Welcome to our dedicated page for eBay news (Ticker: EBAY), a resource for investors and traders seeking the latest updates and insights on eBay stock.
eBay Inc., headquartered in San Jose, California, is a global e-commerce leader connecting buyers and sellers in consumer-to-consumer and business-to-consumer transactions. Founded in 1995 by Pierre Omidyar, eBay became a standout success story of the dot-com bubble. Today, it operates one of the largest e-commerce marketplaces worldwide, with a gross merchandise volume (GMV) of $73 billion in 2023. The platform serves over 130 million buyers and roughly 20 million sellers across nearly 190 markets globally.
Business Model: eBay's revenue streams include listing fees, advertising, revenue-sharing arrangements with service providers, and managed payments. The company generates over 50% of its GMV from international markets, with significant footprints in the UK, Germany, and Australia.
Recent Achievements and Developments: In 2023, eBay reported significant organic GMV growth and robust financial health, backed by strategic initiatives and innovative customer experiences. The company entered into several high-profile agreements, including a deferred prosecution agreement with the U.S. Attorney's Office for actions taken by former employees in 2019, and a settlement with the DOJ regarding certain product listings.
Current Projects: eBay continues to foster community engagement and economic opportunities through events like the 'Catch 151' auction for Pokémon collectors and the 'From the Collection: Ken Block' auction. In Q1 2024, eBay announced partnerships to enhance the trading card hobby experience, including the acquisition of Goldin and a commercial agreement with PSA for integrated grading and vault services.
Financial Condition: eBay's financial results for Q1 2024 highlighted resilient marketplace performance amid global economic challenges. The company exceeded its financial outlook and made noteworthy progress in strategic objectives, emphasizing innovation and enhanced customer experiences.
Vision for the Future: eBay aims to reinvent the future of e-commerce for enthusiasts by maintaining high standards of conduct and ethics, supporting community engagement, and driving long-term shareholder value through continuous innovation and strategic partnerships.
Elton John is partnering with eBay to launch the 'Rocket Man Resale' auction, featuring a collection of his pre-loved fashion items. The auction will include pieces from his wardrobe, such as Gucci jackets, Versace robes, and Prada loafers, as well as affordable items like concert T-shirts and baseball caps. The auction begins on June 27, 2024, and all proceeds will benefit the Elton John AIDS Foundation. The event will be live-streamed on eBay Live, hosted by Emma Rogue and Stephen Sanchez, and will feature appearances by Elton John and David Furnish. Select items from other celebrities will also be available. The auction will run for 10 days, with starting bids at $26.60. eBay's platform aims to attract its 132 million global active buyers, promoting sustainable fashion and supporting the fight against LGBTQ+ stigma and HIV care access.
Collectors, parent company of PSA, and eBay (NASDAQ: EBAY) have completed a series of transactions to launch an integrated experience for trading card collectors by summer 2024. This collaboration includes the sale of Goldin to eBay and the transfer of eBay's vault to PSA, creating a combined vault product offering. The partnership aims to streamline buying, grading, storing, and selling trading cards, enhancing collector experiences with real-time data integration, reduced shipping costs, and comprehensive inventory management. This new ecosystem will provide seamless transactions and detailed insights for collectors, leveraging eBay's marketplace and PSA's grading expertise.
eBay (NASDAQ: EBAY) has announced its first-ever 'Recommerce Day' on May 21, 2024, coinciding with the release of its annual Recommerce Report. This report measures global consumer trends and sentiments towards second-hand shopping, with over 28,000 people surveyed. The day will include a takeover of the eBay homepage with deals, educational content, and an eBay Live program featuring pre-loved items. eBay partners with sustainability advocate Alicia Silverstone to highlight the benefits of recommerce. A resolution has been introduced in the California State Legislature to officially recognize May 21 as Recommerce Day, aiming to increase awareness and support for sustainable shopping practices.
eBay Inc. reported strong Q1 2024 results with $2.6B in revenue, up 2% as-reported and on FX-neutral basis. Gross Merchandise Volume was $18.6B, up 1% on as-reported basis. GAAP EPS was $0.85 and non-GAAP EPS was $1.25. Operating margin stood at 24.7% (GAAP) and 30.3% (non-GAAP). The company returned $638M to shareholders, including share repurchases and dividends.
FAQ
What is the current stock price of eBay (EBAY)?
What is the market cap of eBay (EBAY)?
What is eBay Inc.?
Where is eBay headquartered?
How does eBay generate revenue?
How many markets does eBay operate in?
What recent legal agreements has eBay entered into?
What are some of eBay's key projects?
What was eBay’s GMV in 2023?
Who founded eBay and when?
What are eBay's future goals?
How did eBay perform financially in Q1 2024?
