eBay Inc. (NASDAQ:EBAY) Q2 2019 Earnings Conference Call - Final Transcript

Jul 17, 2019 • 05:00 pm ET


eBay Inc. (NASDAQ:EBAY) Q2 2019 Earnings Conference Call - Final Transcript


Loading Event

Loading Transcript


Good afternoon, my name is Sheryl and I will be your conference operator today. At this time, I would like to welcome everyone to the eBay's Q2 2019 Earnings Conference Call. [Operator Instructions]. After the speakers' remarks, there will be a question-and-answer session. [Operator Instructions] Thank you.

Joe Billante, Vice President, Investor Relations, you may begin your conference.

Joe Billante

Good afternoon. Thank you for joining us and welcome to eBay's earnings release conference call for the second quarter of 2019. Joining me today on the call are Devin Wenig, our President and Chief Executive Officer and Scott Schenkel, our Chief Financial Officer. We're providing a slide presentation to accompany Scott's commentary during the call. All revenue and GMV growth rates mentioned in Devin and Scott's remarks represent FX-neutral year-over-year comparisons unless they indicate otherwise.

This conference call is also being broadcast on the Internet and both the presentation and call are available through the Investor Relations section of the eBay website at investors.ebayinc.com. You can visit our Investor Relations website for the latest company news and updates. In addition, an archive of the webcast will be accessible for at least three months through the same link.

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. You can find the reconciliation of these measures to the nearest comparable GAAP measures in the slide presentation accompanying this conference call.

In addition, management will make forward-looking statements 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 the future performance of eBay Inc., and its consolidated subsidiaries, including expected financial results for the third quarter and full year 2019 and the future growth of our business.

Our actual results may differ materially from those discussed in this call for a variety of reasons. You can find more information about risks, uncertainties and other factors that could affect our operating results in our 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 website at investors.ebayinc.com or the SEC's website at sec.gov. You should not rely on any forward-looking statements. All information in this presentation is as of July 17, 2019, and we do not intend and undertake no duty to update this information.

With that, let me turn the call over to Devin.

Devin Wenig

Thanks, Joe and good afternoon everyone. Our plan for this year is to deliver a great customer experience, grow our active buyer base and scale our immediate growth initiatives, advertising and payments. As we build on our strengths of value and unique selection in our marketplace. We are increasingly intermediating and managing that marketplace. To better control both the consumer and the seller experience while creating new growth opportunities. In Q2, we executed that plan, we made tangible customer experience improvements, we delivered good