The online trading platform Ebay has presented its quarterly figures and these made little impression on investors. The number of active buyers fell and profits also fell.
The trading platform Ebay disappointed investors on Wednesday with its quarterly report. The share lost around five percent at times in the US after-hours trading.
Ebay increased sales in the third quarter year-on-year by eleven percent to 2.5 billion dollars (2.15 billion euros). For the Christmas quarter, the group also promised slower sales growth of between four and six percent.
The bottom line was that third-quarter profits fell to $ 264 million from $ 664 million a year earlier. The number of active buyers on the platform fell within three months from 159 to 154 million. In the first quarter of this year it was still at 166 million. During the corona pandemic, Ebay benefited – like others in the industry – from the boom in online trading. With the relaxation of the corona restrictions in many countries, competition from stationary retail increased again.
Jane Stock is a technology author, who has written for 24 Hours World. She writes about the latest in technology news and trends, and is always on the lookout for new and innovative ways to improve his audience’s experience.
