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July 25, 2012 4:30 pm ET
Courtney Hicks Dickey
Brian H. Sharples - Co-Founder, Chairman, Chief Executive Officer and President
Rebecca Lynn Atchison - Chief Financial Officer, Principal Accounting Officer and Secretary
Nishant Verma - Morgan Stanley, Research Division
Ralph Schackart - William Blair & Company L.L.C., Research Division
Shelby Taffer - JP Morgan Chase & Co, Research Division
Lloyd Walmsley - Deutsche Bank AG, Research Division
Heath P. Terry - Goldman Sachs Group Inc., Research Division
Herman Leung - Susquehanna Financial Group, LLLP, Research Division
Stephen Ju - Crédit Suisse AG, Research Division
Mark S. Mahaney - Citigroup Inc, Research Division
George I. Askew - Stifel, Nicolaus & Co., Inc., Research Division
Greetings, and welcome to the HomeAway, Inc. Second Quarter 2012 Earnings Conference Call. [Operator Instructions] A brief question-and-answer session will follow the formal presentation. [Operator Instructions] As a reminder, this conference is being recorded. It is now my pleasure to introduce your host, Courtney Dickey, HomeAway, Legal. Thank you, Ms. Dickey. You may begin.
Courtney Hicks Dickey
Thank you, and welcome to HomeAway's second quarter 2012 financial results conference call. By now, everyone should have access to the second quarter's earning release, which was distributed today at approximately 4:00 p.m. Eastern Time. If you've not received a copy of the release, it can be found on the Investor Relations tab at www.homeaway.com. This call is being webcast and is available for replay.
In our remarks today, we will include statements that are considered forward looking within the meaning of securities laws. In addition, management may make additional forward-looking statements in response to your questions. Forward-looking statements are based on management's current knowledge and expectations as of today, July 25, 2012, and are subject to certain risks and uncertainties that may cause actual results to differ materially from the forward-looking statements.