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Online retail giant eBay has published the results for its second quarter and has reported that 182 million shoppers visited the platform in the lockdown months between March and June. It has also stated that there was a 256% rise in businesses across the UK signing up to sell on the platform during the same period. The rise in shoppers and sellers also meant that eBay’s global revenue increased by 21% to $2.9 billion and gross merchandise volumes by 26% to $27.1 billion year-on-year.

J&P Comments

This news corresponds with the fact that in May this year J&P reported that the number of new sellers joining eBay had doubled because of lockdown, and in April eBay’s first quarter sales were also higher than analysts expected, at $2.4 billion instead of $2.34 billion.

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