eBay (NASDAQ: EBAY) is still suffering a growth hangover right now, but the worst might be over. The online platform recently announced Q2 earnings results that beat expectations and implied stabilizing sales and earnings trends on the way.
While some of eBay's metrics are still shrinking at a double-digit rate, the speed of that decline slowed in Q2. Let's take a closer look at the results and why investors should feel a bit more confident about fiscal 2022.
eBay's core marketplace business is still feeling the impact of a demand pullback compared to soaring e-commerce sales in the lockdown phases of the pandemic. The company's buyer pool shrank by 12% year over year, and sales volumes were down 18%. These results seem weak, both on their own and in comparison to those of industry peers like Etsy (NASDAQ: ETSY) , which in late July reported a 4% uptick in its buyer pool.
For further details see:
Should You Buy eBay as the Buyer Pool Shrinks?