TripAdvisor Inc. (NASDAQ:TRIP) Q4 2018 Earnings Conference Call Transcript

Feb 13, 2019 • 08:30 am ET


TripAdvisor Inc. (NASDAQ:TRIP) Q4 2018 Earnings Conference Call Transcript


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Good morning, and welcome to TripAdvisor's Fourth quarter 2018 Earnings Conference Call. As a reminder, today's conference is being recorded. At this time, I would like to turn the conference call over to TripAdvisor's Vice President of Investor Relations, Mr. Will Lyons. Please go ahead.

Will Lyons

Thanks, Victor. Good morning, everyone, and welcome to our call. Joining me today are Steve Kaufer, our CEO; and Ernst Teunissen, our CFO. Last night, after market close, we distributed and filed our fourth quarter and full year 2018 earnings release, and we made available our prepared remarks 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. You will also 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'd like to remind you that this call may contain estimates and other forward-looking statements that represent management's views as of today, February 13, 2019.

TripAdvisor disclaims any obligation to update these statements to reflect future events or circumstances. Please refer to our earnings release as well as our filings with the SEC for information concerning factors that could cause actual results to differ materially from these forward-looking statements.

Now here's Steve, who'll share a few thoughts before we open the call up to questions.

Stephen Kaufer

Thank you, Will, and good morning, everyone. To summarize our prepared remarks from last night, our solid fourth quarter capture strong 2018. Looking ahead, we expect double digit EBITDA growth in 2019 while we invest behind the number of attractive growth opportunities that we believe will further enhance our shareholder value. The business continues along the great path and we're excited about what's ahead.

We'll now open up the call for questions.