Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Nasdaq  >  EBay Inc.    EBAY

EBAY INC.

(EBAY)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsPress ReleasesOfficial PublicationsSector newsMarketScreener StrategiesAnalyst Recommendations

eBay's Q3 Business Results eBay's Q3 Business Results Top things to know: eBay performed better than expected by all measures, with GMV growth of 22 percent compared to last year. We increased our active ...

10/29/2020 | 03:40pm EST

Top things to know:

  • eBay performed better than expected by all measures, with GMV growth of 22 percent compared to last year.
  • We increased our active buyers by 5%, which brings us to 183M globally.
  • Jamie emphasized that our three new vertical launches - watches, sneakers and certified refurbished - are the start of the new eBay.

Good afternoon!

Wow, what an exciting time to be at eBay. Yesterday, eBay shared our Q3 2020 business resultsand it was another incredible quarter. Our revenue grew 25% to $2.6 billion, and we added more than $4 billion in volume versus last year - this is more than many of our competitors do annually! But here's my favorite stat: our active buyer base grew another 5% to 183 million. And these shoppers - both new and existing - are spending more than ever before.

We entered Q3 with high expectations, and there's no question the pandemic-related shift to online spending has had an impact. But the real optimism and excitement comes from seeing how the recent changes that we've made to improve the shopping experience are driving our business.

I'm proud of how much ground we've covered, and how we've doubled down in some enthusiast categories like Watches, Sneakers and Certified Refurbished. We listened to the needs of both buyers and sellers, and your feedback shaped the course and milestones we've set for ourselves. So here's how we've approached some of these opportunities:

In September, Authenticity Guarantee for watches above $2000 went live and since then, we're already seeing more inventory, more engaged buyers and higher sales prices for our sellers. A few weeks later, we announced Authentication for sneakers, and the response from media, influencers and customers has been incredible. Topping it off, we launched a new destination for Certified Refurbished inventory last week - with inventory that offers incredible value and is available exclusively on eBay.

We're in the first phase of what's sure to be a multi-year journey, with a lot of ground to cover ahead of us. But our Q3 announcements are a big step toward realizing this vision of delivering better, bigger vertical experiences (both in capability and policies) for buyers and sellers.

There are so many other factors contributing to our success and positive outlook.

  • Managed paymentsmade significant progress because buyers are using the expanded payment choices we've offered, while sellers are saving money with a simpler eBay experience.
  • Knowing that deliveryis a key concern going into the 2020 holidays, we partnered with UPSand FedExto lower shipping costs and eliminate peak-season surcharges. We're excited by how both parties showed up to help you, with service in mind, to help scale your business during what will surely be unprecedented holiday shipping volume.
  • The new Time Away feature offers additional peace of mind and will hopefully let you enjoy vacation while managing your business.

Back when COVID emerged, and consumers flocked to eBay for essentials and other goods, it would have been easy to ride the wave - to bank on shoppers sticking around once 'normal' shopping resumed. But I promised we weren't going to be complacent or take anything for granted. 2020 was always going to be an opportunity to roll up our sleeves and deliver a better platform - one that turns casual buyers into lifelong shoppers.

We're really encouraged by this quarter's progress, while keeping in mind that things remain 'dynamic' and there are no straight lines. You've let me know that trend information is helpful - what's selling, what's in demand - so I'll keep sharing that type of data. And know with certainty that we won't let up - we remain focused on driving your business and positioning you for success in the years to come.

It was a great quarter and there is a lot to look forward to as we think about the holidays and planning for next year. We wouldn't be here without you, and I'm excited to be on this journey together. So, as always, thank you for your support and thank you for selling on eBay.

Jordan

For more on eBay's Q3 2020 earnings visit https://www.ebayinc.com/company/.

Disclaimer

eBay Inc. published this content on 29 October 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 29 October 2020 20:39:03 UTC


© Publicnow 2020
All news about EBAY INC.
01/152021 ECOMMERCE TRENDS : Predictions From Our Experts
PU
01/15EBAY : Morgan Stanley Adjusts Price Target on EBay to $58 From $57, Keeps Equal-..
MT
01/14EBAY : for Charity Announces a Record-Breaking Year of Community Support
PU
01/13BRIAN KRZANICH : Intel taps VMware's Gelsinger as CEO to fix manufacturing crisi..
RE
01/08Roku Acquires Content Library of Shuttered Short-Form Video Platform Quibi
MT
01/07EBAY : 2021 Shipping Carrier Rate Changes 2021 Shipping Carrier Rate Changes 202..
PU
01/07CONSUMER SELLERS : Getting Paid on eBay Just Got Easier
PU
01/05SECTOR UPDATE : Consumer Discretionary Stocks Turning Higher in Recent Trade
MT
01/05MARKET CHATTER : EBay Reportedly Taps Goldman Sachs, Morgan Stanley for Potentia..
MT
01/04EBAY : Customized Ad-Rate Recommendations Now Available for Promoted Listings on..
PU
More news
Financials (USD)
Sales 2020 10 145 M - -
Net income 2020 2 157 M - -
Net Debt 2020 3 399 M - -
P/E ratio 2020 18,1x
Yield 2020 1,15%
Capitalization 38 203 M 38 203 M -
EV / Sales 2020 4,10x
EV / Sales 2021 3,62x
Nbr of Employees 13 300
Free-Float 39,0%
Chart EBAY INC.
Duration : Period :
eBay Inc. Technical Analysis Chart | EBAY | US2786421030 | MarketScreener
Technical analysis trends EBAY INC.
Short TermMid-TermLong Term
TrendsBullishNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 33
Average target price 62,10 $
Last Close Price 55,42 $
Spread / Highest target 48,0%
Spread / Average Target 12,1%
Spread / Lowest Target -11,6%
EPS Revisions
Managers and Directors
NameTitle
Jamie Iannone President, Chief Executive Officer & Director
Paul S. Pressler Chairman
Andrew Cring CFO, VP-Global Financial Planning & Analysis
Mazen Rawashdeh Chief Technology Officer & Senior Vice President
Robert Holmes Swan Independent Director
Sector and Competitors
1st jan.Capitalization (M$)
EBAY INC.10.29%38 203
ALIBABA GROUP HOLDING LIMITED4.61%658 714
MEITUAN DIANPING10.32%233 488
PINDUODUO INC.-9.27%197 684
SHOPIFY INC.3.40%143 731
MERCADOLIBRE, INC.10.54%92 348