Andy Cring

“I will begin my prepared remarks with our first quarter financial highlights starting on slide four of the earnings presentation. The first quarter was another great quarter for eBay.”

“I will begin my prepared remarks with our Q4 financial highlights, starting on Slide 4 of the earnings presentation. In Q4, we generated $2.9 billion of revenue, $0.86 of non-GAAP EPS, and $715 million of free cash flow, while returning $529 million to shareholders through share repurchases and cash dividends.”

“Before I walk you through the results for the quarter, I'm going to take a few minutes to provide some additional context on the financial reporting impact of moving our Classifieds business to discontinued operations.”

“The last 90 days have been an incredibly exciting time for eBay. First, we've begun the process of ramping managed payments, which will greatly improve the experience for both buyers and sellers while delivering incremental revenue and operating profit to the business.”