Thursday, December 8, 2022

Ebay is still struggling – sales have fallen again

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Decrease in user numbers

Ebay is still struggling – sales have fallen again

The online retailer Ebay recorded a further decline in sales in the summer quarter, which was marked by concerns about inflation and the economy.

The online trading platform eBay is hoping for good Christmas business. (archive image)

In the three months to the end of September, sales fell 5 percent year-on-year to $2.4 billion, the online trading platform announced on Wednesday. Adjusted earnings fell 7 percent to $552 million.

Ebay has been struggling since the end of the online order boom during the pandemic. The number of users has also recently fallen significantly. Nevertheless, the quarterly results exceeded market expectations.

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