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The growth of the online trading platform was much weaker than before; the number of active buyers increased by 4%.
In the second quarter, the eBay online trading platform did not work as well as investors had hoped. The turnover rose 9 percent year-over-year to $ 2.64 billion, as eBay announced Wednesday after the US market closed. However, growth slowed significantly compared to the previous quarter, when there was twelve per cent more. On Wall Street, more sales were expected. The stock fell sharply after the stock market.
eBay has struggled for years with fiercer competition in online commerce, where rivals like Amazon or Alibaba are pushing hard. Expectations have also been ignored on business prospects, although CEO Devin Wenig has announced progress. eBay has forecast annual revenues of between $ 10.75 and $ 10.85 billion.
Adjusted quarterly income from continuing operations increased more than seven percent year-over-year to $ 533 million. The number of active buyers on eBay platforms increased by 4% during the second fiscal quarter; According to eBay, the number of active buyers in the world now stands at 175 million. Sales on eBay platforms reached $ 2.1 billion, up 9%. The gross value was $ 22.6 billion, an increase of 11%.
(jk)
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