Overview

* eBay ( EBAY ) Q3 revenue rises 9% to $2.8 bln, beating analyst expectations

* Adjusted EPS for Q3 beats consensus, reflecting strong operational performance

* Company returned $757 mln to shareholders via repurchases and dividends

Outlook

* eBay ( EBAY ) sees Q4 revenue between $2.83 bln and $2.89 bln

* eBay ( EBAY ) expects full-year revenue between $10.97 bln and $11.03 bln

* eBay ( EBAY ) anticipates Q4 GAAP EPS of $0.96 to $1.01

* eBay ( EBAY ) projects full-year non-GAAP EPS of $5.42 to $5.47

Result Drivers

* STRATEGIC PARTNERSHIPS - Collaborations with brands like Marks & Spencer and expansion of the Authenticity Guarantee program boosted engagement and sales

* ACQUISITIONS - Acquisition of Tise strengthened eBay's ( EBAY ) C2C expertise and connection with Gen Z and Millennial shoppers

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Beat $2.8 bln $2.73

Revenue bln (27

Analysts

)

Q3 Beat $1.36 $1.33

Adjusted (26

EPS Analysts

)

Q3 Beat $636 mln $616.86

Adjusted mln (19

Net Analysts

Income )

Q3 GMV $20.10

bln

Analyst Coverage

* The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 11 "strong buy" or "buy", 21 "hold" and 2 "sell" or "strong sell"

* The average consensus recommendation for the online services peer group is "buy."

* Wall Street's median 12-month price target for eBay Inc ( EBAY ) is $95.00, about 4.8% below its October 28 closing price of $99.58

* The stock recently traded at 17 times the next 12-month earnings vs. a P/E of 13 three months ago

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)