Shares of eBay Inc. (NASDAQ: EBAY) stayed inexperienced throughout afternoon commerce on Friday. The inventory has gained 34% over the previous three months. The ecommerce firm delivered sturdy outcomes for the second quarter of 2025 because it remained resilient in opposition to an unsure macroeconomic backdrop. This efficiency was pushed largely partially by momentum in its focus classes.
Main development engine
As talked about on its quarterly convention name, focus classes proceed to be a big development engine for eBay. In Q2 2025, focus class gross merchandise quantity (GMV) grew by over 10%, with broad-based development throughout all particular person focus classes in comparison with the year-ago interval.
The collectibles class was the most important contributor to this development, led by momentum in collectible card video games and sports activities buying and selling playing cards. Pokemon playing cards have seen an increase in recognition because of renewed curiosity from collectors and a powerful slate of product releases, resulting in triple-digit development in GMV. The corporate continues to see sturdy development in all its main buying and selling card subcategories.
The momentum in collectibles was additionally helped by eBay’s strategic initiatives, which embrace grading options, bulk promoting capabilities, and increasing its stock and choices for collectors. Motors Components and Equipment, and luxurious and apparel-focused classes additionally contributed meaningfully to GMV development within the second quarter.
Outcomes led by resilience
In Q2 2025, eBay reported development in income, GMV and earnings, pushed by its strategic initiatives. The quarterly efficiency was additionally helped by improved shopper demand within the US in addition to a extra subdued impression from tariffs than anticipated.
Internet revenues elevated 6% year-over-year to $2.7 billion on each a reported and FX-neutral foundation. GMV grew 4% on an FX-neutral foundation to $19.5 billion. Adjusted earnings per share rose 16% to $1.37.
Outlook
eBay continues to see favorable shopper traits within the US even in a dynamic atmosphere. For the third quarter of 2025, the corporate expects to see 3-5% YoY development in each income and GMV on an FX-neutral foundation. Income is forecast to vary between $2.69-2.74 billion whereas GMV is anticipated to vary between $19.2-19.6 billion. Adjusted EPS is anticipated to be $1.29-1.34.
EBAY expects the energy in focus classes to proceed by means of the rest of the yr. For the complete yr of 2025, it anticipates GMV to return in barely above the beforehand anticipated vary of low-single-digit FX-neutral development.
In the meantime, the corporate expects GMV to be impacted by a few components similar to robust YoY comparisons as a result of a powerful vacation season and a few potential moderation in buying and selling playing cards development throughout the fourth quarter, lapping an acceleration in UK C2C quantity, and impacts from tariffs and new commerce insurance policies. EBAY forecasts income development to be modestly increased than GMV for the complete yr on an FX-neutral foundation.
