eBay Sales Up 35 Percent in US in Second Quarter

by: CanBrit

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

by: postbuster

"All major verticals accelerated significantly compared to previous quarters"

And sellers budgets are accelerated in a major horizontal.

by: CanBrit

EBay Raises Annual Forecasts on Increased Pandemic Shopping

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

by: Ric

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.

by: COVID-19

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!

by: Bill

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.  

by: Marie

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.  

by: toolguy

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. . . .

by: ebayout

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

by: pennyrub

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.

by: Marie

@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/

by: Philo

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.

by: lancecorp

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.

by: ebayout

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.

by: LasVagueness

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

by: Marie

@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.

by: lancecorp

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.

by: Geetar

@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.

by: Covid-20

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!