Liberty Interactive's CEO Discusses Q4 2011 Results - Earnings Call Transcript

Liberty Interactive Corporation ( LINTA)

Q4 2011 Earnings Conference Call

February 23, 2012 11:00 am ET

Executives

Courtnee Ulrich – Vice President, Investor Relations

Gregory B. Maffei – President and Chief Executive Officer

Christopher W. Shean – Senior Vice President and Chief Financial Officer

Mike George – QVC, President and Chief Executive Officer

Analysts

David Gober – Morgan Stanley

Barton Crockett – Lazard Capital Markets

Ben Mogil – Stifel Nicolaus

Thomas Forte – Telsey Advisory Group LLC

Matthew Harrigan – Wunderlich Securities

Jason Bazinet – Citigroup

Presentation

Operator

Ladies and gentlemen, good day and welcome to the Liberty Interactive Corporation Quarterly Earnings Conference Call. Today's call is being recorded.

At this time I would like to turn the presentation over to Courtnee Ulrich, Vice President of Investor Relations to read the forward-looking statements.

Courtnee Ulrich

Good morning. Before we begin we would 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, and market potential, future financial performance, new service and product launches, and other matters that are not historical facts.

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 limitations, possible changes in market acceptance of new products or services, competitive issues, regulatory issues and continued access to capital on terms acceptable to Liberty Interactive. 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 statements 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.

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