|Gabrielle Rabinovitch||Head of Investor Relations|
|Dan Schulman||President and Chief Executive Officer|
|Bill Ready||Executive Vice President, Chief Operating Officer|
|John Rainey||Chief Financial Officer and Executive Vice President, Global Customer Operations|
|Darrin Peller||Wolfe Research|
|James Faucette||Morgan Stanley|
|Heath Terry||Goldman Sachs|
Good day, ladies and gentlemen, and welcome to PayPal’s Fourth Quarter and Full Year 2018 Earnings Conference Call. At this time, all participants are in a listen-only mode. Later, we will conduct a question-and-answer session and instructions will be given at that time. [Operator Instructions] As a reminder, this call is being recorded. I would now like to introduce your host for today’s call, Ms.