eBay Inc. (EBAY) Q1 2023 Earnings Call Transcript

eBay Inc. (NASDAQ:EBAY) Q1 2023 Earnings Conference Call April 26, 2023 5:30 PM ET

Company Participants

John Egbert - Senior Director, IR

Jamie Iannone - CEO

Stephen Priest - CFO

Conference Call Participants

Nikhil Devnani - Bernstein

Eric Sheridan - Goldman Sachs

Wesley Sanford - JPMorgan

Michael Morton - MoffettNathanson.

Deepak Mathivanan - Wolfe Research

Trevor Young - Barclays

Lauren Schenk - Morgan Stanley

Stephen Ju - Credit Suisse

Lee Horowitz - Deutsche Bank

Ygal Arounian - Citigroup

Operator

Good afternoon. My name is Emma, and I will be your conference operator today. At this time, I would like to welcome everyone to the eBay First Quarter 2023 Earnings Conference Call. All lines have been placed on mute to prevent any background noise. After the speaker’s remarks, there will be question-and-answer session. [Operator Instructions]

John Egbert, Senior Director of Investor Relations, you may begin your conference.

John Egbert

Good afternoon. Thank you for joining us for eBay's first quarter 2023 earnings conference call. Joining me today on the call are Jamie Iannone, our Chief Executive Officer; and Steve Priest, our Chief Financial Officer. We're providing a slide presentation to accompany our commentary during the call, which is available through the Investor Relations section of the eBay website at investors.ebayinc.com.

Before we begin, I'll remind you that during this conference call, we will discuss certain non-GAAP measures related to our performance. You can find a reconciliation of these measures to the nearest comparable GAAP measures in our accompanying slide presentation. Additionally, all growth rates noted in our prepared remarks will reflect organic FX neutral year-over-year comparisons, unless indicated otherwise.

During this conference call, management will make forward-looking statements, including without limitation, statements regarding our future performance and expected financial results. These forward-looking statements involve known and unknown risks and uncertainties. Our actual results may differ materially from our forecast 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 periodic reports on Form 10-K, Form 10-Q and our earnings release from earlier today. You should not rely on any forward-looking statements. All information in this presentation is as of April 26, 2023. We do not intend and undertake no duty to update this information.

With that, I'll turn the call over to Jamie.

Jamie Iannone

Thanks, John. Good afternoon, everyone, and thank you for joining us today. I am pleased with our strong performance during the first quarter. We delivered better than expected results across our key financial and operating metrics despite continued challenges in the macro environment. Our emphasis on non-new-in-season goods, advancements of our focused category strategy, site-wide innovation for sellers and buyers and investments in trusted experiences have enhanced the durability of our marketplace and kept us on the path to achieving sustainable long-term growth.