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Solid Q2 beat and raised guidance typically drives near-term price support; close of Depop adds an additional growth lever, especially in fashion/trading-card segments, potentially re-rating multiple expansion if synergy benefits materialize.
What happened, with direct paths to the underlying reporting
eBay reported Q2 revenue of $3.13B and GMV of $22.4B, both up 15% YoY and ahead of estimates, with EPS of $1.60. The Depop acquisition closed on July 30, 2026, underpinning stronger growth; management lifted the full-year outlook. AI-driven card-scanning and Live marketplace momentum are positioning eBay for continued expansion into fashion and collectibles.
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