9/21/2023 0 Comments Ebay stock price![]() ![]() The company has guided for GMV of $17.8-18.2 billion, which represents a decline of 2-5% on an organic FX-neutral basis. This pressure on GMV is expected to continue in the second quarter. In Q1, GMV was down 5% on a reported basis and 2% on an FX-neutral basis to $18.4 billion. This acquisition is expected to help eBay protect customers from counterfeits, which will be a huge advantage. It also provides access to reliable product information and helps confirm authenticity. Certilogo uses digital technology to help brands and designers manage the lifecycle of their garments. Total advertising revenue grew 23% to $317 million.Įarlier this month, eBay acquired Certilogo, a provider of AI-powered apparel and fashion goods digital IDs and authentication. In Q1, strong demand for Promoted Listings drove a 31% YoY growth in first-party advertising revenue. The company’s advertising business also appears to be healthy. In Q1, eBay saw double-digit growth in its Refurbished gross merchandise volume (GMV). The company’s efforts in bringing on more small business sellers to its Refurbished program is also likely to prove beneficial. In a tough economic environment, these goods tend to have more demand among cash-strapped customers than new goods. Other fees such as trading (non-commission) fees. Points to noteĮBay’s strategy of focusing on used and refurbished goods on its platform could continue to pay off. View the real-time EBAY price chart on Robinhood and decide if you want to buy or sell commission-free. In Q1, adjusted EPS rose 5% YoY to $1.11. Analysts are projecting EPS of $0.99 for Q2, which is unchanged from the year-ago period. ![]() EarningsĮBay guided for GAAP EPS to range between $0.65-0.70 and adjusted EPS to range between $0.96-1.01 in Q2 2023. In Q1 2023, revenue rose 1% on a reported basis and 3% on an FX-neutral basis to $2.5 billion. Analysts are estimating revenue of $2.51 billion, which would reflect a YoY growth of 3.5%. Here’s a look at what to expect from the earnings report: RevenueĮBay has guided for revenues of $2.47-2.54 billion for Q2 2023, which reflects an organic FX-neutral year-over-year growth of 1-4%. The e-commerce company is slated to report its second quarter 2023 earnings results on Wednesday, July 26, after market close. (NASDAQ: EBAY) were up slightly during mid-day hours on Monday. It’s going to be an interesting new journey for PayPal.Shares of eBay Inc. It can also acquire companies using PayPal stock and more. Moreover, PayPal’s executives can now issue bonds without going through eBay. Now that PayPal is no longer just an eBay subsidiary, shareholders clearly demonstrate that they want to hold shares in PayPal, not eBay. Today’s split is great news for the payment company, as it will give it more freedom to raise additional capital and acquire other companies. It faces competition from local giants, such as Alibaba’s Alipay, and newcomers, such as Stripe. It’s a full-fledged finance heavyweight, ready to report quarterly earnings again. In other words, PayPal is no longer the shiny new fintech startup. It now has 169 million consumers in 200 countries. Until now, PayPal has managed more than 18 billion transactions and over $1 trillion. The same company is now worth 33 times its last public valuation. Shares are still up 4.74 percent even with this small market correction.Īs a reminder, shortly after PayPal’s first IPO, the company was acquired by eBay in July 2002 for $1.5 billion. ![]() billion deal valuation is based on eBays average closing stock price over the period. PayPal shares are now trading at $40.21 minutes after NASDAQ’s opening bell. The stock-swap transaction was valued at 1.5 billion when it was. With shares trading at $41.63, it values the company at $50.8 billion, above eBay’s current intraday valuation of $34.5 billion. On its first day of trading, shares opened at $41.63, 8.3 percent above Friday’s last temporary closing price before its public introduction. ![]() After a short period of trading on a “when issued” basis, PayPal is now officially an independent company. Everybody expected PayPal ( NASDAQ:PYPL) to be worth more than eBay following its split with its parent company ( NASDAQ:EBAY), but not that much. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |