eBay Q4 Beats Estimates with $2.97B Revenue and 10% GMV Growth
eBay reported Q4 revenue of $2.97B and adjusted EPS of $1.41, beating estimates of $2.88B and $1.34, while GMV rose 10% to $21.2B. Shares have climbed 22% over the past year and the company agreed to acquire secondhand clothes retailer Depop from Etsy, expanding its resale segment.
1. Q4 Results Exceed Expectations
eBay reported revenue of $2.97 billion and adjusted earnings per share of $1.41 for the fiscal fourth quarter, surpassing consensus estimates of $2.88 billion and $1.34. This beat reflects continued margin expansion and operational leverage on the core marketplace.
2. Strong GMV Growth
The platform’s gross merchandise volume reached $21.2 billion in Q4, representing 10% year-over-year growth. This increase was driven by robust demand in both domestic and international categories, particularly in electronics and collectibles.
3. Depop Acquisition Expands Resale
eBay agreed to acquire Depop, a youth-focused secondhand fashion marketplace, from Etsy for an undisclosed price. This move strengthens eBay’s position in the fast-growing resale segment and enhances its Gen Z user engagement.
4. Share Performance and Analyst Outlook
Shares have risen 22% over the last 12 months but are down 1% year-to-date. Morgan Stanley raised its price target to $112 while maintaining an Overweight rating, and market commentators noted eBay’s exceptional secondhand market momentum.