Revenue rose 15% and net income climbed 51% as the marketplace raised full-year guidance, completed its $1.4 billion Depop deal and pushed AI tools for mostly amateur sellers.
eBay reported second-quarter results ahead of Wall Street expectations, with adjusted earnings of $1.60 per share on $3.1 billion in revenue, gross merchandise volume up 15% to $22.4 billion and net income rising 51% to $552 million, prompting the company to raise its full-year outlook even as its third-quarter profit outlook was lighter than analysts expected. The company has also moved to block autonomous AI shopping agents from its marketplace while expanding seller-facing AI tools such as a "magical" listing feature that uses images to help describe, price and ship items; Jamie Iannone said U.S. users of the tool generate 50% more listings per lister, and he said eBay has authenticated more than 15 million items without a counterfeit slipping through to his knowledge. The strategy sits alongside a deeper focus on used and refurbished, or "non-new-in-season," goods, the completion of eBay's $1.4 billion Depop acquisition, up from the $1.2 billion announced in February, and the closing of a $50 million litigation chapter tied to former CEO Devin Wenig.