Like many of its peers in the e-commerce industry, eBay (NASDAQ: EBAY) closed out a tough 2022 on a positive note. The marketplace platform reported in late February that sales declined only slightly through late December. Executives said that surprisingly strong result was a testament to eBay's flexible operating model.
But the company hasn't made much progress at slowing the pace at which buyers are leaving its platform. Sales volumes have declined at a double-digit rate for several consecutive quarters, too. So let's look at the bullish and bearish readings around this business to see which one applies better to eBay today.
Yes, eBay's 1% revenue decline was better than Wall Street had expected for the fourth-quarter selling period. The company saw success in its advertising products, and consumers generally kept up their spending despite slowing economic growth.
Source Fool.com