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Liberty Interactive's CEO Discusses Q2 2012 Results - Earnings Call Transcript

Liberty Interactive Corporation (LINTA)

Q2 2012 Earnings Call

August 8, 2012, 10:00 a.m. ET

Executives

Courtnee Ulrich – VP, IR

Gregory B. Maffei – President, CEO

Christopher W. Shean – SVP, CFO

Mike George – QVC, President, CEO

Claire Watts – QVC U.S. CEO

Analysts

David Gober – Morgan Stanley

Jason Bazinet – Citi

Trisha Dill – Wells Fargo Securities

Tom Forte (James) – Telsey Advisory Group

Matthew Harrigan – Wunderlich Securities

Presentation

Operator

Operator

Good day everyone and welcome to the Liberty Interactive Corporation quarterly earnings conference call. Today’s call is being recorded. At this time, for opening remarks and introductions, I would like to turn the call over to Courtnee Ulrich, Vice President of Investor Relations. Please go ahead.

Courtnee Ulrich

Good morning. Before we begin, we’d like to remind everyone that this call includes certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements about financial guidance, business strategies, market potential, future financial performance, new service and product launches and other matters that are not historical fact. These forward-looking statements involve many risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements, including, without limitation, possible changes in market acceptance of new products or services, competitive issues, regulatory issues, continued access to capital on terms acceptable to Liberty Interactive, the creation of the Liberty Ventures tracking stock and the timing of our proposed REIS offering. These forward-looking statements speak only as of the date of this call, and Liberty Interactive expressly disclaims any obligation or undertaking to disseminate any updates or revisions to any forward-looking statement contained herein to reflect any change in Liberty Interactive's expectations with regard thereto or any change in events, conditions or circumstances on which any such statement is based. On today’s call, we will discuss certain non-GAAP financial measures, including adjusted OIBDA. The required definitions and reconciliations, preliminary notes and schedules one through three can be found at the end of this presentation. With that, I’d like to introduce Greg Maffei, Liberty Interactive’s President and CEO.

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