Gabrielle Rabinovitch | Investor Relations |
Dan Schulman | President and Chief Executive Officer |
John Rainey | Chief Financial Officer and Executive Vice President-Global Customer Operations |
Tien-Tsin Huang | JPMorgan |
James Faucette | Morgan Stanley |
Bryan Keane | Deutsche Bank |
Lisa Ellis | MoffettNathanson |
Darrin Peller | Wolfe Research |
David Togut | Evercore |
Heath Terry | Goldman Sachs |
Good day, ladies and gentlemen, and welcome to PayPal’s Fourth Quarter and Full Year 2019 Earnings Conference Call. At this time, all participants are in a listen-only mode. After the presentation, there will be a question-and-answer session. [Operator Instructions]. Please be advised that today’s conference is being recorded.