![]() “Given the wide-ranging economic uncertainty of the COVID-19 pandemic, management continues to monitor costs to optimise the company’s cash flows and preserve liquidity,” directors said in the accounts.Į is the oldest online marketplace in Australia, having launched in 1999, and remains the most visited e-commerce site, with 86.5 million visitors in December 2020 and 66.6 million in April 2021, according to. While Amazon’s Australian commercial operations have yet to make a profit, eBay ANZ’s net profit rose 3.4 per cent to $9.2 million in 2020 after the group cut employee, travel and communication costs. ![]() “There are now an extra one million shoppers heading to eBay since the pandemic began, bringing us to 12 million unique monthly visitors.” “We have witnessed the rapid acceleration of e-commerce first hand,” he said in eBay’s recent “Lockdown” report. ’s gross sales rose 98 per cent in 2020 and revenue rose 88 per cent, while Catch Group’s gross sales rose 139 per cent to $610 million in the six months ending December 31, and revenue rose 112 per cent.ĮBay ANZ managing director Tim MacKinnon declined to comment on the accounts, but the online marketplace rejected suggestions it was losing market share, pointing to growth in monthly visitors and strong demand in categories such as sporting and leisure goods. Unlike rivals Amazon, and Wesfarmers’ Catch Group, eBay ANZ does not report gross merchandise values, which are estimated to be more than $6.5 billion.ĮBay’s 2.5 per cent revenue growth was well short of the 55 per cent increase in online retail sales as measured by the Australian Bureau of Statistics in 2020, when locked-down consumers shopped online.ĮBay’s ANZ revenue growth was also a fraction of that achieved by Amazon, Catch Group and .Īmazon’s total e-commerce revenue in Australia doubled to $1.21 billion in the 12 months ending December 31, and commission revenue from third party sellers jumped 129 per cent. The company’s revenue comes mainly from commissions on marketplace sales and transaction fees and would rise in line with growth in gross merchandise sales.ĮBay managing director Tim MacKinnon - ’We have witnessed the rapid acceleration of e-commerce first hand.” Wolter Peeters EBay Australia appears to have missed out on the boom in online spending fuelled by the coronavirus crisis, despite retaining its title as the most popular e-commerce site in Australia.ĮBay’s revenue in Australia and New Zealand rose just 2.5 per cent to $62.3 million in the 12 months ending December 31, after growing 26 per cent to $60.8 million in 2019, according to accounts lodged with the corporate regulator this week.
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