The US e-commerce company Ebay Inc. started solidly into the 2025 financial year. This emerges from the results for the first quarter, which were published on Wednesday. Ebay also presented changes in its management level, including a new Chief Financial Officer (CFO).
The turnover in the first quarter reached $ 2.6 billion (2.3 billion euros) and increased by one percent compared to the same period last year. The gross-like volume (GMV) increased to around $ 18.8 billion.
“The results of eBay for the first quarter were above expectations because we achieved the fourth quarter in a row a positive GMV growth,” said Chief Executive Officer (CEO) Jamie Iannone in a message.
Highlights of the first quarter and outlook
The profit per share was $ 1.38 and thus exceeded the corresponding level of the previous year by ten percent. The number of active customers: inside the company rose by one percent to 134 million.
For the second quarter of 2025, Ebay expects sales between 2.59 and $ 2.66 billion and a GMV between $ 18.6 and $ 19.1 billion. The profit per share adjusted for special effects should increase up to $ 1.31. In addition, the company decided to have 29 cents per regular share.
Ebay appoints Peggy Alford to the CFO
Ebay also announced that Chief Financial Officer (CFO) will leave Steve Priest. However, he is advisable to the company until July 31 to ensure smooth transition, according to a statement.
Peggy Alford is scheduled to succeed on May 12, 2025. It has more than 20 years of experience in the technology sector and already held various leadership roles in the operational and financial sector.
In addition to changing the CFO post, Ebay is developing its management structure to advance faster innovations and improve cooperation. The company terminated its product and market teams in an organizational unit that Jordan Sweetnam will lead as Chief Commercial Officer (COO). Mazen Rawashdeh should in future lead the integrated development department as Chief Technology Officer (CTO).
This article was used with digital tools translated.
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