eBay said net revenues for the 3 months ended June 30, 2025 were $2,730 million, up 6% from $2,572 million in the same period of the prior year. The company cited higher GMV and expansion of promoted listings products as factors, partially offset by changes to fee structure in certain markets.

1. 01

   eBay said net revenues for the 3 months ended June 30, 2025 were $2,730 million, up 6% from $2,572 million in the same period of the prior year. The company cited higher GMV and expansion of promoted listings products as factors, partially offset by changes to fee structure in certain markets.

2. 02

   Operating margin for Q2 2025 was 17.7%, down from 21.3% in the same period of the prior year, eBay said. The company cited higher non-recurring general and administrative expenses related to legal matters, senior leader transitions and restructuring as factors.

3. 03

   eBay said cash used in continuing operating activities for Q2 2025 was $307 million, compared to cash provided by continuing operating activities of $367 million in the same period of the prior year. During the same quarter, the company repurchased $625 million of common stock, paid $134 million in cash dividends and received $225 million in a cash distribution related to its equity investment in Aurelia.

4. 04

   Cash provided by continuing operating activities for the 6 months ended June 30, 2025 was $480 million, compared to $982 million in the same period of the prior year, eBay said, citing a $682 million increase in cash paid for taxes as a primary factor. During the same period, financing activities included $1.2 billion to repurchase common stock, $818 million to repay commercial paper and $800 million aggregate principal amount of senior notes at 1.900%.

Key figures

Quarter ended June 30, 2025

Revenue

$2.7B

Operating income

$484M

Net income

$368M

EPS

$0.79

Gross profit

$2.0B

Analysis scope · Management's discussion (MD&A)We analyzed the Management's Discussion and Analysis (MD&A) section. Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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