EBAY Q1 Earnings Surpass Estimates, Revenues Increase Y/Y

Financial Performance - eBay Inc. reported first-quarter 2025 non-GAAP earnings of $1.38 per share, exceeding the Zacks Consensus Estimate by 2.99$2.58 billion, surpassing the Zacks Consensus Estimate by 1.49%, with a 1% increase from the previous year on a reported basis and a 2% increase on an FX-neutral basis [2] - Operating expenses were $1.24 billion, growing 1.71$418 million, marking a 13% increase on an as-reported basis and a 14% increase on an FX-neutral basis [2] - Total advertising offerings yielded $442 million in revenues, representing 2.4$18.8 billion, showing a year-over-year growth of 1% on a reported basis and 2% on an FX-neutral basis, exceeding the Zacks Consensus Estimate of $18.5 billion [4] - U.S. GMV totaled$9.06 billion, accounting for 48.3% of total GMV, with a 1% year-over-year increase, while international GMV was $9.68 billion, accounting for 51.7$787 million in cash from operating activities, up from $677 million in the previous quarter, with free cash flow at$644 million [6] - eBay repurchased $625 million worth of shares and paid out dividends of$134 million during the quarter, with $2.7 billion remaining under its buyback authorization as of March 31, 2025 [7] Guidance - For the second quarter of 2025, eBay expects revenues between$2.59 billion and $2.66 billion, with an anticipated revenue growth of (1)-2$18.6 billion to $19.1 billion [9][10]