EBay beats quarterly revenue estimates

Published by
Reuters

(Reuters) -EBay Inc on Wednesday exceeded market estimates for quarterly revenue as customers used its auction and e-commerce platform to shop online during the COVID-19 pandemic. Revenue rose to $2.50 billion in the third quarter from $2.26 billion, beating analysts’ average estimate of $2.46 billion, according to Refinitiv data. The company has doubled down on its core auction and e-commerce business in recent years through deals in a bid to fend off rising competition from industry behemoth Amazon.com Inc and upstarts such as Etsy Inc. It forecast fourth-quarter revenue to grow in a range o…

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