Criteo S.A.

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Good morning, and welcome to Criteo's fourth quarter and fiscal year 2025 earnings call. All participants will be in listen-only mode. Should you need assistance, please press the star key followed by zero. After the prepared remarks, there will be an opportunity to ask questions. To ask a question, please press star, then one. For a drier question, please press star, then two. Please note, this event is being recorded. I would now like to turn the conference over to Melanie D'Ambre, Senior Vice President, Investor Relations and Corporate Communications. Please go ahead.

Melanie D' Good morning, everyone, and welcome to Credeo's fourth quarter and fiscal year 2025 earnings call. Joining us on the call today, Chief Executive Officer Michael Comastecu and Chief Financial Officer Sarah Glickman are going to share some prepared remarks. Joining us for the Q&A session is Todd Persons in his role as Chief Product Officer. As usual, you will find our investor presentation on our IR website now, as well as our prepared remarks and transcript after the call. Before we get started, I would like to remind you that our remarks will include forward-looking statements which reflect critical judgment, assumptions, and analysis of today. Our actual results may differ materially from current expectations based on a number of factors affecting Credo's business. Except as required by law, we do not undertake any obligation to update any forward-looking statements discussed today. For more information, please refer to the risk factors discussed in our earnings release as well as our most recent forms 10-K and 10-Q filed with the SEC. We will also discuss non-GAAP measures of our performance. Definitions and reconciliations to the most directly comparable gap metrics are included in our earnings release published today. Finally, unless otherwise stated, all gross comparisons made during this call are against the same period in the prior year.