Core Viewpoint - eBay is expected to report solid financial results for the fourth quarter of 2025, with anticipated revenue growth and stable earnings per share, reflecting a positive outlook for the company [1][2][4]. Financial Performance - eBay's projected revenue for the fourth quarter of 2025 is between $2.83 billion and $2.89 billion, indicating a year-over-year growth of 8-10% on a foreign exchange-neutral basis [2][6]. - The Zacks Consensus Estimate for these revenues is $2.88 billion, which represents an 11.64% increase from the previous year, aligning closely with Wall Street's projection of $2.87 billion [2]. - The company's diluted non-GAAP EPS is forecasted to be between $1.31 and $1.36, marking a year-over-year growth of 5% to 9%, with a consensus estimate of $1.36 [4]. Market Valuation - eBay's financial metrics indicate a solid market valuation, with a price-to-earnings (P/E) ratio of approximately 16.71 and a price-to-sales ratio of about 3.37 [5][6]. - The enterprise value to sales ratio is around 3.80, and the enterprise value to operating cash flow ratio is approximately 19.84, reflecting the company's financial health [5]. - eBay's debt-to-equity ratio is about 1.49, and its current ratio is around 0.92, indicating its financial leverage and ability to cover short-term liabilities [5]. Growth Drivers - The company projects its gross merchandise volume (GMV) to be between $20.5 billion and $20.9 billion, supported by marketplace enhancements and strategic partnerships [3]. - eBay expects mid-20% non-GAAP margins, reflecting increased costs and strategic investments, while anticipating steady revenue and GMV growth driven by stronger engagement [3].

Group 1 - The software trade, particularly in cybersecurity, is experiencing pressure, exemplified by Palo Alto Networks (PANW) shares falling by up to 6% after the company revised its full-year earnings outlook downward [1] - As of February 13, 74% of S&P 500 companies have reported their results, with blended earnings growth at 13.2%, indicating a strong performance overall [1] - If the current growth rate of 13.2% is maintained, it would mark the 10th consecutive quarter of annual earnings growth for the S&P 500 and the fifth consecutive quarter of double-digit growth [2] Group 2 - General Mills (GIS) shares declined following disappointing earnings, while eToro (ETOR) saw a stock increase of over 20% due to a strong quarterly performance [2] - Upcoming earnings reports from major companies such as Walmart (WMT), Deere & Co. (DE), Analog Devices (ADI), Booking Holdings (BKNG), DoorDash (DASH), and eBay (EBAY) will be closely monitored by investors [3]

Core Insights - eBay Inc. is set to release its fourth-quarter earnings on February 18, with analysts predicting earnings of $1.35 per share, an increase from $1.25 per share in the same quarter last year [1] - The expected quarterly revenue for eBay is $2.87 billion, up from $2.58 billion reported in the previous year [1] Analyst Ratings - UBS analyst Stephen Ju has maintained a Neutral rating on eBay and has lowered the price target from $95 to $93 [2] Dividend Information - eBay currently has an annual dividend yield of 1.45%, translating to a quarterly dividend of 29 cents per share, or $1.16 annually [2] - To generate $500 monthly from dividends, an investment of approximately $413,501 or around 5,172 shares is required, while $100 monthly would need about $82,668 or 1,034 shares [2] Dividend Yield Calculation - The dividend yield is calculated by dividing the annual dividend payment by the stock's current price, which can fluctuate based on stock price changes [3] - Changes in dividend payments also affect the yield; an increase in dividends raises the yield if the stock price remains constant [4] Stock Performance - eBay's shares fell by 3% to close at $79.95 on Tuesday [4]

Core Insights - eBay Inc. is set to release its fourth-quarter earnings on February 18, with analysts predicting earnings of $1.35 per share, an increase from $1.25 per share in the same quarter last year [1] - The expected quarterly revenue for eBay is $2.87 billion, up from $2.58 billion reported in the previous year [1] Analyst Ratings - UBS analyst Stephen Ju has maintained a Neutral rating on eBay and has lowered the price target from $95 to $93 [2] Dividend Information - eBay currently has an annual dividend yield of 1.45%, translating to a quarterly dividend of 29 cents per share, or $1.16 annually [2] - To generate $500 monthly from dividends, an investment of approximately $413,501 or around 5,172 shares is required, while $100 monthly would need about $82,668 or 1,034 shares [2] Dividend Yield Calculation - The dividend yield is calculated by dividing the annual dividend payment by the stock's current price, which can fluctuate based on stock price changes [3] - Changes in dividend payments also affect the yield; an increase in dividends raises the yield if the stock price remains constant, while a decrease lowers it [4] Stock Performance - eBay's shares fell by 3% to close at $79.95 on Tuesday [4]

Key Takeaways eBay is set to report Q4 2025 results with revenues guided to $2.83-$2.89B.EBAY expects GMV of $20.5-$20.9B, aided by marketplace upgrades and key partnerships.eBay sees mid-20% non-GAAP margins, reflecting higher costs and strategic investments.eBay (EBAY) is scheduled to report its fourth-quarter 2025 results on Feb. 18, 2026.For the fourth quarter, eBay expects total revenues between $2.83 billion and $2.89 billion. On an FX-neutral basis, year-over-year revenue growth is anticipated to be ...

Core Insights - eBay is transitioning from a traditional marketplace to a high-margin advertising platform, indicating a shift in its business model and market perception [1][7] - The upcoming quarterly results are expected to show earnings per share of approximately $1.35 and revenue around $2.87 billion, reflecting continued growth despite economic challenges [2][3] Financial Performance - In the most recent quarter, eBay's revenue increased by about 9% year over year, while gross merchandise volume (GMV) rose by 8%, demonstrating resilience in its marketplace operations [3] - Advertising revenue reached $525 million in the third quarter, accounting for 2.6% of GMV, highlighting the rapid growth of eBay's advertising business [5] Business Model Evolution - eBay's advertising segment is growing faster than its core business, which enhances the quality of its earnings as it does not rely on inventory or shipping [5][7] - The company is evolving into a monetization platform that leverages AI-driven tools and promoted listings to maximize transaction value [7] Investment Considerations - The stock is viewed as a long-term investment opportunity rather than a short-term trade, with consistent share buybacks and dividends contributing to its appeal as a cash-generating platform [8] - Potential investors are advised to consider buying eBay only if they are prepared to hold for years, focusing on the long-term impact of its advertising and platform shift [10]

Group 1 - The fourth quarter earnings season is nearing completion, with 74% of S&P 500 companies having reported results, showing a blended earnings growth of 13.2%, which would mark the 10th consecutive quarter of annual earnings growth and the fifth consecutive quarter of double-digit growth [1] - Analysts had initially expected an 8.3% increase in earnings per share, a decrease from the previous quarter's 13.6% growth rate, but Wall Street has raised expectations, particularly for tech companies, which have been significant contributors to earnings growth [2] - Companies that missed earnings estimates have experienced an average stock decline of 2% during this earnings period, which is an improvement compared to the 2.8% decline seen over the past five years for similar misses [3] Group 2 - Major capital expenditures by Big Tech companies are influencing the AI trade, with ongoing themes such as artificial intelligence, economic policies from the Trump administration, and a K-shaped consumer economy continuing to provide investment opportunities [4] - Upcoming earnings reports from notable companies such as Walmart, Deere & Co., Analog Devices, Booking Holdings, DoorDash, and eBay are anticipated, which will further inform market trends and investor sentiment [4]

Core Insights - Lindsell Train Ltd reported an equity portfolio valued at approximately $4.1–4.2 billion, maintaining a focus on a limited number of dominant consumer, media, and financial franchises [1][10] - The portfolio is highly concentrated, with the top 10 holdings accounting for over 90% of total assets, reflecting a belief in long-term brand power and cash generation [2][10] Portfolio Overview - Total Portfolio Value: ~$4.1–4.2 billion [2] - Top 10 Holdings: - TKO Group Holdings: ~$597 million (14.6%) - Alphabet (Class A): ~$543 million (13.3%) - Walt Disney: ~$427 million (10.5%) - Intuit: ~$418 million (10.3%) - Thermo Fisher Scientific: ~$397 million (9.7%) - Fair Isaac: ~$334 million (8.2%) - Mondelez International: ~$314 million (7.7%) - PepsiCo: ~$309 million (7.6%) - PayPal: ~$301 million (7.4%) - eBay: ~$223 million (5.5%) [2] Changes in Holdings - Notable Add: Alphabet (Class A) saw an increase of ~206,000 shares (+10.1% QoQ), reinforcing its role as a core long-term investment [3] - Major Trims: - TKO Group Holdings reduced by ~219,000 shares (-6.9% QoQ) - Walt Disney trimmed by ~361,000 shares (-8.8% QoQ) - Intuit reduced by ~54,000 shares (-8.1% QoQ) - Mondelez International trimmed by ~681,000 shares (-11.9% QoQ) - PepsiCo reduced by ~226,000 shares (-9.3% QoQ) - eBay reduced by ~830,000 shares (-25.3% QoQ) [8] Investment Strategy - The portfolio reflects a quality growth style focused on brand and intellectual property-led businesses, with a very long-term holding period and low turnover [9][10] - The strategy emphasizes disciplined capital allocation and patient ownership of high-return businesses, with modest rebalancing to enhance long-term compounding [11]

Core Insights - Retail marketplaces like Amazon and eBay are facing challenges from artificial intelligence shopping robots that are designed for human interaction [1][3] - The evolution of consumer shopping agents is expected to transition from product research to fully autonomous transactions, potentially disrupting traditional e-commerce models [2][3] Group 1: Market Dynamics - Merchants pay fees for access to large consumer bases and various services, including shipping and marketing [2] - The introduction of large language models (LLMs) in agentic commerce could lead to a scenario where consumers interact directly with these models, bypassing traditional marketplaces [3] Group 2: Company Responses - eBay has updated its user agreement to prohibit the use of agentic commerce tools without permission, aiming to maintain a predictable and safe interaction environment [4][5] - This update is intended to protect buyers and sellers while ensuring a reliable experience on the platform [5] Group 3: Risks and Concerns - The rise of agentic commerce presents a dual threat: potential erosion of customer relationships and increased fraud risk if payment decisions are outsourced to external systems [6][7] - Companies may lose brand exposure and customer loyalty when transactions occur within AI interfaces, impacting customer lifetime value [7]

PayPal is now worth less than eBay.For the first time since the companies split in 2015, the former subsidiary has a smaller market value than its old parent. Read more: https://t.co/DDdYRc6G02 (Photo: Sean Gallup via Getty Images) https://t.co/pUuyPu2lMb ...