EBAY results
cravetopps
Posts: 1,134
the only safe way to make money selling sportscards....
<<<SAN FRANCISCO - EBay Inc. reported Wednesday a third-quarter net loss of more than $936 million — a rare plunge into the red for the e-commerce juggernaut caused by previously announced charges to its Skype telecommunications division.
But San Jose-based eBay still easily exceeded Wall Street's expectations for the quarter ended Sept. 30, thanks to record revenue of $1.89 billion, up 30 percent from the year-ago quarter.
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Ebay, which ended last quarter with $4.4 billion cash, took in $1.32 billion in sales from ebay.com, shopping.com, StubHub.com and other e-commerce sites — up 26 percent from a year ago. Of that, 51 percent came from outside the United States.
Despite healthy growth in each of the three divisions, the company hasn't been able to maintain the number of listings on its e-commerce sites. Instead, it's wringing more money out of a shrinking number of listings.
The number of individual listings dropped 3 percent from a year ago, and eBay store listings plunged 14 percent from a year ago. Individuals and "power sellers" who operate eBay stores listed 556 million items last quarter, down 5 percent from a year ago.
But those goods sold for a total value of $14.4 billion, up 14 percent from a year ago. >>>>
<<<SAN FRANCISCO - EBay Inc. reported Wednesday a third-quarter net loss of more than $936 million — a rare plunge into the red for the e-commerce juggernaut caused by previously announced charges to its Skype telecommunications division.
But San Jose-based eBay still easily exceeded Wall Street's expectations for the quarter ended Sept. 30, thanks to record revenue of $1.89 billion, up 30 percent from the year-ago quarter.
........
Ebay, which ended last quarter with $4.4 billion cash, took in $1.32 billion in sales from ebay.com, shopping.com, StubHub.com and other e-commerce sites — up 26 percent from a year ago. Of that, 51 percent came from outside the United States.
Despite healthy growth in each of the three divisions, the company hasn't been able to maintain the number of listings on its e-commerce sites. Instead, it's wringing more money out of a shrinking number of listings.
The number of individual listings dropped 3 percent from a year ago, and eBay store listings plunged 14 percent from a year ago. Individuals and "power sellers" who operate eBay stores listed 556 million items last quarter, down 5 percent from a year ago.
But those goods sold for a total value of $14.4 billion, up 14 percent from a year ago. >>>>
Mark B.
Seeking primarily PSA graded pre-war "type" cards
My PSA Registry Sets
34 Goudey, 75 Topps Mini, Hall of Fame Complete Set, 1985 Topps Tiffany, Hall of Fame Players Complete Set
Seeking primarily PSA graded pre-war "type" cards
My PSA Registry Sets
34 Goudey, 75 Topps Mini, Hall of Fame Complete Set, 1985 Topps Tiffany, Hall of Fame Players Complete Set
0
Comments
Ebay has increased listings and fees to incredible heights so that smaller items in the $5-$10 range, unless they're just yard sale crap, cannot be reasonably sold anymore. That combined with higher shipping rates from USPS and UPS, along with the people who bi*ch and moan about shipping costs, the number of listings have dropped accordingly.
Ebay should lower all fees to a nickle listing and raise the FVF to help increase interest in additional listings.