IANNONE JAMIE sold $2.4M of EBAY

GameStop, led by Ryan Cohen, filed an updated Schedule 13D showing it has direct ownership of 25,000 eBay (EBAY) shares and derivative exposure to over 34.5 million more shares, totaling about 7.78% of eBay’s outstanding common stock, up from 6.55% on May 20. GameStop paid about $1.59 million in net premiums for added exposure. eBay previously rejected a proposed $56 billion deal.

eBay forecast third-quarter revenue of $3.07–$3.12 billion, above the $2.97 billion average analyst estimate cited by Reuters via LSEG. In Q2, revenue rose to $3.13 billion versus $3.02 billion expected, and GMV increased 15% to $22.4 billion. eBay said it is prioritizing categories like collectibles, auto parts, refurbished electronics, and authenticated luxury goods.

The FTSE 100 ended Thursday down 20 points at 10,867. UK regulators approved Paramount Skydance’s planned acquisition of Warner Bros Discovery, with the CMA saying no realistic prospect of substantially reducing competition. In company news, Diageo shares rose after results and a strategy update, targeting flat organic sales in FY2027, low to mid-digit adjusted operating profit growth, and about $8bn cumulative free cash flow 2027-2029.

eBay forecast third-quarter revenue of US$3.07 billion to US$3.12 billion, above analysts’ US$2.97 billion estimate, citing growth in authenticated luxury, collectibles and refurbished categories. The company reported Q2 revenue up 15% to US$3.13 billion and GMV up 15% to US$22.4 billion. eBay’s Depop acquisition added GMV growth and supports 11% to 12% annual revenue growth (FX-neutral).

eBay (EBAY) reported Q2 adjusted EPS of $1.60, above the $1.51 estimate, and revenue of $3.1 billion, above $3.02 billion. Gross merchandise volume rose to $22.4 billion. eBay said it paid $1.4 billion for Depop, $200 million more than earlier, and guided Q3 adjusted EPS to $1.36-$1.42, below expectations.

eBay reported Q2 revenue of $3.13 billion, up 15% year over year, and GMV of $22.4 billion, up 15%, both above expectations, according to the company. eBay raised its full-year GMV growth outlook to 11.5% to 12.5%. The article also cites category expansion, Authenticity Guarantee growth, AI listing tools, and eBay’s Depop acquisition completed July 30.