Will Lyons | TripAdvisor, Inc. |
Stephen Kaufer | TripAdvisor, Inc. |
Ernst J. Teunissen | TripAdvisor, Inc. |
Deepak Mathivanan | Barclays Capital, Inc. |
Lloyd Walmsley | Deutsche Bank Securities, Inc. |
Michael J. Olson | Piper Jaffray & Co. |
Justin T. Patterson | Raymond James & Associates, Inc. |
Mark Mahaney | RBC Capital Markets LLC |
Eric J. Sheridan | UBS Securities LLC |
Mark A. May | Citigroup Global Markets, Inc. |
Matthew Brooks | Macquarie Capital (NYSE:USA), Inc. |
Douglas T. Anmuth | JPMorgan Securities LLC |
Thomas White | D.A. Davidson & Co. |
Jed Kelly | Oppenheimer & Co., Inc. |
Kevin Kopelman | Cowen & Co. LLC |
Brad Erickson | KeyBanc Capital Markets, Inc. |
Peter C. Stabler | Wells Fargo Securities LLC |
Naved Khan | SunTrust Robinson Humphrey, Inc. |
James Lee | Mizuho Securities USA LLC |
Good morning, and welcome to TripAdvisor's Second Quarter 2018 Earnings Conference Call.
As a reminder, today's conference call is being recorded. At this time, I'd like to turn the conference call over to TripAdvisor's Vice President of Investor Relations, Mr. Will Lyons. Please go ahead.