Financial Data and Key Metrics Changes - The company achieved nearly $75 billion in GMV for the full year 2024, marking three consecutive quarters of year-over-year GMV growth [32][44] - Revenue increased by 2% on an organic FX neutral basis, with non-GAAP earnings per share rising 15% year-over-year to $4.88 [45] - The company generated approximately $2 billion in free cash flow and returned $3.7 billion to shareholders through repurchases and cash dividends [45] Business Line Data and Key Metrics Changes - GMV from focus categories grew 5% year-over-year on an FX neutral basis, with Motors, Parts, and Accessories being the largest category, generating over $10 billion in GMV [34] - Collectibles, particularly trading cards, showed strong results, accelerating for the ninth consecutive quarter in Q1 2025 [35] - The advertising business continued to grow, with enhancements made to advertising solutions and a redesigned first-party dashboard [39] Market Data and Key Metrics Changes - The marketplace ended 2024 with 2.3 billion live listings and 134 million active buyers across more than 190 markets worldwide [44] - The UK market saw improvements in the C2C experience, including the elimination of selling fees and streamlined shipping, contributing to stronger GMV [37] Company Strategy and Development Direction - The company aims to transform eBay into a leading destination for enthusiasts, focusing on delivering highly relevant experiences and scalable solutions [30][33] - Investments in AI infrastructure and tools are being made to enhance the buying and selling experience, including AI-powered features for sellers [41][42] - The company is committed to sustainability and the circular economy, generating significant positive economic impact through pre-owned goods [47][48] Management's Comments on Operating Environment and Future Outlook - The management highlighted the resilience of the business model amid a dynamic macro environment and emphasized the importance of innovation [31][45] - The company is focused on long-term value creation and community engagement, with a mission to connect people and create economic opportunities [46][49] Other Important Information - The company achieved its goal of using 100% renewable electricity across all offices and data centers one year ahead of schedule [48] - The board recommended against stockholder proposals regarding special meeting rights and director election resignation policies [20][26] Q&A Session Summary - No relevant and appropriate questions were submitted during the Q&A session, leading to the conclusion of the meeting [53]

Core Insights - eBay launched the "European Market Expansion Incentive Program" to empower sellers in Fujian, China, focusing on policy, traffic, and service support to capture new growth opportunities in the European e-commerce market [1][2] Group 1: Event Overview - The "2025 Fujian All-Category Summit" was held in Fuzhou, gathering hundreds of cross-border sellers and manufacturers to discuss the new blueprint for "Fujian Products Going Global" [1] - eBay's initiative is part of its national "Regional Quality Products Going Global Plan," emphasizing the importance of Fujian as a pioneer in cross-border e-commerce [1] Group 2: Support Measures - The "European Market Expansion Incentive Program" includes three main support areas: traffic support, policy support, and training empowerment [2] - Traffic support involves significant marketing activities across multiple European sites, including nearly twenty exclusive events for cross-border sellers from Greater China [2] - Policy support offers various fee reductions, such as full exemption from certain subscription fees, allowing sellers to receive up to 9% of their sales as fee refunds [2] - Training programs focus on key areas like product selection, logistics, compliance, and platform functionalities, combining online and offline formats [2] Group 3: Performance of Fujian Sellers - Fujian sellers have shown strong performance in the European and American markets, particularly in categories like automotive parts, home goods, fashion, and industrial products [3] - Automotive parts sales have seen double-digit growth, with specific products like air conditioning and ignition system components experiencing over 50% year-on-year growth [3] - Home products, especially renewable energy-related items, have also performed well, with significant sales increases in Germany and the UK [3] - The fashion category, supported by Fujian's textile industry, has seen over 20% growth in casual shoes and over 40% in watch sales year-on-year [3] - Industrial products like drive motors and servo motors have also achieved double-digit growth [3] Group 4: Seller Testimonials - eBay sellers in Fujian, such as those in the automotive parts sector, have reported strong demand and effective support from the platform, particularly after joining the "Motors Club" [4] - The sellers plan to increase their investment in eBay to further expand into the European market, highlighting the platform's role in their growth strategy [4]