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● Exhibit 99.1 ebay eBay Inc. Reports Better Than Expected Third Quarter 2021 Results Revenue of $ 2.5 billion , up 11 % on an as - reported basis and up 10 % on an FX - Neutral basis Gross Merchandise Volume of $ 19.5 billion , down 10 % on an as - reported basis and down 12 % on an FX - Neutral basis • GAAP and Non - GAAP EPS per diluted share of $ 0.43 and $ 0.90 , respectively , on a continuing operations basis • GAAP and Non - GAAP operating margin of 26.5 % and 31.7 % , respectively • Returned $ 2.4 billion to shareholders in Q3 , including $ 2.3 billion of share repurchases and $ 116 million paid in cash dividends San Jose , California , October 27 , 2021 - eBay Inc. ( Nasdaq : EBAY ) , a global commerce leader that connects millions of buyers and sellers around the world , today reported financial results for its third quarter ended September 30 , 2021 . " Our team delivered another strong quarter , once again meeting or surpassing our expectations for all key business metrics , making further progress on our multi - year strategy , " said Jamie lannone , Chief Executive Officer of eBay . " Our Q3 results , driven by the near completion of our managed payments migration , expansion of our advertising portfolio , and volume growth in our focus categories , demonstrate that our strategic playbook continues to work . I'm proud that we've been able to increase customer satisfaction , build trust , and drive steady innovation , all while continuing to set and make progress toward our ambitious goals tied to climate action . " Third Quarter Financial Highlights Revenue was $ 2.5 billion , up 11 % on an as - reported basis and up 10 % on a foreign exchange ( FX ) neutral basis . Gross merchandise volume ( GMV ) was $ 19.5 billion , down 10 % on an as - reported basis and down 12 % on an FX Neutral basis . Annual active buyers declined by 5 % , for a total of 154 million global active buyers . Annual active sellers were flat at 19 million global active sellers . ( 1 ) GAAP net income from continuing operations was $ 283 million , or $ 0.43 per diluted share . Non - GAAP net income from continuing operations was $ 591 million , or $ 0.90 per diluted share . Generated $ 661 million of operating cash flow and $ 502 million of free cash flow from continuing operations . Returned $ 2.4 billion to shareholders in Q3 , including $ 2.3 billion of share repurchases and $ 116 million paid in cash dividends . Business Highlights eBay updated its capital allocation plans for 2021 by increasing its estimated share buyback from $ 5.0 billion to $ 7.0 billion . In October , the company announced its ambitious greenhouse gas ( GHG ) target was approved by the Science Based Targets initiative ( SBTi ) . The company committed to reduce its own ( scope 1 and scope 2 ) emissions 90 % by 2030 from a 2019 base year , in line with limiting global temperature warming to 1.5 ° C , the most ambitious designation available through the SBTi process and aligned with the Paris Agreement . eBay also commits to reduce value chain ( scope 3 ) emissions from downstream transportation and distribution by 20 % in the same timeframe . eBay has also ommitted to being carbon neutral for its offices and data centers ( scope 1 and 2 ) by the end F 2021 , making it one of the first ecommerce companies to do so . With this commitment eBay will continue to prioritize reducing its footprint and will offset any remaining emissions to be carbon neutral from this year forward .