This presentation, the accompanying conference call and the related earnings press release contain “forward-looking”statements which are subject to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995.
Forward-looking statements include all statements that are not historical facts, including statements about our plannedinvestments in key strategic areas and our expected ﬁnancial metrics such as revenue, adjusted EBITDA, stock-basedcompensation and other matters. The achievement of the matters covered by such forward-looking statements involves risks,uncertainties and assumptions. If any of these risks or uncertainties materialize or if any of the assumptions prove incorrect, ouractual results, performance or achievements could be materially di
erent from any future results, performance or achievementsexpressed or implied by the forward-looking statements. Such risks and uncertainties include, but are not limited to, the mattersset forth in the ﬁlings that we make with the Securities and Exchange Commission from time to time, including those set forth inthe section entitled “Risk Factors” in the company’s Prospectus ﬁled on July 20, 2012 and additional information that will be setforth in our Form 10-Q that will be ﬁled for the quarter ended June 30, 2012, which should be read in conjunction with theseﬁnancial results. These documents are available on the SEC Filings section of the Investor Relations section of our website athttp://ir.kayak.com/. Please also note that forward-looking statements represent our management’s beliefs and assumptionsonly as of the date of this presentation, August 22, 2012. Except as required by law, we assume no obligation to update theseforward-looking statements publicly, or to update the reasons actual results could di
er materially from those anticipated in theforward-looking statements, even if new information becomes available in the future.
In addition to U.S. GAAP ﬁnancials, this presentation includes certain non-GAAP ﬁnancial measures. These non-GAAP measuresare in addition to, and not a substitute for, measures of ﬁnancial performance prepared in accordance with U.S. GAAP. A reconciliation of those non-GAAP measures to the most directly comparable GAAP measures is available in the Appendix.