E-commerce platform eBay forecast third-quarter revenue slightly above market expectations on Wednesday (Jul 26), banking on its focus categories such as refurbished goods and auto parts to draw in new buyers to the marketplace. Price-conscious customers turned to eBay, which since 2020 has focused on sell
E-commerce platform eBay forecast third-quarter revenue slightly above market expectations on Wednesday , banking on its focus categories such as refurbished goods and auto parts to draw in new buyers to the marketplace.
Price-conscious customers turned to eBay, which since 2020 has focused on selling secondhand goods as well as new sneakers, handbags and collectibles like trading cards such as for baseball.Gross merchandise value, a key industry metric that denotes the total value of goods and services sold on the marketplace, fell 2 per cent, to US$18.2 billion in the second quarter.
The company forecast third-quarter revenue in the range of US$2.46 billion and US$2.52 billion, compared to analysts' average estimates of US$2.47 billion, according to Refinitiv data. Revenue in the quarter ended Jun 30 was US$2.54 billion, compared to expectations of US$2.51 billion.
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Ebay forecasts third-quarter revenue above estimates:E-commerce platform eBay forecast third-quarter revenue slightly above market expectations on Wednesday, banking on its focus categories such as refurbished goods and auto parts to draw in new buyers to the marketplace.Price-conscious customers turned to eBay, which since 2020 has focused on selling secondha
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