Playtika Holding Corp.

and thank you for standing by. Welcome to the Pletika Q4 2025 earnings conference call. At this time, our participants are in listen-only mode. After the speaker's presentation, there will be a question and answer session. To ask a question during this session, you 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 first speaker today, Tay Lee, SVP, Corporate Finance and Investor Relations. Please go ahead.

Welcome, everyone, and thank you for joining us today for the fourth quarter 2025 earnings call for Pletika Holding Corp. Joining me on the call today are Robert Anzacall, co-founder and CEO of Pletika, and Craig Abrams, Pletika'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. 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 as of today, and you should not rely on them as representing our views in 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 contains information on forward-looking statements and non-GAAP measures, and we will 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 FCC. With that, I'll now turn the call over to Robert.

Good morning, and thank you for joining us. We finished 2025 with a strong fourth quarter that shows our plan is working and the business continues to show bright spots. In Q4, we delivered $678.8 million of revenue and $201.4 million of adjusted EBITDA. Driven by D2C growth, our pivot to casual and super player results. Here is the main point. We are building a balanced set of assets. Every year, more revenues comes from long-life casual games with board reach, and D2C is now core to how we run the business. At the same time, our legacy games still matter. There are still meaningful sources of cash flow, and we are managing them with a focus and care a part of a portfolio, not as one game company. This mix is more balanced, less dependent on any single category, and better positioned to deliver durable free cash flow. First, D2C. D2C keeps growing and adds more value for Platica. In Q4, D2C was 36.8% of our revenues, and we ended the year at about $1 billion in annual D2C revenue. This marks a clear shift in how we engage with players and process transactions. We are building a multi-channel D2C strategy, and we are consistently optimizing those channels to improve unit economics and strengthen our business over time. Second, our casual games. In Q4, casual revenues was about 74% of total revenue. We have evolved our portfolio over the last five years. This borders the business and supports a steadier path. Third, Super Play. Super Play delivered record revenues in Q4, with Disney Solitaire up 21.4% quarter over quarter, and now our second largest game in the portfolio. We see improvements in Dice Dreams, and continuous growth in Domino Dreams. SuperPlay's growth this year is nothing short of amazing. It makes them one of the fastest growing studios in the mobile gaming industry at their scale. We acquired SuperPlay to add top casual games, bring a new growth engine, and widen our base with long life assets. The performance supports this decision and raises our confidence in Super Play. This acquisition highlights a cost-threat at Playtica, recognizing amazing teams and backing them with a capital and operating discipline. With Super Play, we invested behind a talent team with a great potential and provide the financial flexibility to scale games. This reflects our disciplined approach to allocating capital when talent, product, and returns align, and the same playbook guides how we run the entire company. We act from position of strength. We focus on returns, relocating, spend, and generating cash. With that, I will turn the call over to Craig to review our financial outlook and capital allocation framework.