GoDaddy Inc.

Good morning. My name is Chris, and I will be your conference operator today. At this time, I would like to welcome everyone to the GoDaddy Q2 2019 earnings 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, then the number one on your telephone keypad. If you would like to withdraw your question, press the pound key. Thank you. Sam Kemp. Vice President of Investor Relations and Strategy, you may begin your conference.

Good afternoon, and welcome to GoDaddy's second quarter 2019 earnings conference call. With me today are Scott Wagner, Chief Executive Officer, Ray Winborn, Chief Financial Officer, and Aman Bhutani, who's joining GoDaddy as our next Chief Executive Officer. Scott, Aman, and Ray will share some prepared remarks, and then we'll open up the call for questions. Given that Aman will not be starting as CEO until September 4th, Scott and Ray will be answering all questions related to strategy, operations, and financials. On today's call, we'll be referencing both GAAP and non-GAAP financial results and operating metrics, such as total bookings, unlevered free cash flow, net debt, and ARPU, a discussion of why we use non-GAAP financial measures, and reconciliations of our non-GAAP financial measures to their GAAP equivalents. may be found in the presentation posted to our investor relations website at investors.godaddy.net or on our form 8K filed with the SEC with the day's earnings release. Unless otherwise stated, when we refer to organic measures, we're referring to those measures excluding the impact of Main Street Hub. The matters we'll be discussing today include four looking statements, which include those related to our future financial results, product introductions and innovations, and our ability to execute our leadership transition announced earlier today. Any forward-looking statements that we make on this call are subject to risks and uncertainties that are discussed in detail in our second quarter 10Q are based on assumptions as of today, August 1st, 2019, and may differ materially from actual results. We undertake no obligation to update these statements as a result of new information or future events. With that, here's Scott.

Thanks, Sam. Thanks to everyone for joining us today. As we announced this afternoon, I've been facing health challenges that after talking with my family and GoDaddy's board of directors, require me to make a change in pace and to focus on my health. This was a really, really tough decision for me, but unfortunately I know I can't maintain the same 110% level of energy, drive, commitment that's had GoDaddy first for me for the past seven plus years, and most importantly, what GoDaddy's customers, employees, and shareholders deserve going forward. The board and I have worked methodically to identify a tremendous successor and to lay the groundwork for a smooth transition. I'm honored to introduce everyone to GoDaddy's next CEO, Aman Bhutani. Aman brings a wealth of experience to GoDaddy, an extraordinary track record in growing a scale business, deep expertise in product and engineering, and consistently strong delivery at scale across both go-to-market and customer conversion. Aman is an exceptional leader. and has created strong followings in every organization he's led. Aman's going to fit in great with GoDaddy's culture and our values and bring skills, mindset, and experience to lead the company into the future. For the past four years, Aman's been president of Brand Expedia Group, leading the Expedia, Orbitz, Travelocity, eBookers, and Wotiv brands. He's built up Expedia's advertising and insurance business's and has led multiple product and technology teams that serve the entire company. He's highly successful in many areas that are analogous to what we're focused on here at GoDaddy, and he's highly complimentary to our existing senior leadership team. So with that, here's Aman to say hello to everyone.