Q1 2025 Performance - eBay's Gross Merchandise Volume (GMV) reached $18.8 billion, exceeding guidance[7] - Revenue totaled $2.58 billion, also surpassing expectations[7] - Non-GAAP Operating Margin was 29.8%[7] - Diluted Non-GAAP EPS was $1.38, a 10% increase[7] Business Highlights - eBay had 16 million Enthusiast Buyers[7] - The company is strengthening its position in fashion through marketing and partnerships[16] - eBay launched a new AI-powered discovery experience for personalized shopping[17] - A simplified listing flow, powered by Magical Listing technology, is now live for C2C sellers, showing over 90% customer satisfaction[20] - eBay expanded its partnership with Klarna in the US, offering "Buy Now, Pay Later" options[25] Financial Outlook - Q2 2025 GMV is guided to be between $18.6 - $19.1 billion, representing a 1%-4% spot growth[57] - Q2 2025 Revenue is expected to be $2.59 - $2.66 billion, a 1%-3% spot growth[57] - The company targets FY'25 share repurchases of at least $2 billion[59]