Economic UncertaintyGuidance came in light due to uncertainty in European economy and tariffs, and the temporary shift in monetization of UK's C2C unit.
Macroeconomic HeadwindsThe 1Q gross merchandise volume outlook was below consensus estimates, reflecting continued macroeconomic headwinds, including pressure in the UK and Germany.
Slowing GrowthThe FY25 outlook for EBAY indicates slowing GMV growth and margin pressure, with organic growth appearing lower than expected.