‘eBay ends the year with Q4 declines in sales and revenue’ – Internet Retailer
Fareeha Ali says, “The online marketplace increased the number of active buyers.
The gross value of goods sold on eBay Inc.’s marketplace fell 1.0% to $20.68 billion in the fourth quarter that ended Dec. 31 compared with $20.88 billion in the same period a year ago, the online marketplace reported Wednesday. It was eBay’s first holiday season without payments services firm PayPal, which in July spun off as a separate company.
Net revenue for eBay’s marketplaces fell 2.4% to $8.582 billion from $8.79 billion a year ago. Fluctuations in the value of foreign currencies affected gross merchandise value, as nearly 60% of eBay’s revenue is international, the company says. On a neutral currency basis, eBay says GMV increased 1% in Q4 and 5% for the year.
The number of active buyers increased 5% year over year in Q4 to 162 million from 154 million in the same period a year ago“.
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