Groupon, Inc.

Good day, everyone, and welcome to Groupon's second quarter 2019 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 number one on your touchtone phone. Once again, that's star one to ask a question. Today's conference call is being recorded. 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 second quarter 2019 financial results conference call. On the call today are our CEO, Rich Williams, and CFO, Mike Randolphi. The following discussion and responses to your questions reflect management's views as of today, July 31st, 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 our press release and in our filings with the SEC, including our annual report on Form 10-K for the year-ended December 31, 2018 and subsequent quarterly reports on Form 10-Q. We encourage investors to use our investor relations website at investor.groupon.com as a way of easily finding information about the company. Groupon promptly makes available on this website the reports that the company files or furnishes with the SEC, corporate governance information, Our quarterly stockholder letter and select press releases and social media postings. On the call today, we will also discuss the following non-GAAP financial measures, adjusted EBITDA and FX neutral results. 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 to the most comparable measures under U.S. GAAP. All references to SG&A in 2018 exclude the charges for the IBM patent litigation. As we discuss our results during this call, note that all comparisons, unless otherwise stated, referred 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 has had the opportunity to read our quarterly letter to stockholders, which we posted yesterday on our investor relations site. It contains a discussion of our second quarter results, as well as our updates on our 2019 strategic initiatives. With that, I'll hand the call over to Mike for some additional color, and then we'll take questions.