Q1 2025 eBay Inc Earnings Call Transcript
Key Points
- eBay Inc (EBAY) reported its fourth consecutive quarter of positive gross merchandise volume (GMV) growth, with a nearly 2% increase to $18.8 billion.
- Revenue increased over 1% to $2.58 billion, and non-GAAP earnings per share grew by 10% to $1.38.
- The company returned approximately $760 million to shareholders through repurchases and cash dividends.
- Focus category GMV grew by over 6%, with collectibles being a significant contributor, particularly in trading cards.
- eBay Inc (EBAY) continues to innovate with AI-powered shopping experiences and strategic partnerships, enhancing customer experience and marketplace efficiency.
- Tariffs and changes to customs requirements in the US have created uncertainty for small businesses and weighed on consumer confidence.
- The macro environment remains uncertain, with uneven demand and potential impacts from trade policy changes.
- International markets, particularly Germany and the UK, are experiencing weaker macroeconomic conditions compared to the US.
- Non-GAAP gross margin declined due to headwinds from depreciation expense and traffic acquisition costs.
- The UK C2C initiative pressured overall take rate by approximately 30 basis points in Q1.
Good day everyone. My name is Leyla, and I will be your conference operator today. At this time, I would like to welcome you to the eBay 1st quarter 2025 earnings call. All lines have been placed on mute to prevent any background noise.
After the speaker's remarks, there will be a question and answer session. If you would like to ask a question during this time and if you have joined via the webinar, please use the raise hand icon, which can be found at the bottom of your webinar application.
At this time, I would like to turn the call over to your speaker.
Good afternoon.
Thank you all for joining us for eBay's first quarter 2025 earnings conference call. Joining me today on the call are Jamie Ianon, our Chief Executive Officer, and Steve Priest, our Chief Financial Officer. We're providing a slide presentation to accompany our commentary during the call, which is available through the investor relations section of the eBay website at investors. Ebayinc.com.
Before we begin, I'll remind you that
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