Weibo Corporation

Ladies and gentlemen, thank you for standing by and welcome to Weibo reports fourth quarter and fiscal year 2020 financial results conference call. At this time, all participants are in a listen only mode. There will be a presentation followed by a question and answer session. At which time, if you wish to ask a question, you will need to press star one on your telephone. I must advise you that this conference is being recorded. I would now like to hand the conference over to your first speaker, Sandra Zhang, Weibo IR. Thank you. Please go ahead.

Thank you, operator. Welcome to Weibo's fourth quarter and fiscal year 2020 earnings conference call. Joining me today are our Chief Executive Officer, Gaofei Wang, and our Chief Financial Officer, Fei Cao. The conference call is also being broadcast on the Internet and is available through Weibo's IR website. Before the mentioning remarks, I'd like to read you the Safe Harbor Statement in connection with today's call. During today's conference call, we may make forward-looking statements, statements that are not historical facts, including statements of our beliefs and expectations. Forward-looking statements involve inherent risks and uncertainties. A number of important factors could cause actual results to differ materially from those contained in any forward-looking statement. WABOR assumes no obligation to update the full written statement in this conference call and elsewhere. Further information regarding this and other risks is included in WABOR's annual report on Form 20F and other filings with the SEC. All the information provided in this press release is occurring as of the date here. WABOR assumes no obligation to update such information except as required under applicable law. Additionally, I would like to remind you that our discussion today includes certain non-GAAP measures, which includes stock-based compensation and certain other expenses. We use non-GAAP financial measures to gain a better understanding of Weibo's comparative operating performance and future prospects. Our non-GAAP financials include certain expenses, gains and losses, and other items that are not expected to result in future cash payments, or are not recurring in nature, or are not indicative of our core operating result and outlook. Please refer to our press release for more information about our non-debt measures. Knowing management prepared remarks, we open the lines for this Q&A session. With this, I would like to turn the call over to our CEO, Gaofei Wang.

Thank you. Hello, everyone, and welcome to Weibo's fourth quarter and fiscal year 2020 earnings conference call.