EBay earns 518 million in the first three months of 2019, 27.3% more

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EBay earns 518 million in the first three months of 2019, 27.3% more Stock image of the headquarters of the eBay company of January 11, 2013, in San Jose, California, USA. EFE / Archive

 San Francisco, – The electronic auction and auction portal eBay today announced the results for the first three months of 2018, in which it earned 518 million dollars, 27.3% more than in the same period last year, driven for a “good growth of consumption”.

The company based in San Jose (California), billed between January and March 2019 for 2.643 million dollars, 2.44% above the 2.580 million in the first three months of 2018, while its shareholders achieved 57 cents per title, compared to 40 in 2018.

In the last three months, the auction portal slightly increased its long-term debt, which went from the 7,685 million with which it closed 2018 to the current 7,700.

By business areas, the “market” or “marketplace”, where objects are bought and sold, remains eBay’s main source of revenue, and represented 71% of total billing, well above the next group, which were the marketing services with 10.48%.

The rest of the revenues came from the sale of classified ads, with 9.7%, and from StubHub, the company’s platform for the purchase and sale of tickets for concerts, sporting events and other shows (8.43%).

“We have had a solid first quarter in terms of revenue and earnings per share,” said Devin Wenig, president and CEO of the company, “Our initiatives to create the payment system and the next generation ad experience are underway.” .

“We saw a healthy growth in consumption and applied disciplined cost control, while continuing to simplify the purchasing process while focusing on the success of sellers,” he added.

The good results of eBay encouraged investors on Wall Street, and the company’s shares appreciated 4.31% to $ 38.25 per share in electronic transactions after the closing of the markets in New York. (EFEUSA ).

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