Expedia Group, Inc. (NASDAQ:EXPE) Q4 2023 Earnings Conference Call February 8, 2024 4:30 PM ET

Company Participants

Harshit Vaish - SVP-Corporate Development, Strategy and Investor Relations

Peter Kern - Vice Chairman and Chief Executive Officer

Julie Whalen - Chief Financial Officer

Conference Call Participants

Naved Khan - B. Riley

Kevin Kopelman - Cowen

Eric Sheridan - Golden Sachs

Lee Horowitz - Deutsche Bank

Anthony Post - Bank of America

Jed Kelly - Oppenheimer

Mark Mahaney - Evercore ISI

Operator

Good day, everyone, and welcome to the Expedia Group Q4 2023 Financial Results Teleconference. My name is Lauren, and I'll be your operator for today's call. [Operator Instructions].

For opening remarks, I will turn the call over to SVP, Corporate Development Strategy and Investor Relations, Harshit Vaish. Please go ahead.

Harshit Vaish

Good afternoon, and welcome to Expedia Group's Fourth Quarter 2023 Earnings Call. I'm pleased to be joined on today's call by our CEO, Peter Kern, and our CFO, Julie Whalen.

As a reminder, our commentary today will include references to certain non-GAAP measures. Reconciliations of these non-GAAP measures to the most comparable GAAP measures are included in our earnings release. And unless otherwise stated, any reference to expenses exclude stock-based compensation.

We will also be making forward-looking statements during the call, which are predictions, projections or other statements about future events. These statements are based on current expectations and assumptions, which are subject to risks and uncertainties that are difficult to predict. Actual results could materially differ due to factors discussed during this call and in our most recent Forms 10-K, 10-Q and other filings with the SEC. Except as required by law, we do not undertake any responsibility to update these forward-looking statements.

Our earnings release, SEC filings, and the replay of today's call can be found on our investor relations website at ir.xpediagroup.com. And with that, let me turn the call over to Peter.

Peter Kern

Thank you, Harshit, and good afternoon, and thank you all for joining us today. First of all, I just want to acknowledge the news that I will be stepping down in May as CEO after my contract ends, and will be passing the baton to Ariane Gorin, who currently heads our Expedia for Business. As many of you know, when I started this unexpected journey during COVID, travel was at a standstill. Money was flowing out of the company faster than we could replace it. And our people, our shareholders, and most of the world were unsure how and when we would ever come back.