Angie's List, Inc. (NASDAQ:ANGI) Q4 2018 Earnings Conference Call Transcript

Feb 08, 2019 • 08:30 am ET

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Angie's List, Inc. (NASDAQ:ANGI) Q4 2018 Earnings Conference Call Transcript

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Presentation
Operator
Operator

Good day and welcome to the ANGI Homeservices Fourth Quarter 2018 Results Call. I would now like to turn the conference over to Mr. Glenn Schiffman. Please go ahead, sir.

Executive
Glenn H. Schiffman

Thank you, operator. Good morning, everyone. Glenn Schiffman here and welcome to the ANGI Homeservices fourth quarter earnings call. Joining me today is Joey Levin, Chairman of ANGI Homeservices and CEO of IAC, and Brandon Ridenour, CEO of ANGI Homeservices. Joey and I will also address any questions you may have on IAC's fourth quarter results.

Similar to last quarter, supplemental to our quarterly earnings releases, IAC has also published its quarterly shareholder letter. We will not be reading the shareholder letter on this call. It is 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'll open it up to Q&A.

Before we get to that, I would 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 such 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 both IAC and ANGI Homeservices fourth quarter press releases and our reports filed with the SEC.

We will 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 again to our press releases and the Investor Relations section of our website for all comparable GAAP measures and full reconciliations for all material non-GAAP measures.

Now let's jump right into it. Joe?

Executive
Joey Levin

Thanks, Glenn. We're now up to almost 8,000 employees at IAC and I just want to thank all of them before another great quarter which capped I think the best year in IAC's history and it's fun to be a part of it and fun to have everyone among those 8,000 a part of it. We have lots to look forward to at IAC right now, so I want to get to questions quickly so we can answer on what that looks like. And with that, I'll turn it over to questions.