Amazon vs. eBay as we head into deep recession
Now that earnings for both companies are out, let’s take a look on the third quarter performance of both rivals:
Amazon’s number of active users in the third quarter grew 17% vs. a year ago, compared to only a 3% increase for eBay.
Amazon revenue rose almost 31% to $4.26 billion- How is eBay growth compared to that? eBay revenues rose only 11.5%
Amazon.com Inc. says profit climbed 48 % in the third quarter. Amazon partly credited strong sales of electronics. Did eBay PROFIT measure up to Amazon? Of course not, eBay only clocks about 8% profit increase of the previous year same quarter.
Amazon has grown faster than e-commerce as a whole lately. In the first half of the year, U.S. e-commerce spending grew 12% year-over-year, according to BernsteinResearch.
Amazon, by contrast, saw its North American revenues surge 33.2%. Even with U.S. e-commerce growth slowing to 6.4%, Amazon stands to disproportionately benefit. And where is eBay on that? eBay only grew 12% if you lump payments and communications or just 8% if you look at marketplaces growth.
And now, for your enterteinment, enjoy eBay’s latest
Ebay Front Page Penis Enlargement Ads Pump Stock Prices