The e-commerce platform expects to record Q4 sales of $2.5 billion, below the expected $2.6 billion.
For the full-year, the company sees net revenue at $10.05 billion, while analysts were looking for $10.15 billion. Adjusted earnings per share are expected to come in the range of $4.17 - $4.22, above the consensus of $4.17.
"In Q3, we met or exceeded expectations across all of our key financial metrics," said Steve Priest, Chief Financial Officer at eBay. "Our strong balance sheet and operational rigor enable us to adapt to the evolving changes in this dynamic macro environment.”
For the third quarter, eBay reported adjusted EPS of $1.03, which was just above the Street at $1.00. Net revenue rose 5% year-over-year to $2.5 billion, in line with estimates.
Gross merchandise volume (GMV) jumped 1.6% YoY to $18 billion, ahead of the expected $17.8 billion. This is despite a 0.7% contraction in U.S. GMV as this was offset by International GMV that rose 3.7% annually.
The company said the number of active buyers fell 2.2% YoY to 132 million.
Jamie Iannone, Chief Executive Officer at eBay, added "The strategic investments in our marketplace and the team's strong execution are driving increased customer satisfaction, especially in focus categories. In the face of macroeconomic uncertainty, we continue to make meaningful progress against our ambitious vision to reinvent the future of ecommerce for enthusiasts."