‘eBay Reports 5 Percent Revenue Increase in First Quarter’ – Small Business Trends
Shubhomita Bose says, “eBay’s efforts to revamp its business are paying off, as the company has reported better-than-expected results in the first quarter.
The online retail giant has posted a 5 percent revenue increase, beating analyst expectations. Following the announcement, eBay shares rose 2.1 percent to $24.98 in extended trading.
The solid results will give eBay the much-needed boost it needed to regain investors’ confidence.
eBay Q1 Earnings Up: Main Highlights
Some of the key takeaways of eBay’s first quarter results include the following:
– Gross merchandise volume or the total value of all goods sold increased 1 percent to $20.45 billion.
– Over 900 million live listings are now available at any time.
– Number of active buyers rose 3.8 percent to 162 million.
– Revenue in the second quarter is expected to be between $2.14 billion and $2.19 billion”.
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