Ebay Inc. · NASDAQ:EBAY
Ebay — Shareholder Meeting (June 2025)
34 slides from Ebay's shareholder meeting presentation, Jun 9, 2025
Slide 1: 2025 Investor Presentation
2025 Investor Presentation June 2025
Slide 2: Disclosures
Disclosures © 2025 eBay. All rights reserved. 2 This presentation contains non-GAAP measures relating to our performance. You can find the reconciliation of these measures, except for FX-Neutral basis, to the nearest comparable GAAP measures in the appendix at the end of this presentation. All growt
Slide 3: Table of Contents
3 © 2025 eBay. All rights reserved. Table of Contents Business, Strategy & Capital Allocation • Our Purpose & Strategy • Our Business at a Glance • Recent Performance • Thoughtful Capital Allocation Board & Governance Practices • Board Composition, Tenure & Refreshment • Active Risk Oversight • Stoc
Slide 4: Business, Strategy & Capital Allocation
4 © 2025 eBay. All rights reserved. 01 Business, Strategy & Capital Allocation
Slide 5: Our Purpose & Strategy
Our Purpose & Strategy Reinventing the Future of Ecommerce for Enthusiasts Focused on Delivering Long - Term, Sustainable Growth 5 © 2025 eBay. All rights reserved. Business, Strategy & Capital Allocation • We have a world - class leadership team with a vision for the future and uncompromising focus
Slide 6: Our Business at a Glance
Our Business at a Glance FY ‘24 Key Metrics 6 © 2025 eBay. All rights reserved. Confidential and proprietary. Note: GMV growth shown on an organic FX - neutral basis; Revenue and EPS growth is as reported. Active & Enthusiast Buyers are trailing 12 - month measures as of 12/31/24 , Enthusiast define
Slide 7: Recent Performance
Recent Performance 7 © 2025 eBay. All rights reserved. Note: All dollar values are in spot FX rates. GMV = Gross Merchandise Volume under current definition. GMV growth shown on an or ganic FX - neutral basis; Revenue & EPS growth shown on as reported basis. *Reconciliations of Non - GAAP measures a
Slide 8: Thoughtful Capital Allocation
Thoughtful Capital Allocation 8 © 2025 eBay. All rights reserved. * Exited Adevinta , Adyen and GMarket stakes in FY’24. Equity investments valued at over $1.1B, including ~$900M stake in Aurelia (privatized Adevinta entity) as of 3/31/2025. ** TSR = Total Stockholder Return (incl. dividends) cumula
Slide 9: Board & Governance Practices
02 9 © 2025 eBay. All rights reserved. Board & Governance Practices
Slide 10: Highly Qualified & Independent Board of Directors; Board Refreshment
Highly Qualified & Independent Board of Directors; Board Refreshment 10 © 2025 eBay. All rights reserved. Board & Governance Practices • Our Board regularly reviews the skills, professional experience, background, age, and tenure of its members to ensure that our Board has highly qualified directors
Slide 11: Experienced Board Nominees with Robust Leadership
Experienced Board Nominees with Robust Leadership 11 © 2025 eBay. All rights reserved. Paul Pressler Operating Advisor, Clayton, Dubilier & Rice Director Since 2015 Chair of the Board Chair Corp. Gov. & Nom. Committee Adriane Brown Managing Partner, Flying Fish Ventures Director Since 2017 Chair Com
Slide 12: Board Succession, Refreshment & Diversity
Board Succession, Refreshment & Diversity 12 © 2025 eBay. All rights reserved. Recent Board Updates Current Board Tenure • Zane Rowe joined our Board in February 2024, bringing skills and expertise complementary to eBay’s strategic vision, including his extensive experience in corporate finance, inv
Slide 13: Active Risk Oversight
Active Risk Oversight Our approach to risk management is designed to identify, assess, prioritize, and manage risk exposures that could affect our ability to execute our corporate strategy and fulfill our business objectives. 13 © 2025 eBay. All rights reserved. • Responsible for the risk management
Slide 14: Stockholder Engagement & Commitment to Governance
Stockholder Engagement & Commitment to Governance 14 © 2025 eBay. All rights reserved. • We maintain a robust dialogue with stockholders and routinely engage with stockholders to seek feedback, which is thoughtfull y c onsidered and in recent years has led management and our Board to make modificati
Slide 15: Executive Compensation
03 15 © 2025 eBay. All rights reserved. Executive Compensation
Slide 16: Executive Compensation Program Aligned with Business Goals & Culture
Executive Compensation Program Aligned with Business Goals & Culture 16 © 2025 eBay. All rights reserved. Executive compensation program is heavily performance - and equity - based, and aligns management with stockholders. Pay Practices Goals • Emphasize pay - for - performance • Majority of compens
Slide 17: Performance-Based Executive Compensation Program Designed to Drive Long-Term Stockholder Returns
Performance - Based Executive Compensation Program Designed to Drive Long - Term Stockholder Returns • We utilized o ur core e quity program in 2024, which was comprised of 60% performance - based restricted stock units (PBRSUs) and 40% restricted stock units (RSUs). • In the first quarter of the ye
Slide 18: Performance-Based Executive Compensation Program Designed to Drive Long-Term Stockholder Returns
Performance - Based Executive Compensation Program Designed to Drive Long - Term Stockholder Returns 18 © 2025 eBay. All rights reserved. Base Salary Long - term Equity Incentives PBRSUs (60%) RSUs (40%) Reflects the scope of executives’ roles and responsibilities, and compensates for expected day -
Slide 19: Annual & Long-Term Plan Metrics Correlated to Sustained Performance
Annual & Long - Term Plan Metrics Correlated to Sustained Performance & Support our Long - Term Strategy 19 © 2025 eBay. All rights reserved. Annual Cash Incentive ( eIP ) Performance Metrics Rationale Company portion is paid based on non - GAAP n et income, which is a widely followed measure of fin
Slide 20: Human Capital & Impact
04 20 © 2025 eBay. All rights reserved. Confidential and proprietary. Human Capital & Impact
Slide 21: Focus on Workplace Culture Includes Board Oversight
1 2 3 1 2 3 Focus on Workplace Culture Includes Board Oversight • eBay’s practice of CEO and senior leader engagement with employees continues, with frequent All - Hands meetings, employee events, and open forums that promote transparency, visibility, and dialogue. • Senior leaders participate in sm
Slide 22: Our Commitment to Be for Everyone
Our Commitment to Be for Everyone Be for Everyone fuels our commitment to diversity, inclusion, and belonging (DIB). We strive to create a workplace where every employee feels valued, empowered, and able to bring their best, most innovative selves to work. • Central to our identity and operations. W
Slide 23: Awards & Recognition Impact Update
Awards & Recognition Impact Update In 2019, we set our second iteration of eBay Impact goals that align with how eBay does business ( see ebayinc.com /impact ). Our targets consider and help advance the UN Sustainable Development Goals. 23 © 2025 eBay. All rights reserved. Confidential and proprieta
Slide 24: Sustainable Commerce Impact Update
Sustainable Commerce Impact Update 24 © 2025 eBay. All rights reserved. Confidential and proprietary. Trusted Marketplace Culture & Workforce Awarded to nonprofits through employee contributions and matching gifts in 2024 Awarded to support entrepreneurship through our Global Give program in 2024 B
Slide 25: 2025 Agenda Items
25 © 2025 eBay. All rights reserved. 05 2025 Agenda Items
Slide 26: Request Support for Broad-Based Equity Plan Amendment
Request Support for Broad-Based Equity Plan Amendment © 2025 eBay. All rights reserved. 26 In proposing the amendment and restatement of our Equity Incentive Award Plan to increase our share reserve by 20 million (among other changes), our Board focused on the key factors summarized below: Talent Cr
Slide 27: Stockholder Proposals – Our Board Recommends Against
Stockholder Proposals – Our Board Recommends Against © 2025 eBay. All rights reserved. 27 2025 Agenda Items Proposal 5: Special Meeting Threshold John Chevedden requests lowering the special meeting threshold from 20% to 10%. Our Board recommends AGAINST the proposal because: • The current ownership
Slide 28: Appendix
Appendix © 2025 eBay. All rights reserved.
Slide 29: Reconciliation of FY 2024 Non-GAAP Operating Margin
Reconciliation of FY 2024 Non - GAAP Operating Margin
Slide 30: Reconciliation of FY 2024 Non-GAAP Net Income / EPS
Reconciliation of FY 2024 Non - GAAP Net Income / EPS
Slide 31: Quarterly Reconciliations of Non-GAAP Operating Margin
Quarterly Reconciliations of Non - GAAP Operating Margin
Slide 32: Quarterly Reconciliation of Non-GAAP Net Income / EPS
Quarterly Reconciliation of Non - GAAP Net Income / EPS December 31, 2023 March 31, 2024 June 30, 2024 September 30, 2024 December 31, 2024 March 31, 2025 GAAP Income from continuing operations $ 728 $ 439 $ 226 $ 636 $ 680 $ 505 Stock-based compensation expense and related employer payroll taxes 15
Slide 33: Quarterly Reconciliation of Organic FX-Neutral Revenue Growth
Quarterly Reconciliation of Organic FX - Neutral Revenue Growth December 31, 2023 March 31, 2024 June 30, 2024 September 30, 2024 December 31, 2024 March 31, 2025 As Reported Revenue Growth 2% 2% 1% 3% 1% 1% Acquisition/Disposition Impact —% —% —% —% —% —% Foreign Currency Impact 1% —% 1% —% —% —% O
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