Yelp, Inc. (YELP) Q2 2012 Earnings Call August 1, 2012 4:30 PM ET Executives Todd Friedman – IR Jeremy Stoppelman – Co-Founder and CEO Rob Krolik – CFO Analysts Mark Mahaney – Citi Heath Terry – Goldman Sachs Jason Helfstein – Oppenheimer Aaron Kessler – Raymond James PresentationOperator
Good day, ladies and gentlemen and welcome to the Second Quarter 2012 Yelp Incorporated Earnings Conference Call. At this time, all participants are in a listen-only mode. Later we will conduct a question-and-answer-session. (Operator Instructions) At this time, I would now like to hand the call over to your host for today, Mr. Todd Friedman, Investor Relations. Please proceed. Todd Friedman Thanks, operator. Good afternoon everyone, and thank you for joining us in Yelp’s second quarter 2012 conference call. Joining me on the call today is CEO, Jeremy Stoppelman; and CFO, Rob Krolik. Before I turn the call over to the company, I’ll read our Safe Harbor statement. We’ll make certain statements today that are forward-looking and involve a number of risks and uncertainties that could cause actual results to differ materially. Please note that these forward-looking statements reflect our opinions only as of the date of this call. We undertake no obligation to revise or publicly release the results of any revision to these forward-looking statements in light of new information or future events. Please refer to our SEC filings as well as our financial results press release for a more detailed description of the risk factors that may affect our results. During our call today, we’ll discuss adjusted EBITDA. In our press release issued this afternoon and our filings with the SEC, each of which is posted on our website, you will find additional disclosures regarding this non-GAAP financial measure and reconciliations of net loss to adjusted EBITDA.