Online marketplace eBay has warned that demand will decline in the first half of 2023, after its holiday-quarter earnings fell due to strained consumer spending in the US and Europe.
Shares declined by nearly 6% in trading after the bell, after rising by 2% just after the results.
“While we do see potential for an improvement in underlying economic conditions as the year progresses, it is too early to predict the second half recovery,” eBay chief financial officer Steve Priest said.
