eBay to Buy Depop for $1.2 Billion and Logs Q4 EPS of $1.41
eBay agreed to acquire Depop from Etsy for $1.2 billion in cash, with the deal expected to close in the second quarter of 2026. In the fourth quarter the company delivered adjusted EPS of $1.41 and revenue of $2.97 billion, beating consensus estimates by 3.97% and 2.98% respectively.
1. eBay Acquires Depop for $1.2 Billion
eBay agreed to purchase Depop from Etsy for $1.2 billion in cash, financing the acquisition through existing liquidity. The deal, approved by both boards, is slated to close in the second quarter of 2026 and positions eBay to expand its presence in the Gen Z resale market.
2. Fourth Quarter Financial Outperformance
In the quarter ended December 2025 eBay reported adjusted EPS of $1.41, up from $1.25 a year earlier, surpassing consensus by 3.97%. Revenue reached $2.97 billion, a 15% rise year-over-year and 2.98% above estimates, marking the fourth consecutive quarter of upside surprises.
3. Market Reaction and Outlook
Shares rallied on both the acquisition and strong Q4 results, reversing an 8.2% year-to-date decline relative to flat S&P 500 performance. Investors will watch management’s upcoming earnings call for updated guidance, and estimate revisions for Q1 consensus of $1.49 EPS on $2.79 billion in revenue.