TripAdvisor, Inc.

Good morning, and welcome to TripAdvisor's fourth quarter and full year 2020 earnings conference call. As a reminder, today's conference call 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.

Thanks, Liz. Good morning, everyone, and welcome to our call. Joining me today is our CEO, Steve Coffer, and our CFO, Ernst Tonneson. Last night, after market close, we distributed and filed our fourth quarter and full year 2020 earnings earnings release and made available our shareholder letter on our investor relations website. In the release, you will find reconciliations of non-GAAP financial measures to the most comparable GAAP financial measures discussed on this call. On our IR site, you will find supplemental financial information, which includes reconciliations of certain non-GAAP financial measures discussed on this call, as well as other metrics. Also, I'll note that comments regarding cost and cost savings levels referenced on this call do not consider depreciation, amortization, restructuring, and other related reorganization costs or stock-based compensation. 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 19th, 2020. What? 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. And with that, I'll pass the call to Steve.

Thank you, Will, and good morning, everyone. 2020 was a challenging year, but I'm fundamentally optimistic. Inflection curves have been declining, vaccines are being distributed, and from what we see on our site and hear in our research, travelers are all eager to get back out and explore the world. As we described in our shareholder letter, we made a bunch of tough decisions last year. We also shored up our liquidity, got to work helping customers make the best of the current situation, you know, with initiatives like TravelSafe. And most importantly, from my perspective, we prepared TripAdvisor to emerge as a stronger, more focused company when travel comes back. And I'm really proud of what we accomplished. We soft launched our new TripAdvisor Plus product in record time. We're focused on making the core experience TripAdvisor more engaging and personal for all travelers. And we've got some great teams in place growing our exciting restaurants and attraction businesses. We enter 2021 excited about the important role that TripAdvisor can play in the recovery, based both upon our historical reputation as a trusted guidance platform, but also because of our new initiatives that are ready to help travelers take amazing trips. Let me also take a minute to thank everyone at Trip for their commitment during this past year. Know that your hard work is what has positioned our company to help hundreds of millions of travelers get back out on that road again. And all that makes 2021 look like a pretty exciting year for us. Ernst, let me turn it over to you for additional thoughts.