TripAdvisor, Inc. (TRIP) Q4 2025 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:05.537 Hello, and thank you for standing by. Welcome to TripAdvisor fourth quarter 2025 00:00:05.537 -- 00:00:10.843 conference call. At this time, all participants are in a listen-only mode. 00:00:10.843 -- 00:00:15.428 After the speaker's presentation, there will be a question and answer session. 00:00:15.428 -- 00:00:20.773 To ask the question during the session, you will need to press star 11 on your telephone. 00:00:20.773 -- 00:00:24.898 You will then hear an automated message advising your hand is raised. 00:00:24.898 -- 00:00:28.820 To withdraw your question, please press star 11 again. 00:00:28.820 -- 00:00:32.865 I would now like to hand the conference over to Angela White, Vice President of Investor 00:00:32.865 -- 00:00:35.987 Relations. You may begin. 00:00:36.390 -- 00:00:40.655 Thank you, Tawanda. Good morning, everyone, and welcome to TripAdvisor's fourth quarter 00:00:40.655 -- 00:00:43.879 and full year 2025 financial results call. 00:00:43.879 -- 00:00:48.565 Joining me today are Matt Goldberg, President and CEO, and Mike Noonan, CFO. 00:00:48.565 -- 00:00:51.589 Earlier this morning, we filed and made available our earnings release. 00:00:51.589 -- 00:00:54.132 In that release, you'll find reconciliations 00:00:54.132 -- 00:00:58.077 of non-GAAP financial measures to the most comparable GAAP financial measure discussed 00:00:58.077 -- 00:01:03.216 on this call. Before we begin, I'd like to remind you that this call may contain estimates 00:01:03.216 -- 00:01:07.481 and other forward-looking statements that represent management's views as of today, February 00:01:07.481 -- 00:01:09.483 12, 2026. TRIP 00:01:09.483 -- 00:01:13.768 Advisor disclaims any obligation to update these statements to reflect future events 00:01:1...