3
Full-year 2010 — eBay estimates net revenues in the range of $8.8 billion to $9.1 billion, representing
growth of 9% to 12% excluding the 2009 impact of Skype. The company also estimates GAAP
earnings per diluted share in the range of $1.29 to $1.34 and non-GAAP earnings per diluted share in
the range of $1.63 to $1.68, representing growth of 11% to 14% excluding the 2009 impact of Skype.
Quarterly Conference Call
eBay will host a conference call to discuss fourth quarter and full year 2009 results at 2:00 p.m. Pacific Time
today. A live webcast of the conference call, together with a slide presentation that includes supplemental
financial information and reconciliations of certain non-GAAP measures to their nearest comparable GAAP
measures, can be accessed through the company’s Investor Relations web site at http://investor.ebayinc.com. In
addition, an archive of the webcast will be accessible through the same link.
About eBay Inc.
Founded in 1995 in San Jose, Calif., eBay Inc. (NASDAQ:EBAY) connects millions of buyers and sellers globally
on a daily basis through eBay, the world's largest online marketplace, and PayPal, which enables individuals and
businesses to securely, easily and quickly send and receive online payments. We also reach millions through
specialized marketplaces such as StubHub, the world's largest ticket marketplace, and eBay Classifieds, which
together has presence in more than 1,000 cities around the world. For more information about the company and
our global portfolio of online brands, visit www.ebayinc.com.
Non-GAAP Financial Measures
This press release includes the following financial measures defined as “non-GAAP financial measures” by the
Securities and Exchange Commission, or SEC: non-GAAP net income, non-GAAP earnings per diluted share,
non-GAAP operating margin, non-GAAP effective tax rate, and free cash flow. These measures may be different
from non-GAAP financial measures used by other companies. The presentation of this financial information,
which is not prepared under any comprehensive set of accounting rules or principles, is not intended to be
considered in isolation or as a substitute for the financial information prepared and presented in accordance with
generally accepted accounting principles. For a reconciliation of these non-GAAP financial measures to the
nearest comparable GAAP measures, see “Non-GAAP Measures of Financial Performance,” “Reconciliation of
GAAP Operating Margin to Non-GAAP Operating Margin,” “Reconciliation of GAAP Net Income to Non-GAAP Net
Income,” “Reconciliation of GAAP to Non-GAAP Effective Tax Rate,” “Reconciliation of Operating Cash Flows to
Free Cash Flow” and “Business Outlook” included in this press release.
Forward-Looking Statements
This press release contains forward-looking statements relating to, among other things, the future performance of
eBay and its consolidated subsidiaries 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 first quarter and full year 2010, the focus of the Payments and Marketplaces
business units going forward and future growth in the Marketplaces and Payments businesses. The company’s
actual results could differ materially from those predicted or implied and reported results should not be considered
as an indication of future performance. Factors that could cause or contribute to such differences include, but are
not limited to: the further impact of the credit crisis, continued or worsening economic downturn and other
changes in political, business and economic conditions, including any interest rates and conditions that affect
consumer confidence or e-commerce growth; fluctuations in foreign exchange rates; the company’s ability to
profitably integrate, manage and grow businesses that have been acquired recently or may be acquired in the
future; the company’s need to increasingly achieve growth from its existing users, particularly in its more
established markets; the company’s ability to deal with the increasingly competitive e-commerce environment,
including competition for its sellers from other trading sites and other means of selling, and competition for its
buyers from other merchants, online and offline; the company’s need to manage an increasingly large enterprise
with a broad range of businesses of varying degrees of maturity and in many different geographies; the effect of
management changes and business initiatives; the company’s need and ability to manage other regulatory, tax
and litigation risks as its services are offered in more jurisdictions and applicable laws become more restrictive;
any changes the company may make to its product offerings; the competitive, regulatory, credit card association-
related, and other risks specific to PayPal and Bill Me Later, especially as PayPal continues to expand
geographically and grow its open platform initiative; the company’s ability to upgrade and develop its systems,
infrastructure and customer service capabilities at reasonable cost; and the company’s ability to maintain site