eBay Ink » financial

eBay Inc. Q1FY10 Twitter Session: Cautionary Language #eBayQ110

Richard Brewer-Hay — Wed, 21 Apr 2010 20:53:03 +0000

This live-blog and twitter session contains non-GAAP measures relating to the company’s performance. You can find the reconciliation of those measures to the nearest comparable GAAP measures here.

This Twitter session may make forward-looking statements relating to our future performance that are based on our current expectations, forecasts and assumptions and involve risks and uncertainties. These statements include, but are not limited to, statements regarding expected financial results for the second quarter and full year 2010, the focus on the Payments and Marketplaces business units going forward and future growth in the Payments and Marketplaces businesses.

Our actual results may differ materially from those discussed in this call for a variety of reasons, including, but not limited to, the further impact of the credit crisis; continued or worsening global economic downturn; changes in political, business, and economic conditions; foreign-exchange-rate fluctuations; the impact and integration of recent and future acquisitions; our increasing need to grow revenues from existing users in established markets; an increasingly competitive environment for our businesses; the complexity of managing an increasingly large enterprise, with a broad range of businesses, our need to manage regulatory, tax, IP and litigation risks (including risks specific to PayPal, Bill Me Later and the financial industry); and our need to upgrade our technology and customer service infrastructure at reasonable cost while adding new features and maintaining site stability.

You can find more information about factors that could affect our operating results in our most recent annual report on our Form 10-K and our subsequent quarterly reports on Form 10-Q (available at http://investor.ebayinc.com). You should not unduly rely on any forward-looking statements, and we assume no obligation to update them. All information in the presentation is as of April 21, 2010, and we do not intend, and undertake no duty, to update this presentation.

Cheers,
RBH

NewComm Forum: Social Media and Financial Disclosure

Richard Brewer-Hay — Tue, 28 Apr 2009 23:40:04 +0000

As most of you know, I’m in SF this week for the NewComm Forum and the Inbound Marketing Summit. In a nutshell, both are targeted at determining the how, what, who and why behind social media / marketing in business.

On the heels of the article, “Corporate Blogs and ‘Tweets’ Must Keep SEC in Mind” in the Wall Street Journal yesterday, I participated in a panel at the NewComm Forum in San Francisco titled: Social Media & Investor Relations – Disclosure & Other Issues with Tom Foremski, Silicon Valley Watcher; David Gelles, Financial Times; Bryan Rhoads, Intel and moderated by Brian Solis, FutureWorks.

It was a good discussion about the challenges around transparency when applied to corporate disclosure. In addition to sharing my experiences within our organization, I also tried to emphasize the two mantras I’ve been applying to all of the social media programs we implement at eBay:

1. Just because we can do it, should we?
2. Anything worth doing, is worth doing right.

For a great rundown of the discussion, please check out Tom Foremski’s take here.

You can check out our stab at social media guidelines for corporate disclosure here.

Cheers,
RBH

eBay Inc. Reports First Quarter 2009 Results

Richard Brewer-Hay — Wed, 22 Apr 2009 20:14:27 +0000

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.

I will be updating the eBay Ink News page throughout the day with Fast Fact documents for eBay Inc., PayPal, Skype, the press release, earnings call and all related items to Q1FY09 for eBay Inc.

Cheers,
RBH

eBay Inc Reports Fourth Quarter and Full Year 2008 Results

Richard Brewer-Hay — Wed, 21 Jan 2009 21:37:16 +0000

eBay reported financial results for its fourth quarter and year ended, 12/31/08, this afternoon. Fourth quarter revenue was $2.04 billion – a year-over-year decrease of 7% (or $145 million). Non-GAAP EPS was down about 9% to $0.41. Although the Q4 revenue was within the quarterly guidance set, it does represent eBay’s first negative quarter.

Visit the eBay Ink News page to access Fast Fact documents for eBay Inc., PayPal, Skype, the press release, earnings call and all related items to Q4FY08 for eBay.

I live-blogged the earnings call for the third consecutive quarter on our Twitter feed(http://twitter.com/ebayinkblog).

Quarterly Business Highlights:
• eBay Inc. completed the acquisition of Bill Me Later to further extend PayPal’s leadership position in online payments.
• eBay Inc. completed the acquisition of Den Bla Avis (dba.dk) and BilBasen (bilbasen.dk) in Denmark to further extend
its global leadership position in online classifieds.
• eBay Inc. completed the acquisition of Ticket Technology to enhance the selling platform for StubHub.
• eBay Inc. completed the acquisition of Positronic, a developer of predictive search technology, to enhance eBay’s
efforts to bolster search functionalities on its ecommerce sites.
• eBay Marketplace sellers in the U.S. lowered shipping costs significantly – dropping the average shipping costs to buyers by 25% compared to Q4CY07.
• Jack Sheng of eForcity Inc. became eBay Marketplace’s first ever 1 million feedback seller.
• StubHub announced a partnership with the NHL franchise Buffalo Sabres, HSBC Arena and Tickets.com to enable an integrated ticketing solution for the team and arena.
• eBay’s Classifieds businesses averaged 91 million unique visitors per month during the quarter, representing an increase of 41% year-over-year.
• PayPal expanded its reach on the Web with the launch of merchant service account deals with American Airlines (U.S.), Hoyts Cinemas (Australia), Promarkt (Germany), Aldo Shoes (Canada), Jet2 (U.K.), Laura Ashley (U.K.), Amway (U.S.), and Zappos.com (U.S.).
• PayPal continued its global expansion by launching new localized sites in Mexico, Hong Kong and Singapore.
• PayPal extended its mobile strategy by partnering with RIM to become the exclusive payment option on the BlackBerry Application StoreFront.
• Driven by very strong adoption in Asia, SkypeOut minutes reached 2.6 billion globally, a 61% increase year-over-year.
• Skype expanded its senior leadership team with the addition of Daniel Berg as chief technology officer and Christopher S. Dean as chief strategy officer.

Cheers,
RBH