Expedia's CEO Discusses Q1 2012 Results - Earnings Call Transcript

Expedia (EXPE)

Q1 2012 Earnings Call

April 26, 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 D. Okerstrom - Chief Financial Officer and Senior Vice President of Corporate Development

Analysts

Tom White - Macquarie Research

Rohit Kulkarni

Bo Nam - JP Morgan Chase & Co, Research Division

Herman Leung - Susquehanna Financial Group, LLLP, Research Division

Ross Sandler - RBC Capital Markets, LLC, Research Division

Michael Millman - Millman Research Associates

Paul Bieber

Michael J. Olson - Piper Jaffray Companies, Research Division

Kevin Kopelman - Cowen and Company, LLC, Research Division

Stephen Ju - Crédit Suisse AG, Research Division

Nishant Verma - Morgan Stanley, Research Division

Bill Lennan

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

Michael Costantini - Nomura Securities Co. Ltd., Research Division

Presentation

Operator

Good day, ladies and gentlemen. Thank you for standing by. Welcome to the Expedia, Inc.'s First Quarter Earnings Conference Call. [Operator Instructions] This conference is being recorded today, April 26, 2012. I would now like to turn the conference over to Alan Pickerill, Vice President of Investor Relation. Please go ahead, sir.

Alan Pickerill

Thanks, Erin. Good afternoon, and welcome to Expedia, Inc.'s financial results conference call for the first quarter ended March 31, 2012. I'm pleased to be joined on the call today by Dara Khosrowshahi, Expedia's CEO and President; and Mark Okerstrom, our CFO.

The following discussion, including responses to your questions, reflects management's views as of today, April 26, 2012 only. We do not undertake any obligation to update or revise this information.

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