Key Highlights

  • eBay (NASDAQ:EBAY) reports after the close on October 28, 2026, with EPS seen at USD 1.41 on USD 3.11 billion of revenue, according to a published earnings calendar.
  • The marketplace has cut 9% of its workforce, as reported, though the date of the layoff announcement was not confirmed in the information used for this article.
  • GameStop (NYSE:GME) made an offer of USD 125 a share in May 2026 that the marketplace rejected, so the saga is older context and not new news for investors.
  • Investors will watch gross merchandise volume, take rate and guidance, because a lower cost base can lift earnings even if sales growth is modest, and a weak outlook can erase that benefit.

Consensus and the Layoff Context

eBay (NASDAQ:EBAY) is forecast at EPS of USD 1.41 on revenue near USD 3.11 billion. The company has cut 9% of its workforce, as reported, which usually lowers operating costs but also takes time to show in margins because severance expenses arrive first. The date of the cuts was not confirmed, so readers should check the company's own statement before relying on timing. Investors typically treat a reduction of this size as a signal that management expects slower growth or wants to fund product work, and the call may explain which of the two applies. Cost cuts can lift margins quickly, but they can also slow product work, customer support and seller tools, which are the features that keep a marketplace competitive over time.

The GameStop Proposal, in Context

The GameStop proposal and its rejection date back to May 2026 and are included as context, not as fresh news. GameStop offered USD 125 a share and eBay (NASDAQ:EBAY) declined, which put a floor under investor expectations for value. The episode matters because it shows management believes the standalone business is worth more than the bid, and it raises the bar for results. If growth disappoints, critics could argue the offer should have been entertained. If results are strong, the rejection looks vindicated, so the report is a test of that judgment as well as of the quarter. Shareholders will compare the stock's recent path with the offer price, and any gap between them will shape how the board's decision is judged in the weeks ahead.

Risks and What to Watch

Risks include weak consumer spending on discretionary items, competition from larger marketplaces and the cost of restructuring. Higher rates also matter, since a 10-year yield near 4.995% and December hike odds near 73% to 75% can pressure consumer budgets. Investors should watch gross merchandise volume, the take rate, advertising revenue and guidance. The report lands hours after the Federal Reserve decision at 2:00 p.m. ET on October 28, 2026. Nothing has been reported yet, and every figure in this article is a forecast, not a result. A second source of risk is the lack of confirmation on layoff timing, which means the cost savings may arrive over several quarters, not immediately, and reported margins could lag the plan.

Where Things Stand

The answer is that eBay (NASDAQ:EBAY) reports tonight after cutting 9% of its workforce because investors want to see whether lower costs are lifting profit and whether the standalone strategy justifies rejecting the USD 125-a-share proposal from GameStop, a decision that will now be judged against real results. Consensus is USD 1.41 EPS on USD 3.11 billion, from one calendar. Guidance matters most, and nothing is known yet. This is not investment advice.