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Ebay smashes analyst estimates across the board as lock-down proves fruitful

April 30, 2020

Via: Charged

Ebay has smashed analyst estimates in its first quarter as it proves to be one of the few retailer companies benefiting from the global lock-down.

The online marketplace said sales in the three months to March 31 dropped two per cent to $2.4 billion (£1.93 billion), but this still came comfortably above analyst estimates of $2.34 billion (£1.88 billion).

Gross merchandise volume, the total value of all goods sold on its platform, hit $21.3 billion (£17.11 billion) during the quarter, again beating estimates of $20.5 billion (£16.47 billion).

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