http://www.morningstar.com/earnings/44174220-ebay-inc-ebay-q3-2012.aspx

eBay Inc EBAY
Q3 2012 Earnings Call Transcript

Transcript Call Date 10/17/2012

Operator: Good day, ladies and gentlemen, and welcome to eBay's Third Quarter 2012 Earnings Conference Call. At this time, all participants are in a listen-only mode. Later, we'll conduct a question-and-answer session and instructions will be given at that time. As a reminder, this conference call maybe recorded.

I would now like to turn the conference over to Mr. Tom Hudson, Vice President of Investor Relations. Sir, you may begin.

Tom Hudson - IR: Good afternoon. Thank you for joining us, and welcome to eBay's earnings release conference call for the third quarter of 2012. Joining me today on the call are John Donahoe, our President and Chief Executive Officer; and Bob Swan, our Chief Financial Officer.

We're providing a slide presentation to accompany Bob's commentary during the call. All growth rates mentioned in John and Bob's prepared remarks represent year-over-year comparisons unless they clarify otherwise. This conference call is also being broadcast on the Internet, and both the presentation and call are available through the IR section of the eBay's website at investor.ebayinc.com. In addition, an archive of the webcast will be accessible for 90 days through the same link.

Before we begin, I'd like to remind you that during the course of the conference call, we will discuss some non-GAAP measures in talking about our Company's performance. You can find a reconciliation of those measures to the nearest comparable GAAP measures in the slide presentation accompanying the call.

In addition, management will make forward-looking statements relating to our future performance that are based on current expectations, forecasts, assumptions, and involve risks and uncertainties. These statements include, but are not limited to, statements regarding expected financial results for the fourth quarter and for the full year 2011, and future growth in Payments, Marketplaces and GSI businesses, mobile payments and mobile commerce.

Our actual results may differ materially from those discussed in the call for a variety of reasons, including, but not limited to; changes in political, business, and economic conditions; foreign exchange fluctuations; our need to successfully react to the increasing importance of mobile payments and commerce, and increasing social aspect of commerce; an increasingly competitive environment for our businesses; the complexities of managing an increasingly large enterprise with a broad range of businesses at different stages of maturity; our need to manage regulatory, tax, and litigation risks, including risks specific to PayPal and Bill Me Later; our ability to integrate, manage and grow businesses recently acquired or that may be acquired in the future; our need to timely upgrade and develop our systems, infrastructure, and customer service capabilities at reasonable cost while maintaining site stability and performance and adding new products and features.

You can find more information about the 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 investor.ebayinc.com. You should not rely on any forward-looking statements. All information in this presentation is as of October 17, 2012, and we do not intend and undertake no duty to update this information.

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