eBay boosted by Christmas surge in online orders

Sun Online Desk

4th February, 2021 12:51:56 printer

eBay boosted by Christmas surge in online orders

eBay has reported a jump in sales over the festive season, as coronavirus lockdowns spurred more shoppers to buy presents online.

The online marketplace saw revenues rise to $2.9bn (£2.1bn) for the three months ending 31 December 2020, beating analysts' expectations.

The number of annual active buyers grew by 7% to 185 million.

Shares jumped 9% to $63.46 in late trading on the news.

The online marketplace said that a top trend for holiday shoppers in 2020 was purchasing refurbished gifts on the platform, while sales of luxury watches and trainers climbed after eBay launched an authenticity guarantee for these two product categories.

(BBC)


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