GM Reports Strong Q1 Revenue Growth Amid Challenges

General Motors Company has announced a notable 2.3% increase in revenue for the first quarter of fiscal 2025, reaching $44.02 billion. This performance exceeded investors' expectations, showcasing the company's resilience in a challenging economic landscape.

Despite the revenue growth, GM's net income saw a 6.6% decline, dropping to $2.784 billion from $2.980 billion in the same period last year. However, the adjusted diluted earnings per share (EPS) rose by 6.1% to $2.78, indicating a positive quarter-over-quarter improvement.

The automaker has decided to suspend its full-year 2025 forecast, citing uncertainties related to tariffs and their potential impact on the US automobile industry. This move reflects the volatile nature of the current market conditions.

Following the report's release, GM's stock experienced a 2.73% drop in premarket trading, with shares priced at $47.24 at 6:53 am ET.