Major IT Outage hits banks, airlines, businesses worldwide

Screens and tech services across the globe were hit by last year’s CrowdStrike outage (Diego Radames/Getty Images)

CrowdStrike’s mixed earnings report sends stock lower as company seeks to put last year’s outage in the rearview

CrowdStrike reported first-quarter earnings after the bell Tuesday.

6/3/25 3:35PM

It was nearly a year ago that CrowdStrike reached household name status following a software glitch that caused possibly the largest IT outage ever. The cybersecurity firm’s first-quarter earnings report, posted Tuesday, highlights its continued efforts to move past it.

CrowdStrike posted earnings per share of $0.73, beating analysts’ estimates of $0.66 per share. Its revenue rose 20% year over year to $1.1 billion, a hair shy of the Wall Street consensus. The company posted annual recurring revenue of $4.44 billion, up 22%.

For its second quarter, CrowdStrike expects sales of between $1.14 billion and $1.15 billion and adjusted earnings of $0.82 to $0.84. That’s compared to analysts’ expectations for $1.16 billion in revenue and earnings of $0.81, according to FactSet.

Investors were nonplussed, sending CrowdStrike shares, which have soared lately, down more than 6% after the report.

Last year, CrowdStrike reported $60 million in costs related to its outage. In its latest earnings, the company reported another $39.7 million in outage costs. CrowdStrike has projected millions of dollars more tied to discounts the company has offered customers as a mea culpa.

Despite costs still lingering, CrowdStrike shares have recovered, breaking record closing highs three times in the past week before Tuesday’s drop after the bell. The stock has more than doubled off the lows it fell to last July shortly after the outage.

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eBay stock slumps on gloomy Q4 outlook despite solid Q3 earnings

Shares of eBay fell as much as 10.5% in premarket trading on Thursday morning after the company gave a lower-than-expected profit forecast for the important holiday shopping season.

The e-commerce giant reported solid numbers for the third quarter on Wednesday, with revenue up 9% as reported to $2.8 billion and gross merchandise volume rising 10% to $20.1 billion, topping the average analyst forecast of $19.4 billion, per Bloomberg.

However, concerns about the future somewhat overshadowed these results.

eBay outlined its profit outlook for the period ending in December to $1.31 to $1.36 a share, with revenue at $2.83 billion to $2.89 billion. According to Bloomberg-compiled data, this broadly matches Wall Street’s estimates for the top line, but misses on the bottom line, with analysts forecasting EPS to come in at $1.39 — suggesting the company expects some further margin pressure.

The company has been facing macroeconomic challenges since the US ended the de minimis tariff exemption in late August, with the online marketplace reliant on shipments. One small silver lining? CFO Peggy Alford highlighted a “less durable trend” on a post-earnings call: that as commodity prices for precious metals boomed, demand for bullion and collectible coins on eBay spiked.