TripAdvisor Inc. (NASDAQ:TRIP) Q4 2015 Earnings Conference Call - Final Transcript

Feb 11, 2016 • 08:00 am ET


TripAdvisor Inc. (NASDAQ:TRIP) Q4 2015 Earnings Conference Call - Final Transcript


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Good day ladies and gentlemen and welcome to the TripAdvisor Fourth Quarter 2015 Earnings Conference Call. [Operator Instructions]. As a reminder,this conference call is being recorded.

I would now like to turn the conference over to Will Lyons, Senior Director of Investor Relations. You may begin.

Will Lyons

Thanks, Abigail. Good morning everyone and welcome to TripAdvisor's fourth quarter and year-end 2015 earnings conference call. Joining me today are Steve Kaufer, our CEO; and Ernst Teunissen, our CFO. Earlier today, we distributed our Q4 earnings release on our investor relations website located at In the release, you will find reconciliations of non-GAAP financial measures to the most comparable GAAP financial measures discussed on this call. Also, on our investor relations website, you will find supplemental financial information which includes certain non-GAAP financial measures discussed on this call, as well as other performance metrics.

Before we begin, I would like to remind you that estimates and other forward-looking statements included in this call represent the Company's views as of today, February 11, 2016. TripAdvisor disclaims any obligation to update these statements to reflect future events or circumstances. Please refer to today's earnings release and TripAdvisor's filings with the SEC for information concerning factors that could cause actual results to differ materially from those expressed or implied by such statements. Finally, unless otherwise stated, all comparisons on this call will be against our results for the comparable period of 2014. And with that, I will turn the call over to Steve.

Steve Kaufer

Thank you, Will, and thank you everyone for joining the call. TripAdvisor is rapidly building the best end-to-end user experience in travel. Helping users plan and book the perfect trip is our North Star, and 2015 was a foundational year in pursuit of this mission. We are reinventing how users book and have awesome trips. Think about how it has been for the past five years to 10 years. You've gone online, you have likely searched on TripAdvisor, you have looked on search engines, you have searched destination sites, you have checked travel booking sites, you have checked supplier sites. At the end of it all, you have searched at least 15 to 20 different sites to try to figure out where do you want to go, where are you going to have a great time, where are you going to stay, how are you going to book it and then you've got to go do the whole search all over again to go find the best price and feel safe about where you are booking.

At TripAdvisor, we have sought to solve these inefficiencies in that travel booking journey. Recently, we have done this in three ways. First, we have widened our content moat, reinforcing our leadership position as the most trusted brand in travel research. Since 2011, network effects have intensified as user content has accelerated from 30 contributions per minute to more than 200 per minute. In 2015 alone, users added 82 million contributions on TripAdvisor and we now offer