Expedia (EXPE) Q2 2010 Earnings Call July 29, 2010 5:00 pm ET Executives Alan Pickerill - Director, Investor Relations Michael Adler - Chief Financial Officer and Executive Vice President Dara Khosrowshahi - Chief Executive Officer, President, Director, Member of Preferred Stock Subcommittee and Member of Executive Committee Analysts Sandeep Aggarwal - Caris & Company Michael Millman - Millman Research Associates Kevin Crissey - UBS Investment Bank Ingrid Chung - Goldman Sachs Group Inc. Ross Sandler - RBC Capital Markets Corporation Aaron Kessler - ThinkEquity LLC Douglas Anmuth - Barclays Capital Justin Post - BofA Merrill Lynch Herman Leung - Deutsche Bank AG Scott Kessler - S&P Equity Research Mark Mahaney - Citigroup Inc PresentationOperator
Welcome to the Expedia, Inc. Second Quarter Earnings Conference Call. [Operator Instructions] And I would now like turn the conference over to Alan Pickerill. Please go ahead, sir. Alan Pickerill Good afternoon, and welcome to Expedia, Inc.'s Financial Results Conference Call for the Second Quarter Ended June 30, 2010. I'm pleased to be joined on the call today by Dara Khosrowshahi, Expedia's Chief Executive Officer and President; and Michael Adler, our Chief Financial Officer. The following discussion, including responses to your questions, reflects management's views as of today, July 29, 2010, only. We do not undertake any obligation to update or revise this information. As always, some of the statements made on today's call are forward-looking, typically preceded by words such as we expect, we believe, we anticipate or similar statements. Please refer to today's press release and the company's filings with the SEC for information about factors which could cause our actual results to differ materially from these forward-looking statements.