Ebay shares in the red after quarterly report

Released on 28. 10. 2021

  • After the quarterly report, the Ebay share ended up in the red. Photo: Ben Margot

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The online trading platform Ebay has presented its quarterly figures and these impressed investors little. The number of active buyers decreased and the profit decreased as well.

Santa Clara (dpa) – The trading platform Ebay disappointed investors on Wednesday with its quarterly report. The share temporarily lost around five percent in after-hours US trading.

Ebay increased its third-quarter sales by eleven percent year-on-year to $ 2.5 billion (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 the profit in the third quarter fell to 264 Millions of dollars of 664 million dollars a year earlier. The number of active buyers on the platform fell within three months from 159 to 154 Millions. In the first quarter of this year it was still at 166 million. Ebay benefited from the corona pandemic – 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.

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