Codere Online Luxembourg, S.A.

Thank

you for standing by. My name is Angela and I will be your conference operator today. At this time, I would like to welcome everyone to the Qatar Online Second Quarter 2025 Results Conference Call. All lines have been placed on mute to prevent any background noise. After the speaker's remarks, there will be a question and answer session. If you would like to ask a question during this time, simply press star followed by the number one on your telephone keypad. If you would like to adore your question, press star one again. Thank you. I would now like to turn the call over to Mr. Guillermo Lancha, head of investor relations.

Thanks operator and welcome everyone to Qatar Online's earnings call for the second quarter of 2025. Today you will hear from our CEO, Aviv Sher and CFO Oscar Iglesias. Our executive vice chairman Moshe Ederet will also join us in the Q&A section. Please note that while our financial accounts are prepared under IFRS accounting standards, the figures reflected in today's presentation are preliminary and unedited and include certain non-IFRS financial metrics such as net gaming revenue and adjusted EBITDA for which you can find reconciliations in the appendix of the presentation in addition to the figures presented on a constant currency basis. These measures should be considered in addition to and not as a substitute for our IFRS results. Let me also remind you that all monetary figures will be in euro unless expressed otherwise. During this call we will make forward looking statements including those related to our net gaming revenue and adjusted EBITDA outlook which are subject to risks and uncertainties which could cause actual results to differ materially from those anticipated by these statements. While these forward looking statements reflect our current expectations which we believe are reasonable, we undertake no obligation to revise any statement to reflect changes that occur after this call. Finally please note that a replay and transcript of this call will be available on our website at qaudionline.com where you can also sign up for our investor email alerts. With that I will go ahead and pass the call on to Aviv.