TripAdvisor, Inc.

Good day, everyone. Thank you for standing by and welcome to the TripAdvisor first quarter 2022 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 a question during the Q&A, you will need to press star 1 on your telephone. Please be advised that today's conference is being recorded. If you require any further assistance, please press star 0. I will now hand the conference over to your speaker today, Ms. Angela White. Thank you. Ma'am, please go ahead.

Thank you, Lovely. Good morning, everyone, and welcome to TripAdvisor's first quarter 2022 financial results call. Joining me today are Steve Koffer, CEO, and Ernst Tennyson, CFO and Chief Executive, Viator, The Fork, and Cruise Critic. Last night after market closed, we distributed and filed our 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 financial measure discussed on this call. Also, on our IR website, you'll find supplemental financial information, which also includes reconciliations of certain non-GAAP financial measures discussed 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, May 5, 2022. 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. We just reported a great quarter and a solid start to the year. We are certainly seeing benefits from the recovery, and I'm pleased with our continued execution. I believe that TripAdvisor is uniquely positioned as the world opens up again, and I'm really proud of the role we play in helping travelers. For so many, this brand is about trusted advice, guidance, a community, a spirit of adventure. And with the travel industry in recovery mode, we're really excited about the year ahead. Another reason for our excitement relates to the other announcement we made last night. Matt Goldberg will join us as CEO starting in July. As you read in last night's release, his experience across multiple industries and travel and digital media and advertising, as well as his experience in strategy and operations, make him a really great fit for TripAdvisor. We look forward to introducing him to you on the next call, and in the meantime, I personally look forward to bringing him up to speed on our amazing business and helping him to hit the ground running. On behalf of the entire TripAdvisor family, we welcome Matt to TripAdvisor. With that, let me turn it over to Ernst before we take your questions.