EBay Inc. is bracing for its first quarterly revenue decline in four years, as the online marketplace works through a strategic review that prompted a leadership shake-up and could reshape its overall business. EBay, which also owns ticketing business StubHub and has a classified-advertising business, has spent much of 2019 in an operations review after a clash with some investors over the company’s strategic focus. Overall, eBay’s quarterly profit dropped to $310 million, or 37 cents a share. In the current quarter, eBay expects revenue to fall to a range of $2.77 billion to $2.82 billion, which would be the first year-over-year quarterly decline since eBay spun out payments company PayPal Holdings Inc. in 2015. EBay on Wednesday tempered its full-year outlook for revenue and profit.

Source: Wall Street Journal October 23, 2019 21:13 UTC