TripAdvisor (TRIP) Q2 2012 Earnings Call July 24, 2012 5:00 pm ET Executives Will Lyons Stephen Kaufer - Co-Founder, Chief Executive Officer, President, Director and Member of Executive Committee Julie M. B. Bradley - Chief Financial Officer, Chief Accounting Officer, Senior Vice President and Treasurer Analysts Nathaniel Schindler - BofA Merrill Lynch, Research Division Heath P. Terry - Goldman Sachs Group Inc., Research Division Tom White - Macquarie Research Herman Leung - Susquehanna Financial Group, LLLP, Research Division Michael J. Olson - Piper Jaffray Companies, Research Division Anthony J. DiClemente - Barclays Capital, Research Division Scott W. Devitt - Morgan Stanley, Research Division Chad Bartley - Pacific Crest Securities, Inc., Research Division Douglas Anmuth - JP Morgan Chase & Co, Research Division Mark S. Mahaney - Citigroup Inc, Research Division Peter Stabler - Wells Fargo Securities, LLC, Research Division Brian Nowak - Nomura Securities Co. Ltd., Research Division PresentationOperator
Good afternoon, ladies and gentlemen, and welcome to TripAdvisor's Second Quarter 2012 Conference Call. [Operator Instructions] As a reminder, this conference call is being recorded. Now I'll turn the conference over to Will Lyons, Senior Director of Investor Relations. Please begin. Will Lyons Thanks, Tyrone. Good afternoon, everyone, and welcome to TripAdvisor's Second Quarter 2012 Earnings Conference Call. We appreciate your joining us today. I'm Will Lyons, Senior Director of Investor Relations for TripAdvisor, and joining me on the call today are CEO Steve Kaufer; and our CFO Julie Bradley. Before we begin, I'd like to remind you that today's presentation contains estimates and other statements that are forward-looking under the Private Securities Litigation Reform Act of 1995. These forward-looking statements are subject to risks and uncertainties and involve a number of factors that could cause actual results to differ materially from those expressed or implied by such statements. Additional information concerning these factors is contained in TripAdvisor's filings with the SEC, including our annual report filed on Form 10-K, which is available on www.sec.gov. The forward-looking statements included in this call represent the company's views on July 24, 2012. TripAdvisor disclaims any obligation to update these statements to reflect future events or circumstances.