Daily Management Review

eBay profit declines by 12.3% in the first half of 2019


The net profit of the world's largest online auction site eBay declined in the first half of the year by 12.3% in annual terms to $ 920 million, the company said. Diluted EPS was $ 1.04 versus $ 1.03 a year earlier.

Revenues increased by 2.1% to $ 5.33 billion in the period of January to June.

At the same time, net profit of eBay in Q2 decreased by 37.4% in annual terms to $ 402 million. Diluted earnings per share were $ 0.47 compared to $ 0.64 in the second quarter of 2018. Revenue increased by 1.8% to $ 2.687 billion.

“In Q2, we continued to focus on creating an active customer base, providing first-class customer service quality and accelerating our growth proposals,” said eBay CEO Devin Wenig.

eBay Inc. is a company providing services in the areas of online auctions and online stores. It was founded in 1995, and is currently headquartered in San Jose (California, USA).

source: bloomberg.com