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#11
09-14-2021, 09:15 PM
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PWCC business is a rounding error to ebay
Just to make sure we all understand the scale.
ebay had $5.3 billion of revenue the first half of this year and $1.5 billion of operating income. PWCC's contribution to ebay's revenue was about $0.007 billion and maybe $0.002 billion to income*. A drop in the bucket. *PWCC reported $150 million of sales for the first half of 2021. ebay was charging PWCC fees of less than 5%, according to ebay, which would about $7 million at the most, and probably a lot less. At a 28% average margin to revenue, ebay's operating income on PWCC business would have been about $2 million (or $0.002 billion). Bottom line: ebay doesn't give a flying fig about PWCC. 
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