TripAdvisor, Inc.

Ladies and gentlemen, thank you for standing by and welcome to the TripAdvisor third quarter 2021 conference call. At this time, all participants are in a listen-only mode. After the speaker's presentation, there will be a question and answer session. To ask your question during the session, you will need to press star 1 on your telephone. If you require any further assistance, please press star 0. I would now like to hand the conference over to your speaker for today, Angela White. VP of IR. Angela, please go ahead.

Thank you, Jay. Good morning, everyone, and welcome to TripAdvisor's third quarter 2021 financial results call. Joining me today are Steve Coffer, CEO, and Ernst Tennyson, CFO and Chief Executive, Viator of the Fork and Cruise Critic. Last night after market closed, we distributed and filed our third quarter 2021 earnings release and made available our shareholder letter on our investor relations website. In the release, you'll find reconciliations of non-GAAP financial measures to the most comparable GAAP measure discussed on this call. Also, on our Investor Relations website, you'll find supplemental financial information, which also includes reconciliations of certain non-GAAP financial measures assessed on this call, as well as other 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, November 9th, 2021. 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. With that, I'll turn the call over to Steve.

Thank you, Angela, and good morning, everyone. So before I turn the call over to questions and further commentary from myself and Ernst, I wanted to speak to my transition news. Last night, as you undoubtedly heard, I informed investors and our employees my intentions to step down from the company as CEO at some point in 2022, or as soon as a successor is named by our board of directors. I co-founded TripAdvisor in 2000 with three other amazing people, Nick Chaney, Langley Steinert, and Tom Polka. Our goal? To help people plan and take extraordinary vacations all over the world, powered by the knowledge of people like you who have been there before. Now, while there's never a perfect time, I feel very comfortable that now is the right time for me to announce my transition. The hospitality industry successfully emerging from the pandemic, we're profitable again, we have a great set of leaders in the company, and we were successful in using the time afforded to us during this pandemic to reinvent ourselves delivering an enhanced focus on our experiences in dining sectors, and creating and launching our first subscription product. We have a clear set of priorities, and while we have a lot of work ahead to get there, we have a terrific set of team members who I know are up to the challenge. This company has already changed the way billions travel, and it's extraordinarily well positioned to create and deliver a new set of innovations in the years and decades ahead. As a trusted global brand, as the most popular travel website, and as a major influencer in a $5 trillion industry, we are still a story of upside potential in a massive and really fun category. But as I said yesterday to my TripAdvisor family, the work continues. I have complete confidence that our experienced board of directors will select a great successor and that TripAdvisor's next chapter will be just as exciting as the amazing journey of the past 20-plus years. And in the meantime, I will remain at the helm as fully engaged as I am at driving innovation, building teams, and helping our customers. With that, I'll turn it over to Ernst before we take your questions.