eBay boosted by Holiday surge in online orders

Image: Collected
eBay has reported a good jump in sales over the festive season, seeing that coronavirus lockdowns spurred extra shoppers to get presents online.

The web marketplace saw revenues rise to $2.9bn (£2.1bn) for the 90 days ending 31 December 2020, beating analysts' expectations.

The number of gross annual active buyers grew by 7% to 185 million. Shares jumped 9% to $63.46 in late trading on the news headlines.

The web marketplace said a top trend for holiday shoppers in 2020 was purchasing refurbished gifts on the platform, while sales of luxury watches and trainers climbed after eBay launched an authenticity guarantee for both of these product categories.
Source: https://en.prothomalo.com

Share this news on: