Groupon, Inc.

Good day, everyone, and welcome to Groupon's fourth quarter and full year 2018 financial results conference call. At this time, all participants are in a listen-only mode. A question-and-answer session will follow the company's formal remarks. To ask a question, press the star key followed by the 1 on your touchtone phone. Once again, that's star 1 to ask a question. And today's conference call is being recorded. For those for opening remarks, I would like to turn the call over to the Vice President of Investor Relations, Heather Davis. Please go ahead.

Good morning, and welcome to Groupon's fourth quarter 2018 Financial Results Conference Call. On the call today are CEO Rich Williams and CFO Mike Randolphi. The following discussion and responses to your questions reflect management's view as of today, February 13, 2019 only, and will include forward-looking statements. Actual results may differ materially from those expressed or implied in our forward-looking statements. Additional information about risks and other factors that could potentially impact our financial results is included in today's press release and in our filings with the SEC, including our Form 10-K. We encourage investors to use our investor relations website Thank you for watching. We'll see you next time. On the call today, we will also discuss the following non-GAAP financial measures, adjusted EBITDA, FX neutral results, and free cash flow. In our press release and our filings with the SEC, each of which is posted on our Investor Relations website, you will find additional disclosures regarding the non-GAAP measures, including reconciliations of these measures with US GAAP. As we discuss our results during this call, note that all comparisons, unless otherwise stated, refer to year-over-year growth as reported. All gross profit comparisons are FX neutral, with the exception of gross profit per customer, which are as reported. And with that, I'm happy to turn the call over to Rich.

Thanks, Heather, and thanks to everyone for joining our quarterly conference call. We look forward to discussing our results and taking your questions. Hopefully everyone's had the opportunity to read our quarterly letter to stockholders, which we posted yesterday on our investor relations site. It contains a thorough discussion of our 2018 results as well as our 2019 strategy. With that, I'll hand the call over to Mike for some additional color, and then we'll take some questions.