EBay stock set for worst drop since 2022 on soft profit guidance
EBay shares slumped over 10% in premarket trading after its Q4 and FY25 profit forecasts fell short of expectations, marking its worst drop since May 2022. While revenue guidance remained solid, the company cited the U.S. removal of the de minimis exemption as a key drag on volumes. The stock had been up over 60% year-to-date before the selloff.