eBay Down 7% in After Hours Despite Q3 Earnings Beat

"eBay (NASDAQ: EBAY) delivered solid Q3 results on Wednesday, beating both revenue and earnings expectations while raising its full-year outlook. Yet the stock's reaction told a different story. Shares climbed as high as $101.12 in early afternoon trading before falling around 7% in after hours. The intraday volatility masked an earnings report that investors should take seriously. Revenue Growth Accelerates, Gross Profit Improves"

"eBay posted revenue of $2.82 billion, beating the $2.73 billion consensus estimate by $89 million. The 9% year-over-year increase reflects accelerating momentum on the platform. Gross Merchandise Volume (GMV) climbed 10% to $20.1 billion, outpacing revenue growth and signaling stronger transaction velocity. Gross profit expanded to $1.999 billion, up 8.11% from $1.849 billion a year ago. That's the kind of steady improvement that compounds over time."

"Non-GAAP EPS came in at $1.36, topping the $1.33 estimate by $0.03. That extends an impressive streak: eBay has now beaten earnings expectations for eight consecutive quarters, averaging a 5% surprise rate. However, the headline number obscures underlying pressure. Operating income fell 3.19% to $576 million from $595 million, while net income declined 5.84% to $597 million. The company is"

eBay reported Q3 revenue of $2.82 billion, up 9% year-over-year, beating consensus by $89 million. GMV rose 10% to $20.1 billion, indicating stronger transaction velocity that outpaced revenue growth. Gross profit increased 8.11% to $1.999 billion as the company managed costs while scaling. Non-GAAP EPS was $1.36, topping estimates, but operating income fell 3.19% and net income declined 5.84%, reflecting investments in AI, live commerce, and circular fashion. Operating cash flow jumped 23.71% to $934 million and free cash flow reached $803 million, enabling $757 million returned to shareholders through buybacks and dividends. Management raised the full-year outlook.

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