Here’s the entire text of the prepared remarks from Expedia’s (ticker: EXPE) Q3 2005 conference call. The Q&A is here. We recognize that this transcript may contain inaccuracies - if you find any, please post a comment below and we’ll incorporate your corrections. And please note: this conference call transcript is a Seeking Alpha product, so feel free to link to it but reproduction is not permitted without the explicit permission of Seeking Alpha.

Executives:

Stu Haas, Vice President, Investor Relations
Barry Diller, Chairman
Dara Khosrowshahi, CEO
Mark Gunning, CFO

Analysts:

Mark Mahaney, Citigroup
Heath Terry, Credit Suisse First Boston
Justin Post, Merrill Lynch
Aaron Kessler, Piper Jaffray
Douglas Anmuth, Lehman Brothers
Scott Devitt, Legg Mason
Michael Millman, Soleil
Robert Peck, Bear Stearns

Presentation

Operator

Good afternoon, ladies and gentlemen, and welcome to Expedia Inc Third Quarter 2005 Earnings Call. At this time all participants are in a listen-only mode. Following today’s presentation, instructions will be given for the question and answer session. If anyone should require operator assistance during the conference, please press the “*