The Arena Group Holdings, Inc.

Good afternoon, ladies and gentlemen, and thank you for joining us today. Welcome to the Arena Group's first quarter 2026 earnings conference call. I would now like to turn the conference over to Morgan Fitzgerald, Investor Relations and Social Media. Ms. Fitzgerald, you may begin.

Thank you. Hosting the call today are Paul Edmondson, Chief Executive Officer, and Jeffrey Waite, Principal Financial Officer. Before we begin, I'd like to note that some of the comments made during this call may include forward-looking statements. All statements other than statements of historical fact are statements that could be deemed forward-looking statements. Forward-looking statements relate to the future events or future performance and include, without limitation, statements concerning the company's business strategy, future revenues, and income from continuing operations, anticipated yield growth and monetization improvements, cost reductions, debt refinancing efforts, market growth, capital requirements, product introductions, expansion plans, and our stock price relative to our peers and our share repurchase program, as disclosed in our annual report on Form 10-K for the year ended December 31, 2025, filed with the SEC on March 16, 2026, the 2025 10-K, and in our other SEC filings and publicly available documents. The company cautions investors that any forward-looking statements made in this call or that the company may make orally or in writing from time to time are based on the beliefs of assumptions made by, and information currently available to the company. Such statements are based on assumptions, and the actual outcome will be affected by known and unknown risks, trends, uncertainties, and factors that are beyond the company's control or ability to predict. Accordingly, investors should use caution in relying on forward-looking statements, which are based only on known results and trends at the time that they are made, to anticipate future results or trends. Certain risks are discussed in the company's filings with the SEC. The company disclaims any intention or obligation as except required by law to update or revise any financial projections or forward-looking statements, whether because of new information, future events, or otherwise. In addition, reference will be made to the non-GAAP financial measure, adjusted EBITDA. Information regarding reconciliation of this non-GAAP measure to the closest GAAP measure can be found in the press release that was issued this afternoon and can be also found on the investor relations page of our website at investors.thearenagroup.net. With that, I'll turn the call over to CEO Paul Edmondson. Paul, the call is yours.

Thank you for joining us today to discuss our results from Q1 2026. Q1 2026 was a pivotal quarter of transformation for our company. In anticipation of a typically seasonally lower yield quarter, we deliberately utilized this period as a launchpad, accelerating our AI integration and conducting aggressive technical testing on audience and monetization across our ecosystem. These just weren't experiments. They were strategic investments in the intelligence required to optimize audience engagement and maximize yields. By placing testing at the intersection of audience engagement and monetization, we believe that we have sharpened our competitive edge. While these initiatives were bold, the data we gathered gives us confidence in our ability to drive meaningful yield growth throughout 2026. Additionally, we utilize this quarter to move beyond the experimental phase of AI integration, transitioning into aggressive deployment of proprietary applications that are now fundamentally changing how we develop products and content. By integrating these tools directly into our operational workflow, we have the ability to scale high-quality editorial coverage into untapped, undercovered content areas. This operational agility extends to our video strategy. Recognizing the rapid growth of the clip economy, we have fully reorganized our video efforts to meet the audience where they are. By consolidating our brands under a single leader, Jermaine Spradley, we've eliminated silos and created a lean, centralized engine that is already delivering steady growth. This same focus on diversification is driving our commerce expansion. We are aggressively scaling our e-commerce engine through deepened partner integrations and performance marketing, while simultaneously pivoting toward the future of social selling. Our Q2 launch of Shop HQ on TikTok Shop is a key example of how we are operationalizing new revenue streams to engage directly with our audience at the point of purchase. In short, we're operating with increased precision and efficiency across the entire portfolio. With our audience now optimized and our monetization strategy sharpened by the intensive testing we've conducted in Q1, we expect to see yields improve sequentially throughout the remainder of 2026. With that, I'll turn it over to Jeff to share our financial results.