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This excerpt taken from the EBAY 8-K filed Jan 22, 2009. Quarterly
Business Unit Discussion
Marketplaces
The Marketplaces business unit, which consists of eBay,
Shopping.com, StubHub, Kijiji and other ecommerce sites,
recorded $1.27 billion in revenue, equating to a 16%
year-over-year
decline. The revenue drop was attributable to the impact made by
the strengthening dollar and the slow-down of the ecommerce
market globally on the eBay business. While average monthly
unique visitors were down year over year, eBay remained the
number one ecommerce site in the U.S., the U.K. and Germany
during the 2008 holiday shopping season, according to Nielsen
Online. Approximately 55% of Marketplaces revenue came from
markets outside the U.S. Gross merchandise volume
(excluding vehicles) was $11.47 billion for the quarter, a
decrease of 12%, compared to the fourth quarter of 2007. Online
classifieds as well as text and graphical advertising revenue
grew during the quarter. eBay continues to focus on buyer and
seller initiatives to accelerate sold items in the U.S., the
U.K. and Germany.
Payments
The Payments business unit posted another solid quarter with
$623 million in revenue, an increase of 11% year over year.
Net total payment volume (TPV) for the quarter was
$15.99 billion, an increase of 14% year over year. The
revenue and net TPV growth was fueled by expanded adoption of
PayPal Merchant Services across the Web and
the inclusion of Bill Me Later, acquired on November 7,
2008. Active accounts reached 70 million, an increase of
23%
year-over-year.
The Payments business will continue to focus on greater
penetration into the Marketplaces business as well as the
acquisition of new merchants.
Communications
Skype contributed $145 million in revenue for the quarter,
representing 26%
year-over-year
growth, and posted an eighth consecutive quarter of segment
profitability. Skype added 35 million new users during the
quarter and ended the period with more than 405 million
registered users. In addition to growing its user base, Skype is
focused on product strategies to enhance customer engagement.
This excerpt taken from the EBAY 8-K filed Jan 21, 2009. Quarterly
Business Unit Discussion
Marketplaces
The Marketplaces business unit, which consists of eBay,
Shopping.com, StubHub, Kijiji and other ecommerce sites,
recorded $1.27 billion in revenue, equating to a 16%
year-over-year
decline. The revenue drop was attributable to the impact made by
the strengthening dollar and the slow-down of the ecommerce
market globally on the eBay business. While average monthly
unique visitors were down year over year, eBay remained the
number one ecommerce site in the U.S., the U.K. and Germany
during the 2008 holiday shopping season, according to Nielsen
Online. Approximately 55% of Marketplaces revenue came from
markets outside the U.S. Gross merchandise volume
(excluding vehicles) was $11.47 billion for the quarter, a
decrease of 12%, compared to the fourth quarter of 2007. Online
classifieds as well as text and graphical advertising revenue
grew during the quarter. eBay continues to focus on buyer and
seller initiatives to accelerate sold items in the U.S., the
U.K. and Germany.
Payments
The Payments business unit posted another solid quarter with
$623 million in revenue, an increase of 11% year over year.
Net total payment volume (TPV) for the quarter was
$15.99 billion, an increase of 14% year over year. The
revenue and net TPV growth was fueled by expanded adoption of
PayPal Merchant Services across the Web and
the inclusion of Bill Me Later, acquired on November 7,
2008. Active accounts reached 70 million, an increase of
23%
year-over-year.
The Payments business will continue to focus on greater
penetration into the Marketplaces business as well as the
acquisition of new merchants.
Communications
Skype contributed $145 million in revenue for the quarter,
representing 26%
year-over-year
growth, and posted an eighth consecutive quarter of segment
profitability. Skype added 35 million new users during the
quarter and ended the period with more than 405 million
registered users. In addition to growing its user base, Skype is
focused on product strategies to enhance customer engagement.
This excerpt taken from the EBAY 8-K filed Oct 15, 2008. Quarterly
Business Unit Discussion
Marketplaces
The Marketplaces business unit, which consists of eBay,
Shopping.com, StubHub, Kijiji and other ecommerce sites, had a
solid third quarter, generating $1.38 billion in revenue,
representing 4% year over year growth, 53% of which was
generated outside the U.S. The business unit saw strong
growth in advertising, StubHub and classifieds. Revenue from our
text and graphical advertising partnerships grew 127% year over
year. Gross merchandise volume was $14.28 billion for the
quarter, a decrease of 1% over the third quarter of 2007.
Marketplaces continues to focus on customer-facing initiatives
designed to make transactions on the eBay platform safer and its
various global sites easier to use, while enhancing selection in
a uniquely eBay way.
Payments
PayPal had a strong quarter with $597 million in net
revenue, an increase of 27% year over year. Net total payment
volume (TPV) for the quarter was $14.81 billion, an
increase of 28% year over year. The net revenue and net TPV
growth was driven primarily by the continued excellent growth of
merchant services globally and increased penetration on eBay.
Global active registered accounts increased to 65 million,
representing 19% year over year growth. Globally, PayPal will
continue to focus on greater penetration into the Marketplaces
business and the acquisition of new merchants.
Communications
Skype continued its robust growth trajectory, reporting
$143 million in revenue for the quarter, representing 46%
year over year growth. Skype added 32 million registered
users in the quarter, ending the period with more than
370 million registered users around the world. In addition
to growing its user base, Skype is focused on product strategies
to enhance customer engagement.
This excerpt taken from the EBAY 8-K filed Jul 16, 2008. Quarterly
Business Unit Discussion
Marketplaces
The Marketplaces business unit, which consists of eBay,
Shopping.com, StubHub, Kijiji and other ecommerce sites, had a
strong second quarter, generating $1.46 billion in revenue,
equating to 13% year-over-year growth. The business unit saw
strong growth in advertising, StubHub and classifieds. Revenue
from our text and graphical advertising partnerships grew 183%
year-over-year. Net revenues generated outside the
U.S. were 56% of total Marketplaces net revenues for the
quarter. Gross merchandise volume was $15.68 billion for
the quarter, an increase of 8% over the second quarter of 2007.
Marketplaces continues to focus on customer-facing initiatives
designed to make transactions on the eBay platform safer and its
various global sites easier to use, while enhancing selection in
a uniquely eBay way.
Payments
PayPal had a strong quarter with $602 million in net
revenue, an increase of 33% year-over-year. Net total payment
volume (TPV) for the quarter was $14.93 billion, an
increase of 35% year-over-year. The net revenue and net TPV
growth was driven primarily by the continued excellent growth of
merchant services globally and increased penetration on eBay
internationally. Global active registered accounts increased to
62.6 million, representing 19% year-over-year growth.
Globally, PayPal will continue to focus on greater penetration
into the Marketplaces business and the acquisition of new
merchants.
Communications
Skype continued its robust growth trajectory, reporting
$136 million in revenue for the quarter, representing 51%
year-over-year growth. Skype added nearly 29 million
registered users in the quarter, ending the period with more
than 338.2 million registered users around the world. In
addition to growing its user base, Skype is focused on product
strategies to enhance customer engagement.
Other
Selected Financial Results
Business
Outlook
Quarterly
Conference Call
eBay will host a conference call to discuss second quarter
results at 2:00 p.m. Pacific Time today. A live webcast of
the conference call, together with a slide presentation that
includes supplemental financial information and reconciliations
of certain non-GAAP measures to their nearest comparable GAAP
measures, can be accessed through the company’s Investor
Relations web site at http://investor.ebay.com. In
addition, an archive of the webcast will be accessible through
the same link.
About
eBay Inc.
Founded in 1995, eBay Inc. connects hundreds of millions of
people around the world every day, empowering them to explore
new opportunities and innovate together. eBay Inc. does this by
providing the Internet platforms of choice for global commerce,
payments and communications. Since its inception, eBay Inc. has
expanded to include some of the strongest brands in the world,
including eBay, PayPal, Skype, StubHub, Shopping.com, and
others. eBay Inc. is headquartered in San Jose, California.
Non-GAAP Financial
Measures
This press release includes the following financial measures
defined as “non-GAAP financial measures” by the
Securities and Exchange Commission, or SEC: non-GAAP net income,
non-GAAP earnings per diluted share, non-GAAP operating margin,
non-GAAP effective tax rate, and free cash flow. These measures
may be different from non-GAAP financial measures used by other
companies. The presentation of this financial information, which
is not prepared under any comprehensive set of accounting rules
or principles, is not intended to be considered in isolation or
as a substitute for the financial information prepared and
presented in accordance with generally accepted accounting
principles. For a reconciliation of these non-GAAP financial
measures to the nearest comparable GAAP measures, see
“Non-GAAP Measures of Financial Performance,”
“Reconciliation of GAAP Operating Margin to
Non-GAAP Operating Margin,” “Reconciliation of
GAAP Net Income to Non-GAAP Net Income,”
“Reconciliation of GAAP to Non-GAAP Effective Tax
Rate,” “Reconciliation of Operating Cash Flows to Free
Cash Flow” and “Business Outlook” included in
this press release.
Forward-Looking
Statements
This press release contains forward-looking statements relating
to the future performance of eBay and its consolidated
subsidiaries that are based on our current expectations,
forecasts and assumptions and involve risks and uncertainties.
The company’s actual results could differ materially from
those predicted and reported results should not be considered as
an indication of future performance. Factors that could cause or
contribute to such differences include, but are not limited to:
the company’s need to increasingly achieve growth from its
existing users, particularly in its more established markets;
the company’s ability to deal with the increasingly
competitive ecommerce environment, including competition for its
sellers from other trading sites and other means of selling, and
competition for its buyers from other merchants, online and
offline; the company’s need to manage an increasingly large
enterprise with a broad range of businesses of varying degrees
of maturity and in many different geographies; the effect of
management changes and business initiatives; the company’s
need and ability to manage other regulatory, tax and litigation
risks as its services are offered in more jurisdictions and
applicable laws become more restrictive and any changes the
company may make to its product offerings in response to such
risk; the regulatory, intellectual property, competitive and
other risks specific to Skype; the competitive, regulatory,
credit card association, and other risks specific to PayPal,
especially as it continues to expand geographically; the
company’s ability to upgrade and develop its systems,
infrastructure and customer service capabilities at reasonable
cost; the company’s ability to maintain site stability and
performance on all of its sites while adding new products and
features in a timely fashion; changes in political, business and
economic conditions, including conditions that affect consumer
confidence or ecommerce growth; fluctuations in foreign exchange
rates; the company’s ability to profitably expand its
business model to new types of merchandise and sellers; and, the
company’s ability to
profitably integrate, manage and grow businesses that have been
acquired recently or may be acquired in the future. The
forward-looking statements in this release do not include the
potential impact of any acquisitions that may be announced
and/or
completed after the date hereof.
More information about factors that could affect the
company’s operating results is included under the captions
“Risk Factors” and “Management’s Discussion
and Analysis of Financial Condition and Results of
Operations” in the company’s most recent annual report
on
Form 10-K
and subsequent quarterly reports on
Form 10-Q,
copies of which may be obtained by visiting the company’s
investor relations web site at http://investor.ebay.com
or the SEC’s web site at www.sec.gov. Undue reliance
should not be placed on the forward-looking statements in this
release, which are based on information available to the company
on the date hereof. eBay assumes no obligation to update such
statements.
eBay
Inc.
This excerpt taken from the EBAY 8-K filed Apr 16, 2008. Quarterly
Business Unit Discussion
Marketplaces
The Marketplaces business unit, which consists of eBay,
Shopping.com, StubHub, Kijiji and other ecommerce sites, had a
strong quarter with a $1.48 billion in revenue, equating to
19%
year-over-year
growth. Revenue growth was driven primarily by advertising,
classifieds and StubHub. Net revenues generated outside the U.S.
were 55% of total Marketplaces net revenues for the quarter.
Gross merchandise volume was $16.04 billion for the
quarter, an increase of 12% over the first quarter of 2007.
Marketplaces continues to focus on customer-facing initiatives
designed to make transactions on the eBay platform safer and its
various global sites easier to use while enhancing selection in
a uniquely eBay way.
Payments
PayPal had a strong quarter with $582 million in net
revenue, an increase of 32%
year-over-year.
Net total payment volume (TPV) for the quarter was
$14.42 billion, an increase of 34%
year-over-year.
The net revenue and net TPV growth was driven primarily by the
continued strong growth of Merchant Services globally and
increased penetration on eBay internationally. Growth in global
active accounts increased to 60.2 million, representing 17%
year-over-year
growth. Globally, PayPal will continue to focus on greater
penetration into the Marketplaces business and the acquisition
of new merchants.
Communications
Skype continued its strong growth trajectory, reporting
$126 million in revenue for the quarter, representing 61%
year-over-year
growth. Skype added 33 million registered users in the
quarter, ending the period with more than 309 million
registered users around the world. Skype now has the largest
registered user base within eBay Inc.’s portfolio of
businesses.
Other
Selected Financial Results
Business
Outlook
Quarterly
Conference Call
eBay will host a conference call to discuss first quarter
results at 2:00 p.m. Pacific Time today. A live webcast of
the conference call, together with a slide presentation that
includes supplemental financial information and reconciliations
of certain non-GAAP measures to their nearest comparable
GAAP measures, can be accessed through the company’s
Investor Relations web site at http://investor.ebay.com.
In addition, an archive of the webcast will be accessible
through the same link.
About
eBay Inc.
Founded in 1995, eBay Inc. connects hundreds of millions of
people around the world every day, empowering them to explore
new opportunities and innovate together. eBay Inc. does this by
providing the Internet platforms of choice for global commerce,
payments and communications. Since its inception, eBay Inc. has
expanded to include some of the strongest brands in the world,
including eBay, PayPal, Skype, StubHub, Shopping.com, and
others. eBay Inc. is headquartered in San Jose, California.
Non-GAAP
Financial Measures
This press release includes the following financial measures
defined as “non-GAAP financial measures” by the
Securities and Exchange Commission (SEC): non-GAAP net income,
non-GAAP earnings per diluted share, non-GAAP operating margin,
non-GAAP effective tax rate, and free cash flow. These measures
may be different from non-GAAP financial measures used by other
companies. The presentation of this financial information, which
is not prepared under any comprehensive set of accounting rules
or principles, is not intended to be considered in isolation or
as a substitute for the financial information prepared and
presented in accordance with generally accepted accounting
principles. For a reconciliation of these non-GAAP financial
measures to the nearest comparable GAAP measures, see
“Non-GAAP Measures of Financial Performance,”
“Reconciliation of GAAP Operating Margin to Non-GAAP
Operating Margin,” “Reconciliation of GAAP Net Income
to Non-GAAP Net Income,” “Reconciliation of GAAP to
Non-GAAP Effective Tax Rate,” “Reconciliation of
Operating Cash Flows to Free Cash Flow” and “Business
Outlook” included in this press release.
Forward-Looking
Statements
This press release contains forward-looking statements relating
to the future performance of eBay and its consolidated
subsidiaries that are based on our current expectations,
forecasts and assumptions and involve risks and uncertainties.
The company’s actual results could differ materially from
those predicted and reported results should not be considered as
an indication of future performance. Factors that could cause or
contribute to such differences include, but are not limited to:
the company’s need to increasingly achieve growth from its
existing users, particularly in its more established markets, as
well as the need to acquire new users; the company’s
ability to deal with the increasingly competitive ecommerce
environment, including competition for its sellers from other
trading sites and other means of selling, and competition for
its buyers from other merchants, online and offline; the need to
manage an increasingly large enterprise with a broad range of
businesses of varying degrees of maturity and in many different
geographies; the effect of management changes and business
initiatives; the regulatory, intellectual property, competitive
and other risks specific to Skype; the competitive, regulatory,
credit card association, and other risks specific to PayPal,
especially as it continues to expand geographically; the
company’s need to manage other regulatory, tax, and
litigation risks as its services are offered in more
jurisdictions and applicable laws become more restrictive; the
company’s ability to upgrade and develop its systems,
infrastructure and customer service capabilities at reasonable
cost; the company’s ability to maintain site stability and
performance on all of its sites while adding new products and
features in a timely fashion; changes in political, business and
economic conditions, including conditions that affect consumer
confidence or ecommerce growth; fluctuations in foreign exchange
rates; the company’s ability to profitably expand its
business model to new types of merchandise and sellers; and, the
company’s ability to profitably integrate, manage and grow
businesses that have been acquired recently or may be acquired
in the future. The forward-looking statements in this release do
not include the potential impact of any acquisitions that may be
announced and/or completed after the date hereof.
More information about factors that could affect the
company’s operating results is included under the captions
“Risk Factors” and “Management’s Discussion
and Analysis of Financial Condition and Results of
Operations” in the company’s most recent annual report
on
Form 10-K
and any subsequent quarterly reports on
Form 10-Q,
copies of which may be obtained by visiting the company’s
investor relations web site at http://investor.ebay.com
or the SEC’s web site at www.sec.gov. Undue reliance
should not be placed on the forward-looking statements in this
release, which are based on information available to the company
on the date hereof. eBay assumes no obligation to update such
statements.
eBay
Inc.
This excerpt taken from the EBAY 8-K filed Jan 23, 2008. Quarterly
Business Unit Discussion
Marketplaces
The Marketplaces business unit, which consists of eBay,
Shopping.com, StubHub, Kijiji and other ecommerce sites, had a
strong quarter with a record $1.50 billion in revenue,
equating to 21% year-over-year growth. Revenue growth was driven
by StubHub, advertising, the fixed price format on eBay and, in
part, by the benefit of a weaker U.S. dollar. Based on
average monthly unique visits, eBay was the number one ecommerce
site in the U.S., UK and Germany during the 2007 holiday
shopping season, according to Nielsen Online. Approximately 54%
of Marketplaces revenue came from markets outside the
U.S. Gross merchandise volume was $16.21 billion for
the quarter, an increase of 12% over the fourth quarter of 2006.
eBay continues to focus on buyer and seller initiatives to
accelerate gross merchandise volume in the U.S., Germany and the
United Kingdom.
Payments
PayPal posted another stellar quarter with $563 million in
revenue, an increase of 35% year-over-year. Net total payment
volume (TPV) for the quarter was $14.04 billion, an
increase of 35% year-over-year. The revenue and net TPV
growth represents increased penetration on eBay as well as
expanded adoption of PayPal Merchant Services across the Web.
PayPal will continue to focus on greater penetration into the
Marketplaces business as well as the acquisition of new
merchants.
Communications
Skype contributed $115 million in revenue, representing 76%
year-over-year growth, and posted a fourth consecutive quarter
of segment profitability. Skype attracted new users at a rapid
pace through the quarter and ended the period with more than
276 million registered users around the world.
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