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eBay Inc. is a global commerce leader that operates one of the world's largest and most vibrant marketplaces, connecting millions of buyers and sellers across more than 190 markets worldwide . The company's business activities are centered around its Marketplace platforms, which include its online marketplace at www.ebay.com, localized counterparts, off-platform businesses in Japan and the United States, and a suite of mobile apps . eBay's revenue is primarily generated through fees collected on paid sales, including final value fees, feature fees, fees to promote listings, payment services fees, listing fees, and store subscription fees from sellers . Additionally, eBay earns revenue from first-party advertising products, which have been a significant focus for growth .
- Marketplace Platforms - Operates a global online marketplace at www.ebay.com, along with localized counterparts and off-platform businesses in Japan and the United States, facilitating transactions between buyers and sellers.
- Promoted Listings - Offers advertising products such as Promoted Listings Standard, Promoted Listings Express, Promoted Listings Advanced, and External Promoted Listings to enhance visibility and drive growth in Gross Merchandise Volume (GMV).
- First-Party Advertising Products - Generates revenue through advertising initiatives designed to enhance the marketplace experience and promote listings.
- Mobile Apps - Provides a suite of mobile applications to facilitate easy access to the marketplace for users on the go.
- Category Focus - Leverages technology to improve the marketplace experience in specific categories, including parts & accessories, collectibles, fashion, electronics, and home & garden.
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Despite positive GMV growth of only 1% in Q2 2024, how does the company plan to accelerate top-line growth in a challenging macro environment, and what specific strategies are in place to drive higher GMV growth beyond focused categories?
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Active buyers have been relatively flat at 132 million, and enthusiast buyers have remained consistent at 16 million for several quarters; what are your plans to significantly grow the enthusiast buyer segment, which drives 70% of your volume, and how will you improve buyer acquisition and retention strategies to achieve this?
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Given that gross margin declined by 30 basis points year-over-year due to tax-related matters and other headwinds, what steps are being taken to mitigate these impacts, and how do you foresee gross margin trends evolving in the upcoming quarters?
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With free cash flow decreasing to $278 million in Q2 2024 due to timing of cash tax payments, can you provide more color on your expectations for free cash flow generation for the full year, and how this aligns with your capital allocation plans, including increased share repurchases and dividend payments?
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Considering macroeconomic challenges and regulatory changes in key markets like the UK impacting C2C volumes, what initiatives are you implementing to offset these pressures, and how confident are you in your ability to sustain international GMV growth under these conditions?
Competitors mentioned in the company's latest 10K filing.
- Amazon: General ecommerce competitor .
- Alibaba: General ecommerce competitor .
- Alphabet (Google): Operates a shopping platform service and has made changes to search algorithms affecting eBay .
- Apple: Mentioned as a larger platform business .
- Meta (Facebook and Instagram): Mentioned as larger platform businesses .
- Walmart: General ecommerce competitor .
- Target: General ecommerce competitor .
- Best Buy: General ecommerce competitor .
- Macy's: General ecommerce competitor .
- Etsy: Specialized ecommerce competitor .
- Shopify: Multi-channel service competitor .
- Wayfair: General ecommerce competitor .
- Temu: General ecommerce competitor .
- Shein: General ecommerce competitor .
- Rakuten: General ecommerce competitor .
- Vinted: Competitor focused on specific product categories .
- StockX: Competitor focused on specific product categories .
- TheRealReal: Competitor focused on specific product categories .
- Back Market: Competitor focused on specific product categories .
- Chrono24: Competitor focused on specific product categories .
- Fanatics: Competitor focused on specific product categories .
- Farfetch: Competitor focused on specific product categories .
- RockAuto: Competitor focused on specific product categories .
- GOAT Group: Competitor focused on specific product categories .
- Adevinta: Operates online aggregation and classifieds platforms .
- Naspers Limited: Operates online aggregation and classifieds platforms .
- craigslist: Online aggregation and classifieds platform .
- Oodle.com: Online aggregation and classifieds platform .
- Pinterest: Social network enabling purchases .
- TikTok: Social network enabling purchases .
- Zalando: General ecommerce competitor .