Overview
- EBay guided first-quarter revenue to $3.00–$3.05 billion, above the roughly $2.80 billion Wall Street consensus tracked by LSEG.
- The company will acquire fashion marketplace Depop from Etsy for nearly $1.2 billion to expand its reach in pre-loved apparel and younger shoppers.
- Fourth-quarter results beat expectations with revenue of $2.97 billion, net income of $528 million, and adjusted earnings of $1.41 per share.
- EBay projected first-quarter earnings of $1.53 to $1.59 per share.
- Shares rose about 7% in extended trading as the company emphasized recommerce and specialty categories such as luxury goods and auto parts.