eBay reported first quarter 2009 earnings results a few minutes ago. First quarter revenue was $2.02 Billion (a $171.6 million decrease year-over-year) . Net income on a GAAP basis was $357.1 million ($0.28 per diluted share), and non-GAAP net income was $499.9 million ($0.39 per diluted share).

eBay Inc. generated $668.5 million of operating cash flow during Q1 and free cash flow during the quarter was $577.6 million.

I will once again live-blog the earnings call on our Twitter feed (http://twitter.com/ebayinkblog) at 2pm PT this afternoon.
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