Key facts
- EBay forecasts Q3 revenue between $3.07 billion and $3.12 billion, exceeding analysts' average estimate of $2.97 billion.
- Match Group forecasts Q3 revenue between $885 million and $895 million, below analysts' estimates.
- Match Group's Q2 revenue was $853 million, a 1% decrease, with paying users down 6%.
- Duolingo projected Q3 revenue of about $302 million, below analysts' estimate of $304 million.
- Duolingo's Q2 revenue grew 18% to $298.5 million.
EBay forecast third-quarter revenue above Wall Street expectations, leaning on its push into authenticated luxury goods, collectibles and refurbished products. The company projected revenue between $3.07 billion and $3.12 billion, compared with analysts' average estimate of $2.97 billion.
Separately, Match Group forecast third-quarter revenue below estimates, driven by weak performance in its 'Everyone Everywhere' brands, including Azar and Pairs. This outlook overshadowed signs of improvement in Tinder and continued growth at Hinge. Match Group reported second-quarter revenue of $853 million, down 1%, with paying users falling 6% to 13.3 million, though revenue per payer rose 6% to $21.13. Tinder's daily active user decline narrowed to 4%, while Hinge's global monthly active users rose 13%.
Duolingo also forecast third-quarter revenue below expectations, despite a robust second quarter. The company is prioritizing user growth, with daily active users expected to grow over 20% for the rest of the year. Second-quarter revenue rose 18% to $298.5 million, beating estimates, and gross margins were lifted by lower AI costs. Duolingo projected third-quarter revenue of about $302 million, below the $304 million estimate.