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, including those relating to the company’s ability to grow its businesses, user base and user activity.

Our actual results may differ materially from those discussed in this call for a variety of reasons, including, but not limited to, the impact of recent global economic events and the global economic downturn; foreign-exchange-rate fluctuations; changes in political, business, and economic conditions; 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 a growing company with a broad range of businesses, our need to manage regulatory, tax, IP and litigation risks (including risks specific to PayPal and the financial industry, and risks specific to Skype’s technology and to the VoiP 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.ebay.com). You should not unduly rely on any forward-looking statements, and we assume no obligation to update them. All information in this twitter session is as of April 22, 2009, and we do not intend, and undertake no duty, to update this presentation.

Read the full press release here: eBay Inc. Reports Second Quarter 2008 Results

To listen to the Q2 2008 Earnings call at 2pm PT this afternoon, please click here. If you’re unable to listen at 2pm but have access to a PC, I’ll be live-blogging via Twitter starting around 2pm: http://twitter.com/ebayinkblog.

Quarterly business highlights (from the press release)
• eBay Inc. repurchased approximately 19 million shares of its outstanding common stock at a cost of approximately $566 million. Since the inception of the share buyback program in the third quarter of 2006, the company has repurchased $4.7 billion of its common stock.
• eBay announced initiatives to enhance the safety and vibrancy of the marketplace including: new rewards and discounts for PowerSellers and expanded protections for customers using PayPal.
• eBay Motors completed agreements to feature certified pre-owned inventory from Chrysler, GM, Lexus and Ford on its showroom hub.
• The company’s global classifieds businesses averaged 81 million unique visitors per month during the quarter, representing and increase of 121% year-over-year.
• StubHub announced a deal making it the official online secondary ticket marketplace for Madonna’s 2008 North America Tour. The company reached a milestone with its 15 millionth ticket sold.
• PayPal Merchant Services signed deals with Delta Airlines, Blockbuster.com, Arcadia Group (U.K.) and William Hill (U.K).
• Skype launched 4.0 in Beta, the largest redesign of the Skype interface since the company’s inception.
• Skype named former Motorola veteran, Scott Durchslag, to the position of chief operating officer overseeing product strategy and marketing.

UPDATE:
Rajiv Dutta is retiring from eBay. Lorrie Norrington to succeed. Full post here

Cheers,
Richard.

Related Reads:
* eBay profits up 22 percent on listing gains
* Skype Annualized Revenues Now Top $500 Million
* Ebay reports 338 million Skype users
* Earnings: eBay Q2 Revs Up 20 Percent; Income Up 22 Percent; Skype Up 51 Percent
* eBay: Q2 Beats Street; Q3 Outlook a Bit Light

Q. We rolled out a lot of initiatives this past quarter – some directly effecting buyers and sellers pretty significantly. As a result, there was talk of a boycott; a strike. But we had a very strong financial quarter so is the jury still out on the impact any kind of boycott had on the business?

Well, you’re right, we had a very strong financial quarter. Revenue grew 24%, earnings grew 26%, and cash flow grew even stronger. All of this was better than expectations and we developed momentum over the quarter primarily due to the changes we announced back in January. Those changes were really geared toward improving the buyer experience on the web and aligning it with our very entrepreneurial seller community. As John indicated, one of the wonderful things about our business model is that we have a very passionate and vocal community that gives us feedback upon which we can react, adapt and change.

The community reacts in a lot of different ways. We’ve received a lot of good feedback and made some changes along the way and are committed to moving forward. The intention is that we improve the overall buyer experience on the site which in turn grows our seller’s businesses. I think we all have the same objectives here. We all want to grow our collective business to do what we have to do to create a better buyer experience. The good performance of our first quarter is a great reflection of that.

Q. I couldn’t help but notice that even though Skype is our lowest earner ($126MM), it is our most aggressive earner at 61% year-over-year growth and, with more than 309 million users around the world, it now has the largest user base of any eBay business. What does that mean long-term? Is that growth sustainable?

Skype is a four year-old business and its growth rate is nothing short of incredible. It represents a massive user base benefiting from one of the things that made eBay and PayPal so great – network effects. One user brings another user who brings another user. From that you have a rapidly growing community of users getting more and more engaged with the service. After 4 years, 309 million users is an amazing accomplishment by the Skype team.

Our focus now is on improving the user experience; enhancing the ability for them to communicate through high-quality video; expanding the number of devices you can use when you’re away from your desktop so that Skype is more mobile in its application.

The implication for Skype in the future is about as big as our dreams can make it. Our challenge is in prioritizing and executing on those dreams so we can continue the trajectory we’ve experienced over the past couple of years.

Q. One of the goals of eBay Ink is to improve transparency between our company and its constituencies. On the call, you referenced a revenue reclassification that improves transparency. Can you talk more about this?

As our business has grown and evolved, we generate revenues in different ways today than we did two years ago. The change to our revenue classification provides more clarity for our constituency of users. There are three operating metrics that we focus and communicate on: Gross Merchandise Volume (GMV) for Marketplace, Total Payment Volume (TPV) for PayPal, minutes for Skype. Our primary objective here is to highlight the revenues that are generated from those operating metrics to be clearer as the business evolves.

Secondly, we’ve invested in a variety of what we call adjacencies to explore new ways or formats to monetize our sites or new formats as buyer’s needs change. Things like Classifieds that has a huge presence around the globe and is getting bigger everyday. That site is monetized in different ways, through advertising-based fees. So we try to separate how we monetize our different businesses between transaction-based (which is historically how we’ve done it) and the newer ways we monetize which is through advertising referrals. That is what the classification is about; to give investors more transparency to the operating metrics and the revenues that drive them.

Q. Well, I’ve been asked to wrap it up but we did get one question on the blog after I posted the earnings release so I wanted to make sure I asked it while I had your time. “I’m not experienced in reading the numbers mumbo-jumbo. Would like to know how auctions (overall and US alone) made out this quarter as opposed to the same time last year.”

So, our overall GMV growth was 7% and that growth rate is a function of our auction platform and our fixed-price platform. While we don’t provide specific numbers within the US, we do see that fixed price continues to grow faster than our auction-based platform and the combination of the two drives our GMV.

To listen to the Q1 2008 Earnings call at 2pm PT this afternoon, please click here.

Check back later this afternoon to read the transcript from my conversation with CFO, Bob Swan as we dig into the details of this quarter’s highlights.