The online auction portal eBay announced on Tuesday net profits of 1,356 million dollars in the first six months of the year, an increase of 47.3% compared to the same period of the previous year, helped by the increase in sales through Internet as a consequence of the pandemic.
The company based in San José (California, USA) billed during the first semester 5,239 million dollars, compared to the 4,836 million that it had invoiced between January and June 2019, according to a statement.
In the second quarter, data to which the markets paid the most attention, eBay had a turnover of 2,865 million dollars, 18% more, and a net profit of 770 million, an increase of 34% in year-on-year terms.
The portal added approximately 8 million buyers during the quarter, for a total of 182 million active buyers worldwide, while its sellers grossed more than $ 27 billion in total.
The company’s CEO, Jamie Iannone, noted that eBay’s support of small businesses and communities has enabled it to win back buyers and sellers and expand its customer base during a difficult period like the coronavirus pandemic.
“This contributed to a very good second quarter, above expectations,” Iannone said in a note.
Thus, the company improved its forecasts for the rest of the year and said it expects total revenue of up to $ 10.75 billion.
This includes billing for its classified ad business, which eBay recently agreed to sell to Norway’s Adevinta for about $ 9.2 billion.
The accounts did not convince Wall Street investors, and the company’s shares fell in electronic trading after the stock market closed.
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