Ebay profits up in 2024

eBay Inc. Reports Second Quarter 2024 Results

eBay Inc. Reports Second Quarter 2024 Results

PR Newswire

SAN JOSE, Calif., July 31, 2024

  • Revenue of $2.6 billion, up 1% on an as-reported basis and up 2% on an FX-Neutral basis
  • Gross Merchandise Volume of $18.4 billion, up 1% on an as-reported and FX-Neutral basis
  • GAAP and Non-GAAP earnings per diluted share of $0.45 and $1.18, respectively
  • GAAP and Non-GAAP operating margin of 21.3% and 27.9%, respectively
  • Returned $1.1 billion to stockholders in Q2, including $1.0 billion of share repurchases and $135 million paid in cash dividends

    SAN JOSE, Calif., July 31, 2024 /PRNewswire/ -- eBay Inc. (Nasdaq: EBAY), a global commerce leader that connects millions of buyers and sellers around the world, today reported financial results for its second quarter ended June 30, 2024.

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Ebay profits up in 2024

And most of that from increasing promotions,maybe short sighted as sellers then decide not to play that game. Ive removed all promotions and seen no change in sales (still rubbish 😆) but at least Im not paying for nothing now.  

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Ebay profits up in 2024

Thats right there only up in profit due to PPC (Pay Per Click) remember before ebay would only make money when a item is sold now there making money when some clicks on a listing irespective of it even making a sale. 

We to are closing our shops on some of our ebay accounts and have now started to reduce bids on our campaigns because where now finding that we are not getting any sales organically there all via PPC and on listings which have sold over 80000 items you would naturally expect that they would rank organically and would acheive sales organically but no not with ebay anymore which is highly suspicious. 

I suspect its to keep shareholders happy and profits up there pushing PPC heavily which will eventually kill sellers with margins dwindling sellers increasing prices and buyers not willing to pay the price increase, this will eventually kill them, thats my thoughts anyway. 

We also sell on another market place "A" which is also expensive with PPC and sales are down but we have consistancy with sales and with ebay we no longer have this for some reason. 

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Ebay profits up in 2024

Yes, today 2 sales on Ebay 24 over on  Amz.   I would rather pay Amz slightly more %fvf of 15% than pay more here with PPC (and still get no where near Amz sales). Sellers will either put their prices up to pay for promos (and put sellers off) or remove them and look elsewhere. Ebay may have booming profits at present but I cant possibly see it being sustained.  Personally now Im gettimg more sakes on my direct website than ebay, more ppl are happier to trust websites

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Ebay profits up in 2024

Well done.

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Ebay profits up in 2024

Look out of the new, scandalous fees being added on February 2025. 

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