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EBay Projects Lackluster Sales in Sign Covid Bounce May Fade

  • Active buyers fell 2% to 159 million from a year earlier
  • Company says sale of classified advertising unit is complete
Updated on

EBay Inc. gave a lackluster revenue forecast for the current quarter, suggesting the online marketplace’s growth could slow as more people get vaccinated and return to pre-pandemic habits like traveling and dining out. Shares fell about 2% in extended trading.

Sales will be $2.42 billion to $2.47 billion in the period ending in September, the San Jose, California-based company said Wednesday in a statement. Analysts, on average, estimated $2.49 billion, according to data compiled by Bloomberg. Earnings, excluding some items, will be 86 cents to 90 cents a share, in line with estimates.