EBay forecasts upbeat quarterly revenue as high-value categories drive momentum

EBay anticipates a boost in third-quarter revenue as it targets high-value categories like authenticated luxury goods, collectibles, and refurbished products. These focus areas have driven a 20% growth in consumer-to-consumer and re-commerce sales, representing 70% of gross merchandise volume. The company's recent acquisition of fashion resale platform Depop is also contributing to its expansion among younger consumers and its position in the re-commerce market.

EBay's third-quarter revenue is forecasted to be between $3.07 billion and $3.12 billion, surpassing analysts' estimate of $2.97 billion. The company's shares, up over 25% this year, are trading 1% higher after the bell.