Financial Data and Key Metrics Changes - Gross merchandise volume (GMV) grew nearly 2% to approximately $18.8 billion, marking the fourth consecutive quarter of positive GMV growth [7][34] - Revenue increased over 1% to $2.58 billion, with non-GAAP earnings per share growing by 10% to $1.38 [8][34] - Non-GAAP operating income was reported at $771 million, with a non-GAAP operating margin of 29.8% [34][40] - Free cash flow generated in Q1 was $644 million, with cash and non-equity investments totaling $6.2 billion at the end of the quarter [42] Business Line Data and Key Metrics Changes - Focus category GMV grew over 6% in Q1, with collectibles being the largest contributor to growth, particularly in trading cards [11][35] - The fashion category generated over $10 billion of GMV annually, with significant improvements in customer experience and AI-powered shopping features [13][15] - First-party advertising revenue grew 14%, with total advertising revenue reaching $442 million, representing GMV penetration of nearly 2.4% [23][39] Market Data and Key Metrics Changes - U.S. GMV grew nearly 0.5% in Q1, driven by focus categories, particularly trading cards [36] - International GMV grew nearly 3% on an FX neutral basis, although the macro environment in international markets, especially Germany and the UK, was weaker than in the U.S. [37][38] - Trailing twelve-month active buyers grew over 1% to 134 million, with spending per enthusiast buyer remaining over $3,100 [38] Company Strategy and Development Direction - The company is focused on leveraging its extensive selection of pre-loved and refurbished goods to mitigate consumer pressure during rising costs [10][11] - Strategic partnerships, such as with Collectors and PSA, are enhancing the marketplace's value proposition, particularly in trading cards [12] - The company is evolving its leadership structure to enhance innovation and cross-functional collaboration, with a focus on AI integration [30][31] Management's Comments on Operating Environment and Future Outlook - Management acknowledged the uncertainty created by tariffs and trade policy changes but expressed confidence in the company's ability to navigate these challenges [9][43] - The outlook for Q2 includes GMV expectations between $18.6 billion and $19.1 billion, with revenue forecasts between $2.59 billion and $2.66 billion [44][45] - For 2025, the company anticipates low single-digit GMV growth on an FX neutral basis, driven by focus categories and geo-specific investments [48] Other Important Information - The company returned approximately $760 million to shareholders through repurchases and cash dividends in Q1 [8][34] - Changes in leadership were announced, with Steve Priest stepping down as CFO and Peggy Alford set to take over [28][29] Q&A Session Summary Question: Demand elasticity in the current commerce landscape - Management noted that eBay is in a strong position to leverage its global seller base and adapt to changes in trade policies, with a focus on used goods during consumer pressure [55] Question: Impact of China tariffs on eBay's business - Management indicated that the Greater China to U.S. corridor accounts for about 5% of total GMV, with tools like Speedpack helping to manage tariff complexities [61][62] Question: Advertising revenue durability amid macro changes - Management reported strong demand for advertising, with no material impact from tariffs observed to date [68] Question: Resilience of eBay during potential consumer pullback - Management expressed confidence in eBay's resilience due to its inventory mix, which includes a significant portion of used and refurbished goods [85][86] Question: Competitive landscape changes due to macro shifts - Management is leveraging its competitive advantage in pre-owned goods and is actively marketing to attract new sellers, which is expected to enhance overall marketplace activity [92][95]

Financial Data and Key Metrics Changes - Gross merchandise volume (GMV) grew nearly 2% to approximately $18.8 billion, marking the fourth consecutive quarter of positive GMV growth [6][33] - Revenue increased over 1% to $2.58 billion, with non-GAAP earnings per share growing by 10% to $1.38 [6][33] - Non-GAAP operating income was reported at $771 million, and approximately $760 million was returned to shareholders through repurchases and cash dividends [6][33] Business Line Data and Key Metrics Changes - Focus category GMV grew over 6% in Q1, with collectibles being the largest contributor to growth, particularly in trading cards [9][10] - The fashion category generated over $10 billion of GMV annually, with significant improvements in customer experience and AI-powered shopping features [11][12] - Advertising revenue grew 14% in Q1, with first-party ads contributing significantly to this growth [22][39] Market Data and Key Metrics Changes - U.S. GMV grew nearly 5% in Q1, driven by focus categories, especially trading cards [34] - International GMV grew nearly 3% on an FX neutral basis, with macroeconomic conditions in international markets being weaker than in the U.S. [36] - Trailing twelve-month active buyers grew over 1% to 134 million, with spending per enthusiast buyer remaining over $3,100 [37] Company Strategy and Development Direction - The company is focused on navigating trade policy changes and supporting sellers and buyers through its Speedpack shipping program [7][8] - Strategic partnerships, such as with Collectors and PSA, are enhancing the marketplace's value proposition [10] - The leadership structure is evolving to enhance innovation and collaboration, with a focus on AI integration across various functions [29][30] Management's Comments on Operating Environment and Future Outlook - Management acknowledged the uncertainty in the macro environment but expressed confidence in the company's resilience due to its diverse inventory and seller base [54][100] - The company expects GMV for Q2 to be between $18.6 billion and $19.1 billion, reflecting FX neutral growth between negative 1% and positive 2% year over year [44] - For 2025, the company anticipates low single-digit GMV growth on an FX neutral basis, driven by focus categories and geo-specific investments [47][48] Other Important Information - The company announced leadership changes, with Peggy Alford set to become the new CFO [26][28] - The company is targeting share repurchases of at least $2 billion in 2025 while maintaining flexibility for opportunistic investments [49] Q&A Session Summary Question: How to think about demand elasticity in a rising pricing environment? - Management noted that eBay's vast seller base can leverage shipping solutions to adapt to trade policy changes, and the marketplace tends to be resilient during periods of consumer pressure [54][55] Question: Impact of China tariffs on eBay's business? - Management indicated that approximately 5% of total GMV comes from the Greater China to U.S. corridor, and the company has tools to help sellers navigate tariff complexities [60][61] Question: Durability of advertising revenue amid macro changes? - Management reported strong demand for advertising, with no material impact from tariffs observed to date [67] Question: How does eBay view the concept of agentic commerce? - Management expressed confidence in the progress made with AI tools and their integration into the customer experience, enhancing efficiency and engagement [74][75] Question: Health of consumer and leading indicators? - Management characterized U.S. demand as resilient, while noting concerns in international markets, particularly in Germany and the UK [100][101]

© 2025 eBay | Business & Financial Highlights Q1'25 Disclosures This presentation contains non-9A4P measures relating to our performance. You can find the resonciliation of these measures, except for FK-Neutral basis, to the nearest co GAAP measures in the appendix at the end of this gresentation. All grount rates regresent vear-sent vear-sent vear-somparisons, except as otherwise noted. For rumbers in th provided on an "FX-Neutral" basis, we calculate the vear-over-vear impact of forceign curnency movement ...

eBayQ1营收26亿美元 高于预期 智通财经5月1日电，eBayQ1营收26亿美元，市场预期25.5亿美元，去年同期25.56亿美元。 ...

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 ...

eBay (EBAY) is scheduled to report its first-quarter 2025 results on April 30.See the Zacks Earnings Calendar to stay ahead of market-making news.For the first quarter, eBay expects total revenues between $2.52 billion and $2.56 billion. EBAY’s diluted non-GAAP earnings per share are expected to be between $1.32 and $1.36.The Zacks Consensus Estimate for revenues is currently pegged at $2.55 billion, indicating a 0.35% decrease from the year-ago quarter’s reported figure.The consensus mark for earnings has ...

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]

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].