Raymond Jones | VP of Investor & Corporate Relations |
Rich Barton | Co-Founder and CEO |
Spencer Rascoff | Co-Founder |
Greg Schwartz | President, Media and Marketplace |
Allen Parker | CFO |
Jeremy Wacksman | Chief Marketing Officer |
Ronald Josey | JMP Securities |
Bradley Berning | Craig-Hallum Capital Group, LLC |
Maria Ripps | Canaccord Genuity |
Mark Mahaney | RBC Capital Markets |
John Campbell | Stephens, Inc. |
Ryan McKeveny | Zelman & Associates |
Jason Helfstein | Oppenheimer & Co. |
Lloyd Walmsley | Deutsche Bank |
Justin Patterson | Raymond James |
Heath Terry | Goldman Sachs |
Philip Bugay | D.A. Davidson |
Thomas Champion | Cowen & Co. |
Good day, ladies and gentlemen, and welcome to the Zillow Group Fourth Quarter 2018 Earnings Conference Call. And at this time, all participants are in a listen-only mode. Later, we'll conduct a question-and-answer session and instructions will follow at that time. [Operator instructions] As a reminder, this conference call may be recorded. I would now like to introduce your host for today's conference, Mr.