eBay posts Q1 revenue growth of 12 percent, while GMV expands 13 percent

eBay Inc reported revenues of 2.6 billion dollars, up 12 percent on an as-reported basis and 7 percent on FX neutral basis for the quarter ended March 31, 2018, which the company said were driven by GMV of 23.6 billion dollars, up 13 percent on as-reported and 7 percent on an FX-neutral basis. During the quarter, eBay delivered GAAP net income from continuing operations of 407 million dollars or 0.40 dollar per diluted share and Non-GAAP net income from continuing operations of 548 million dollars or 0.53 dollar per diluted share.