Gabrielle Rabinovitch | Head of IR |
Dan Schulman | President and CEO |
John Rainey | CFO |
Bill Ready | COO |
Heath Terry | Goldman Sachs |
Bryan Keane | Deutsche Bank |
Tien-tsin Huang | JP Morgan |
Sanjay Sakhrani | KBW |
James Fawcett | Morgan Stanley |
Paul Condra | Credit Suisse |
Ashwin Shirvaikar | Citi |
Darrin Peller | Barclays |
Good day, ladies and gentlemen, and welcome to PayPal’s Fourth Quarter and Full Year 2017 Earnings Conference Call. At this time, all participants are in a listen-only mode. Later, we will conduct a question-and-answer session and instructions will follow at that time. [Operator Instructions] As a reminder, this conference call is being recorded. I would now like to introduce your host for today’s conference, Ms.