Sonos, Inc.

All righty, so we're going to get started here, 205, 206, actually. For those of you that don't know me, my name is Eric Ledring. I lead the hardware research efforts here at Morgan Stanley. I'm very pleased to be joined here by Patrick Spence, Sonos' CEO, Eddie Lazarus, Sonos' CFO. Before I start, let me just read the research disclosure. For important disclosures, please see the Morgan Stanley Research Disclosure website at www. www.morganstanley.com slash research disclosures. If you have any questions, please reach out to your Morgan Stanley sales rep.

I'd rather it work.

I got it. Thanks, Patrick. So today is an exciting day for you guys. Usher in, let's call it, a new era of sound. Very fun words there, of course. So maybe if you could just talk about the products you launched this morning and then some of the more, you know, the partnership that you announced as well. Let's start there and then we'll go on.