EBay forecasts quarterly revenue above estimates

Aug 5 (Reuters) - EBay ‌forecast ​third-quarter ​revenue above Wall Street estimates on Wednesday, leaning on its push ‌into authenticated luxury goods, collectibles and ⁠refurbished products to bring more high-value buyers ‌to its online marketplace.

The ‌company has sharpened its focus on enthusiast buyers through "focus categories" where buyers ​value selection and specialist services. These include trading cards and other collectibles, ⁠auto parts and accessories and refurbished electronics.

The online retailer ​forecast revenue to be between $3.07 billion and $3.12 billion for the quarter, ​compared with analysts' average ‌estimate of $2.97 billion, according to data compiled LSEG.

Gross merchandise volume, ⁠a key industry metric measuring the total value of all goods sold on the ⁠platform, rose 15% to $22.4 billion for the quarter ​ended June 30.

Revenue of $3.13 billion beat analysts' estimate of $3.02 billion.

EBay in May rebuffed GameStop's roughly $56 ‌billion unsolicited bid as "neither credible nor attractive", but GameStop CEO ‌Ryan Cohen has said he plans ⁠to continue pursuing a ‌combination.

(Reporting by ​Juby Babu in Mexico City; Editing by Sriraj Kalluvila and Shilpi ‌Majumdar)

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