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Ebay Inc. (NASDAQ:EBAY) issued a statement Friday clarifying a recent comment made by President and Chief Executive Officer Jamie Iannone during a Fox Business interview. The company reported that on Thursday, Iannone stated Ebay had provided “gross merchandise volume (GMV) guidance of 4% - 6% for next year.” According to the filing, Iannone intended to refer to guidance for the next quarter, not the next year.
The company’s press release, filed with the Securities and Exchange Commission, noted that this correction aligns with Ebay’s previously issued guidance on Wednesday, which presented a Q4 2025 GMV growth range of 4% to 6%. Ebay stated that it is not affirming or updating its guidance with this filing, but is only correcting the earlier statement.
The information provided in the filing was furnished under Item 7.01 of Form 8-K and is not considered filed for purposes of Section 18 of the Securities Exchange Act of 1934. The company’s common stock is listed on the Nasdaq Global Select Market under the symbol EBAY.
This article is based on a statement contained in a press release filed with the SEC.
In other recent news, eBay reported strong third-quarter results, with revenue reaching $2.8 billion, surpassing market expectations. The company also achieved an 8% year-over-year growth in Gross Merchandise Volume (GMV), totaling $20 billion. This growth was largely driven by significant momentum in focus categories, such as collectibles, which saw a 15% increase compared to the previous year. Several analyst firms have responded to eBay’s performance by adjusting their stock price targets. Benchmark raised its target to $110, citing strong GMV growth, particularly in the U.S. market. Cantor Fitzgerald increased its target to $90, highlighting the company’s revenue and earnings per share exceeding estimates. BMO Capital set a new target of $107, emphasizing the solid growth in focus categories. Meanwhile, Piper Sandler raised its target to $102, noting the acceleration in GMV growth on a currency-neutral basis. Conversely, Stifel lowered its price target to $88 due to growth concerns, despite acknowledging eBay’s strong quarterly performance.
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