IAC/InterActiveCorp (NASDAQ:IAC) Q4 2016 Earnings Conference Call - Preliminary Transcript

Feb 02, 2017 • 08:30 am ET

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IAC/InterActiveCorp (NASDAQ:IAC) Q4 2016 Earnings Conference Call - Preliminary Transcript

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Presentation
Operator
Operator

Good day, and welcome to the IAC Reports Q4 2016 Results Conference Call.

At this time, I would like to turn the conference over to Joey Levin, CEO. Please go ahead, sir.

Executive
Joey Levin

Actually we are going to let Glenn get the honors on reading the opener.

Executive
Glenn Schiffman

Thank you, Operator. Good morning everyone. Glenn Schiffman here and welcome to our fourth quarter earnings call. Joining me today is Joey Levin, our CEO. As you know in order to give you more time to digest our respective results, Match Group held their fourth quarter earnings call yesterday morning. The focus of this call will be IAC ex-Match. Similar to last quarter supplemental to our quarterly earnings release, we have also published our quarterly shareholder letter. We will not be reading our shareholder letter on this call. It's currently available on the Investor Relations section of our website.

I will shortly turn the call over to Joey to make a few brief introductory remarks and then we will open it up to Q&A. Before we get to that, I'd like to remind you that during this call, we may discuss our outlook and future performance. These forward-looking statements typically may be preceded by words such as, we expect, we believe, we anticipate, or similar statements. These forward-looking views are subject to risks and uncertainties, and our actual results could differ materially from the views expressed today.

Some of the risks have been set forth in our fourth quarter press release and our periodic reports filed with the SEC. We'll also discuss certain non-GAAP measures, which as a reminder include adjusted EBITDA, which we'll refer to today as EBITDA, for simplicity during the call. I'll also refer you to our press release and, again, to the Investor Relations section of our website for all comparable GAAP measures and a full reconciliation for all material non-GAAP measures.

Now let's jump right into it, Joey?

Executive
Joey Levin

Thanks, Glenn. Thank you all for joining us and taking time out of what has been a very eventful week. We are grateful to a very strong finish to 2016 here and that was really across the board from Match to all the rest of IAC. I think we are able to enjoy that moment for a heartbeat and now we're focused on 2017 where we had some very ambitious goals for the year.

This letter we try to outline for you what those goals are, so you know what you're investing in. Hopefully you all have had a chance to read that and I will let you question us on that now.

Executive
Glenn Schiffman

Operator, we're ready for the first question.