Zillow Group, Inc.

Good afternoon, my name is Hannah and I will be your conference operator today. At this time, I would like to welcome everyone to the Zillow Group first quarter 2023 conference call. All lines have been placed on mute to prevent any background noise. After the speaker's remarks, there will be a question and answer session. If you would like to ask a question during this time, simply press star followed by the number one on your telephone keypad. If you would like to withdraw your question, press star two keys. Please note, this event is being recorded. I would now like to turn the conference over to Brad Burning, Vice President, Strategic Affairs and Investor Relations. Please go ahead.

Thank you.

Good afternoon, and welcome to Zillow Group's first quarter of 2023 conference call. Joining me today to discuss our results are Zillow Group's co-founder and CEO, Rich Barton, CFO Alan Parker, and COO Jeremy Waxman. During today's call, we will make forward-looking statements about our future performance and operating plans and the housing market based on current expectations and assumptions. These statements are subject to risks and uncertainties, and we encourage you to consider the risk factors described in our SEC filings for additional information. We undertake no obligation to update these statements as a result of new information or future events, except as required by law. This call is being broadcast on the Internet and is accessible on our investor relations website. A recording of the call will be available later today. During the call, we will discuss GAAP and non-GAAP measures, including adjusted EBITDA, which we refer to as EBITDA. We encourage you to read our shareholder letter and our earnings release, which can be found on our investor relations website, as they contain important information about our GAAP and non-GAAP results, including reconciliations of historical non-GAAP financial measures. We will now open the call with remarks, followed by live Q&A. And with that, I will turn the call over to Rich.