The online trading platform Ebay had to make further cuts in the Christmas quarter, which was characterized by concerns about inflation and growth.
In the three months to the end of December, revenue fell by four percent year-on-year to $2.5 billion (€2.4 billion), as the group announced on Wednesday after the US stock market closed. Adjusted income from continuing operations fell 10 percent to $581 million. For the current quarter, however, Ebay announced sales growth of up to two percent, thereby exceeding market expectations. The share initially rose by around two percent after the trading session. (dpa)
