eBay Reports Strong Q3 Results and Forecasts $23.7B-$24.1B Q4 GMV Amid Workforce Reduction
eBay (EBAY) reported third-quarter financial results that exceeded consensus expectations, driven by a 13% increase in Gross Merchandise Volume (GMV). CEO Jamie Iannone noted that the company's key financial measures reached the high end of their previous guidance ranges. Looking ahead to the fourth quarter, eBay provided a GMV forecast between $23.7 billion and $24.1 billion. As part of its ongoing operational adjustments, the company also announced plans to reduce its workforce by approximately 9%.
Tickers: $EBAY
Topics: earnings report financial guidance gross merchandise volume