Expedia's CEO Discusses Q4 2011 Results - Earnings Call Transcript

Expedia (EXPE)

Q4 2011 Earnings Call

February 09, 2012 5:00 pm ET

Executives

Alan Pickerill -

Dara Khosrowshahi - Chief Executive Officer, President, Director, Member of Preferred Stock Subcommittee and Member of Executive Committee

Mark Okerstrom - Senior Vice President of Corporate Development

Analysts

Tom White - Macquarie Research

Naved Khan - Jefferies & Company, Inc., Research Division

Unknown Analyst

Bo Nam - JP Morgan Chase & Co, Research Division

Michael Millman - Millman Research Associates

Herman Leung - Susquehanna Financial Group, LLLP, Research Division

Paul Bieber

Ross Sandler - RBC Capital Markets, LLC, Research Division

Brian Nowak - Nomura Securities Co. Ltd., Research Division

Heath P. Terry - Goldman Sachs Group Inc., Research Division

Stephen Ju - Crédit Suisse AG, Research Division

Kevin Crissey - UBS Investment Bank, Research Division

Tracy B. Young - Evercore Partners Inc., Research Division

Michael J. Olson - Piper Jaffray Companies, Research Division

Presentation

Operator

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Gentlemen, thank you for standing by. Welcome to the Expedia, Inc. Fourth Quarter Earnings Conference Call. [Operator Instructions] This conference is being recorded today, Thursday, February 9, 2012. I would now like to turn the conference over to Alan Pickerill. Please go ahead, sir.

Alan Pickerill

Thank you, Joe. Good afternoon, and welcome to Expedia, Inc.'s financial results conference Call for the fourth quarter and year ended December 31, 2011. I'm pleased to be joined on the call today by Dara Khosrowshahi, Expedia's CEO and President; and Mike Okerstrom, our CFO. The following discussion, including responses to your questions, reflects management's views as of today, February 9, 2012, only. We do not undertake any obligation to update or revise this information.