Exhibit 99.1 Goodyear Announces Q1 2025 Results; Completes Sale of Dunlop Brand Goodyear Forward drives benefits of $200 million; targets reaffirmed AKRON, Ohio, May 7, 2025 – The Goodyear Tire & Rubber Company reported first quarter 2025 results today and the company will host an investor call tomorrow morning at 8:30 a.m. eastern time led by Mark Stewart, Goodyear’s chief executive officer and president, and Christina Zamarro, the company’s executive vice president and chief financial officer. The management team will share insights on first quarter performance and progress on the Goodyear Forward transformation plan. FOR IMMEDIATE RELEASE > GLOBAL HEADQUARTERS: 200 INNOVATION WAY, AKRON, OHIO 44316-0001 > MEDIA WEBSITE: WWW.GOODYEARNEWSROOM.COM > MEDIA CONTACT: DOUG GRASSIAN 330.796.3855 DOUG_GRASSIAN@GOODYEAR.COM > ANALYST CONTACT: GREG SHANK 330.796.5008 GREG_SHANK@GOODYEAR.COM “Our team kicked off the year by delivering the strongest quarter to date in benefits from Goodyear Forward and advanced our goal of building a high-performance culture that is designed to win,” said Chief Executive Officer and President Mark Stewart. “With the sale of the Dunlop brand, we are further optimizing our portfolio while strengthening our balance sheet – a critical component of our transformation plan. We remain committed to our targets, including segment operating margin of 10 percent and leverage of 2.0x-2.5x in the fourth quarter of this year.” Goodyear’s first quarter 2025 net sales were $4.3 billion, with tire unit volumes totaling 38.5 million. Goodyear net income was $115 million (40 cents per share) compared to a Goodyear net loss of $57 million (20 cents per share) a year ago. The first quarter of 2025 included several significant items including, on a pre-tax basis, an estimated gain on the sale of the Off-the-Road (OTR) tire business of $260 million, rationalization charges of $81 million and Goodyear Forward costs of $7 million. The first quarter of 2024 included, on a pre-tax basis, rationalization charges of $22 million and Goodyear Forward costs of $28 million. Goodyear Forward costs are comprised of advisory, legal and consulting fees and costs associated with planned asset sales. First quarter 2025 adjusted net loss was $11 million compared to adjusted net income of $29 million in the prior year’s quarter. Adjusted earnings per share was a loss of $0.04, compared to earnings of $0.10 in the prior year’s quarter. Per share amounts are diluted. The company reported segment operating income of $195 million in the first quarter of 2025, down $52 million from a year ago. After adjusting for the sale of its OTR tire business, which was sold in February 2025, segment operating income declined $40 million, driven by higher raw materials. Segment operating income reflects benefits from Goodyear Forward of $200 million, unfavorable net price/mix versus raw material costs of $113 million, inflation of $56 million, lower tire volume of $33 million, unabsorbed fixed costs of $19 million and unfavorable foreign currency translation of $12 million. First quarter cash flow from operating activities was negative, and in-line with typical seasonal increases in working capital, particularly accounts receivable and inventory. Additional earnings materials can be found on Goodyear’s investor relations website at http://investor.goodyear.com . (more) 1 Reconciliation of Non-GAAP Financial Measures See “Non-GAAP Financial Measures” and “Financial Tables” for further explanation and reconciliation tables for historical Total Segment Operating Income and Margin; Adjusted Net Income (Loss); and Adjusted Diluted Earnings per Share, reflecting the impact of certain significant items on the 2025 and 2024 periods. Business Segment Results AMERICAS First Quarter (In millions) 2025 2024 Tire Units 18.4 19.0 Net Sales $ 2,502 $ 2,588 Segment Operating Income 155 179 Segment Operating Margin 6.2 % 6.9 % Americas’ first quarter 2025 net sales of $2.5 billion were 3.3% lower than last year, driven by declines in replacement volume and the negative impact of changes in foreign exchange rates. Tire unit volume decreased 3.1%. Replacement tire unit volume decreased 3.1%, reflecting USTMA member declines in the United States. Non-USTMA members, generally representing low-cost imported product, grew 10% during the quarter in the United States. Original equipment tire unit volume decreased 3.2%. In the U.S., we outperformed competitors, reflecting significant O.E. market share gains. Segment operating income of $155 million decreased $24 million from prior year. The decrease was driven by higher raw material and other costs, which were mostly offset by Goodyear Forward and price/mix benefits. EMEA First Quarter (In millions) 2025 2024 Tire Units 12.3 12.5 Net Sales $ 1,277 $ 1,347 Segment Operating Income (Loss) (5 ) 8 Segment Operating Margin (0.4 )% 0.6 % EMEA’s first quarter 2025 net sales of $1.3 billion were 5.2% lower, driven by the negative impact of changes in foreign exchange rates and decreased tire volume. Tire unit volume decreased 2.0%. Replacement unit volumes decreased 3.9%, reflecting increased competition. Original equipment tire unit volumes increased 3.0%, reflecting significant market share gains. Segment operating loss of $5 million was $13 million lower compared to the prior year’s quarter driven by higher raw material and other costs. These factors were partly offset by Goodyear Forward and price/mix benefits. (more) 2 ASIA PACIFIC First Quarter (In millions) 2025 2024 Tire Units 7.8 8.9 Net Sales $ 474 $ 602 Segment Operating Income 45 60 Segment Operating Margin 9.5 % 10.0 % Asia Pacific’s first quarter 2025 net sales of $474 million were 21.3% lower, driven by lower replacement volume and the sale of the OTR tire business. Tire unit volume decreased 12.4%. Replacement tire unit volume decreased 21.3%, driven by actions taken to reduce lower margin business and channel destocking. Original equipment unit volume decreased 2.4%, primarily in China. First quarter 2025 segment operating income of $45 million was $15 million lower from prior year, driven by the divestiture of the OTR tire business. After adjusting for the sale of the OTR tire business, Asia Pacific’s segment operating margin grew 190 basis points. Goodyear Forward Goodyear Forward is a transformation plan designed to deliver significant margin expansion, optimize the company’s portfolio, and reduce leverage to drive substantial shareholder value creation. Goodyear Forward is expected to deliver $1.5 billion in annual run-rate benefits driven by cost actions and margin expansion, segment operating margin of 10%, gross proceeds in excess of $2 billion from portfolio optimization and a net leverage ratio of 2.0x to 2.5x, all by the end of 2025. First quarter segment operating income reflects Goodyear Forward benefits of $200 million. In addition, on February 3, 2025, the sale of the OTR tire business to The Yokohama Rubber Company successfully closed; gross cash proceeds received at closing totaled $905 million. Similarly, on May 7, 2025, the sale of the Dunlop brand to Sumitomo Rubber Industries, Ltd., was completed; gross cash proceeds received at closing totaled $735 million. Goodyear intends to use the transaction proceeds to reduce leverage and fund initiatives in connection with the Goodyear Forward transformation plan. Conference Call The Company will host an investor call on Thursday, May 8 at 8:30 a.m. ET. Please visit Goodyear’s investor relations website: http://investor.goodyear.com , for additional earnings materials. Participating in the conference call will be Mark W. Stewart, chief executive officer and president, and Christina L. Zamarro, executive vice president and chief financial officer. The investor call can be accessed on the website or via telephone by calling either (800) 343-4136 or (203) 518-9843 before 8:25 a.m. and providing the conference ID “Goodyear.” A replay will be available by calling (888) 215-1533 or (402) 220-4939. The replay will also be available on the website. (more) 3 About Goodyear Goodyear is one of the world’s largest tire companies. It employs about 68,000 people and manufactures its products in 53 facilities in 20 countries around the world. Its two Innovation Centers in Akron, Ohio, and Colmar-Berg, Luxembourg, strive to develop state-of-the-art products and services that set the technology and performance standard for the industry. For more information about Goodyear and its products, go to www.goodyear.com/corporate . Forward-Looking Statements Certain information contained in this news release constitutes forward-looking statements for purposes of the safe harbor provisions of The Private Securities Litigation Reform Act of 1995. There are a variety of factors, many of which are beyond our control, that affect our operations, performance, business strategy and results and could cause our actual results and experience to differ materially from the assumptions, expectations and objectives expressed in any forward-looking statements. These factors include, but are not limited to: our ability to implement successfully the Goodyear Forward plan and our other strategic initiatives, including the sale of our chemical business; actions and initiatives taken by both current and potential competitors; increases in the prices paid for raw materials and energy; inflationary cost pressures; delays or disruptions in our supply chain or the provision of services to us; a prolonged economic downturn or period of economic uncertainty; deteriorating economic conditions or an inability to access capital markets; a labor strike, work stoppage, labor shortage or other similar event; financial difficulties, work stoppages, labor shortages or supply disruptions at our suppliers or customers; the adequacy of our capital expenditures; changes in tariffs, trade agreements or trade restrictions; foreign currency translation and transaction risks; our failure to comply with a material covenant in our debt obligations; potential adverse consequences of litigation involving the company; as well as the effects of more general factors such as changes in general market, economic or political conditions or in legislation, regulation or public policy. Additional factors are discussed in our filings with the Securities and Exchange Commission, including our annual report on Form 10-K, quarterly reports on Form 10-Q and current reports on Form 8-K. In addition, any forward-looking statements represent our estimates only as of today and should not be relied upon as representing our estimates as of any subsequent date. While we may elect to update forward-looking statements at some point in the future, we specifically disclaim any obligation to do so, even if our estimates change. (more) 4 Non-GAAP Financial Measures (unaudited) This news release presents non-GAAP financial measures, including Total Segment Operating Income and Margin, Adjusted Net Income (Loss), and Adjusted Diluted Earnings Per Share (EPS), which are important financial measures for the company but are not financial measures defined by U.S. GAAP, and should not be construed as alternatives to corresponding financial measures presented in accordance with U.S. GAAP. Total Segment Operating Income is the sum of the individual strategic business units’ (SBUs’) Segment Operating Income as determined in accordance with U.S. GAAP. Total Segment Operating Margin is Total Segment Operating Income divided by Net Sales as determined in accordance with U.S. GAAP. Management believes that Total Segment Operating Income and Margin are useful because they represent the aggregate value of income created by the company’s SBUs and exclude items not directly related to the SBUs for performance evaluation purposes. The most directly comparable U.S. GAAP financial measures to Total Segment Operating Income and Margin are Goodyear Net Income (Loss) and Return on Net Sales (which is calculated by dividing Goodyear Net Income (Loss) by Net Sales). Adjusted Net Income (Loss) is Goodyear Net Income (Loss) as determined in accordance with U.S. GAAP adjusted for certain significant items. Adjusted Diluted Earnings Per Share (EPS) is the company’s Adjusted Net Income (Loss) divided by Weighted Average Shares Outstanding-Diluted as determined in accordance with U.S. GAAP. Management believes that Adjusted Net Income (Loss) and Adjusted Diluted Earnings Per Share (EPS) are useful because they represent how management reviews the operating results of the company excluding the impacts of rationalizations, asset write-offs, accelerated depreciation, impairments, asset sales and certain other significant items. It should be noted that other companies may calculate similarly-titled non-GAAP financial measures differently and, as a result, the measures presented herein may not be comparable to such similarly-titled measures reported by other companies. See the following tables for reconciliations of historical Total Segment Operating Income and Margin, Adjusted Net Income (Loss) and Adjusted Diluted Earnings Per Share to the most directly comparable U.S. GAAP financial measures. (more) 5 The Goodyear Tire & Rubber Company and Subsidiaries Financial Tables (Unaudited) Table 1: Consolidated Statement of Operations Three Months Ended March 31, (In millions, except per share amounts) 2025 2024 Net Sales $ 4,253 $ 4,537 Cost of Goods Sold 3,513 3,715 Selling, Administrative and General Expense 650 696 Rationalizations 81 22 Interest Expense 115 126 Other (Income) Expense 25 28 Net (Gains) Losses on Asset Sales (262 ) 2 Income (Loss) before Income Taxes 131 (52 ) United States and Foreign Tax Expense 13 6 Net Income (Loss) 118 (58 ) Less: Minority Shareholders’ Net Income (Loss) 3 (1 ) Goodyear Net Income (Loss) $ 115 $ (57 ) Goodyear Net Income (Loss) — Per Share of Common Stock Basic $ 0.40 $ (0.20 ) Weighted Average Shares Outstanding 287 286 Diluted $ 0.40 $ (0.20 ) Weighted Average Shares Outstanding 289 286 (more) 6 Table 2: Consolidated Balance Sheets March 31, December 31, (In millions, except share data) 2025 2024 Assets: Current Assets: Cash and Cash Equivalents $ 902 $ 810 Accounts Receivable, less Allowance — $89 ($84 in 2024) 2,942 2,482 Inventories: Raw Materials 796 755 Work in Process 231 213 Finished Products 2,921 2,629 3,948 3,597 Assets Held for Sale 197 466 Prepaid Expenses and Other Current Assets 380 277 Total Current Assets 8,369 7,632 Goodwill 757 756 Intangible Assets 686 805 Deferred Income Taxes 1,715 1,686 Other Assets 1,112 1,052 Operating Lease Right-of-Use Assets 943 951 Property, Plant and Equipment, less Accumulated Depreciation — $12,485 ($12,212 in 2024) 8,129 8,082 Total Assets $ 21,711 $ 20,964 Liabilities: Current Liabilities: Accounts Payable — Trade $ 4,142 $ 4,052 Compensation and Benefits 565 606 Other Current Liabilities 1,214 1,089 Notes Payable and Overdrafts 436 558 Operating Lease Liabilities due Within One Year 199 200 Long Term Debt and Finance Leases due Within One Year 300 832 Total Current Liabilities 6,856 7,337 Operating Lease Liabilities 799 804 Long Term Debt and Finance Leases 7,302 6,392 Compensation and Benefits 781 789 Deferred Income Taxes 109 108 Other Long Term Liabilities 778 628 Total Liabilities 16,625 16,058 Commitments and Contingent Liabilities Shareholders’ Equity: Goodyear Shareholders’ Equity: Common Stock, no par value: Authorized, 450 million shares, Outstanding shares — 286 million in 2025 (285 million in 2024) 286 285 Capital Surplus 3,160 3,159 Retained Earnings 5,271 5,156 Accumulated Other Comprehensive Loss (3,787 ) (3,844 ) Goodyear Shareholders’ Equity 4,930 4,756 Minority Shareholders’ Equity — Nonredeemable 156 150 Total Shareholders’ Equity 5,086 4,906 Total Liabilities and Shareholders’ Equity $ 21,711 $ 20,964 (more) 7 Table 3: Consolidated Statements of Cash Flows Three Months Ended March 31, (In millions ) 2025 2024 Cash Flows from Operating Activities: Net Income (Loss) $ 118 $ (58) Adjustments to Reconcile Net Income (Loss) to Cash Flows from Operating Activities: Depreciation and Amortization 270 284 Amortization and Write-Off of Debt Issuance Costs 6 3 Provision for Deferred Income Taxes (31 ) (42 ) Net Pension Curtailments and Settlements 4 (5 ) Net Rationalization Charges 81 22 Rationalization Payments (65 ) (55 ) Net (Gains) Losses on Asset Sales (262 ) 2 Operating Lease Expense 78 85 Operating Lease Payments (71 ) (69 ) Pension Contributions and Direct Payments (41 ) (16 ) Changes in Operating Assets and Liabilities, Net of Asset Acquisitions and Dispositions: Accounts Receivable (431 ) (325 ) Inventories (365 ) (167 ) Accounts Payable — Trade 46 (47 ) Compensation and Benefits (28 ) (38 ) Other Current Liabilities 95 (45 ) Other Assets and Liabilities 58 20 Total Cash Flows from Operating Activities (538 ) (451 ) Cash Flows from Investing Activities: Capital Expenditures (259 ) (318 ) Asset Dispositions 720 108 Notes Receivable (7 ) (21 ) Other Transactions (22 ) — Total Cash Flows from Investing Activities 432 (231 ) Cash Flows from Financing Activities: Short Term Debt and Overdrafts Incurred 409 282 Short Term Debt and Overdrafts Paid (535 ) (230 ) Long Term Debt Incurred 5,951 3,964 Long Term Debt Paid (5,627 ) (3,332 ) Common Stock Issued (4 ) (3 ) Transactions with Minority Interests in Subsidiaries — (2 ) Debt Related Costs and Other Transactions 17 (18 ) Total Cash Flows from Financing Activities 211 661 Effect of Exchange Rate Changes on Cash, Cash Equivalents and Restricted Cash 9 (10 ) Net Change in Cash, Cash Equivalents and Restricted Cash 114 (31 ) Cash, Cash Equivalents and Restricted Cash at Beginning of the Period 864 985 Cash, Cash Equivalents and Restricted Cash at End of the Period $ 978 $ 954 (more) 8 Table 4: Reconciliation of Segment Operating Income & Margin Three Months Ended March 31, (In millions) 2025 2024 Total Segment Operating Income $ 195 $ 247 Less: Rationalizations 81 22 Interest Expense 115 126 Other (Income) Expense 25 28 Net (Gains) Losses on Asset Sales (262 ) 2 Asset Write-Offs, Accelerated Depreciation, and Accelerated Lease Costs 46 51 Corporate Incentive Compensation Plans 16 20 Retained Expenses of Divested Operations 5 5 Other 38 45 Income (Loss) before Income Taxes $ 131 $ (52 ) United States and Foreign Tax Expense 13 6 Less: Minority Shareholders’ Net Income (Loss) 3 (1 ) Goodyear Net Income (Loss) $ 115 $ (57 ) Net Sales $ 4,253 $ 4,537 Return on Net Sales 2.7 % -1.3 % Total Segment Operating Margin 4.6 % 5.4 % (more) 9 Table 5: Reconciliation of Adjusted Net Income (Loss) and Adjusted Diluted Earnings Per Share First Quarter 2025 (In millions, except per share amounts) As Reported Rationalizations, Asset Write-offs, Accelerated Depreciation and Leases Goodyear Forward Costs Pension Settlement Charges Asset and Other Sales As Adjusted Net Sales $ 4,253 $ — $ — $ — $ — $ 4,253 Cost of Goods Sold 3,513 (43 ) — — — 3,470 Gross Margin 740 43 — — — 783 SAG 650 (3 ) (2 ) — — 645 Rationalizations 81 (81 ) — — — — Interest Expense 115 — — — — 115 Other (Income) Expense 25 — (5 ) (4 ) — 16 Net (Gain) Loss on Asset Sales (262 ) — — — 262 — Pre-tax Income (Loss) 131 127 7 4 (262 ) 7 Taxes 13 23 2 1 (25 ) 14 Minority Interest 3 1 — — — 4 Goodyear Net Income (Loss) $ 115 $ 103 $ 5 $ 3 $ (237 ) $ (11 ) EPS $ 0.40 $ 0.36 $ 0.02 $ 0.01 $ (0.83 ) $ (0.04 ) First Quarter 2024 (In millions, except per share amounts) As Reported Rationalizations, Asset Write-offs, Accelerated Depreciation and Leases Goodyear Forward Costs Debica Fire Impact Asset and Other Sales Indirect Tax Settlements and Discrete Tax Items Pension Settlement Charges (Credits) As Adjusted Net Sales $ 4,537 $ — $ — $ — $ — $ — $ — $ 4,537 Cost of Goods Sold 3,715 (43 ) — (14 ) — 8 — 3,666 Gross Margin 822 43 — 14 — (8 ) — 871 SAG 696 (8 ) (28 ) — — — — 660 Rationalizations 22 (22 ) — — — — — — Interest Expense 126 — — — — — — 126 Other (Income) Expense 28 — — — (8 ) 2 5 27 Net (Gain) Loss on Asset Sales 2 — — — (2 ) — — — Pre-tax Income (Loss) (52 ) 73 28 14 10 (10 ) (5 ) 58 Taxes 6 8 7 2 3 (2 ) (1 ) 23 Minority Interest (1 ) 6 — 1 — — — 6 Goodyear Net Income (Loss) $ (57 ) $ 59 $ 21 $ 11 $ 7 $ (8 ) $ (4 ) $ 29 EPS $ (0.20 ) $ 0.20 $ 0.07 $ 0.04 $ 0.02 $ (0.02 ) $ (0.01 ) $ 0.10 10

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other guidance in this release

Text is the filed exhibit, verbatim.