eBay benefited from spike in online sales
eBay online marketplace continues to benefit from the influx of customers and merchants, who seem to be gathering at the company’s online sales platforms in times of crisis. The growing popularity in the third quarter resulted in a profit that was more than twice as high on an annual basis. The American company then raised its expectations for the whole of 2020.
EBay completed the measurement period with a profit of $ 664 million. A year earlier, under the line, there was still $ 310 million left. The turnover went from $ 2.1 billion to $ 2.6 billion. For the final quarter of 2020, eBay expects growth of 19 to 22 percent. The company is counting on an annual turnover of just over $ 10 billion. Previously, sales were estimated at a maximum of $ 9.8 billion. Profits were also increased.