» eBay Q2 2009 Earnings Call Transcript Welcome to eBay Incorporated's Q1 2010 earnings call. And that's always the leading indicator is that CSAT and NPS performance and what's happening there. It's very strong in Australia, and that's certainly helped us in Australia business. We formed an ESG council, composed of senior leaders across the company whose role is to guide and ensure the success of sustainability initiatives. We also made progress on our multiyear initiatives, payments and advertising, which drove tremendous financial results while providing customers with a significantly improved experience. So we talked about $14 billion GMV that we grew year-on-year last year. So let me just cover that one real quickly. Two questions on the model here. G&A was down approximately 70 basis points, primarily from volume leverage and cost control, partially offset by charitable donations to support the eBay Foundation. In North America, we continue to see substantial growth with approximately $2 billion of GMV in the first half of the year, equal to all of 2020. Yeah. We added $14 billion of GMV and 11 million active buyers to our ecosystem. If I go back to the sneakers example I talked about, the 80% outside the category and that represents them purchasing in 10 categories outside of the -- out of that core category. So the other thing I'm excited about is just eliminating those pain points. Hey, Ross. KB Home (KBH) Q3 2021 Earnings Call Transcript. As well as a shift to higher ASP in general, because of the strategy, the focused category strategy working. We think it's healthy for the ecosystem, and we think it's going to continue to be driven that way because C2C, as we look at it, we hope to continue to outpace B2C and lean in on these categories of value like our luxury goods collectibles, etc. This article is a transcript of this conference call produced for The Motley Fool. Tickers CBT. Speaker 1: ( 00:00) Ladies and gentlemen, thank you for standing by. Our two local platforms Gmarket and IAC have built leading e-commerce positions by tailoring to customer needs with innovative experiences. Transaction losses were down 10 basis points as bad debt rates have performed better than expected. Managing the Payments experiences ourselves enables us to eliminate a pain point that sellers occasionally face on eBay, unpaid items. With our current plan and ongoing momentum, we expect to expand coverage to approximately 20% by the end of the year. We are expecting GAAP EPS in the range of $0.64 to $0.68 per share in Q3. And so as you think about these buyers, they're so strong at eBay they are 20% of them make up 75% of GMV and the goal is how do we turn more buyers into these lifelong enthusiasts. Your next question is from Deepak Mathivanan with Wolfe Research. The launch of computer-vision where we're driving 80% of the scans are really identifying what the product is and it's simplifying the listing flow. ET Prepared Remarks • Questions … And then the first question, was it US GMV only, the deceleration? FedEx Corporation (FDX) Q1 2022 Earnings Call Transcript. Your line is open. So look, we believe that ads is beneficial for us because we essentially have a closed platform. At the end of my remarks, I will turn the call over to Steve, our new CFO, who will discuss our financial performance and outlook in greater detail. Under-fire Australian minister resigns over anonymous donation Joe Billante -- Vice President of Communications and Investor Relations. The company offers Individual & Family, Small Group, and Medicare Advantage plans, as well So, look, the buying behavior that we saw over the course of the year, it started in PPE equipment, then went to kind of stuff that people needed to work from home or stay at home, I think, fitness equipment and laptops and that type of things. The three strategic priorities to support this vision remain the same. In terms of the makeup of different formats, buy now remains the vast majority of what's on the platform. Your line is open. Michael McGovern -- Bank of America Securities -- Analyst. If you can’t find the answer you need in the article, scroll to the bottom of the page and choose a contact option. That's more than most vertical competitors would do in a year. Read eBay Inc. (EBAY) CEO Jamie Iannone on Q2 2021 Results – Earnings Call Transcript and don't miss much more articles, reports and business analysis below. Earnings Release ( PDF ) 160 KB. So we talked about the strength that we're seeing in trading cards and collectibles already having done $2 billion this year. Maybe two if I can. But I was hoping you could give a little more of an answer on it. Our final question will come from Brian Nowak with Morgan Stanley. As always, you can find the detailed reconciliation of GAAP to non-GAAP financial measures in our press release and earnings presentation. Form 10-Q. But that hasn't stopped or really changed the approach we're taking toward building toward longer-term growth. Product development costs were flat as volume leverage was offset by investments in the product experience, including managed payments. Past Events. And as we analyze it, we're seeing better seller penetration of people coming on to the platform, better technology and tools in terms of our ability to do relevance and we're not seeing a degree of the buyer experience, which is what gives us comfort that when we look at it and total being 1% of our total GMV that we have the opportunity to continue to have advertising grow faster than our GMV on the platform and really based on that strength of promoted listings. A huge part of the portfolio simplification is about being able to focus on the marketplace, and as Steve talked about, we generated $20 billion in value for shareholders starting with the StubHub transaction. Listen to Webcast Press Release. That's helpful. So this quarter, we announced a new program where it's much simpler to set up your eBay store. 05.04.21. Quarterly Earnings Surprise Amount Fiscal Quarter End Date Reported Earnings Per Share* Consensus EPS* Forecast % Surprise Mar 2021 04/28/2021 0.94 0.92 2.17 Dec 2020 02/03/2021 0.72 0.69 4.35 Sep 2020 10/28/2020 0.72 0.62 16.13 Jun 2020 07/28/2020 0.94 0.9 4.44 Slides ( PDF ) 355 KB. During the fall in the US we launched authentication for luxury watches and quickly rolled out a similar experience to sneakers a few weeks later. Despite these strong results, we see additional untapped potential in the market that we plan to capture with further innovation. Bumble Inc. (BMBL) Q2 2021 Earnings Call Transcript. Please see our Terms and Conditions for additional details, including our Obligatory Capitalized Disclaimers of Liability. Hey, guys. We have a strong balance sheet and I think we have a track record of both exercising discipline in our portfolio as well as maximizing value for shareholders. As I mentioned in my earlier remarks, we completed the sale of the Classifieds business to Adevinta during quarter generating cash proceeds of $2.5 billion. By Seeking Alpha. Earnings. As we mentioned in our press release, we will not be communicating any further information about the strategic review process until there is material information to disclose. Cumulative Growth of a $10,000 Investment in Stock Advisor. We’re motley! T. Rowe Price Group Reports First Quarter 2020 Results 628.9 KB. Found insideRecent years have yielded significant advances in computing and communication technologies, with profound impacts on society. Technology is transforming the way we work, play, and interact with others. We have already reached 74% of our goal through a combination of power purchase agreements and local programs. eBay Inc. (EBAY) Q4 2020 Earnings Call Transcript February 3, 2021 February 3, 2021 eBay Inc. (NASDAQ: EBAY) Q4 2020 earnings call dated Feb. 03, 2021, Corporate Participants: Joe Billante -- Vice President of Communications and Investor Relations Q2 Fiscal 2018 The Estée Lauder Companies Inc. Earnings Release. UPS Q4 2020 Earnings Call Transcript 7 months ago. We've been focused on building lifelong trusted relationships with enthusiast buyers. How to Get Rich is different from any other book on the subject because Dennis isn't selling snake oil, investment tips, or motivational claptrap. Thank you so much. Cost basis and return based on previous market day close. With our recapped financials, that was 150 basis stronger than 2019, so we're right on track. Q2 results were strong and all key business metrics met or exceeded expectations. Hey, guys. Finally, we increased our estimated 2021 share buyback to $5 billion for an initial $2 billion. 08.03.21. To help drive repeat business from enthusiasts to eBay stores, we built a CRM tool that enables sellers to fund and distribute their own coupons. And then a couple quick questions for Steve. We significantly improved the NPS of our experiences, especially in those focus verticals that we talked about and we're seeing really good feedback from buyers and sellers. The Motley Fool recommends Garmin and eBay and recommends the following options: long January 2022 $1,920 calls on Amazon, long March 2023 $120 calls on Apple, short January 2022 $1,940 calls on Amazon, short March 2023 $130 calls on Apple, and short October 2021 $70 calls on eBay. We do see strength in options in areas like collectibles, which is a category that's growing strong for us. Q3. However, there are variables within our control that we are sharing this context. Low value buyers on eBay make approximately half of our buyer base, but only purchase about 5% of our GMV. I've met a lot of buyers. And look, while it's a very, very small percentage of things that we find where there are issues, that guarantee for customers is a huge differentiator and is a big part of what's leading to the triple-digit growth. Our buyer base is starting to evolve based on this strategy. 10 Best Stocks to Buy Today . Q221 Earnings Conference Call. Please go ahead. We've accelerated our pace of innovation while executing several complex transactions. The Motley Fool recommends eBay and recommends the following options: short October 2021 $70 calls on eBay. eBay Inc (EBAY) Q3 2020 Earnings Call Transcript. Non-GAAP EPS growth was driven primarily by higher volume, a reduction in share count driven by our repurchases and growth in advertising and payments, partially offset by a higher tax rate and investments in our vertical strategy and brand advertising. Hasbro Reports Fourth Quarter and Full-Year 2013 Financial Results and Declares an Increase in Quarterly Dividend to $0.43 per Share. Best offer is the buyer making an offer. Yeah. 2021 Annual Meeting. From an ads perspective, we're focused on the tools and capabilities to make it easier for sellers to use the product, to give them templating and reporting of how it's doing, and be able to have that closed loop ROI on the spend that they have on the platform to make it more applicable to C2C sellers and make it really easy there because obviously if you think about a sophisticated B2C seller, it's easier to interact with and much easier to understand and advertising product. Revenue grew 11% driven by acceleration in the Payments migration and advertising growth. Joining me today on the call are Jamie Iannone, our Chief Executive Officer and Andy Cring, our Interim Chief Financial Officer. Read or listen to the conference call. This new product experience is driving material growth in these categories for US business. Get the latest iShares MSCI Eurozone ETF (EZU) real-time quote, historical performance, charts, and other financial information to help you make more informed trading and investment decisions. Another area of non-new and season inventory we're focused on is Outlet Fashion. Over the course of 2020 eBay invested more than $100 million to support the growing needs of small businesses around the world through programs like Up & Running. Yeah. Learn More. All earnings call transcripts. Your next question is from Michael McGovern with Bank of America. William Manchester's epic and definitive account of President John F. Kennedy's assassination. We expect advertising revenue to outpace volume for the foreseeable future. Our Sneakers business saw strong double-digit growth despite tougher comps from a year-ago, and based on this success, we've expanded sneaker authentication to the UK, Canada, an Australia. Earnings Call Transcript ( PDF ) 299 KB. We will continue to optimize our capital structure and recently announced our intention to call our retail bond that we plan to replace with debt at favorable rates in 2021. The SEC Filings on this page are provided by EDGAR ( www.sec.gov ), the Electronic Data Gathering, Analysis, and Retrieval System of the U.S. Securities and Exchange Commission (SEC). Analysts' Actions: CLP CME EBAY HME. And so to see it as strong as this shows us the power of really focusing on those verticals and the end to end experience for our customers. Year-over-year growth was driven by higher volumes as well as strong execution in our initiatives. No. eBay partnered with the UK's National Health Service, the Department for Health and Social Care and logistic partners on this effort. Praise forTHE INVESTMENT CHECKLIST "Every wise investor will keep The Investment Checklist next to their financial instrument panel and consult it whenever they make a decision to buy or sell a stock."—Robert P. Miles, author, The Warren ... Q2 2021 Earnings Release. eBay Inc. (EBAY) CEO Jamie Iannone Presents at Goldman Sachs 30th Annual Communacopia Conference (Transcript), eBay Inc. 2021 Q2 - Results - Earnings Call Presentation, eBay Inc. (EBAY) CEO Jamie Iannone on Q2 2021 Results - Earnings Call Transcript, eBay Inc. (EBAY) CEO Jamie Iannone on Q1 2021 Results - Earnings Call Transcript, eBay Inc. 2021 Q1 - Results - Earnings Call Presentation, eBay Inc. 2020 Q4 - Results - Earnings Call Presentation, eBay Inc. (EBAY) CEO Jamie Iannone on Q4 2020 Results - Earnings Call Transcript, eBay, Inc. (EBAY) CEO Jamie Iannone on 43rd NASDAQ Virtual Investor Conference (Transcript), eBay, Inc. (EBAY) CEO Jamie Iannone on Q3 2020 Results - Earnings Call Transcript, eBay Inc. 2020 Q3 - Results - Earnings Call Presentation, eBay Inc. (EBAY) CEO Jamie Iannone Presents at Goldman Sachs Annual Global Retailing Conference (Transcript), eBay, Inc. (EBAY) CEO Jamie Iannone at KeyBanc Capital Markets Future of Technology Conference (Transcript), eBay Inc. 2020 Q2 - Results - Earnings Call Presentation, eBay, Inc. (EBAY) CEO Jamie Iannone on Q2 2020 Results - Earnings Call Transcript, eBay, Inc. (EBAY) CEO Jamie Iannone on Q1 2020 Results - Earnings Call Transcript, eBay Inc. 2020 Q1 - Results - Earnings Call Presentation, eBay, Inc. (EBAY) CEO Scott Schenkel on Q4 2019 Results - Earnings Call Transcript, eBay Inc. 2019 Q4 - Results - Earnings Call Presentation, eBay Inc. (EBAY) Interim CEO Scott Schenkel on Q3 2019 Results - Earnings Call Transcript, eBay Inc. 2019 Q3 - Results - Earnings Call Presentation. Our U.S. volume outpaced international primarily due to strength in trading cards, as well as benefits from government stimulus earlier in the quarter. Colin Sebastian -- Robert W. Baird & Co., Inc. -- Analyst. Moving to investments on slide 13; on June 24, we closed the Classifieds sale and recorded investments on our balance sheet of $10.8 billion to reflect the 540 million shares we received as consideration. That purpose guides our approach to our customers, our communities and our team at eBay. 10/22/20 11:30 AM EDT. ... eBay Q1 2008 Earnings Call Transcript. For the full year the marketplace platform generated $100 billion of GMV, up 17% year-on-year, an acceleration of 19 points versus the prior year. Good day, and thank you for standing by. So obviously in a number of countries it's also pandemic related relative to mobility. Daniel Salmon -- BMO Capital Markets -- Analyst. As a regulatory condition of the Classifieds sale, we agreed to reduce our ownership stake in Adevinta to 33% or less, over the 18 months following the close of the deal. Before we begin, I'd like to remind you that during the course of this conference call, we will discuss some non-GAAP measures related to our performance. Thanks, guys. January 27, 2021 02:00 PM PT. Thank you. Hey, guys. Moving to Slide 10. I think the important thing to remember is in general 80% of our traffic on the site is organic and people coming to us directly, and that's really one of the strength and assets of eBay. Form 10-Q. Your final question is from Dan Salmon with BMO Capital Markets. I would even broaden that question to say we're really studying a lot that first kind of 90-day experience for a customer, looking at all the things that drive the retention of them. Read eBay Inc. (EBAY) CEO Jamie Iannone on Q1 2021 Results – Earnings Call Transcript and don't miss much more articles, reports and business analysis below. The Motley Fool - APR earnings call for the period ending June 30, 2021. In Q2 we expanded this capability by enabling a motorcycle parts finder in Germany and the UK. Total operating margin for the business is expected to land approximately 33%, which will be close to 150 basis points better than 2019. And we think there's opportunities to continue to expand the number of sellers that use the platform as well as build new capabilities to make that platform even more attractive with some new tools, etc., which you'll see over the coming quarters and coming years. Edward Yruma -- KeyBanc Capital Markets, Inc. -- Analyst. So I guess, can you just walk through how much of that is like these company-specific initiatives versus just the overall kind of macro situations like mobility and lockdowns in 4Q and 1Q? The share price has appreciated by over 10%, which increased the value of the Classifieds business to nearly $10.7 billion based on recent trading levels. We've guided our expectations that 2021 will end with that 33%. We've now eliminated that in the 99% of options on our way to do that in best price, I'm sorry best offer, we eliminated fixed-price on the way to do it in best offer and options and two weeks ago we had eBay Open with thousands of sellers online and we announced this and it was massive rejoicing from them because this has been a key pain point. Importantly, compared to pre-pandemic levels two years ago, we are seeing positive underlying GMV growth. Thanks, Jamie. These high-volume buyers are growing compared to a year-ago and their spend on eBay is growing even faster. Taking a step back, eBay exists to create economic opportunity for all. Initial results from the first 100,000 listings showed that sellers' return on ad spend was higher than industry benchmarks. While we are focused on delivering our vision, we remain committed to keeping our purpose at the forefront by leveraging the power of our platform to support our communities. To create more lifelong buyer relationships we will connect with them through new channels, deepen their engagement with the eBay app and deliver trusted experiences when they shop with us. So when we look at third quarter or fourth quarter and how it plays through into the first, it's really for us more what we saw -- what we've seen since September with some acceleration really in all -- basically all countries around the world and that's played through to the first quarter and that's implied in the acceleration you see in our Q1 guidance. Click here for webcast. In 2020, we added an incremental $14 billion of GMV that's more growth in the past seven years combined. August 11, 2021 August 11, 2021. eBay Inc. (NASDAQ: EBAY) Q2 2021 earnings call dated Aug. 11, 2021. For Q1, we are projecting revenue between $2.94 billion and $2.99 billion, growing between 35% to 37% on an organic FX-neutral basis. A big reason why we also focus on C2C selling is because if we acquire that buyer to come in as a buyer and then we get them to just do any kind of casual selling, they become two to two-and-half times more valuable to us as a buyer. Today we've only just a single digit percentage of our global GMV but in the coming years that will expand to a majority of volume. Should we chalk that uptick on purging some of the low quality buyers and a chunk of that 25% of GMV that they represent, or is that just a macro kind of dropping off? We're providing a slide presentation to accompany Andy's commentary during the call, which is available through the Investor Relations section of the eBay website at investors.ebayinc.com. Found inside他獲得5,500萬美元的收益:SEC Info – Ebay Inc – S-4 – on 8/6/02, ... (PYPL) CEO Dan Schulman on Q4 2016 Results – Earnings Call Transcript, 26.01.2017, ... eBay operates one of the largest e-commerce marketplaces in the world, with $85 billion in 2020 gross merchandise volume, or GMV, rendering the firm the fifth- largest global e-commerce company. I've got the whole organization pivoted to focusing on those high-value buyers; buyers that are buying over $800, buying six times a year, or buyers who sell. Cost of revenue was up over 1 point year-on-year driven by managed payments and our first-party inventory program in Korea, partially offset by volume leverage. Yeah. On a spot basis, this represents a decrease of 7% year-over-year. Later, we will conduct a question-and-answer session and instructions will follow at … And you're seeing that in sneakers, you're seeing that in what we did with our Brand fashion outlet in the UK and you'll see us continue to focus on attracting that customer to the platform. Cost of revenue has increased in-line with Payments growth due to processing costs. Good afternoon, everyone. Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services. Yeah, yeah. What is the uptick been of the subscription product and kind of what is the product roadmap look like from here? If I look at it on a sequential basis, it was actually slightly down in a seasonally strong quarter. He's done an excellent job creating value for the company and leading our finance team over the last couple of years. In this conference call, management will make forward-looking statements, including without limitation, statements regarding our future performance and expected financial results. We've now authenticated 1 million items on the platform. In conclusion, during the quarter, we delivered strong short-term results, ahead of expectations, while transforming the company for the longer-term. Our next question comes from Ross Sandler with Barclays. Earnings Call Transcripts. Finally, I would like to call out the incredible generosity of our buyers and sellers. In the near term it is important to note that we will begin to lap significantly tougher comps toward the end of Q1. Your next question comes from Youssef Squali with Truist Securities. Yahoo Finance Video. Listen to Webcast. It's rather de minimis when you look at the overall cost structure in terms of, in fact, less than half a point of margin, is where you go from authentication, but the amount of stickiness that is providing for our customers when against cost category buying more than pays for itself and it's an investment we're really glad we're making as we think about the whole ecosystem and then the ability for that to move across categories. The generosity showed by our buyers and sellers is amazing. And that's where I think about it just getting a little bit better every single day in how we're able to do that. eBay generates revenue from listing fees, advertising, revenue-sharing arrangements with service providers, and managed payments, with its platform … ET Prepared … In summary, we are making progress on our vision to realize the enormous untapped potential of eBay and we have a clear roadmap for 2021 and beyond. It's a huge area of why we're focused on pre-owned, not only because of the attractiveness there, but also just the impact on the planet. These experiences are driving significantly higher than average customer satisfaction and we see opportunities to expand its capability to other verticals and markets. We expect non-GAAP EPS of $0.86 to $0.90 per share representing 4% to 9% growth. Thanks for taking my question. It's given us a little bit of a tailwind to lean a little bit on investment. But what sort of underlies the strategy around focus, around this 20% of the buyer base? Your line is open. Jun 4, 2013 8:27 AM EDT. Slides ( PDF ) 243 KB. To expand the buyer base, we are investing in new channels, including social marketing to reach more Gen Z and millennial customers. But definitely a focus on the Gen Z and millennials. All right. We recently announced an agreement with Permira to sell approximately 135 million shares for more than $2.4 billion. As a leader in trading cards with 25 years of transactional data, no one is better positioned to estimate the value of every card ever sold. All right. And before you do I forgot that I didn't answer your advertising question. The time it takes to create a listing has been dramatically reduced and we plan to expand the capability to more product categories later this year. Product Development costs increased year-over-year as we continue to invest in product innovation, supporting our strategic initiatives. Okay. 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