Positive GMV and Revenue Growth
Gross merchandise volume grew nearly 2% to approximately $18.8 billion, marking the fourth consecutive quarter of positive GMV growth. Revenue increased over 1% to $2.58 billion.
Strong Non-GAAP Earnings
Non-GAAP earnings per share grew by 10% to $1.38. The company also returned approximately $760 million of capital to shareholders through repurchases and cash dividends.
Focus Category GMV Growth
Focus category GMV grew by over 6% in Q1, with collectibles being the largest contributor to growth for the second straight quarter.
Growth in First-Party Advertising
First-party advertising revenue grew 14%, with active Promoted Listings increasing and making up over $1.1 billion of the more than $2.3 billion total listings on eBay.
Innovation in Trading Cards
eBay's strategic partnership with collectors and PSA continues to yield benefits, with innovations such as grading services and seamless integrations enhancing the trading card marketplace.
Fashion Category Improvements
eBay launched new AI-powered shopping experiences and expanded inventory coverage for authenticity guarantee in the fashion category, generating over $10 billion of GMV annually.
Geo-Specific Initiatives Success
Significant improvements in the U.K. consumer-to-consumer (C2C) market, with initiatives materially improving GMV trends and outperforming internal expectations.