus enough?

Is eBay's 'recommerce' pivot leaving its traditional business sellers behind?