in another investing Good John. while in quarter solid QX, long-term delivered disciplined joining afternoon, key objectives. exceeding support We metrics our Thanks, everyone, across today. and for thank manner all us expectations all to you a
articulated the marketplace realize to strategy. Three would untapped to around tech-led our eBay. Before long-term This I I our the of path the quarter growth. discuss company a it firmly sell into evolution re-imagination through this sustainable a our help results, second ago, to becoming put buy of and best of ambition like details the enormous and on global potential of us jump years I'd
meaningful categories. we to of and our choices customers. our buyers products adapt uniquely We've renewed developed and Since to experiences are accelerated needs on offer for shopping then, our changing focus innovation in positioned world-class where we've buyers. logical experiences, pivoting value the focus And enthusiast to next make approach support we've to it These retaining aimed to journey. a to funnel attracting accomplishments phase strategy at embark and on a marketing changed full our time of the these our
an foundational vision our prioritization non-new set products, work for will have of in which including of ambitious we're and bar on enthusiasts and the The expansion reinventing now focus at our more tech-led of the for is initiatives. payments innovation continue, even re-imagination ads And future eBay. categories raising sights our of only e-commerce
achieve the by will this vision key scalable focusing pillars: and magical on relevant years innovation. coming We experiences, in X solutions
needs shopping Let's specific solving ever-changing all start with first relevant are and we our experiences. across the occasions. customers means our This pillar, of
our focus into dramatically strategy, can proven improve when customer category translates relevant that we which GMV Through growth. we've experiences, faster we satisfaction build
years leverage to needs experience. capabilities we'll and we have at elements few the site-wide over and the to category will developed technologies new enhance customer understand we level, tools, While continue the last the more of innovate
inspire over personalized their more a on will with rolled the evolution will result online browsing for This overhaul and user eBay. experience experiences our comprehensive beyond. This includes simpler, and relevant, developing shop to connect that in people through and shoppers consistent next a generation sell, out of of phases in community XXXX course more experience design of the
buyers, the intelligence, Enabled the and journey of and AI, to core will infrequent by effort shopping search, This stakeholders initiative intelligent we eBay ensure enthusiasts. modernized is product, between and needs of scale. by the to aspects computing other new design, of engineering our key to inventory powered fine-tune cross-collaborative shopping experience cater shoppers other breadth a artificial is at varying
We average higher and drive per grow lifetime believe values enthusiasts and buyer. will ability innovations ultimately curves, increase our spend cohort bend to these
view out most more page rolling which these intuitive a began is page, starting consumers changes We item visited to with on in eBay. recent the and modern months, testing
page The streamlined larger a images GMV an measurable resolution design. a tests hierarchy. higher and Early information offers uplift updated appearance, and in our existing versus indicate optimized
Over homepage, look, updates including our the of experience search next landing a continued the results item, and our few quarters, and you view header, marketplace, evolution will see to other feel of pages.
is retrieval, our for and amazing or capabilities reducing new customers. learning critical. low like in investing for inventory improve no in see ranking we're similarity with work, results relevance to there's if queries and investing We're also search, this deep Alongside where visual technologies of to more
relevance, let's scalable asset. improving our pillar, powerful scale solutions. second Now turn is a to with Combined our
discussed last X As Investor GMV, has volume than that generate our categories annually more Day XX% each $XX we year, our than making more of marketplace in at eBay aggregate. in up billion on
supply in proprietary commercially corridors demand XX-year advantages major tens and tremendous nearly Our by trade of trade, and billions assets markets powered transactions global of density product cumulative history. images information and and our cross-border XXX across over are are across of footprint relevant our data and accumulated
Promoted less enabled price a realization to also allowed build which our than than to launch our billion X advertising of us more proprietary greater scale sellers $X.X $XX billion by annualized managed inventory. driven help capable in velocity Our Listings, volume us drive years. business for their solution payment processing nearly in It and
enhanced solutions are dramatically scalable have widening services. But scope develop architecture. suite the financial payments a now of our value-added eBay we to broader of on and Ads
services financing to informed Our on launch eBay. transactions alternative financial payments by partnerships FX options payment like conversion, seller and infrastructure possible makes it us for new
in of has improved sellers incremental eBay, for led conversion first buyers to of in-house measurable XXXX during modeling and alone. transactional friction and investing on risk GMV in which millions also of alleviate dollars We're uplift to of half the hundreds
cross-border shipping us year. allowed and this capabilities scale eBay launch international to earlier Our the program
demand. and into streamlines to global sellers enables for This buyers, program returns simplifies our paperwork, lowers cost tap
are in expectations. and the points in conversion, with proof While this listings seeing line number U.S., program migrated, positive as in costs of as listings new exportability is our operational of the still ramping increased delivery we up well times
cross-category The individual capabilities other can and and in makes scalable areas. quickly to are categories technology one focus eBay be This nature adapted to others. developed more category seamlessly our that is for investments because of
instance, handbags, Authenticity Guarantee us For cards. transform countries, trust across eBay's program and has watches and enabled sneakers, categories trading to new to rapidly from jewelry
launch of this eBay for across scale a to it's more like with position experiences did new faster category customers we to only and at like to is Now these authentication hyper We quarter streetwear. believe relevant bring cost-efficient a categories. this breadth in
innovations. foundational work accomplished us set of over magical for phase is pillar X years the we've innovation. up past third The our Lastly, new has a
game-changing are focused at features moving functionality to teams faster keep eBay we and as and bigger forefront Our build for the of e-commerce. customers on thinking
the Our and exciting improved examples cards our and on features on commerce. tech include rapidly streamline that velocity iterate selling live vision has allowed to capabilities to buy eBay. launch like eBay trading and Other us improved sell instantly computer buying ability and vault the in
meaningful Over aspect the impact expect we nearly improvements. next including AI organization, few quarters our intelligence, and every artificial and driving productivity efficiency Generative advancements of years, to in
experience customers our Magical enable with shortly. customer-facing discuss they Listing I'm you that importantly, love, excited confident truly I'm as such to will compelling More experiences the
and This pillars evolved You and strategy is of innovation. of future on to will to scalable only us reinvent all three solutions experiences, how hear about eBay. the of we're service relevant for e-commerce magical in continue talk the enthusiasts our our work delivering the plan progress of at
features these underway, are mentioned, we've these I've innovative customers. delivering efforts and and already begun to eBay As functionality
the across outpaced we $X.XX merchandise let revenue roughly GMV the better-than-expected X%. growth and in continued volume points, Now despite non-GAAP uncertainty. second X% to $XX.X turn by me We results X macro to over billion board up $X.XX, while delivered share earnings QX of was per billion and delivered quarter. Gross grew
by led trends faster X accessories improving during is continue segment of grew of QX. second by quarter, the year-over-year and continues categories, led this outperformance which roughly growth Our to market than GMV points e-commerce. growth be where marketplace for line we with rates our or focused to our digits mid-single P&A remainder This of parts believe for in grew the straight which motors, be
Gucci, to layer mass And luxury they category year, apparel, appeal Vuitton. community of that sneaker of and This Louis enthusiasts, passionate the our with later and streetwear shop. including another in into Kith, during U.S. when June, strong Nike. and we'll authenticating In brands through Prada, coverage Guarantee authenticated streetwear like this the new We marks trusted launches and Authenticity category early for also we and brands, expansions Off-White, new now launched are coverage extended Supreme. XX our and adding overlap focus entry expand eligible In quarter. including our from brands, expanded a has pre-owned trust category Adidas, Palace to we items streetwear July, Jordan
program, There are preowned across more a to participating which space. Brand also and we already than the new XX offering e-commerce launched we handbag brands this April, program. jewelry more certified watch, In Certified expect categories. inventory luxury and in in by the facilitate
of visual direct-from-brand similar Authenticity badge, show to these this a to program Guarantee. or will seller enhanced an from brand-authorized trust Listings bringing level for trust listings signals
able to Brands unique insights and shoppers from pricing while trust will brands will online. and these equity brands' consumer control themselves. gain of demand, certifications warranties products and benefit eBay's to inventory benefit image scale brand from being the their enhanced these access as from eBay include and/or maintain
counterfeits further extended by our the product serve provider closed protect Certilogo, designers QR of brands for manage of codes their acquisition to is Our a customers garments, that from and apparel. recently expertise e-commerce fashion AI-powered cycle empowers Certilogo in via as of authentication passports. digital their encourages and life
Certilogo While brands, to the circular companies, and we fashion synergies accelerate are the a this explore leading to technology beginning excited we with just incredibly our number works global are economy. leverage of between to already
feature their excited that quarter, groundbreaking been Magical Next, make Listing, is will work team to a announce which it like artificial discuss I'd particular, for ramping up I'm list doing calling to we're the intelligence. our significantly sellers easier we've inventory. new In to with this
to and listings-based fill In launched the experience, AI-generated descriptions. challenges May, version on sellers dramatically our the which products. biggest to we item for aspects for of reduces Magical sellers item descriptions marketplace a this is operating first via their burden Listing our the of friction One in
based into by the and AI title, flow. integrated now listing AI open on any have been detailed instantly product's our have category information product to that populated input. item Generative can core We choose Azure's And API aspects sellers
expect than of positive. XX% iOS During for Android the in tried we to this AI-generated ramped feature extremely signals feature quarter, XX% and in weeks. once, we've been have observed XX% the Approximately acceptance users Early descriptions, the of over users with edits. beta more including of at least have the XXX% and U.S. to reach and rates coming those
any when for are this CSAT is Customer recent description unlock feature And on XX% told new which is their over among highest more us satisfaction inventory far, in Gen seeing feature have lengths unique we the double average, that Sellers is launched thus AI used. will in the closets. memory. of
But flows with leverage provide we image of getting iteration our just the camera-based option more started. The next our seamless recognition listing. Magical improved Listing a to will capabilities are of
can based existing camera on utilize the pre-populate their understanding our visual category, start eBay title, And smartphone or listing. a and to wherever possible. the products, Sellers item photos specifics app the description can of
tool we're in We to coming weeks, the several launch beta public have testing with excited this our incredibly for been months. employees in and
the examples by the that that new compelling just launched Generative and among Motors in our Two went lookup sparked concept Upgrade and app engineering and are engine an explosion be of features weeks. innovative creativity at in The eBay conceptualized onto in code experiences production who Shop eBay AI teams to a few July product advent rapidly deployed shopping the site. that has from have can of
in a AI codes, Shop personalized error can to preferences. specific fitment-enabled for by are the Engine their user's of address options discover aiding the products P&A of the uses most code eBay on and cause identifying customers vehicles, them fixing the on hard-to-decipher problem. specific Upgrade Generative available upgrade which relevant lookup source that offers help root based
this quickly these of launching more our disposal how months forward technology to moving see teams I'm and look ahead. are thrilled in pilots to at with their the in experiences
reached points We revenue next advertising grew in GMV. while Total first-party impressive major as revenue X% QX to advertising Turning XX% business, XX of continues milestone roughly than grew ads GMV. ad momentum. our which faster to build reached penetration a
At more the us optimization reached by million live ad continued X.X to largest improvements. QX, a rate sellers than ads, what as in listings. we picture we ads our Over Listings This Promoted driven single attribution enhancements, efficiently referred a promoted CPA halo industry, methodology by sales end enabled change, was the product ad and complete adopted Standard, product while as again sale. promoted in million XXX downstream the a more of the of qualified our expanding the growth for attribution capture attribution we QX, listings. a to in adjusted contributor March, more CPA our definition constitutes driven optimize to of
While a business the adjust net after our flexibility bidding in had this QX. maintain attribution full on their change, ad halo sellers to positive impact behavior
a During quarter, the ads new ad CPA our and which in-house on also we capabilities conversion placements to to leverages rate. introduced way AI search rank for both optimize
dynamic lift improved we in calculating precision in to and suggested made to ad easier our both a ad QX rate. trending and it modest adopt Additionally, rates bidding, contributed
recently CPC growing release have simplified ads the demonstrated creating Advanced XX% and sellers. ad and our product more campaigns, on of levels increased managing the emerging beta of also CPC process into we Promoted Our Advanced, Listings Promoted was QX, nicely in healthy contributor. spend Listings to than visibility exited largest general on the eBay return as quarter-over-quarter. products scaled
we adoption group by cadence experience sellers for and monthly These of pushed customized activation across offering and QX, further bid on ads. major provide sellers a structures were drive CPC ad introduced markets. a BXC can X suggested for campaigns During to Advanced, out one-click campaigns which keywords,
environmental quarter, we recognizes discuss social impact Now to we're let's annual on impact published serve. the progress goals. which the our we've having made communities our Last the report, we and
promoting helping cash pre-loved extra selling of sellers are economy. while healthier items buyers helping committed earn pioneer As find items value and to planet e-commerce, a a and of we
we philanthropic efforts. culture goals that proud company to throughout I'm important climate continue our to strides own make leading our and while sustainability
for Additionally, publish the the our social in look takes soon delivering we underserved entrepreneurs, closer enterprises hundreds charities programs impact U.K. U.K. we're a of ever which at will first and social report,
for This marginalized and includes vulnerable programs like eBay jobs supports in social entrepreneurs communities. which Change, and creates
impact raised for to considerable Good, Engage XXXX eBay is excited the program nonprofit $XX Another dedicated a supporting than Charity during million with champion. marketing cause to for the charity of more that recognized I'm Charity practice which as eBay quarter. And checkout a for announce organization
employees we unlocking to In untapped been right of strategic for I quarter bring closing, like to reinventing on would to to e-commerce only have for the at execution never incredible and more strong thank enthusiasts confident future our I another continuing for vision our potential that are and eBay. enormous of the path life. our
Our scalable greatly well years of focus buyers our online and of generation needs shoppers. the on quarters relevant and as next the experiences, better will to solutions benefit loyal of ahead in and the cater magical innovations sellers community as
on call details that, Steve to over I'll over turn our the performance. financial provide With more to you. to Steve,
