EBay announced it would layoff about 800 workers as it shifts priorities to recommerce, the planned downsizing coming shortly after it posted a fourth quarter beat on revenue and earnings and revealed the company was acquiring the Depop marketplace.
In all, eBay plans to eliminate about 800 roles globally, an estimated 6% of employees, adding it is continuing to hire in priority areas aligned with evolving corporate strategy. With its acquisition of Depop and developments within the company, eBay is reallocating resources to support its strategic priorities, the company stated.
An eBay spokesperson said, “We are taking steps to reinvest across our business and align our structure with our strategic priorities, which will affect certain roles across our workforce.”
On February 18, eBay announced it would purchase the C2C marketplace Depop from Etsy. In doing so, eBay said it was purchasing an operation with deep recommerce roots and a highly-engaged Gen Z and Millennial customer base for $1.2 billion in cash.
EBay emphasized Depop is a mobile-first, community-powered marketplace experiencing strong momentum with annual gross merchandise sales of about $1 billion. Depop enjoyed an almost 60% year-over-year growth in the U.S., eBay reported. As of December 31, 2025, the Depop marketplace had seven million active buyers, with about nine in 10 under the age of 34.
In the fourth quarter, eBay net income from continuing operations was $525 million, or $1.14 per diluted share, versus $680 million, or $1.40 per diluted share, in the year-previous quarter. Adjusted for one-time charges, net income from continuing operations was $648 million, or $1.41 per diluted share, versus $607 million, or $1.25 per diluted share, in the year-before period.
EBay beat a Zacks Investment Research analyst consensus estimate that called for earnings per adjusted diluted share of $1.36. It topped the Zacks consensus revenue estimate by 2.98%.
Net revenue was $2.97 billion versus $2.58 billion in the year-earlier quarter. Income from operations was $601 million versus $543 million in the year-prior period.
In the fourth quarter, gross merchandise volume was up 10% on an as-reported basis and up 8% on an foreign exchange-neutral basis.
For the full fiscal year, net income from continuing operations was $2 billion, or $4.26 per diluted share, versus $1.98 billion, or $3.95 per diluted share, in the year previous. Adjusted net income from continuing operations was $2.58 billion, or $5.52 per diluted share, versus $2.46 billion, or $4.88 per diluted share, in the year-before period.
Net revenues were $11.1 billion versus $10.28 billion in the year earlier. Operating income was $2.28 billion versus $2.32 billion in the annum prior,
“2025 was a milestone year for eBay, and our results reflect the strength of our strategy and the disciplined execution behind it,” said Jamie Iannone, eBay CEO. “We have built significant momentum across our strategic priorities, delivering meaningful growth and reinforcing our leadership in recommerce. As we continue to harness AI to elevate the customer experience worldwide, eBay is in the strongest position it has been in years.”
