07-17-2019 02:26 PM - edited 07-17-2019 02:28 PM
eBay's financial reports are here: https://investors.ebayinc.com/financial-information/financial-summary/default.aspx
For those who want a quick summary, eBay reported that the second quarter sales on the eBay marketplace are down 1% (when you account for foreign exchange rates) when compared to the same period in 2018.
That was similar to what was reported in the first quarter of this year ... that is, sales down 1%.
So, while other marketplaces are seeing year-over-year increases of 20-50%, eBay treads water. This means eBay is losing market share.
07-17-2019 02:37 PM
@orangehound wrote:eBay's financial reports are here: https://investors.ebayinc.com/financial-information/financial-summary/default.aspx
For those who want a quick summary, eBay reported that the second quarter sales on the eBay marketplace are down 1% (when you account for foreign exchange rates) when compared to the same period in 2018.
That was similar to what was reported in the first quarter of this year ... that is, sales down 1%.
So, while other marketplaces are seeing year-over-year increases of 20-50%, eBay treads water. This means eBay is losing market share.
Sounds about right.
07-17-2019 02:38 PM - edited 07-17-2019 02:40 PM
There are some other numbers in this report that may have impacts on sellers:
07-17-2019 02:45 PM
@orangehound wrote:This means eBay is losing market share.
It also means that the argument that eBay as a venue is seeing a huge drop in sales is just not holding up, and sellers will have to look elsewhere for an explanation.
07-17-2019 03:12 PM
I suppose every seller could be seeing less sales, but with the mass amount of sellers overall, ebay isn't affected as much.
07-17-2019 03:15 PM
Smoke and Mirrors
07-17-2019 03:25 PM
I'm afraid that eBay has put on cement shoes and a weighted diver's belt - then jumped into an ocean off of a boat that was floating well - and then has the nerve to be surprised when they begin to drown. I wonder if they were to start listening to sellers instead of the money grabbers in the board room, if they can be resuscitated?
07-17-2019 03:27 PM
07-17-2019 03:34 PM
If eBay listened to the sellers and backed them, also got rid of the Chinese scam sellers..they would have more profits.
Sellers should be able to run their stores as they see fit. If the seller says no returns, eBay should not override unless it comes from eBays pockets.
If a buyer wants the option to return.... choose another seller.
If a seller doesn’t have a store they are stuck with whatever new rule eBay trots out.
Think if the people signing up for a store.
There are so many ways they could have grown this platform and all I see is they keep trying to take more from sellers.... if there are no small to midrange sellers... eBay will soon be like AOL
07-17-2019 03:47 PM
The report shows US GMV is stagnant, down fractionally, and down 5% year to year.
07-17-2019 04:09 PM - edited 07-17-2019 04:10 PM
Which clearly shows that the change in listing formats did not have the disastrous affect on sales as many expected. So that is at least some good news.
Some of the issues with sales could be Ebay's curbing advertising. Our GMV and Ebay's sales do not have a big difference between now and this time last year. And we are up a bit from 2017 and 2016.
So while we still have a whole lot of room for improvement, it isn't as awful as some were predicting.
07-17-2019 04:11 PM
+1, Yes exactly.
Plus, in context the e commerce segment as a whole is still growing at double digits.
07-17-2019 04:12 PM
The key word is "global" when it comes to increase in buyers. eBay has been putting a lot of effort in India recently. Many US sellers aren't interested in going global.
07-17-2019 04:22 PM
@luckythewinner wrote:
@orangehound wrote:This means eBay is losing market share.
It also means that the argument that eBay as a venue is seeing a huge drop in sales is just not holding up, and sellers will have to look elsewhere for an explanation.
You are exactly right. In fact 1% drop is peanuts. Tomorrow will tell as the pre market is up 6% for tomorrows opening bell.
07-17-2019 04:30 PM
In addition, over 940,000 sellers leveraged the company’s first-party advertising to promote over 250 million listings, yielding $89 million in revenue.
Plus Stub Hub and classified revenues were both up as was revenue from managed payments.
Marketplace breakdown details don't seem to be available yet. As a US seller I am very interested in the GMV and sales breakdown by US vs other countries.