Exhibit 99.1 eBay Inc. Reports First Quarter 2025 Results San Jose, California, April 30, 2025 – eBay Inc. (Nasdaq: EBAY), a global commerce leader that connects millions of buyers and sellers around the world, today reported financial results for its first quarter ended March 31, 2025. "eBay's first quarter results were ahead of expectations, as we delivered our fourth consecutive quarter of positive GMV growth," said Jamie Iannone, Chief Executive Officer at eBay. "Our Focus Categories and geo-specific in ...

Core Points - eBay announced the departure of Chief Financial Officer Steve Priest, effective May 11, 2025, with Peggy Alford set to take over as CFO on May 12, 2025 [1][2] - Steve Priest will remain in an advisory role until July 31, 2025, to ensure a smooth transition [1][2] - Peggy Alford brings over 20 years of experience in finance and operations within the technology sector, and is expected to enhance eBay's leadership team [3] Leadership Changes - eBay is evolving its leadership structure to promote faster innovation and deeper collaboration across teams [4][6] - Jordan Sweetnam will lead the newly combined Global Markets and Product organization as Chief Commercial Officer, while Mazen Rawashdeh will head the unified engineering organization as Chief Technology Officer [5] - Eddie Garcia, Chief Product Officer, will be leaving eBay as part of these leadership changes [6] Strategic Focus - The company aims to enhance speed, alignment, and customer-centricity by integrating product and market teams into a more agile structure [4] - eBay's leadership evolution is positioned to drive long-term growth and deliver greater impact for buyers and sellers [6] - The changes are intended to accelerate innovation with new technologies, including artificial intelligence [6] Company Overview - eBay is a global commerce leader that connects millions of buyers and sellers, enabling $75 billion of gross merchandise volume in 2024 [7] - Founded in 1995, eBay operates in over 190 markets worldwide, providing opportunities for economic growth [7]

Revenue of $2.6 billion, up 1% on an as-reported basis and up 2% on an FX-Neutral basis Gross Merchandise Volume ("GMV") of $18.8 billion, up 1% on an as-reported basis and up 2% on an FX-Neutral basis GAAP and Non-GAAP earnings per diluted share of $1.06 and $1.38, respectively GAAP and Non-GAAP operating margins of 23.8% and 29.8%, respectively Returned $759 million to stockholders in Q1, including $625 million of share repurchases and $134 million paid in cash dividendsSAN JOSE, Calif., April 30, 2025 ...

Core Viewpoint - eBay is set to report its first-quarter 2025 results on April 30, with expectations of total revenues between $2.52 billion and $2.56 billion, and diluted non-GAAP earnings per share between $1.32 and $1.36 [1][2]. Revenue Expectations - The Zacks Consensus Estimate for revenues is currently at $2.55 billion, reflecting a 0.35% decrease from the previous year's quarter [2]. - The consensus for earnings has remained at $1.34 per share, indicating a 7.20% increase from the year-ago quarter's $1.25 [3]. Performance Insights - eBay has consistently surpassed the Zacks Consensus Estimate for earnings in the last four quarters, with an average positive surprise of 3.40% [3]. Factors Influencing Performance - eBay is expected to benefit from momentum in Focus Categories, particularly Motors Parts & Accessories, Trading Cards, and Refurbished goods [4]. - Strategic enhancements, such as the expansion of managed shipping in the UK and the use of AI-driven tools, are likely to support gross market value (GMV) trends and modest revenue growth [4]. Monetization and Cost Considerations - The introduction of buyer protection fees for UK C2C transactions and improvements in the managed shipping program are anticipated to contribute to monetization, although these initiatives were only partially implemented [5]. - Operating margins are guided between 29% and 29.4%, but margin expansion may be constrained by increased depreciation expenses and costs related to mergers and acquisitions [7]. Market Conditions - eBay's revenue performance may be impacted by slower consumer demand in key international markets, particularly in the UK and Germany, where macroeconomic softness is evident [8]. - While the U.S. market shows more resilience, international weaknesses could offset gains from Focus Categories and advertising [8].

Core Viewpoint - eBay is expected to report quarterly earnings of $1.34 per share, reflecting a year-over-year increase of 7.2%, while revenues are anticipated to decline by 0.4% to $2.55 billion [1] Earnings Estimates - Over the past 30 days, the consensus EPS estimate has been adjusted downward by 2.1%, indicating a reassessment by analysts [2] - Changes in earnings estimates are crucial for predicting investor reactions, with empirical studies showing a strong relationship between earnings estimate revisions and short-term stock price performance [3] Key Metrics - Analysts forecast Gross Merchandise Volume (GMV) to reach $18.54 billion, down from $18.62 billion year-over-year [5] - Active Buyers are expected to total 134.14 million, an increase from 132 million in the same quarter last year [5] - Gross Merchandise Volume - International is projected at $9.68 billion, slightly up from $9.65 billion year-over-year [5] - Gross Merchandise Volume - US is expected to be $8.85 billion, down from $8.97 billion in the same quarter last year [6] - Total transaction take rate is anticipated to be 13.8%, a slight increase from 13.7% in the same quarter last year [6] Stock Performance - eBay shares have changed by +1% in the past month, contrasting with a -4.3% move of the Zacks S&P 500 composite [7] - eBay holds a Zacks Rank 3 (Hold), suggesting it is expected to mirror overall market performance in the near future [7]

Group 1 - eBay has expanded its partnership with Klarna to offer buy now, pay later (BNPL) options to American consumers, allowing them to split eligible purchases into four interest-free payments or choose longer-term financing [1][2] - Klarna's BNPL services have already been available to eBay shoppers in several European countries, and the company has introduced a resale feature in its app that simplifies the process of listing previously purchased items on eBay [2][3] - Since December 2024, Klarna's resale feature has generated over 500,000 new eBay listings, including refurbished electronics and preowned fashion items [3] Group 2 - Klarna has a significant presence in brick-and-mortar retail, with a recent partnership with Clover enabling installment payments at over 100,000 stores [3] - eBay is also expanding its payment acceptance through a partnership with Checkout.com and has added Venmo as a checkout option for U.S. customers [4] - The consumer popularity of BNPL continues to grow, with 38% of American consumers using BNPL as of late 2024, and BNPL transactions in the U.S. valued at $175 billion [5][6]

智通财经APP获悉，华尔街金融巨头高盛集团在最新发布的一份美国电商行业研究报告中，系统性地分析了全球关税政策升级对美国电商行业的多维度冲 击，重点聚焦终端需求变化与美国关税政策之下的电商成本传导机制。高盛研究团队基于宏观经济模型、历史周期对比(2007-2009年金融危机参照)以及高频 数据跟踪，预判2025Q1与Q2电商板块面临关税成本带来的盈利预期下行风险，但结构性的投资机遇存在于未来消费者们愈发向服务性质的消费转移以及电 商龙头平台的强大业绩韧性，这些颇具弹性的电商股有望大幅跑赢美股大盘——标普500指数。 在美股市场，多数电商股，以及零售类股票自4月以来持续面临抛售，大幅跑输标普500指数，并且美国金融市场出现史上罕见的"股债汇三杀"，主要逻辑在 于全球资金对于美元资产的持有信心因特朗普关税政策带来的宏观经济层面巨大不确定性，以及特朗普政府欲罢免鲍威尔威胁到美联储独立性而大幅削减， 加之多数投资者押注特朗普激进的进口商品关税政策带来的通胀卷土重来趋势，可能令近年来因通胀持续高企而钱包捉襟见肘的美国消费者们愈发削减支 出。 密歇根大学消费者调查数据显示，消费者信心指数创下自2022年6月以来的最低水平， ...

Core Viewpoint - Retail sales in the United States have shown a positive trend, rising for the second consecutive month in March, indicating a potential investment opportunity in retail stocks [1][3]. Retail Sales Performance - Retail sales increased by 1.4% month-over-month in March, following a 0.2% rise in February, exceeding the consensus estimate of 1.2% [3]. - Year-over-year, retail sales grew by 4.6% in March, with sales excluding autos rising by 0.5% month-over-month, surpassing analysts' expectations of 0.3% [4]. - Specific sectors such as sporting goods, hobby, and music stores saw a 2.4% increase, while food and drinking places rebounded by 1.8% in March [4]. Economic Context - Concerns over tariffs announced by President Trump have affected consumer sentiment, with fears of increased commodity prices and potential economic recession [5]. - Trump imposed a 25% import duty on foreign-made cars and a 10% baseline tariff on all trading partners, leading to significant market losses initially, but a 90-day halt on reciprocal tariffs has since improved market conditions [6]. Retail Sector Outlook - The retail sector is expected to benefit from the Federal Reserve's potential resumption of interest rate cuts, which could support consumer spending as inflation shows signs of decline [7]. Selected Retail Stocks - **eBay Inc. (EBAY)**: Expected earnings growth rate of 8.4% for the current year, with a Zacks Rank of 2 [9]. - **JD.com, Inc. (JD)**: Expected earnings growth rate of 11.3% for the current year, holding a Zacks Rank of 1 [11]. - **The Gap, Inc. (GAP)**: Expected earnings growth rate of 7.7% for next year, with a Zacks Rank of 1 [12]. - **The Kroger Co. (KR)**: Expected earnings growth rate of 6% for next year, currently holding a Zacks Rank of 2 [13]. - **Tapestry, Inc. (TPR)**: Expected earnings growth rate of 14.7% for the current year, with a Zacks Rank of 2 [15].

Industry Overview - The Internet-Commerce sector has experienced significant growth since the pandemic, particularly among Gen-Z consumers who are accustomed to high levels of digitization [1] - The evolution of Internet-Commerce is driven by advancements in user devices and AI-enabled software platforms that enhance transaction capabilities and user satisfaction [2] - E-commerce differentiation is achieved through improved technology for showcasing products, easier navigation, payment options, faster delivery, and enhanced brand loyalty [4] Investment Opportunities - It is advisable to invest in Internet-Commerce stocks with a favorable Zacks Rank, including Carvana Co. (CVNA), eBay Inc. (EBAY), Tripadvisor Inc. (TRIP), Chewy Inc. (CHWY), and Alibaba Group Holding Ltd. (BABA) [3][6] - The subscription model for repeat-use items is gaining traction, making it easier for consumers to order and for retailers to manage inventory, with discounts often offered to consumers [5] Company Highlights - **Carvana Co. (CVNA)**: Acquired ADESA's U.S. operations, enhancing logistics and auction capabilities. Expected revenue growth of 23.6% and earnings growth of over 100% for the current year [10][12][11] - **eBay Inc. (EBAY)**: Growth driven by Focus Categories and advertising offerings, with expected revenue growth of 1.7% and earnings growth of 8.4% for the current year [13][14] - **Tripadvisor Inc. (TRIP)**: Benefiting from strong performance in Viator and TheFork segments, with expected revenue growth of 4% and earnings growth of 7.7% for the current year [15][16] - **Chewy Inc. (CHWY)**: Focused on e-commerce for pet products, with expected revenue growth of 4.5% and earnings growth of 18.3% for the current year [17][18] - **Alibaba Group Holding Ltd. (BABA)**: Performance boosted by monetization of Taobao and Tmall, with expected revenue growth of 4.5% and earnings growth of 24.4% for the current year [19][21][20]

For those looking to find strong Retail-Wholesale stocks, it is prudent to search for companies in the group that are outperforming their peers. eBay (EBAY) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? Let's take a closer look at the stock's year-to-date performance to find out.eBay is one of 210 individual stocks in the Retail-Wholesale sector. Collectively, these companies sit at #10 in the Zacks Sector Rank. The ...