Taboola.com Ltd.

Welcome to Tabula's third quarter 2025 earnings conference call. 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 one one on your telephone. You'll then hear an automated message advising your hand is raised. To withdraw your question, please press star one one 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, Jessica Caracas, Head of Investor Group.

Thank you and good morning, everyone, and welcome to Taboola's third quarter 2025 earnings conference call. I'm here with Adam Sengolda, Taboola's founder and CEO, and Steve Walker, Taboola's CFO. The company issued earnings materials today before the market, and they are available in the investor section of TABULA's website. Now I'll quickly cover the safe harbor. Certain statements today include our expectations for future periods are forward-looking statements. They are not facts and are subject to material risks and uncertainties described in our SEC filings. These statements are based on currently available information, and we undertake no duty to update them except as required by law. Today's discussion is also subject to the forward-looking statement limitations in the earnings press release. Future events could differ materially and adversely from those anticipated. During this call, we will use terms defined in the earnings release and refer to non-GAAP financial measures.

For definitions and reconciliations to GAAP, please refer to the non-GAAP tables in the earnings release posted on our website.