Glenn D. Fogel | Booking Holdings Inc. |
David I. Goulden | Booking Holdings Inc. |
Daniel J. Finnegan | Booking Holdings Inc. |
Eric J. Sheridan | UBS Securities LLC |
Lloyd Walmsley | Deutsche Bank Securities, Inc. |
Brian Nowak | Morgan Stanley & Co. LLC |
Mark A. May | Citigroup Global Markets, Inc. |
Dae K. Lee | JPMorgan Securities LLC |
Justin Post | Merrill Lynch, Pierce, Fenner & Smith, Inc. |
Paul Bieber | Credit Suisse Securities (NYSE:USA) LLC |
Kevin Kopelman | Cowen & Co. LLC |
Heath Terry | Goldman Sachs & Co. LLC |
Deepak Mathivanan | Barclays Capital, Inc. |
Welcome to Booking Holdings, formerly The Priceline Group, Fourth Quarter 2017 Conference Call. Booking Holdings would like to remind everyone that this call may contain forward-looking statements, which are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are not guarantees of future performance and are subject to certain risks, uncertainties and assumptions that are difficult to predict. Therefore, actual results may differ materially from those expressed, implied or forecasted in any such forward-looking statements. Expressions of future goals or expectations and similar expressions reflecting something other than historical fact are intended to identify forward-looking statements.