san jose collage
San Jose
Serving San Jose, California (Santa Clara County)Vol. 1, No. 8
Business

eBay's sales rise 14% as AI listing tools and live shopping grow

The San Jose company reported $3.2 billion in third-quarter revenue and expects slower growth in the last three months of the year.

eBay Inc., the online marketplace based in San Jose, said Wednesday, Oct. 28, that its revenue rose 14% from a year earlier to $3.2 billion in its third quarter, which ended Sept. 30.

The total value of goods sold on its sites, which the company calls gross merchandise volume, grew 15% to $23.2 billion. Profit under standard accounting rules was $1.11 per share.

Chief Executive Jamie Iannone credited growth in "recommerce," the resale of used goods. The company said it expanded an AI-powered tool, Magical Listing, that drafts listings for sellers, to all new and returning sellers in six countries, including the U.S. It also said eBay Live, its live video shopping service, had another record quarter and now uses AI to screen chat, audio and video.

eBay expects revenue of $3.19 billion to $3.24 billion in the fourth quarter, growth of 7% to 9% not counting currency swings. It returned $827 million to shareholders in the quarter through stock buybacks and dividends, and declared a 31-cent dividend payable Dec. 18. The results include Depop, a clothing resale app eBay bought from Etsy for $1.4 billion in July.

Source: eBay Inc., "eBay Inc. Reports Third Quarter 2026 Results," Oct. 28, 2026.

Drafted by AI from the linked public source. Approved by a Daily News Editor.

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