Is eBay growing or shrinking?

eBay's business is shrinking at an accelerating rate. Its buyer pool declined by 13% compared to a 9% decline in the prior quarter. Sales volumes on its platform fell even faster, down 20% in the first quarter compared to a 10% drop in each of the last two quarters.

Is eBay on the decline?

eBay's total sales in the first quarter were $2.48 billion. This is down 5.9% from the comparable period of 2021. eBay Inc. reported total gross merchandise volume (GMV) of $19.35 billion in its first fiscal quarter of 2022. This a drop of 20% from a year earlier and the fourth consecutive quarter of declines.

Is eBay still popular 2020?

It's not all doom and gloom for eBay, however. They're still a major global player in eCommerce, with more than half of their annual sales revenue coming from tens of millions of buyers outside the US.

Is eBay a growing company?

March 10 (Reuters) - E-commerce company eBay Inc (EBAY. O) said on Thursday it expects revenue to grow between 5% and 6% in fiscal 2023, and launched its first digital wallet. Analysts polled by Refinitiv estimated 2023 revenue of $10.95 billion, which indicates a growth of 5.5%.

Are eBay sales down for 2022?

Because of unusually strong e-commerce demand a year ago, eBay (EBAY 6.28%) is going through a major growth hangover that's likely to pressure the business at least through the first half of 2022. Sales volumes will likely be down significantly in its upcoming first-quarter earnings report, set for May 4.

The Slow But Inevitable DEATH of eBay | Sellers AND Buyers Leaving by the MILLIONS

Does eBay have a future?

Within a few years, eBay expects the Vault will hold up to $3 billion in assets, making it one of the largest stores of non-governmental assets in the world. eBay's tech-led reimagination continues to underpin future growth plans.

How is eBay doing financially?

eBay Inc. Operating margin – GAAP operating margin decreased to 27.9% for the first quarter of 2022, compared to 31.9% for the same period last year. Non-GAAP operating margin decreased to 32.4% in the first quarter of 2022, compared to 37.3% for the same period last year.

Is eBay doing well in 2021?

Though the total transacted value in Q1 2021 is only 3.4 percent higher than that of the previous quarter, it marks an impressive 29.2 percent year-over-year increase. In fact, at just over $3 billion, eBay's revenue in the first quarter of 2021 increased 42 percent year-over-year – the fastest growth rate since 2005.

Who is eBay's biggest competitor?

In addition to eBay's biggest direct competitor, Amazon.com Marketplace (which doesn't offer an auction format), a number of alternatives to eBay exist for sellers looking to branch out into other independent online selling platforms. Here are some of the most popular eBay competitors, in alphabetical order.

How profitable is eBay?

This generated net revenues of $10.7 billion, up from $9.9 billion in 2017, according to the 2018 annual report. As of July 12, 2019, eBay has a market capitalization of just under $36 billion.

Is eBay losing buyers?

Marketplace platform eBay is continuing to shed active buyers and report lower sales volumes as consumers increasingly return to in-person shopping, though the company says losing some customers was always an inevitable part of the company's long-term plan.

Is eBay a thing anymore?

eBay is still one of the most popular options for listing and selling items quickly. And because it is an auction site, sellers are often able to get more than the item is actually worth. You also have more creative freedom when it comes to designing your product page.

Is it worth selling on eBay anymore?

If you only have a few items to sell, eBay is probably the better choice. It won't cost anything to list your items, and the little bit of work involved in setting up a listing won't matter much if you're only creating a couple of them.

Why did eBay fail in China?

The platform failed to recognize to consider the differences of the Chinese business environment. The manager staff were from Germany and United States. Consequently, there is a language barrier and insufficient understanding on the local market.

How popular is eBay?

159 million users are active on eBay. Over 19 million sellers have accounts on eBay. eBay sees more than 109 million visitors to its website each month.

Is Mercari or eBay better?

For small business owners, Mercari is an excellent option to consider for many reasons: Easy and free listings: Unlike eBay, which asks you to pay after using your free listings, Mercari listings are free. Plus, it is easy to list on the platform, whether you are a new or experienced online trader.

What will replace eBay?

Is Alibaba bigger than eBay?

Last year there was over $240 billion in sales on Alibaba, more than Amazon and eBay combined. On Black Friday of last year, Alibaba sold $5.75 billion in goods. That's three times more money transacted in a single day than all of America spent on all US shopping sites combined across Thanksgiving and Black Friday.

Is there another selling site like eBay?

Who is eBay's target audience?

When looking at eBay's target market, the segmentation of users appears to be majority males, ranging from 25-34 years old. Over half of the users don't have kids and also lack college experience. The majority of the people are Caucasian and have a household income of $100,000.

Is eBay a good stock to buy?

eBay stock isn't overvalued. But it is not severely undervalued as well. EBAY is currently valued by the market at a consensus forward next twelve months' normalized P/E of 11.9 times as per S&P Capital IQ. This is lower than the stock's five-year mean consensus forward P/E multiple of around 14.9 times.

How big is eBay vs Amazon?

The size of eBay's marketplaces is a small fraction of what Amazon's is. In 2021, eBay has 182 million users worldwide, while Amazon has over 200 million Prime members alone. Unsurprisingly, Amazon has a much bigger overall revenue compared to eBay.

What sells more Amazon or eBay?

While Amazon currently has less sellers than Ebay, their seller base is growing exponentially every year and many of these new sellers are based in China. In addition, Amazon sells their own private label brands which compete directly with 3rd party sellers.

When did Amazon overtake eBay?

The numbers in Bezos' letter show that since 1999, Amazon has come from behind and surpassed eBay in third-party merchandise sales. Amazon's third-party merchandise sales have grown at an annual rate of 52%, hitting $160 billion in 2018.

Is eBay a profitable company?

Its hands-off business model makes eBay more profitable than Amazon, at the expense of slower growth. There are lots of ways to make money online by participating in, or facilitating, e-commerce.