Marketplaces Could Continue To Pull-Down eBay's Q2 Earnings

Since the PayPal separation is scheduled for completion on July 17, this will be the company's last earnings as a combined entity. As has been the trend over the past few quarters, we expect that the PayPal business drove the company's earnings during Q2, as the marketplaces business likely continued to be beset by various challenges. While we expect FX-neutral top-line growth to range in the low single-digits for marketplaces business, the same for PayPal could come in at over 15%. In terms of ...