The online trading platform Ebay continues to struggle after the end of the internet order boom in the pandemic.
In the second quarter, sales fell by 9 percent year-on-year to 2.4 billion US dollars (2.36 billion euros), as the group announced on Wednesday after the US stock market closed.
The bottom line is that Ebay even got into the red with 531 million US dollars, which was mainly due to balance sheet value adjustments of investments in other companies. Adjusted quarterly earnings from continuing operations fell 18 percent to $554 million.
The share initially jumped around 4 percent in after-hours trading. Analysts had expected a worse quarterly report and outlook.