Goodyear reduced revenue

In the second quarter of 2025, Goodyear's revenue decreased by 2.3% to $4.5 billion, while sales in physical terms fell by 5.3% to 37.9 million tires. At the same time, net profit grew from $79 million to $254 million, which was facilitated by the sale of the rights to the Dunlop brand to the Japanese Sumitomo, which brought the company around $385 million.

According to Goodyear CEO Mark Stewart, the second quarter was challenging for the company in all segments due to "industry disruptions amid changes in global trade, including a sharp increase in imports of cheap products in our key markets".

"We expect the situation to stabilize in the next quarters and see good opportunities for growth related to our strong manufacturing presence in the US," he added. "We also remain committed to exceeding the initial goals of the Goodyear Forward business transformation program in terms of both cost reduction and revenue generation from asset sales".

In the EMEA region (Europe, Middle East, and Africa), Goodyear's revenue in the second quarter of 2025 was $1.3 billion, up 5.1% compared to the same period in 2024, due to "positive price dynamics" and optimization of the product range. At the same time, sales in units decreased by 2% (with a 7.3% decline in sales in the secondary market and a 10.9% growth in the OE segment). In the region, the company received a net loss of $25 million, which decreased by $55 million compared to the second quarter of 2024.

On February 3, 2025, Goodyear closed a deal to sell its off-the-road tire business to the Japanese Yokohama for $905 million, and on May 7, Sumitomo bought the rights to the Dunlop brand from the company for $735 million. In addition, on May 22, an agreement was signed to sell most of Goodyear Chemical's chemical business, and the deal is expected to close by the end of the year.