eBay said net revenues for the 3 months ended September 30, 2025 increased 9% to $2,820 million from $2,576 million in the same period of the prior year. The company cited higher GMV, increased penetration of first party advertising and the ramping of its U.K. managed shipping program as factors for the increase.

1. 01

   eBay said net revenues for the 3 months ended September 30, 2025 increased 9% to $2,820 million from $2,576 million in the same period of the prior year. The company cited higher GMV, increased penetration of first party advertising and the ramping of its U.K. managed shipping program as factors for the increase.

2. 02

   eBay said operating margin for Q3 2025 decreased to 20.4% from 23.1% in the same period of the prior year. The company cited higher non-recurring general and administrative expenses related to legal matters and restructuring. It said restructuring costs in Q3 were $28 million and legal accrual releases in Q3 2024 were $50 million.

3. 03

   eBay said cash provided by continuing operating activities for the 9 months ended September 30, 2025 decreased compared to the same period of the prior year, citing an increase in cash paid for income taxes of $604 million as the primary factor. During the same period, the company repurchased $1.9 billion of common stock and paid $400 million in cash dividends.

4. 04

   eBay said on October 22, 2025 it redeemed the $425 million aggregate principal amount of its previously outstanding 5.900% senior notes due November 2025 at a redemption price equal to 100% of the principal amount, and paid accrued and unpaid interest on the principal amount. As of September 30, 2025, the aggregate principal amount of fixed-rate senior notes outstanding was $6.2 billion.

Key figures

Quarter ended September 30, 2025

Revenue

$2.8B

Operating income

$576M

Net income

$632M

EPS

$1.35

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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