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eBay Inc (EBAY.O)

EBAY.O on Nasdaq

28.35USD
5 Dec 2016
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9,888,392
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Latest Key Developments (Source: Significant Developments)

Ebay reports quarterly GAAP earnings per share $0.38
Wednesday, 20 Jul 2016 04:16pm EDT 

eBay Inc : eBay Inc reports second quarter 2016 results . Q2 revenue $2.2 billion versus I/B/E/S view $2.17 billion . Board approves additional $2.5 billion stock repurchase authorization . Raises full year 2016 revenue and EPS guidance . Quarterly gross merchandise volume $20.9 billion versus $20 billion last year . Board approves additional $2.5 billion stock repurchase authorization . Says GAAP operating margin increased to 23.8 percent for Q2 of 2016, compared to 20.3 percent for same period last year . Says expects net revenue between $8.85 billion and $8.95 billion for 2016 . Says non-GAAP operating margin decreased to 29.1 percent in Q2 of 2016, compared to 32.1 percent for same period last year . Quarterly GAAP earnings per share $0.38 . Says expects net revenue between $2.16 billion and $2.19 billion for Q3 . Quarterly non-GAAP earnings per share $0.43 . Sees non-GAAP earnings per diluted share from continuing operations in range of $0.42 - $0.44 for Q3 . Says full year 2016, company expects net revenue between $8.85 billion and $8.95 billion . Sees Q3 GAAP earnings per diluted share from continuing operations in range of $0.35 - $0.37 . Expects Q3 net revenue between $2.16 billion and $2.19 billion . Q2 earnings per share view $0.42, revenue view $2.17 billion -- Thomson Reuters I/B/E/S . Q3 earnings per share view $0.44, revenue view $2.14 billion -- Thomson Reuters I/B/E/S.  Full Article

New York Yankees announce multi-year sponsorship agreement with Stubhub
Monday, 27 Jun 2016 11:53am EDT 

New York Yankees: Announce Multi-year sponsorship agreement with Stubhub . The new system will be fully integrated and operational by thursday, July 7 . New product will allow Stubhub to be completely integrated into the Yankees ticket system, replacing the Yankees Ticket Exchange . Financial terms of the agreement were not disclosed . Stubhub will receive full marketing, sponsorship benefits, including in-stadium signage, suite access, use of official team marks ((Bengaluru Newsroom +1 646 223 8780;)).  Full Article

New York Yankees are said to enter deal with StubHub for ticket reselling- Bloomberg
Monday, 27 Jun 2016 09:53am EDT 

: New York Yankees agree to 6 1/2-year, $100 mln deal with eBay subsidiary, StubHub for reselling Yankees tickets- Bloomberg, citing sources Source (http://bloom.bg/28ZbW3C) (Bengaluru Newsroom) (((+91 80 6749-1130; within U.S. +1 646 223 8780);)).  Full Article

Ebay announced an agreement to acquire Ticketbis
Tuesday, 24 May 2016 04:30am EDT 

Ebay Inc : Announced an agreement to acquire ticketbis . Terms of deal are not being disclosed . Acquisition of ticketbis is not expected to impact q2 2016 or full year 2016 guidance that ebay provided most recently .Stubhub to expand its global reach into 47 markets with the acquisition of ticketbis.  Full Article

Amazon.com Inc and eBay Inc to be held liable for VAT fraud by sellers - theguardian
Thursday, 17 Mar 2016 11:21am EDT 

eBay Inc:Amazon and eBay are to be held liable, in some cases, for VAT fraud committed by a growing army of overseas sellers using their websites and costing Britain hundreds of millions of pounds a year in lost tax receipts. - theguardian.The chancellor is giving tax inspectors new powers to warn high-risk overseas sellers active in the UK through eBay and Amazon.If, after those warnings, sellers do not correctly collect VAT within 30 days, eBay and Amazon can be held liable for the missing tax.The Treasury estimates this measure will recoup £875m in lost VAT receipts over the next four years, though it is not expected to halt tax fraud altogether.The total cost to the taxpayer of this abuse was officially estimated at £1bn to £1.5bn a year.The chancellor's crackdown comes four months after a Guardian investigation exposed widespread VAT fraud by sellers using the two websites.Last Christmas alone, the Guardian estimated that last Christmas alone that Treasury coffers lost tens of millions of pounds to VAT evasion as a growing number of non-EU sellers, including hundreds from China, dominated sales of popular gifts on Amazon and eBay.In Wednesday's budget speech , George Osborne acknowledged there had been a big rise in overseas suppliers storing goods in Britain and selling them online without paying VAT.  Full Article

eBay Inc prices $1.5 bln senior unsecured notes offering
Wednesday, 2 Mar 2016 05:39pm EST 

eBay Inc:Prices $1.5 billion senior unsecured notes offering.Senior unsecured notes consisting of $750 million of 2.500% notes due 2018.Senior unsecured notes consisting of $750 million of 3.800% notes due 2022.Says public offering price of the 2018 notes was 99.897% of the principal amount.Public offering price of the 2018 notes was 99.897% of the principal amount.Public offering price of the 2022 notes was 99.772% of the principal amount.  Full Article

eBay Inc gives Q1, FY 2016 guidance
Wednesday, 27 Jan 2016 04:01pm EST 

eBay Inc:Expects Q1 2016 net revenue between $2.05 billion and $2.10 billion, representing FX-Neutral growth of 3% - 5%.Expects Q1 2016 non-GAAP earnings per diluted share from continuing operations in the range of $0.43 - $0.45 and GAAP earnings per diluted share from continuing operations in the range of $0.37 - $0.39.Expects FY 2016 net revenue between $8.5 billion and $8.8 billion, representing FX-Neutral growth of 2% - 5%.Expects FY 2016 non-GAAP earnings per diluted share from continuing operations in the range of $1.82 - $1.87 and GAAP earnings per diluted share from continuing operations in the range of $1.55 - $1.60.  Full Article

Amazon.com Inc, eBay face crackdown in UK over VAT fraud by overseas sellers- the Guardian - Reuters
Tuesday, 22 Dec 2015 10:25am EST 

Amazon.com Inc:UK Treasury looking at ‘all possible options’ after claim that big online marketplaces collaborate with vendors over tax evasion on popular goods - RTRS.Top tax officials are exploring whether Amazon and eBay can be forced to foot the bill for ballooning VAT fraud associated with an army of small overseas sellers who are rapidly coming to dominate sales of many popular items on Britain’s leading shopping websites - RTRS.A Guardian investigation has found that hundreds of high-value gifts including Apple watches, iPads, Fitbits and Panasonic cameras are being sold on Amazon’s UK website without VAT being charged - RTRS.In recent months, record numbers of small overseas sellers have imported goods into Britain in advance of the Christmas rush, arranging for Amazon to dispatch the stock from its UK warehouses. - RTRS.Many of these VAT-free sellers give virtual office or residential addresses in China, Hong Kong and the US. Little is known about them by HM Revenue and Customs - RTRS.Last month, eBay said it would report a number of sellers on its site to HMRC after the Guardian showed it evidence of Chinese traders giving invalid VAT numbers as well as sharing, or cloning, numbers belonging to other businesses - RTRS.A Treasury spokesman told the House of Lords that HMRC had set up a taskforce to investigate VAT evasion by overseas internet sellers. Urgent meetings with senior figures at Amazon and eBay took place last month - RTRS.  Full Article

eBay Inc - EU lawmakers, countries agree on bloc's first cyber-security law - Reuters
Monday, 7 Dec 2015 01:54pm EST 

eBay Inc:EU lawmakers and member states struck a deal on the bloc's first cyber-security law on Monday that will require Internet firms such as Google GOOGL.O and Amazon AMZN.O to report serious breaches or face sanctions - RTRS.The deal, following five hours of negotiations between the European Parliament and EU governments, was reached in response to increasing worries about cyber attacks resulting in security and privacy breaches - RTRS.The European Commission's digital chief, Andrus Ansip, said the new law would build up consumers' trust in Internet services, especially cross-border services - RTRS."The Internet knows no border - a problem in one country can have a knock-on effect in the rest of Europe - RTRS.This is why we need EU-wide cyber-security solutions. This agreement is an important step in this direction," he said - RTRS.The new law, known as the Network and Information Security Directive, sets out security and reporting obligations for companies in critical sectors such as transport, energy, health and finance - RTRS.Web firms will be subject to less stringent obligations, than, say, airports or oil pipeline operators - RTRS.Under the measure, Internet companies such as Google, Amazon, eBay & Cisco, but not social networks like Facebook, will be required to report serious incidents to national authorities, which in turn will be able to impose sanctions on companies that fail to do so - RTRS.  Full Article

eBay Inc completes sale of ebay enterprise
Monday, 2 Nov 2015 05:10pm EST 

eBay Inc:Announced sale of eBay Enterprise to a consortium consisting of Sterling Partners, Longview Asset Management, and the Innotrac Corporation, a Sterling Partners portfolio company, together in partnership with companies owned by the Permira Funds for $925 million.  Full Article