Question · Q3 2025
Andrew, on behalf of Shweta Khajuria, asked about the sustainability of growth in the trading cards category and key metrics to evaluate its success.
Answer
CEO Jamie Iannone affirmed a long runway for growth in trading cards, attributing recent momentum to trust and innovation through features like My Collection, Magical Listing, bulk listing, and partnerships with PSA. He noted that while growth isn't linear, the current healthy balance of new buyers, sold items, and average selling price provides confidence in the durability of GMV, even if year-over-year growth decelerates.