Q4'25 & FY'25 Business & Financial Highlights February 18, 2026 © 2026 eBay | Business & Financial Highlights Q4'25 & FY'25 Disclosures This presentation contains non -GAAP measures relating to our performance. You can find the reconciliation of these measures, exc ept for FX -Neutral basis, to the nearest comparable GAAP measures in the appendix at the end of this presentation. All growth rates represent year -over - year comparisons, except as other wise noted. For numbers in this presentation provided on ...

Core Viewpoint - EBay Inc has forecasted first-quarter revenue above Wall Street estimates and announced the acquisition of fashion marketplace Depop for nearly $1.2 billion, resulting in a significant increase in its share price [1][2]. Financial Performance - EBay expects first-quarter revenue to be between $3 billion and $3.05 billion, surpassing analysts' average estimate of $2.80 billion [2]. - The company reported fourth-quarter revenue of $2.97 billion, exceeding the estimate of $2.88 billion, with a gross merchandise volume (GMV) growth of 10% to $21.24 billion [4]. Acquisition Details - The acquisition of Depop is aimed at enhancing EBay's presence in the pre-loved fashion category, which is experiencing strong momentum [2][3]. - The deal is expected to close in EBay's second quarter and is projected to contribute one to two percentage points to total GMV growth year-over-year by 2026 [3]. Market Strategy - EBay is focusing on "recommerce" and its role in the circular economy by emphasizing pre-owned, refurbished, and authenticated goods, which aligns with the younger generation's interest in sustainability and recycling [1][3].

Q1 2025 Performance - eBay's Gross Merchandise Volume (GMV) reached $18.8 billion, exceeding guidance[7] - Revenue totaled $2.58 billion, also surpassing expectations[7] - Non-GAAP Operating Margin was 29.8%[7] - Diluted Non-GAAP EPS was $1.38, a 10% increase[7] Business Highlights - eBay had 16 million Enthusiast Buyers[7] - The company is strengthening its position in fashion through marketing and partnerships[16] - eBay launched a new AI-powered discovery experience for personalized shopping[17] - A simplified listing flow, powered by Magical Listing technology, is now live for C2C sellers, showing over 90% customer satisfaction[20] - eBay expanded its partnership with Klarna in the US, offering "Buy Now, Pay Later" options[25] Financial Outlook - Q2 2025 GMV is guided to be between $18.6 - $19.1 billion, representing a 1%-4% spot growth[57] - Q2 2025 Revenue is expected to be $2.59 - $2.66 billion, a 1%-3% spot growth[57] - The company targets FY'25 share repurchases of at least $2 billion[59]