eBay CFO Transition and Positive Q1 Performance Announcement

Published 3 hours agoEBAY

eBay CFO Transition and Positive Q1 Performance Announcement

eBay has announced that its Chief Financial Officer, Steve Priest, will step down in May 2025. The company has appointed Peggy Alford, who previously held the position of Vice President at PayPal, as his successor. This leadership change comes amidst a backdrop of strong financial results for eBay in the first quarter of 2025.

In the recent quarter, eBay reported revenues of $2.59 billion, exceeding analyst expectations of $2.55 billion. Additionally, the company's Gross Merchandise Volume (GMV) saw a 1% increase year-over-year, totaling $18.8 billion. Earnings per share reached $1.38, surpassing the anticipated $1.34. According to Reuters, the company’s outlook for the second quarter projects revenues between $2.59 billion and $2.66 billion, slightly above the midpoint estimate from analysts of $2.60 billion.

eBay attributes its robust performance to continued demand in sectors such as luxury items, collectibles, and refurbished goods. CEO Jamie Iannone has highlighted significant advances in eBay's generative AI capabilities, including a new listing tool and improvements to search and advertising features, which have enhanced the user experience for both buyers and sellers.

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