eBay Inc. (EBAY) Presents at Morgan Stanley Technology, Media & Telecom Conference 2026 Transcript

SA Transcripts158.79K FollowersFollow5ShareSaveCommentsPlay Earnings CallPlay Earnings Call eBay Inc. (EBAY) Morgan Stanley Technology, Media & Telecom Conference 2026 March 3, 2026 5:35 PM EST Company Participants Peggy Alford - Chief Financial OfficerJamie Iannone - CEO, President & Director Conference Call Participants Nathaniel Feather - Morgan Stanley, Research Division Presentation Nathaniel FeatherMorgan Stanley, Research Division Good afternoon, everyone. Thank you so much for joining us. My name is Nathan Feather. I'm Morgan Stanley's small and mid-cap Internet analyst. I'm pleased to be joined by Jamie Iannone, eBay's CEO; and Peggy Alford, eBay's CFO. Thanks so much for being here. Peggy AlfordChief Financial Officer Thanks for having us. Nathaniel FeatherMorgan Stanley, Research Division All right. Before we get a quick housekeeping item for important disclosures, please see the Morgan in research disclosures website at www.morganstanley.com/researchdisclosures. If you have any questions, please reach out to your Morgan Stanley sales representative. And with that, let's begin. Question-and-Answer Session Nathaniel FeatherMorgan Stanley, Research Division Now although everyone knows eBay, we've seen a lot of investors come back to the story in the past year or so. Jamie, can you give a high-level compare and contrast of where eBay was when you rejoined the business versus where it's at today? Jamie IannoneCEO, President & Director Yes. Thanks for the question, Nathan. So I came back to eBay about 6 years ago. And when I came back, I really refocused on us back on our roots of non-new and seasoned, which is now 90% of what we sell on the platform and really got us aligned around 3 strategic focus areas. First is focus categories. We've invested in these categories now about 35% of our experience. They're growing faster than the rest of the business. In 2025, they grew 12%. And we really have this playbook of driving leading customer satisfaction, game-changing levels of trust, vertical-specific marketing that's worked really well.