On eBay, the business runs in the Corona pandemic much better than recently expected. The online trading platform has significantly improved its forecast for the ongoing second quarter.
The growth of trading volume observed in April in global online trading continued in May, the company announced on Thursday. The trading volume is expected to increase by up to 26 percent in the previous year in the quarter.
This is reflected in sales expectation: eBay now expects quarterly revenue of up to 2.8 billion US dollars, which corresponds to an increase of 13 to 16 percent. In the announcement of the key figures for the first quarter, eBay had given a much more influencing forecast and was amed by a maximum of 2 percent.
Adjusted earnings per share were even allowed to rise by 54 to 60 percent, eBay continued to join. However, the company has not yet raised the overall year’s outlook, although a better result is expected as last scatzt. These are good news for investors: the stock reacted praisitally with a ten-percent price jump.
Background is the online business through the coronavirus pandemic. In times of Lockdowns and starting locks, trade platforms such as eBay and eBay classifieds benefit. Small retailers are new to the platform to at least partially compensate for the missed business.
Strengthened online trading
Also in German online trading, the coronavirus is noticeable as an invigorating factor. This is from a survey that the payment service provider afterpay has continuously carried out since the outbreak of the Corona crisis. In addition to online shopping in the Netherlands and Norway, around 5,500 consumers are also questioned in Germany.
Accordingly, the growth in e-commerce has stabilized after a continuous increase in April in May and is around a third of the level before the outbreak of the pandemic. This level was also allowed to be held in June because 85 percent of respondents would like to shop at least as much or even more this month than in May.