:

EBAY BEATS Q1 ESTIMATES, RAISES Q2 OUTLOOK

INDUSTRY DESK1 MIN READ
THU, APR 30, 2026

■ AI-SUMMARIZED FROM 2 SOURCES ▸ TIMELINE

eBay reported first-quarter revenue of $3.09 billion, exceeding analyst expectations of $3.04 billion, while gross merchandise volume climbed 18% year-over-year to $22.2 billion.

The e-commerce platform posted net income of $512 million, up 2% from the prior year, or $1.12 per share. Revenue grew 19% annually, driven by higher transaction volumes across its marketplace. eBay's guidance for the second quarter also exceeded Wall Street estimates, signaling continued momentum heading into the summer months. The company has benefited from sustained consumer demand for online shopping and its focus on expanding seller tools and buyer protections. Gross merchandise volume—the total value of goods sold on the platform—represents a key metric for eBay's health. The 18% increase reflects strong activity among both new and existing sellers navigating the competitive online retail landscape. The results suggest eBay's turnaround efforts under recent leadership are gaining traction after years of competition from Amazon and other platforms.

■ SOURCES

TechmemeTechmeme

■ SUMMARY WRITTEN BY AI FROM THE LINKS ABOVE

■ MORE FROM THE BUSINESS DESK

California Gov. Gavin Newsom is blending tech-friendly policies with economic populism by proposing that Americans receive equity shares in AI companies. The proposal signals a strategic shift as he prepares for a likely presidential run.

1H AGOAI Desk

Uber and Lyft drivers in Massachusetts have established the first unionized ride-share workforce in the United States, marking a significant shift in labor organizing within the gig economy sector.

1H AGOIndustry Desk

India announced 1.28 trillion rupees ($13.3 billion) in additional funding to expand its semiconductor production capacity. The investment builds on a $10 billion incentive program launched in 2021 that successfully attracted major manufacturers including Micron.

3H AGOIndustry Desk

New York became the first state to issue a moratorium on new hyperscale data centers, responding to growing concerns about energy consumption and infrastructure strain from the proliferation of these facilities.

3H AGOIndustry Desk

■ SUBSCRIBE TO THE DAILY BRIEF

ONE EMAIL, 5 STORIES, 06:00 UTC. UNSUBSCRIBE ANYTIME.