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Summary
- E-commerce companies allow people to buy or sell goods online.
- Etsy Inc, an online platform for art and craft items, reported US$550.6 million consolidated revenue in Q1, 2021.
- eBay, a global e-commerce leader, recorded US$3 billion in revenue in Q1, 2021.
Ecommerce is a business platform that allows people to sell or buy items over the internet. It provides businesses and customers with a broader market and more buying options.
The digital era has increased e-commerce’s popularity among businesses and consumers. Furthermore, the industry saw a boom during the pandemic as more people bought goods online because of the lockdown, maing online shopping compulsory for some.
Qurate Retail Inc (NASDAQ:QRTEA)
Qurate Retail is an American media giant. It also has an interest in the e-commerce business. It sells mobile applications, video games, televisions, etc., through e-commerce.
Its stock was trading at US$13.43 during the premarket session on June 8. The stock gained around 27% YTD. Its market capitalization is US$5.4 billion.
Qurate’s revenue increased by 14% to US$3.3 billion in Q1. In addition, its e-commerce revenue rose 19% to US$2.1 billion. Its diluted EPS was US$0.49, an increase of 78% YoY.
Etsy Inc. (NASDAQ:ETSY)
ETSY offers a platform for creative artists and entrepreneurs to sell their products, like vintage musical instruments. Buyers can buy art and craft items.
The stock was trading at US$166.73 at 8.59 am ET on June 8, down 1.19% from the previous close. Its stock prices decreased by 3.43% YTD. Its market capitalization is US$21.3 billion.
It reported US$550.6 million in consolidated Q1 revenue, up 141.5% YoY. Its net income was US$143.8 million, up 1048.1% YoY. Its diluted EPS was US$1. The company had US$1.7 billion in liquidity at the end of the quarter in March.
ETSY’s marketplace revenue jumped 165% YoY to US$413.64 million in Q1.
Source: Pixabay.
Also read: Three Growth Stocks Flying In The Face Of Lockdown
EBay Inc (NASDAQ:EBAY)
eBay is a global eCommerce leader that connects buyers and sellers in 190 countries.
The stock traded at US$65.58 at 9.12 am ET, up 0.20% from the previous closing price. The stock price gained 27.33% YTD. Its market cap is US$44.5 billion.
The company recorded US$3 billion in revenue in Q1. Its gross merchandise volume was US$27.5 billion, and net income from operations was US$569 million.
Its number of buyers globally grew by 7% to 187 million in the past one year, while the number of international sellers increased by 8% to 20 million.
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Wayfair Inc (NYSE:W)
Wayfair Inc is an American e-commerce company that sells home furniture and goods.
Its stock traded at US$331.99 at 9.31 am ET on June 8, up 1.23% over the previous closing price. The stock price increased by 40.8% YTD. Its market capitalization is US$34.17 billion.
Wayfair reported net revenue of US$3.5 billion in Q1, up 49.2% YoY. Its gross profit of US$1 billion was an increase of 28.8% YoY, and its net income was US$18.2 million.
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Booking Holdings Inc (Nasdaq:BKNG)
Booking Holidays is one of the leading portals for travel and hotel bookings across the globe.
Its stock traded at US$2310.10 at 9.461 am ET, up 0.50% over the previous closing price. The stock price increased by 6.69% YTD. Its market capitalization is US$49.3 billion.
It reported total revenue of US$1.1 billion in Q1, a 50% decrease YoY. It logged a US$55 million loss, lesser than that of US$699 million the previous year.
Source: Pixabay.
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MercadoLibre (Nasdaq:MELI)
MELI is the largest online commerce and payments platform in Latin America. It enables digital payment and e-commerce. The company has a presence in 18 countries.
Its stock traded at US$1323.27 at 10.19 am ET, down 0.14% from the previous close. The stock price decreased by 19.29% YTD. Its market capitalization is US$66.4 billion.
Its net revenue rose to US$1.4 billion in Q1, up 114.4% YoY. Its commerce and fintech revenues were US$910.6 million and US$467.8 million, respectively.
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Chewy Inc (NYSE:CHWY)
Chewy Inc. is an online destination for pet shopping. Its stock traded at US$78.05 at 11.40 am ET on June 8, down 0.70% from the previous close. The stock price decreased by 12.26% YTD. It has a market cap of US$32.3 billion.
The company recorded net sales of US$2.04 billion in Q4 ended January 31, 2021, up 51% YoY. Its gross margin was up 27.1%, and net income was US$21.0 million.
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Jumia Technologies AG (NYSE:JMIA)
Jumia Technologies provides an e-commerce platform and a marketplace.
The stock was trading at US$32.22 at 12.10 pm ET, down 1.79% from the previous close. The stock price decreased by 9.89% YTD. Its market capitalization is US$3.18 billion.
It reported a gross profit of US$20.4 million in Q1, up 10.9% against US$18.7 million in the year-ago period.
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Alibaba Group Holding Limited (NYSE:BABA)
Alibaba Group is a leading technology and e-commerce company.
Its stock traded at US$215.14 at 12.40 pm ET, down 0.81% from the previous close. The stock price decreased by 5.55% YTD. Its market capitalization is US$582.9 billion.
It reported revenue of US$28,602 million in Q1, up 64% YoY.
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Amazon.com Inc. (NASDAQ:AMZN)
Amazon.com is a multinational technology company that focuses on e-commerce.
Its stock traded at US$32.58.30 at 12.46 pm ET, up 1.90% from the previous closing price. The stock gained 2.23% YTD. It has a market capitalization of US$1642.9 billion.
Its net income increased to US$8.1 billion in Q1, up from US$4 billion in the year-ago quarter. Operating income rose to US$8.9 billion from US$4 billion in Q1 of 2020.
