eBay Inc. (EBAY) Q4 2025 Earnings Call

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WEBVTT 00:00:01.364 -- 00:00:04.849 Good day, everyone. My name is Megan, and I will be your conference operator today. 00:00:04.849 -- 00:00:10.477 At this time, I would like to welcome you to the eBay fourth quarter 2025 earnings call. 00:00:10.477 -- 00:00:13.822 All lines have been placed on mute to prevent any background noise. 00:00:13.822 -- 00:00:17.107 After the speaker's remarks, there will be a question and answer session. 00:00:17.107 -- 00:00:20.692 If you'd like to ask a question during this time, and if you have joined via the webinar, 00:00:20.692 -- 00:00:25.660 please use the raise hand icon, which can be found at the bottom of your webinar application. 00:00:25.660 -- 00:00:29.986 At this time, I would like to turn the call over to John Egbert, Vice President of Investor 00:00:29.986 -- 00:00:31.986 Relations. 00:00:32.785 -- 00:00:37.752 Good afternoon. Thank you all for joining us for eBay's fourth quarter 2025 earnings 00:00:37.752 -- 00:00:42.779 conference call. Joining me today on the call are Jamie Iannone, our chief executive 00:00:42.779 -- 00:00:46.584 officer, and Peggy Alford, our chief financial officer. 00:00:46.584 -- 00:00:50.690 We're providing a slide presentation to accompany our commentary during the call, which 00:00:50.690 -- 00:00:56.255 is available through the investor relations section of the eBay website at investors.ebayinc.com. 00:00:57.322 -- 00:01:01.347 Before we begin, I'll remind you that during this conference call, we may discuss certain 00:01:01.347 -- 00:01:04.330 non-GAAP measures related to our performance. 00:01:04.330 -- 00:01:08.114 You can find the reconciliation of these measures to the nearest comparable GAAP measures 00:01:08.114 -- 00:01:11.318 in our accompanying slide presentation. 00:01:11.318 -- 0...