eBay’s Q3 results - Wall st. pukes on Q4 - What will Amazon bring tomorrow?
eBay's results are out and the stock is down 5% or so in after hours trade. Q3 looked like a good solid 'meet/beat' Q, so let's dig in and see what's up.
Q3 - the turnaround in marketplaces seems to be working.
The metrics we watch most closely showed continued positive trends in Q3.
- Y/Y GMV (ex-autos) grew 10% compared to a trend that was as low as -16% in Q1
- Fixed price GMV is now 56% of GMV - up from 51% last Q
