Playtika Holding Corp.

Good day and thank you for standing by. Welcome to the Platica Q2 2025 earnings conference call. At this time, all participants are in a listen-only mode. After the speaker's presentation, there will be a question and answer session. To ask a question during the session, you will need to press star 1-1 on your telephone. You will then hear an automated message advising your hand is raised. To withdraw your question, please press star 1-1 again. Please be advised that today's conference is being recorded. I would now like to hand the conference over to your speaker today, Tay Lee, SVP, Corporate Finance and Investor Relations. Please go ahead.

Welcome everyone and thank you for joining us today for the second quarter 2025 earnings call for Platica Holding Court. Joining me on the call today are Robert Anticall, co-founder and CEO of Platica, and Craig Abrams, Platica's president and chief financial officer. I'd like to remind you that today's discussion may contain forward-looking statements, including but not limited to the company's anticipated future revenue and operating performance, and more specifically, the future performance of our individual titles such as -O-Mania or our recently launched Disney Solitaire. These statements and other comments are not a guarantee of future performance, but rather are subject to risks and uncertainties, some of which are beyond our control. These forward-looking statements apply to today, and you should not rely on them as representing our views of the future. We undertake no obligation to update these statements after this call. We've posted an accompanying slide deck to our investor relations website, which contain information of forward-looking statements and non-GAAP measures, and we'll also post our prepared remarks immediately following the call. For a more complete discussion of the risks and uncertainties, please see our filings with the SEC. With that, I'll now turn the call over to Robert.

Good morning and thank you everyone for joining our call today. I want to start by acknowledging the resilience and dedication of our team. Despite the ongoing headwinds facing mobile gaming, we remain firm in our commitment to our strategic priorities. For Q225, we are reporting revenue of $696 million and adjusted EBITDA of $167 million. While these numbers reflect some unperformance, we have several positive developments to highlight. First, I am incredibly happy to share the success of our last launch, Disney Solitaire. The game has already hit the $100 million annual run rate revenue threshold, which is testament to the incredible work of our Super Play Studios, working in collaboration with Disney and Pixar Games. This achievement helped drive sequential growth in the Super Play portfolio, and we are optimistic about its continued performance. We have been pleased with the overall performance of Disney Solitaire and the Super Play portfolio since the acquisition. Second, coming off record quarter in Q1, Bingo Blitz continued to experience a strong engagement across the board. The studio is seeing a strong ramp up in the D2C revenue, and we are pleased with the performance of the largest game in our portfolio. Third, we're increasing our long-term target for D2C to 40%, up from 30%. The goal is to sustain EBITDA and free cash flow as we manage changes within our portfolio and respond to changing landscape of direct payments. During this period, our more mature titles are disappearing declined in revenue, while our more recently acquired titles are in process of transitioning from being EBITDA negative to positive. We believe that continuing to increase our D2C penetration will help offset margin pressure during this traditional period. Turning to Slotomania, the game continues to face challenges. Our team is working hard on various tests to stabilize the game economy. As we mentioned previously, this is a part of getting growth before it's getting better. Although players' engagement continues to be strong, monetization has not kept pace, and the team is prioritizing efforts to improve this area. Our new slot game is critical component to our slot strategy, and we are taking a major approach to this development. We remain on track to launch it in the fourth quarter of this year, and while we do not expect a material impact on our -year-olds, we see it an important long-term growth driver for Playteca. In addition, SuperPlay's next new game has the potential to be a standout in its category, with the launch timing details to be shared at a future date. Beyond this project, we're actively exploring opportunities to develop and launch additional new games in genres that are strategically important to us. We're excited about the pipeline we are building and look forward to providing more updates as this project progresses. Thank you, and I will now turn the call over to Craig for more details review of our financial performance.