Companies /Consumer Cyclical

EBay Inc

NASDAQ: EBAY Internet Retail
$106.70
▲ $1.72 (+1.64%) today
Markets closed · 3:34am ET

Q1 2025 Earnings

Reported Apr 30, 2025, 4:08pm ET · SEC source
$1.38
Beat +3.23%
EPS · est. $1.34
$2.6B
Beat +1.50%
Revenue · est. $2.5B
+5.5%
Beating market
EBAY vs S&P since report
6 quarters
Consecutive EPS beats

Market Reaction

% change · around the report
−2%0+2%Apr 30May 1report 4:08pm ETearnings+0.0%−0.9%
−2%0+2%Apr 30May 1earnings+0.0%−0.9%
EBAY −0.9%S&P 500 +0.0%
−2%0+2%Apr 30May 1report 4:08pm ETearnings+0.0%−0.9%
−2%0+2%Apr 30May 1earnings+0.0%−0.9%
EBAY −0.9%NASDAQ +0.0%
−3%0+3%+6%Apr 29May 8report 4:08pm ETearnings+1.3%+4.9%
−3%0+3%+6%Apr 29May 8earnings+1.3%+4.9%
EBAY +4.9%S&P 500 +1.3%
−3%0+3%+6%Apr 29May 8report 4:08pm ETearnings+1.6%+4.9%
−3%0+3%+6%Apr 29May 8earnings+1.6%+4.9%
EBAY +4.9%NASDAQ +1.6%
−0.72%
Day of report
+1.37%
Next session
+4.27%
One week
+12.24%
30 days

S&P 500 over the same 30 days: +6.74%.

Did EBAY Beat Earnings? Q1 2025 Results

eBay opened 2025 on solid footing, posting a fourth consecutive quarter of positive gross merchandise volume growth as the e-commerce marketplace beat Wall Street expectations on both the top and bottom lines. Non-GAAP earnings per share came in at $1.38, clearing the $1.34 consensus estimate by 3.23%, while revenue of $2.58 billion edged past the $2.55 billion forecast by 1.50%, rising 1.1% year-over-year. The clearest engine behind the results was advertising, where first-party ad products grew 13% to $418 million, reinforcing the platform's expanding monetization capabilities. Free cash flow also strengthened notably, reaching $644 million versus $472 million a year ago, enabling the company to return $759 million to shareholders through buybacks and dividends. Alongside the results, eBay announced a significant leadership reshuffle, including a CFO transition as Peggy Alford steps in to replace departing Steve Priest. Looking ahead, the company guided Q2 revenue of $2.59 billion to $2.66 billion and non-GAAP EPS of $1.24 to $1.31, with management citing tariff uncertainty as a factor behind a wider-than-typical guidance range.

Key Takeaways
  • Focus Categories and geo-specific investments driving momentum
  • Fourth consecutive quarter of positive GMV growth
  • First-party advertising revenue growth of 13% as-reported and 14% FX-Neutral
  • Active buyers grew 1% year-over-year to 134 million
  • U.S. GMV grew 1% year-over-year to $9.07 billion

“eBay's first quarter results were ahead of expectations, as we delivered our fourth consecutive quarter of positive GMV growth. Our Focus Categories and geo-specific investments are driving momentum in the business, and we continue to innovate – leveraging Al to make our marketplace more efficient and intuitive for customers.”

eBay CEO, on the earnings call

Forward Guidance & Outlook

For Q2 2025, eBay guided revenue of $2.59 billion to $2.66 billion with FX-Neutral year-over-year growth of (1)% to 2%. GMV is expected between $18.6 billion and $19.1 billion with FX-Neutral growth of (1)% to 2%. GAAP diluted EPS is expected at $0.87 to $0.94 and non-GAAP diluted EPS at $1.24 to $1.31. The company continues to invest for the long-term health of the marketplace while navigating a dynamic demand environment.

EBAY YoY Financials

Q1 2025 vs Q1 2024 · SEC filings Q1 2024 Q1 2025
$0$800.0M$1.6B$2.4B$2.6B$2.6BRevenue$1.9B$1.9BGross Profit$631.0M$616.0MOperating Income$438.0M$505.0MNet Income
$0$800.0M$1.6B$2.4BRevenueGross ProfitOperating IncomeNet Income

EBAY Revenue by Segment

Advertising$442.0M
First-Party Advertising$418.0M+13.0%

EBAY Revenue by Geography

United States
Rest of World

Figures from SEC filings and company reports. Not investment advice.