Playtika Holding Corp.

Good day and thank you for standing by. Welcome to the second quarter 2026 earnings call for Playtika. At this time, all participants are in a listen-only mode. After the speaker's presentation, there'll be a question and answer session. To ask a question during the session, you'll need to press star 11 on your telephone. You'll then hear an automated message advising your hand is raised. To withdraw your question, please press star 11 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, Elad Amit, Senior Vice President, Corporate Finance and Investor Relations. Please go ahead.

Welcome, everyone, and thank you for joining us today for the second quarter of 2026, Earning Call for Platica Holding Corp. Joining me on the call today is Robert Antokol, Co-Founder, President and CEO, and Tae Lee, Chief Financial Officer. I would 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, including the expected marketing investment activity and the impact of AI on the company's business and industry. These statements and other comments are not a guarantee of future performance, but rather are subject to risk and uncertainty, some which are beyond our control. These forward-looking statements apply as of today, and you should not rely on them as representing our view in the future. We undertake no obligation to update this statement after this call. We have 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 risk and uncertainty, please see our filing with the FCC. As a reminder, we will not be taking questions related to the strategic alternative review. With that, I will now turn the call over to Robert.

Good morning and thank you for joining us. I want to speak directly today. There are a few questions we know are on your mind about Playtika. Can we grow? Can we launch a new hit? and when we invest to grow, does it last? These are the right questions to ask and today I want to answer them with results, no words. Let's start with what matters most, our business model works. When we bring players into our games, the goal is to have them stay, not for a quarter, but for years. They keep playing, they keep spending, long after we first bring them in. This is the heart of Playtika. It is what we have built since I have started this company 16 years ago. And this quarter, we clearly saw it again. Look at Disney Solitaire. In the first quarter, we increased our investment to grow this game. and you ask a fair question. What happens when you spend less? Do the players leave? How sustainable is the growth? This quarter, we have a clear answer. We brought our marketing spending down and the game still grew. This only happens when the players you have added continue to stay with you when they keep playing and they keep spending. and this is how we ask you to judge this business. This is the right way to judge a live game. It's over, it's full life. How long the players stay and how much they are worth over that lifetime. What matters is a long-term engagement. The players who stay for years. By this standard, this insoliter has the potential to be one of the best games we have ever built. Our older games make the same point. Sotomayor started this company 16 years ago, and it is still one of the most important games we have in our portfolio. Not because of its size today, but because of what it proves. 16 years on, it is still here, stable performance for three quarters, and still supported by community of players who have stayed within four years. When a game holds its players for that long, that is not a luck. That is the model working. We told you the last quarter that our marketing spending would come down as the year went on. It did. And as it came down, our margin moved up. Our adjusted EBITDA margin this quarter was 28.2%, up from 16.8% in the first quarter. D2C is another area where we did what we said. We told you we would grow this channel and use it to protect our margins. That is exactly what we did. This quarter D2C reached to 39.3% of revenue. This channel is the key part of our future. Let me close with this. Trust is earned. It is earned by saying what we will do and then doing it. We said the players will invest, will stay, and keep spending. And this quarter, they did. We said our margin would rise, and they did. We said we would grow D2C to protect margin, and we did. This is a company that does what it says. And that is how we will keep earning your trust. With that, let me hand it over to Tae to take you through the numbers. Thank you.