Overstock’s Revenue Decreases 17% in Q1 2019 From Q1 2018 Due to Decline in Sales By Cointelegraph

Online retail giant and major crypto industry disruptor Overstock.com (NASDAQ:) has seen a 17% decrease in revenue in Q1 2019 from Q1 2018, the firm’s CEO Patrick Byrne revealed in the latest quarterly report released on May 9.

Overstock’s total net revenue reportedly decreased from $445 million in Q1 2018 to $367 million in Q1 2019, as the company saw a sufficient decline in sales and marketing expenses as part of their effort to bring back retail profitability.

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