- EBAY expects Q4 revenue of $4.5B-$4.6B and EPS of $0.79-$0.81, below a consensus of $4.64B and $0.83. In a quote talking up eBay's Q3 numbers, CEO John Donahoe calls the macro environment "fairly lackluster." Back in July, European and Korean macro issues were blamed for eBay's below-consensus Q3 guidance.
- Payments division (PayPal) growth remained strong in Q3: sales +19% Y/Y (to $1.62B) vs. +20% in Q2. Payment volume +25% (to $43.8B) vs. +24%, active accounts rose by 5M Q/Q to 137M (+17% Y/Y). Merchant services (non-eBay) transaction volume +30% Y/Y.
- Marketplaces revenue +12% Y/Y (to $2.03B) vs. +10% in Q2; mobile provided a lift. GMV (exc. vehicles) +13%, even with Q2. U.S. GMV +15% vs. +16%, international +12% vs. +11%. Total listings topped 500M. Active users rose by 3.9M vs. 3.5M in Q2, +14% Y/Y and reaching 124M.
- EBAY -4.2% AH. AMZN -1.2% in sympathy. CC at 5PM ET.
- Q3 results, PR