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 |
Tien-tsin Huang | JPMorgan |
Darrin Peller | Wolfe Research |
James Faucette | Morgan Stanley |
Heath Terry | Goldman Sachs |
Lisa Ellis | MoffettNathanson |
George Mihalos | Cowen |
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.