eBay's PayPal Carries Earnings In The First Quarter

eBay posted 4% revenue growth to $4.5 billion in Q1 2015, which came in slightly ahead of market expectations. Excluding currency headwinds, the revenue growth was higher at 9%. This performance was driven by solid growth across the payments business, as the marketplaces segment continued to be beset by various challenges. In addition, the company's non-GAAP operating margin increased by 10 basis points annually to 27.0% in Q1 2015 owing to cost-cutting measures.