Gabrielle Rabinovitch | SVP and Acting CFO |
Daniel Schulman | President and CEO |
Tien-Tsin Huang | JPMorgan |
Darrin Peller | Wolfe Research |
James Faucette | Morgan Stanley |
Ramsey El Assal | Barclays |
Jason Kupferberg | Bank of America |
David Togut | Evercore ISI |
Bryan Keane | Deutsche Bank |
Good afternoon. My name is Sarah, and I will be your conference operator today. At this time, I would like to welcome everyone to PayPal Holdings' Earnings Conference Call for the Second Quarter 2023. All lines have been placed on mute to prevent any background noise. After the speakers' remarks, there will be a question-and-answer session.