FaZe Holdings Inc.

Good day, everyone. Welcome to FACE Holdings, Inc. fourth quarter and full year 2022 earnings call. At this time, all participants are in a listen-only mode. Later, we will conduct a question and answer session. If you would like to ask a question during this time, simply press star followed by the digit one on your telephone keypad. If you would like to withdraw your question, please press star one again. If anyone should require operator assistance during the conference call, please press star, then zero. Additionally, before getting started, please be advised that due to a technical error, the company reposted its 2022 shareholder letter to the investor relations site at approximately 5 p.m. Eastern Time. Investors are advised to access this updated version of the letter. I would now like to introduce your host for today's conference, Kyron Johnson, General Counsel. Please go ahead, sir.

Thank you, everyone, for joining us. With me today are Lee Trink, Chief Executive Officer, and Christoph Packler, Chief Financial Officer. Before we begin, I want to remind you that comments made by management during this call will include forward-looking statements within the meaning of federal securities laws. These include statements of Faze Holdings financial outlook, the company's plans and timing for product development and sales, and any other statements besides the historical fact. These forward-looking statements are based on management's current expectations and involve risk and uncertainties. For discussion of risk factors, and uncertainties that may affect our performance or cause actual results to differ materially from these statements, please review the most recent SEC filings, which are available on our website at phaseclient.com. In addition, during this call, we may discuss certain non-GAAP financial measures. Additional information regarding these non-GAAP measures, including reconciliations of these measures to the most directly comparable GAAP measures, is contained in our shareholder letter and also available on our website at phaseclient.com. The content of this conference call contains time-sensitive information, accurate only as of the date of this broadcast. Except as required by law, Bayes Holdings undertakes no obligation to revise or otherwise update any statement to reflect events or circumstances after the date of this call. With that, I am pleased to turn over the call to our CEO, Lee Trank.

Thank you, Kyron, and hello, everyone. Thank you for joining us today. on our first full-year earnings call as a public company. I'd like to strongly encourage everyone to read the shareholder letter we posted on our investor relations website, which includes a full update on the state of the business and the opportunities we see ahead of us. On the call today, I'd like to highlight our financial results and discuss our strategic priorities for 2023 before turning the call over to our CFO, Christoph, to review the financials in more detail. First, I am proud to announce that we achieved revenue of $70 million hitting our target for the year. Despite a challenging market environment, particularly since our public listing in July, we've secured new brand partners, welcomed new talent to our roster, and expanded our network to reach over half a billion people worldwide. These achievements are a good reminder of the influence of the Faze brand and what collectively we have created. What started as a hobby for a group of teenagers sits today in an exciting and unique position at the leading edge of the creator economy. Looking at our most recent partnerships with Porsche and Nike, you can see why we are confident about what we can achieve. With Nike in particular, we've previously had other opportunities in the category, but we remain patient for the right deal. We knew Nike was the best fit for us, and we couldn't be more thrilled with the results of our first product collaboration. We also can't wait to show you what we have in store next. So we see great things ahead, but we also know we're operating in a difficult near-term environment. We have re-evaluated our goals and initiatives in 2023 to better align with our capital positions. We've streamlined the business regarding staffing and other cost savings to establish a healthy foundation for embarking on a path to profitability. I am happy to report that we're making significant progress, and we continue to look for cost savings in the business. For the coming year, we are diligently focused on our core revenue drivers, sponsorships, talent, and esports. The Faze Talent Network sits at the very heart of the Faze brand. We are refreshing and optimizing our talent network to concentrate on high engagement talent to drive strength in both sponsorships and esports businesses. Speaking of esports, our Counter-Strike team just had an historic weekend, bringing home FaZe Clan's 38th championship and becoming the first ever international roster to win the Intel Grand Slam. We're extremely proud of that. That being said, we know the past several months have been difficult for our investors. We are committed to FaZe's success and are implementing a strategy that we believe will boost growth this year, considerably reduce our losses, and put FaZe in a stronger position to succeed as a business and as the economy improves. As demonstrated by our Bleachit partners and exceptional talent, we believe the FaZe brand has tremendous value and potential. We are a unique brand that sits at the nexus of Gen Z and the seismic changes in the consumption of both content and products that this digitally native generation is driving. We look forward to capitalizing on our potential in 2023 and beyond. I'll now turn it over to Christoph to review the financials and our outlook in more detail.