Ebay has been struggling since the end of the online order boom during the Corona pandemic. The number of users has also fallen recently. The quarterly results are still better than expected.
Ebay recorded a further drop in sales in the summer quarter, which was characterized by concerns about inflation and the economy. In the three months to the end of September, revenues fell by five percent compared to the previous year to 2.4 billion US dollars (2.45 billion euros), as 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. The stock rose 10 percent in after-hours trading. In the final quarter, which normally benefits from the Christmas business, Ebay expects sales of between 2.4 billion and 2.5 billion dollars.
