eBay Q1 revenue and adjusted EPS both beat expectations, with total merchandise volume up 18% year-over-year

Glonghui, April 30 — E-commerce platform eBay announced that its first-quarter revenue increased by 19% year-on-year to $3.09 billion, surpassing the market's expectation of $3.04 billion; profit was $512 million, and adjusted earnings per share reached $1.66, higher than the market's expected $1.58. The total gross merchandise volume for the quarter grew by 18% year-on-year to $22.2 billion. Looking ahead to the second quarter, the company expects adjusted earnings per share to be between $1.46 and $1.51, and revenue to be between $2.97 billion and $3.03 billion, compared to market expectations of $1.50 and $2.96 billion, respectively.