Joe. us. for joining afternoon, thank and you Thanks, Good everyone,
role to our those workforce. fundamental have mobilized our difficult continues This is the that want of our help and This the to first customers human acknowledge world. is eBay time to tragedy exists I'm many, in and support affected. purpose our motivates discussing and eBay results, communities proud around and people unfold employees I Ukraine. how for to At to Before quarter a very terrible core,
citizens, consumer impact for this our events strong. actions help we European will negative direct Despite in to global region. refugees primarily continue indirect to and customers for on and in health, addition headwind, In results a QX were support These had unexpected markets. the policy have
innovation stores Let from categories regularly over the me year. methods enthusiast and Sellers marketplace. are shop simpler grow XX XX seeing listing climate these in eBay quarter. we Focused items several to continue rest buyers, experience, category highlight few buyers a announced than deal to and continue We to faster testing per we of the eBay purchasing German expanded, improvements quarter. started the payment and on achievements the popular more a unified made with new a times to the million provide eBay, to wallet.
GMV to our billion significant we advertising in to Sellers to DE&I close sustainability $X.X increased $XX.X on over revenue. due expectations. grew goals. And and led delivered Our and financial business progress faster the adoption this products. at GMV made in turning end our optimization billion finally, of We buyers new and and high are results of than eBay, and e-commerce, to
laid non-GAAP investments while XX% And Investor $X.XX, margin. long-term operating EPS out achieving make We our continue of at ahead the to $X.XX Day consensus. was a
in late seen low pleased lower are year. consumer costs and home have Given traffic, energy we are gas the Germany. particularly and the the we around and began, performance February, U.K. Ukraine our to with the our historically prices in in start facing challenges world, war Since e-commerce customers confidence, inflation the when
we in XXXX, CEO. forward the rest As ourselves I as to most eBay macro to find dynamic the seen since we environment have of look returning
year reflects our based Steve detail into and expectations revised e-commerce will guidance rates growth our on recent year, our full about go to We expect more near-term year more later. trends. best headwinds this
is size example In the reimagination remains platform. on in clear ASP in targets. trading remains unprecedented we first the During restrictions by the has which One Since time, on is categories. year's health boosted towards to growth one these our more cards, top investments in growth the mobility the stimulus-driven pre-pandemic exceptional track category underlying GMV is points than focus improving that of the trust, comps, long-term are tech-led thing This of elevated. GMV Despite surge, The growth driving QX, our is uncertain our half volume and was one of are that an of XXXX, that leading volume business, faster levels. surge rest satisfaction, in X trading QX, focused excluding year-over-year In GMV times, cards drove we growth. grew user marketing products. and faster higher customer experience remained than high last of challenging saw double healthiest stimulus. And of many businesses. and
launched platform, continue trading trust In As we cards to to innovate between authenticity we $XXX. above ungraded for a guarantee sellers. leading cards QX, our buyers and experience increase
this cards leader expanded we Just signing and global trading grading with the partnership week, PSA, to a authentication. by strategic card authentication in
will result expect growth. in increase customer GMV satisfaction this and partnership more We
in billion We buyers or an our the are to able GMV significant of $X Vault the to seconds business. securely opportunity of without growth in sellers few between next reauthenticate. need will transform incredibly see a Collectibles ship vault to excited transfer to potential. in hold years, We vault the Items for which and in to will inventory up creating our be revenue the and need this the quarter, the launch of matter
Looking continue to expand and we categories focused beyond Collectibles, coverage to of more products markets.
high-value March, Australia. the and we At examples. of few U.K. a share authenticating started the me handbags in Let end
guarantee bags in began the of authenticity U.S. the covered by handbag brands to our also and authenticate expanded number men's We
After with Refurbished. QX steps. have program laptops we area tablets, products and direct Another expanded watches, was success in manufacturers, smart across eBay from certified the significantly guest
which wide saves and refurbished e-commerce, inventory can to consumers and buyers reduces across trusted backed a double-digit sellers last products moneyback year's of X top rates at rate. from luxury strong watch carbon To emissions. across to by guarantee growth over of watches money Now authenticated contribute shop we The have category on range continues These warranties. date, markets. grow positive eBay's $X,XXX
vehicle inventory of trends need. driving positioned approach low GMV With are deployed current and rest buyers This January, are authentication, approximately quarter, $X,XXX. fee Sneaker new other consumers X.X billion milestone We and to and final and ability in added for across most the of levels. vehicles. includes U.S. to journey additional business trust and momentum in are for These In chain remains partnerships sneakers U.S., and historically category, which $X,XXX they growth demonstrates other supply authentication. scalability to These customer fees we This price our fees categories an of extend listings, significantly of increased up and the P&A our the we used lower the we faster also effectiveness growing parts the satisfaction near in platform the accessories, playbook. life watches all high in is cars. request a and our value more constraints through than the in markets. the service and our and continued. expert is important social markets platforms their In parts to increase reintroduced investments. than are to the driving valued successful international repeated This influencer the supply marketing marks well first verification the between portable feature for
A marketing in showcased billion been restored selection. enthusiasts are see full X our for reconcept influencers Show several consideration. and supporting inventory in have modest cars unique week, partnerships showcase vast includes investing impressions that in parts enthusiasts in in is eBay. eBay accessories New Parts X and are generated gains and the with These we initial on where event do-it-yourself momentum We parts leading custom the This media we starting and to category. the recent vehicles. Auto December, top funnel since in P&A York, to seeing This influencers hard-to-find using crafted example
While store's changes what we experience. QX, to making sellers enhancements in buyers sellers significant are categories, grow made are site-wide all several and business. to we their further we help also In modernize our love doing focused
sellers storefront story, their to page business. First, tell ability our and brand the in new their provides increase trust showcase their
stores optimized SEO free we Second, more for to traffic. drive
store stores support save to sellers the throughout sellers help buyer To them base, we increased purchases. buyers inventory of find ability easier their journey. made for and it we the enthusiasts for buyer grow also for and the to prominence future Third, increased
which Now leads frequency. the when to This increase they date, purchase purchase seller. save saved are items, buyers prompted checkout that after more Xx has a to sellers of number to driven in
X.X New buyers million $XXX from buyers seller coupons as for in have categorize sending an can unique To help twice likely date, are they in in To improve to XX are buyers million repurchase More seller item equating days who approximately targeting, save item. sellers coded purchases. a more over their now marketing sellers to than customized an coupon, repeat GMV. first drive funded campaigns. their to groups a purchased
Our purchase balance platform is for scaling at track in our German the including readily and pay are available or items started with is invoice for like When sellers we March, this early for bringing underway, Investor expenses studies digital transactional announced them methods, signed and buyers. pay and consumers all on and sellers to other popular wallet new installments, Day. make to testing payment reducing that and shipping X Klarna to enabling payments German upon we and money, quarter. available it on We QX, friction services new in stored selling eBay labels. an is agreement We to buyers. payment Testing earn
customers giving on We our option across in revenue we After is This local transactions in will simplifies and pace also leverage reducing started currency addition more benefit the sellers excited Approximately services innovation. platform listing. further continue to friction, scale the purchases. to and pay buyers currency new by QX, and In trade the these the to during borders, buyers. incremental migration of X are year, to expand reduce fund year. optimize moving X our friction and the last launch to we payments to innovation the feature payments of this feature in completing their and payments. enables to in I'm quickly occurs cross-border
in XX and is advertising. growth was outpaced area driven our Promoted was revenue which due million points to up business again volume. $XXX accelerated generated X%. innovation than where our This driving Another it Ad innovation. growth once In product GMV, ads faster has is Listings, revenue, by QX,
and our ad ahead. XX% revenue, Promoted versus to see growth last Listings most which QX. product, drives years the are standard first-party adoption we runway the cycle and launched but X Our The are drive in through new than products still of more early in quarters year And growth increased conversion optimization. continues up further
this feature Promoted for is attracting more auction The first A price auction several Express, leverages hundred product, is realization listing. Listings conversion and that per sellers. typical buyers increasing
Listings, spend. of global The our now product, Similar to Listings, Promoted External their second is to the Promoted sellers ad open standard entire value seller choose base.
We to Listings. the list affiliate to partners to in program the drive expand Promoted more with of traffic sellers continue directly
been In and QX, opportunities third sellers. more limited and The Listings to we while groups, capacity time of significant expanded product, reach still professional product potential, ad bidding take data, scaled providing Promoted will full for flexibility. we growth. Advance, number see more This to has its the
revenue are invest for platform and ad our the continuing to foreseeable We future. advertising outpace to volume in expect
make to progress on We meaningful ESG. continue
highlights. me few a share Let
are X.X Recommerce growing XXXX, growing for to In is carbon goods avoided sale a million of non-new to XXX,XXX in positioned you hit on focus is of This taking $X road cars shared the Investor positive the Day. well Firstly, over in goals and for equivalent many categories. refurbished goods. and generated year. off from economic our and refurbished eBay the emissions, I on categories, to tons metric Recommerce. Demand we used impact due and used activity billion our with at on long-term platform season
proud of around efforts team's our I'm Secondly, DE&I.
objectives our equitable about insights a report fearlessly place our inclusion belonging, truly work. technology. sixth are publish building and build increased how This cultivating We is diversity, sense sell, to engaging and and Aligning communities and richly diverse, into these objectives: report. equity on a we of representation, and inclusive to executing our provides annual strategic buy X inclusive
impact our ambitious, third The Last is the we science-based year, progress set of I like planet. reducing area would to highlight long-term, targets. on
X XX% emissions we For XXXX. year reduced versus XXXX, X Scope and full by the
of on For impact emissions versus we Scope growth. the shipments reduced despite which X, X% our by includes XXXX platform, volume
energy company. our now sources, and of carbon-neutral renewable we Lastly, XX% comes a from remain
Charity over eBay and whose raised report Glide, generosity buyers. recently can our committed of QX, for month. XX In with auction in the for to eBay Power QX. always annual X%. has of and the sellers center equity. more is We You years Since details find eBay $XX over $XX finale to sustainability million about programs our impressed later charity impact mission Warren nationally our this up One of by $XX barriers I'm the million, The systemic launching remove grand support ago, nonprofits million over recognized been Buffett. a to raised on Foundation, entrepreneurship, to announced
dollars Children. customer several Cross, campaigns channels, March, countries, to Ukraine-related matching which eBay contributions and for went Foundation other during $X.X from a many efforts. Across employee that the and Save In addition, supported Ukraine of customers over of the give In Red company at Ukrainian has of raised was causes. millions million and the to employee gifts, Nova support contributed relief number raised checkout
people more collectors. a new payments, drive store payment German a repeat sellers to company In for meaningful to buyers. a new eBay the encouraging handbags, We increased launched fronts team and our category enhanced eBay favorite was new buyers watches, a their sellers relentlessly experience digital QX for this And helping features the game-changing closing, And several for with we quarter, very on the we launch fortunate a for and year. SEO. Vault to We purpose-driven to scale laid to testing are save coverage In for groundwork purchases. like the to deliver focused trading communities. Refurbished. Klarna strong wallet in start buyers, cross-border to started extended and currency options released store and cards We work focused impact we're
is to in. ambitious support business this new an the live innovation. of and communities product advertising volume through world meaningfully ESG outpacing our growth we achieving are executing optimization Our we all and And on agenda while
improving whose our Steve, e-commerce. tireless like I also seller all my and and dedication like make hand our their are delight customers unique to global to and underlying energy appreciation in health of truly business our to Before it efforts would express community over communities. I I day. to our thank for Their our to would marketplace every inventory focus sincere employees support and buyer differentiated
With over to back the provide His drive performance. eBay continue be I'll to as record turn thrilled leader. Eddie the tech-led new I'm Steve, to and to welcome eBay details Lastly, innovation of Garcia great will financial of on you. track to our wealth core more knowledge product to reimagination. to that, our over assets call Steve
