eBay Inc (NASDAQ:EBAY, ETR:EBA) shares surged 17% to around $90.40 on Thursday morning after the e-commerce company posted better-than-expected second-quarter results and issued an upbeat forecast for the current quarter, bolstered by solid demand across its US and international marketplaces.
The company reported revenue of $2.73 billion, topping analysts’ estimates of $2.64 billion and rising 6.1% from a year earlier. Adjusted earnings per share climbed 16% to $1.37, also beating expectations of $1.30.
Gross merchandise volume (GMV), a key measure of the total value of goods sold through eBay’s platform, rose 6% year-over-year to $19.51 billion, surpassing estimates of $18.88 billion. US GMV grew 7.2% to $9.43 billion, while international GMV increased 4.8% to $10.09 billion.
“Our momentum reflects the strength of our strategic execution and the resilience of our marketplace,” CEO Jamie Iannone said.
eBay ended the quarter with 134 million active buyers, slightly below expectations but still up 1.5% from a year ago.
For the third quarter, the company expects revenue between $2.69 billion and $2.74 billion, above consensus estimates of $2.65 billion. It forecast adjusted EPS from continuing operations in the range of $1.29 to $1.34, compared with estimates of $1.31. GMV is projected to land between $19.2 billion and $19.6 billion.
Analysts at Jefferies said the stronger-than-expected GMV should help ease concerns about a softer consumer backdrop or potential trade disruptions. “We were also impressed by the sequential acceleration in advertising revenue, which could help support continued investments in marketing,” they wrote in a note.
However, they cautioned that some of the growth may have been driven by temporary factors such as resales of Nintendo Switch consoles and tariff-driven price increases, noting that full-year guidance implies a sequential slowdown in the fourth quarter.