Restructuring. These non-GAAP measures are not in accordance with, or an alternative to, measures prepared in accordance with GAAP and may be different from non-GAAP measures used by other companies. Starting in the second quarter of 2018, year-over-year growth rate is on a pro-forma basis, could differ materially from those predicted or implied and reported results should not be considered as an indication of future performance. This Marketplaces segment revenue growth has been key to eBay’s 38% price appreciation since 2016. Collectively, we connect millions of buyers and sellers around the world, The company excludes the following items from non-GAAP net income, non-GAAP earnings per diluted share, non-GAAP operating margin and non-GAAP effective tax rate: Stock-based compensation expense and related employer payroll taxes. The Marketplace platforms include online marketplace located at www.ebay.com, its localized counterparts and the eBay suite of mobile apps. Free cash flow represents operating cash flows less purchases of property and equipment. You can look at our interactive dashboard analysis ~ eBay’s Revenues: How Does eBay Make Money? Today, the company announced Germany will be its second market for managed payments, subject to regulatory approval. Effective April 1, 2020 the Georgia Department of Revenue has enacted Marketplace Facilitator Legislation. The dividend is payable on 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 and goodwill in connection with acquisitions and may incur significant gains or losses from the acquisition or disposal of a business and therefore excludes these amounts from its non-GAAP (GAAP). Taxes — The GAAP effective tax rate for continuing operations for the first quarter of 2019 was 22.6%, compared to 25.6% for the first eBay‘s (NASDAQ: EBAY) Marketplaces business, is expected to contribute $9.2 billion to eBay’s 2019 revenues, making up 79% of eBay’s $11.6 billion in expected revenues for 2019. Unaudited Condensed Consolidated Balance Sheet, Accrued expenses and other current liabilities, Total liabilities and stockholders' equity, Unaudited Condensed Consolidated Statement of Income, Amortization of acquired intangible assets, Income from continuing operations before income taxes, Loss from discontinued operations, net of income taxes. Undue reliance should not be placed on the forward-looking statements in this press release, which are based on information available to the company The Motors.co.uk team has You may opt-out by. Second quarter 2019 — The company expects net revenue between $2.64 billion and $2.69 billion, representing Organic FX-Neutral growth correlate to the ongoing operating results of the company's business. The platform uses extensive data to show in a single snapshot what drives the value of a company's business. Below we discuss eBay’s business model, followed by sections that review past performance and 2019 expectations for eBay’s revenue drivers and competitive comparisons of its Retail revenue with amazon. estimated amortization of acquired intangible assets of approximately $12 - $17 million, estimated stock-based compensation expense and associated employer payroll tax expense of eBay Inc. uses its Investor Relations website at https://investors.ebayinc.com as a means of disclosing material non-public Led by MIT engineers and Wall Street analysts, Trefis (through its dashboards platform dashboards.trefis.com) helps you understand how a company's products, that you touch, read, or hear about everyday, impact its stock price. These measures should only be used to evaluate the company's results of operations in conjunction with the corresponding The company's future performance involves risks and uncertainties, and the company's actual results could differ materially from the information below and elsewhere in this press release. These are significant gains, losses, or charges during a period that In addition, these amounts from its results primarily because management does not believe they are indicative of its current or ongoing operating results. Full year 2019 — The company expects net revenue between $10.83 billion and $10.93 billion, representing Organic FX-Neutral growth of The company Reconciliation to the nearest GAAP measure of all non-GAAP measures included in this press release can be found in the tables included in this press release. 2% - 3%, with GAAP earnings per diluted share from continuing operations in the range of $1.94 - $2.04 and non-GAAP earnings per diluted share from continuing operations in the range of $2.64 - Trefis estimates further growth of about 8% and Revenue to reach $2.4 billion in 2019. which includes Giosis' Japan business active buyers in both current and prior year periods. This might include you though you may have invested money in these companies, or may have been working with one of them for years as an employee, or have consulted with them as an expert for a long time. growth or cross-border trade; the company's ability to realize expected growth opportunities in payments intermediation and advertising; fluctuations in foreign currency exchange rates; the Specifically, the company believes Other factors that could cause or contribute to such Total value of all successfully closed transactions between users on our Marketplace and StubHub platforms during the period eBay Inc. will host a conference call to discuss first quarter 2019 results at 2:00 p.m. Pacific Time today. are the result of isolated events or transactions which have not occurred frequently in the past and are not expected to occur regularly or be repeated in the future. These non-GAAP measures are provided to enhance investors' overall understanding of the company's current financial performance and its prospects for the future. We discuss eBay’s valuation analysis in full, separately. In 2018, eBay enabled $95 billion of gross merchandise volume. Non-GAAP Effective Tax Rate" and "Reconciliation of Operating Cash Flow to Free Cash Flow" included in this press release. year. In addition, eBay recently announced the addition of Google Pay as a payment option and the completed integration of PayPal on the new platform, which has been live for a couple weeks with a small What’s behind Trefis? empowering people and creating opportunity for all. Marketing and Advertising business has seen a positive revenue growth over the years. calls and webcasts. that couples advancements in computer vision with relevant filtering to allow shoppers to explore and discover products using pictures and words. a FX-Neutral basis. eBay, Inc. was formed in September 1995. track, we saw healthy buyer growth and disciplined cost control, and we continue to simplify the buying process while remaining focused on seller's success.". structure, which is not reduced by the effects of the Tax Cuts and Jobs Act, and related foreign exchange effects. $2.70. Diluted net income from continuing operations per share: Shares used in GAAP and non-GAAP diluted net income per-share calculation, GAAP effective tax rate - Continuing operations, Tax effect of non-GAAP adjustments to net income from continuing operations, Non-GAAP effective tax rate - Continuing operations, *Presented on a continuing operations basis, Reconciliation of Operating Cash Flow to Free Cash Flow*, Net cash provided by continuing operating activities, Less: Purchases of property and equipment, eBay Inc.Investor Relations Contact:Joe Billanteir@ebay.comMedia Relations Contact:Julianne Whitelawpress@ebay.comCompany News:https://www.ebayinc.com/stories/news/Investor Relations website:https://investors.ebayinc.com, Announcing the 2019 eBay Shine Awards for Small Business, GAAP and Non-GAAP EPS per diluted share of $0.57 and $0.67, respectively, on a continuing operations basis, GAAP and Non-GAAP operating margin of 23.0% and 29.8%, respectively, Returned $1.6 billion to shareholders in Q1, including $1.5 billion of share repurchases and $125 million paid in cash dividends. The segment revenue increased from $7 billion in 2016 to $8.5 billion in 2018. The StubHub platforms include the online ticket platform located at www.stubhub.com, its localized counterparts, and the StubHub mobile apps. This expense consists of expenses for stock options, restricted stock and employee stock purchases. regardless of whether the buyer and seller actually consummated the transaction. months through the same link. 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 eBay continued its multi-year path toward managed payments, intermediating $220 million in GMV in the first quarter - a 61% quarter-over-quarter increase - bringing the total GMV enabled since (Photo Illustration by Avishek Das/SOPA Images/LightRocket via Getty Images), EY & Citi On The Importance Of Resilience And Innovation, Impact 50: Investors Seeking Profit — And Pushing For Change, Michigan Economic Development Corporation BrandVoice. June 20, 2019 to shareholders of record as of June 1, 2019. presentation of non-GAAP net income. Marketplace revenue growth was 3% on an as-reported basis and 4% on a FX-Neutral basis, and GMV was down 4% on an as-reported basis and down 1% on Accordingly, investors should monitor, in addition to following press releases, SEC filings, public conference that may not be indicative of its core operating results and business outlook. The company also excludes certain gains and losses on investments. expectations, forecasts and assumptions and involve risks and uncertainties. In advertising, eBay grew promoted listings placements and eligibility. The company made registration quick and simple with an expedited process on both mobile and desktop. website at https://investors.ebayinc.com. The Classifieds platforms include a collection of brands such as mobile.de, Kijiji, Gumtree, Marktplaats, eBay Kleinanzeigen and others. measures. million. Actual results These measures may be © 2020 Forbes Media LLC. All values USD millions. Reconciliation of GAAP Operating Margin to Non-GAAP Operating Margin, Stock-based compensation expense and related employer payroll taxes, Amortization of acquired intangible assets within cost of net revenues, Amortization of acquired intangible assets within operating expenses, Other significant gains, losses or charges, Total non-GAAP operating income adjustments, Reconciliation of GAAP Net Income to Non-GAAP Net Income and, GAAP Effective Tax Rate to Non-GAAP Effective Tax Rate*, (In millions, except per share amounts and percentages), GAAP income from continuing operations before income taxes, GAAP net income from continuing operations.