eBay Inc. shares surged significantly in post-market trading on Wednesday, with the stock soaring 5.82% over a 24-hour period. The substantial upward movement followed the company's release of its quarterly financial results and a major strategic announcement after the market close.

The e-commerce giant reported fourth-quarter adjusted earnings of $1.41 per share, exceeding analyst estimates of $1.35, while revenue of $2.97 billion also topped expectations of $2.88 billion. Furthermore, eBay provided an optimistic outlook for the first quarter of 2026, forecasting revenue between $3.00 billion and $3.05 billion, well above Wall Street's average estimate.

In a separate strategic move, eBay announced it has entered into a definitive agreement to acquire the fashion marketplace Depop from Etsy, Inc. for approximately $1.2 billion in cash. The acquisition is aimed at enhancing eBay's consumer-to-consumer value proposition by adding a leading fashion platform with a highly engaged Gen Z and Millennial customer base, positioning the company for growth in the expanding recommerce landscape.