Ina Steiner EcommerceBytes Blog
News and insight focusing on ecommerce.
by Ina Steiner, Editor of EcommerceBytes.com
Tue July 28 2020 16:54:44

eBay Sales Up 35 Percent in US in Second Quarter

By: Ina Steiner

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eBay grew sales (GMV, or Gross Merchandise Volume) by 29% FX-neutral in the second quarter to $27.1 billion, it announced Tuesday. In the US, GMV was up 35%.

eBay grew its total revenue by 21% FX-neutral in the quarter (April, May, June) to $2.9 billion.

eBay called its second-quarter performance "better than expected."

Some readers may remember eBay had issued a press release in June advising investors it was performing significantly better than what it had expected in April when it published its Q1 earnings release. 

In June, eBay had attributed strong demand to increased organic traffic, better marketing efficiency, and higher platform conversion. Noticeably absent was any mention of the pandemic, which has boosted online shopping. 

As we noted last month, the stronger than expected growth comes after years of stagnant and declining growth rates for eBay.

In the second quarter, eBay grew annual active buyers by 5%, adding approximately 8 million buyers for a total of 182 million global active buyers.

Also of note, eBay included the following information in its press release:

"Marketplace platforms have experienced strength in key metrics - traffic, buyer acquisition, conversion, sold items, and GMV - driven by consumer behavior shift to e-commerce shopping resulting from the COVID-19 pandemic. All major verticals accelerated significantly compared to previous quarters, including Home & Garden, Electronics, Fashion, Auto Parts and Collectibles.

"eBay's managed payments reached a significant milestone at the end of July with the expiration of its Operating Agreement with PayPal. Now, eBay is able to scale its management of payments globally, offering buyers more choice and flexibility in payment options and simplifying business operations for sellers. Since launch, eBay has managed payments for nearly 42,000 sellers and processed $4.7 billion in GMV."

You can read the full press release on the eBay Investor Relations website.

Update: Here's my take on the post-earnings conference call where eBay CEO Jamie Iannone outlined his vision for the company.



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Perminate Link for eBay Sales Up 35 Percent in US in Second Quarter   eBay Sales Up 35 Percent in US in Second Quarter

This user has validated their user name. by: CanBrit

Tue Jul 28 17:40:49 2020

It will be interesting to see what the stock settles at after Wall Street interjects it's opinions.  

Perminate Link for eBay Sales Up 35 Percent in US in Second Quarter   eBay Sales Up 35 Percent in US in Second Quarter

by: postbuster This user has validated their user name.

Tue Jul 28 18:25:10 2020

"All major verticals accelerated significantly compared to previous quarters"

And sellers budgets are accelerated in a major horizontal.

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This user has validated their user name. by: CanBrit

Tue Jul 28 19:08:19 2020

EBay Raises Annual Forecasts on Increased Pandemic Shopping

That says it all. Now lets see the other eCommerce big guys for comparison.

Perminate Link for eBay Sales Up 35 Percent in US in Second Quarter   eBay Sales Up 35 Percent in US in Second Quarter

This user has validated their user name. by: Ric

Tue Jul 28 20:33:15 2020

It takes a worldwide pandemic for eBay to show double digit growth.

Wall Street should not get too excited at the news since once this pandemic clears and passes, the eBay surge will be over and it will be back to near zero growth rates.

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by: COVID-19 This user has validated their user name.

Tue Jul 28 22:47:51 2020

Who the hell's been buying...or selling for that matter?  Not me!  Since the corona, a miserly 5% cashback for buying and no fee discounts for selling?  On top of that the USPS "soft strike" feet dragging?  Business should be stagnant!

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This user has validated their user name. by: Bill

Wed Jul 29 00:06:10 2020

In the aftermarket the stock was down. It will be interesting what Amazon has to say in a few days. LOL
On another note they brag about 42,000 sellers who for the most part were forced into MP but in 2 plus years they have only done 4.7 billion in GMV that is only a measly 6% of the GMV. Why are they bragging? Do they think that all investors are stupid?
What a bunch of complete morons.  

Perminate Link for eBay Sales Up 35 Percent in US in Second Quarter   eBay Sales Up 35 Percent in US in Second Quarter

This user has validated their user name. by: Marie

Wed Jul 29 02:58:33 2020

I think most places on the internet will be reporting increased sales.  It is logical they would.  People may need to stay home, but they need supplies, so online ordering has been a big thing for a lot of people that normally don't shop this way.  

More for stuff needed to sustain the household or entertain those within it.  But increase sales in many categories all over the internet.  

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This user has validated their user name. by: toolguy

Wed Jul 29 09:39:02 2020

I've bought more on eBay in 2020 then the 3 previous years combined.

Not my best selling year, but it's my best buying year. . . .

Perminate Link for eBay Sales Up 35 Percent in US in Second Quarter   eBay Sales Up 35 Percent in US in Second Quarter

by: ebayout This user has validated their user name.

Wed Jul 29 23:05:44 2020

Ever the bogus GMV number, which INCLUDES seller shipping costs.
eBay will never separate the wheat from the chaff.
It outstrips their tech ability.  

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by: pennyrub This user has validated their user name.

Thu Jul 30 00:19:57 2020

My sales exploded during the pandemic. I sell fine and costume jewelry, collectibles, and antiques. Only now is it settling down but still staying up well above what I was used to.

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This user has validated their user name. by: Marie

Thu Jul 30 02:37:20 2020

@ebayout

While this is a bit old, I have no reason to believe it has changed.

"I had a call with eBay and they helped clarify a couple of things I got wrong in that post. First eBay did not change the definition of GMV to include S+H.  This is pretty confusing, because from a seller’s point, the definition of GMV (what eBay bills you on) definitely changed, so there are effectively now two types of GMV – the GMV that eBay reports to Wall St. (no S+H) and the GMV that eBay bills sellers on (includes S+H)."

https://www.channeladvisor.com/blog/scot/clarifying-ebay
s-q3-gmv/

Perminate Link for eBay Sales Up 35 Percent in US in Second Quarter   eBay Sales Up 35 Percent in US in Second Quarter

This user has validated their user name. by: Philo

Thu Jul 30 06:56:44 2020

Doesn't feel like 35% not even close.  I had a pop in march and that was it.  There I average $500/mo consistently, last three months combined have been $40.  These numbers generally flow with how the company is doing overall.  I smell something funny.

Perminate Link for eBay Sales Up 35 Percent in US in Second Quarter   eBay Sales Up 35 Percent in US in Second Quarter

by: lancecorp This user has validated their user name.

Thu Jul 30 08:39:29 2020

Sales are down 70% on Ebay - meanwhile sales way up on other platforms. Remember their GMV counts all sales even when those sales have been returned - returns on Ebay up bigtime according to a lot of sellers on social media.

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by: ebayout This user has validated their user name.

Thu Jul 30 10:57:07 2020

Maria...please explain how they extrapolate the shipping from all all those $9.99 (and up) items that offer free shipping, and the actual shipping cost is $2+?
You know...so they report just ACTUAL sales.

Perminate Link for eBay Sales Up 35 Percent in US in Second Quarter   eBay Sales Up 35 Percent in US in Second Quarter

This user has validated their user name. by: LasVagueness

Thu Jul 30 11:31:22 2020

I am pleased to hear this news. Perhaps with their fattened coffers eBay can work on transitioning issues and pesky glitches.  

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This user has validated their user name. by: Marie

Thu Jul 30 12:54:48 2020

@ebayout

They can't, nor can any other site that has similar sales.  While you certainly can single out Ebay for doing this, the reality of it is any similar site would be doing the same thing.  Clearly it is something you disapprove of as you have brought it up many times over the years, I'm just not sure why since it is pretty normal stuff. But of course you have every right to voice whatever concerns or opinions you have, I'm not at all trying to take away from that.  Just pointing out there is nothing nefarious going on here.  It is an accepted accounting practice, just one you clearly don't like.

Perminate Link for eBay Sales Up 35 Percent in US in Second Quarter   eBay Sales Up 35 Percent in US in Second Quarter

by: lancecorp This user has validated their user name.

Thu Jul 30 18:12:55 2020

Everyone keep an eye out for a promoted listings survey from Ebay. I'm not sure what the significance is at this time with everything else that's been going on but I've run in to glitches galore trying to post the past couple of days.

Perminate Link for eBay Sales Up 35 Percent in US in Second Quarter   eBay Sales Up 35 Percent in US in Second Quarter

by: Geetar This user has validated their user name.

Thu Jul 30 18:28:22 2020

@lancecorp

   I saw that, didnt bother. Idk, I have used promoted listings. But to be honest, it is used mostly by chinese selllers. I think they are running into problems now with slow shipping, and their shipping cost that went up on July 1st. So you see them piling on.

Perminate Link for eBay Sales Up 35 Percent in US in Second Quarter   eBay Sales Up 35 Percent in US in Second Quarter

This user has validated their user name. by: Covid-20

Thu Jul 30 22:06:08 2020

You have to be close to severe mental deficiency to believe any which one of their bombastic GMV claims!! Isn't there a law against reporting fake numbers to stock holders?? No WAY sales are even 2% up. Not in a hundred years would I believe anything remotely so.
Where is the regulatory committee on matters like these?  It's so open & shut it's laughable!  



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