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 eBay's second-quarter results exceeded Wall Street expectations, and maintained its full-year revenue forecast, the company's stock price rose slightly after the market on Wednesday. Investors have been worried that shrinking consumer spending will affect the outlook for online shopping.

Jamie Iannone, CEO of eBay, said: "I am delighted to once again announce a strong second quarter. Our team delivered better-than-expected financials on all fronts, while continuing to build on our Significant progress on long-term plans. Our category-focused strategy is working, and payments and advertising are driving further growth."

In the second quarter ended June 30, eBay's revenue was $2.42 billion, down 9 percent from a year earlier but beating Wall Street's average estimate of $2.37 billion. The company's second-quarter net loss from continuing operations was $536 million, compared with a net profit of $294 million from continuing operations in the same period last year; diluted loss per share from continuing operations was $0.96 , compared with diluted earnings per share from continuing operations of $0.43 in the same period last year.

Not in accordance with US GAAP, eBay's second-quarter earnings per share reached $0.99, beating Wall Street's forecast of $0.89.

eBay's gross merchandise volume in the second quarter was $18.5 billion, down 18 percent from $22.6 billion in the same period last year, or down 14 percent excluding the impact of currency changes. eBay had 138 million active buyers in the second quarter, down 12 percent from 156 million a year earlier.

Divided by region, eBay’s total merchandise transaction volume from the United States in the second quarter was $8.982 billion, down 13% from $10.332 billion in the same period last year; the total merchandise transaction volume from international markets was $9.567 billion, a decrease from last year’s $10.332 billion. A decrease of 22% compared to the $12.255 billion in the same period.

eBay's second-quarter net cost of revenue was $663 million, compared with $672 million a year earlier.

eBay's total operating expenses in the second quarter were $1.234 billion, compared with $1.264 billion in the same period last year. Among them, sales and marketing expenses were $566 million, compared with $559 million in the same period last year; product expenses were $344 million, compared with $350 million in the same period last year; general and administrative expenses were $237 million, compared with $237 million. That compares with $250 million in the same period last year. eBay's second-quarter gross profit was $1.759 billion, compared with $1.996 billion a year earlier.

eBay expects the company's third-quarter revenue to be in the range of $2.29 billion to $2.37 billion, with the median value exceeding Wall Street's forecast of $2.3 billion; non-GAAP earnings per share will be in the range of $0.89 to $0.95. eBay also expects full-year revenue in 2022 to be between $9.6 billion and $9.9 billion, exceeding Wall Street’s forecast of $9.68 billion; full-year earnings per share will be between $3.95 and $4.10, with the median value exceeding Wall Street’s forecast of $3.98. "Despite rising inflation and an uncertain macro environment, we remain on track to deliver on our 2022 commitments," Inone said.

eBay shares rose $2.05, or 4.23%, to close at $50.48 in regular trading on the Nasdaq stock market on Wednesday. In subsequent after-hours trading, eBay shares inched up 15 cents, or 0.30%, to close at $50.63. Over the past 52 weeks, eBay's stock price has been as low as $40.52 and as high as $80.57. At Wednesday's closing price, eBay had a market value of about $28.3 billion.