
Etsy reported strong third-quarter results, with revenue reaching $662.4 million, surpassing estimates of $652.5 million. The company's adjusted earnings per share (EPS) came in at $0.50, slightly below expectations of $0.53. Despite the EPS miss, Etsy saw a 4.1% year-over-year revenue growth, driven by increased marketplace and services revenue. The company also announced a $1 billion share buyback program, which boosted investor confidence, leading to a 13% rise in its stock price after hours. Etsy's gross merchandise sales (GMS) for the quarter were $2.9 billion, with a year-over-year decline of 4.1%. In contrast, eBay's stock plummeted by 21% after the company issued a weaker-than-expected revenue outlook for the fourth quarter. Although eBay's Q3 earnings beat estimates, with revenue of $2.6 billion versus the expected $2.545 billion and an adjusted EPS of $1.19 against the expected $1.18, the disappointing holiday season sales projection led to a significant drop in its share price. eBay's Q4 EPS guidance was set between $1.17 and $1.22.







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eBay $EBAY has released its quarterly earnings. Revenue of $2.58B (+3.04% YoY) beats by $31M. EPS of $1.19 (+15.53% YoY) beats by $0.01.
๐บ๐ธ EBayโs sales outlook comes in weaker, and stock falls more than 8% https://t.co/seyrS9RcnX