EBay missed analysts' estimates for second-quarter revenue on Wednesday, as its online ticket marketplace StubHub had a disappointing quarter, leading the e-commerce website to forecast underwhelming third-quarter results.
The company's shares were down about 5 percent at $36 after the bell.
EBay blamed fewer games in major U.S. sporting events for lower ticket sales at StubHub. Even though StubHub revenue rose 4 percent to $246 million, it was its slowest growth since the second quarter of 2017.
"It was a historically bad MLB start of the season ... and it was a 4-game NBA series, it was a 5-game Final Series, it was a 5-game hockey series. There were just a lot of things that broke the wrong way on the landscape," eBay Chief Executive Officer Devin Wenig said on a post-earnings call.
Wenig added that he did not expect the landscape for ticket sales to get any better in the second half.
CFO Scott Schenkel also said he expects the stronger dollar up 4 percent since the company's prior forecast to hit revenue by $150 million for the full year.