Kelly Cloonan / Wall Street Journal : eBay reports Q3 revenue up 14% YoY to $3.21B, above $3.12B est., and GMV up 15% to $23.17B, above $22.32B est.; EBAY jumps 4%+ after hours — CEO Jamie Iannone said the e-commerce platform is seeing broad-based momentum across its key categories — EBay recorded higher quarterly sales …
eBay reports Q3 revenue up 14% YoY to $3.21B, above $3.12B est., and GMV up 15% to $23.17B, above $22.32B est.; EBAY jumps 4%+ after hours (Kelly Cloonan/Wall Street Journal)
In short
The online marketplace outperformed financial projections across both total revenue and merchandise volume during the period. Chief Executive Officer Jamie Iannone credited the gains to broad-based momentum throughout the company's major merchandise categories. Driven by the better-than-expected sales, the platform's shares advanced over 4% in extended trading sessions.
Key points
- Broad-based momentum across essential product categories helped drive the e-commerce comp…: Broad-based momentum across essential product categories helped drive the e-commerce company's quarterly outperformance.
- Robust consumer demand enabled the platform to top Wall Street estimates on both revenue…: Robust consumer demand enabled the platform to top Wall Street estimates on both revenue and merchandise volume.
- The company's positive third-quarter sales results triggered an immediate upward movement…: The company's positive third-quarter sales results triggered an immediate upward movement in its stock price.