US Stock Market Move | Performance in Q4 exceeded expectations but sales outlook is dim. eBay (EBAY.US) fell more than 9% in pre-market trading.
On Thursday, eBay (EBAY.US) fell more than 9% in pre-market trading, closing at $62.80.
On Thursday, eBay (EBAY.US) fell more than 9% in premarket trading, reaching $62.80. In terms of news, the company reported Q4 revenue of $26 billion and earnings per share of $1.25, both exceeding market expectations. In the fourth quarter, eBay's Gross Merchandise Volume (GMV) increased by 4% to $193 billion, surpassing the market's expected $191 billion. By the end of 2024, eBay's active buyer count reached 134 million, also surpassing market expectations. However, the strong holiday season performance was overshadowed by a bleak outlook. eBay predicts that current quarter revenue will be lower than analysts' expectations, with CEO Jamie Iannone attributing this to weak demand in Germany and the UK.
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