eBay Inc EBAY
Q2 2013 Earnings Call Transcript

Transcript Call Date 07/17/2013

Operator: Good day, ladies and gentlemen, and thank you for standing by, and welcome to eBay's Second Quarter 2013 Earnings Call. At this time, all participants are in a listen-only mode. Later, we will conduct a question-and-answer session and instructions will be given at that time. As a reminder, today's conference may be recorded.

It's now my pleasure to turn the floor over to Tom Hudson, Vice President, Investor Relations. Please go ahead.

Tom Hudson - IR: Good afternoon. Thank you for joining us, and welcome to eBay's earnings release conference call for the second quarter of 2013. 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 eBay's website at In addition, an archive of the webcast will be accessible for 90 days through that 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 and talk about our Company's performance. You can find the reconciliation of those measures to the nearest comparable GAAP measure in the slide presentation accompanying the call. In addition, management will make forward-looking statements relating to our future performance 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 expected financial results for the third quarter and full year 2013, and the future growth in the Payments, Marketplaces and eBay Enterprise businesses.

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 rate fluctuations; our need to successfully react to the increasingly 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, and our need to timely upgrade and develop our systems, infrastructure and customer service capabilities at reasonable costs 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 You should not rely on any forward-looking statements. All information in this presentation is as of July 17, 2013, and we do not intend and undertake no duty to update it.

Read our Earnings Call Transcript disclaimer.
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