eBay (NASDAQ:EBAY) shares gained more than 5% after-hours following the company’s reported Q1 results, with EPS coming in at $1.11, better than the consensus estimate of $1.07.
Revenue grew 1% year-over-year (up 3% on an FX-neutral basis) to $2.5 billion, above the consensus of $2.49B. Gross Merchandise Volume (GMV) fell 5% year-over-year (down 2% on an FX-neutral basis) to $18.4B.
"We saw strength in our focus categories, which once again outpaced the rest of the marketplace. And the combination of eBay's vast data and AI expertise are accelerating innovation on the platform," said CEO Jamie Iannone.
For Q2/23, the company expects EPS in the range of $0.96-$1.01, compared to the consensus of $0.99, and revenue in the range of $2.47-2.54B, compared to the consensus of $2.43B.
Furthermore, the company declared a cash dividend of $0.25 per share, payable on June 16, 2023, to stockholders of record as of June 1, 2023.