eBay Inc. reported its first-quarter 2025 earnings, surpassing analysts' expectations. The company's adjusted earnings per share (EPS) from continuing operations reached $1.38, exceeding the consensus estimate of $1.34. Revenue for the quarter was $2.6 billion, which also beat the estimated $2.55 billion. Free cash flow was reported at $644 million, up 36% year-over-year. Gross merchandise volume (GMV) for the period was $18.8 billion, up 0.7% year-over-year, and surpassing the expected $18.52 billion. U.S. GMV was $9.07 billion. The number of active buyers stood at 134 million, slightly below the anticipated 134.17 million. eBay's adjusted net income was reported at $657 million, surpassing the estimate of $638 million. Adjusted EPS increased from $1.25 in the previous year. Looking ahead, eBay provided guidance for the second quarter of 2025, projecting revenue to be between $2.59 billion and $2.66 billion, up 1.1% year-over-year, compared to the consensus estimate of $2.6 billion. The company expects adjusted EPS for the second quarter to range from $1.24 to $1.31, in line with the estimate of $1.29.