EBAY INC

eBay Inc. reported strong financial results for the second quarter of 2026, with net revenues increasing to $3.13 billion and diluted EPS rising to $1.21. The company also announced the completion of its acquisition of Depop Limited for $1.4 billion in cash. Additionally, eBay early adopted a new accounting standard (ASU 2025-06) which retrospectively adjusted prior period financials, primarily affecting product development costs.

eBay Inc. reported strong second-quarter 2026 financial results, with revenue increasing 15% to $3.1 billion and Non-GAAP diluted EPS rising 17% to $1.60. Gross Merchandise Volume also saw a 15% increase, reaching $22.4 billion. The company completed its acquisition of Depop for $1.4 billion and increased its full-year top- and bottom-line outlook, reflecting continued momentum and strategic execution.

eBay Inc. announced that its Board of Directors has rejected an unsolicited, non-binding acquisition proposal from GameStop Corp. The Board, with the support of its financial and legal advisors, concluded that the proposal was "neither credible nor attractive," citing concerns over financing uncertainty, impact on long-term growth, and operational risks. The filing also included a highly confident letter from TD Securities (USA) LLC, dated May 1, 2026, indicating the potential for up to $20.0 billion in debt financing for GameStop's contemplated transaction.

eBay Inc. confirmed it received an unsolicited, non-binding acquisition proposal from GameStop Corp. The company stated it had no prior discussions with GameStop. eBay's Board of Directors, in consultation with financial and legal advisors, will carefully review the proposal to determine the best interests of the company and its shareholders. Shareholders are advised to take no action at this time, as the Board focuses on the value to be delivered and GameStop's ability to provide a binding proposal.

eBay Inc. announced its 2026 Annual Meeting of Stockholders will be held virtually on June 17, 2026, at 8:00 a.m. Pacific Time. Stockholders will vote on the election of 11 director nominees, the ratification of PricewaterhouseCoopers LLP as independent auditors, and an advisory vote on executive compensation. The Board also announced the appointment of Brian Sharples as a new director, effective March 20, 2026, while Logan Green will not seek re-election.

eBay Inc. announced a definitive agreement to acquire Depop, a leading consumer-to-consumer fashion marketplace, for approximately $1.2 billion in cash, with the transaction expected to close by Q3 2026. For the three months ended March 31, 2026, the company reported net revenues of $3.09 billion, a 19.5% increase year-over-year, and net income of $512 million, up 2.6%. Diluted EPS rose to $1.12 from $1.05. The company also early adopted ASU 2025-06, impacting the capitalization of internal-use software costs.