Playboy, Inc.

Good afternoon, everyone, and welcome to PLBY Group's full year and fourth quarter 2023 earnings conference call. Hosting today's call are Ben Cohen, Chief Executive Officer, and Mark Crossman, Chief Financial Officer and Chief Operating Officer. The company will be hosting a question and answer session today. To join the queue to ask a question, please press star 1 on your telephone keypad. A confirmation tool will indicate your line is in the question queue. While we wait for the queue to fill, I'd like to hand the call over to Ashley DeSimone of ICR.

Thank you, Operator. Good afternoon, everyone. I'd like to remind everyone that the information discussed today is qualified in its entirety by the Form 8K filed today by PLBY Group, which may be accessed on the SEC's website and PLBY Group's website. Today's call is also being webcast, and a replay will be posted to the company's investor relations website. Please note that statements made during this call, including financial productions or other statements that are not historical in nature, may constitute forward-looking statements. Such statements are made on the basis of PLDY Group's views and assumptions regarding future events and business performance at the time they're made, and we do not undertake any obligation to update these statements. Forward-looking statements are subject to risks, which could cause the company's actual results to differ from its historical results and forecasts, including those risks set forth in the company's filings with the SEC. And you should refer to and carefully consider those for more information. This cautionary statement applies to all forward-looking statements made during this call. Do not place undue reliance on any forward-looking statements. During this call, the company may refer to non-GAAP financial measures. Such non-GAAP measures are not prepared in accordance with generally accepted accounting principles. A reconciliation of non-GAAP financial measures to the most directly comparable GAAP measures is available in the earnings release PLBY Group filed with its Form 8-K today. With that, I will hand the call back over to the operator to begin the Q&A session. Operator?

Thank you. Again, at this time, we will be conducting a question and answer session. And again, if you'd like to ask a question, please press star 1 on your telephone keypad. A confirmation tone will indicate your line is in the question queue. You may also press star 2 if you would like to remove your question from the queue. And for participants using any speaker equipment, it may be necessary to pick up your handset before pressing these star keys. One moment, please, while we poll for questions. Our first question comes from the line of Jason Tillicham with Canaccord Genuity. Please proceed with your question.