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EBay Stock Slumps as Earnings Outlook Disappoints. Europe Is the Worry Spot.

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The CEO said the online marketplace saw 'a little bit of softening' in September and October, particularly in the U.K. and Germany.

EBay shares are losing ground in late trading after the online e-commerce marketplace provided disappointing forecasts for the December holiday quarter, citing signs of weakness in its European business.

“Overall it was another quarter of strong delivery,” CEO Jamie Iannone said in an interview with Barron’s. “We’re seeing some nice resilience in our business, and we’re making some great innovations.” At the same time, he said, the company is seeing substantial growth for eBay Live. The company’s live-events platform had 1,000 events over the last quarter, up four times from the June quarter. And he said eBay’s first-party ad platform continues to grow robustly, with $345 million in revenue in the quarter, up 39%.

 

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