Weibo Corporation

Good day and thank you for standing by. Welcome to Weibo First Quarter 2020 True Earnings Call. At this time, all participants are in the listen-only mode. After the speaker's presentation, there will be a question and answer session. To ask a question during the session, you will need to press star 1 on your telephone. Please be advised that today's conference is being recorded. If you require any further assistance, please press star 0. And now, I'd like to hand the conference over to Ms. Sandra Chang from Weibo IR team. Thank you. Please go ahead.

Thank you, Operator. Welcome to Weibo's first quarter 2022 earnings conference call. Joining me today are our Chief Executive Officer, Gaofei Wang, and our Chief Financial Officer, Fei Tao. The conference call is also being broadcasted on the internet and is also available through Weibo's IR website. Before the mentioned remarks, I would like to read you the safe, proper statement in connection with today's conference call. During today's conference call, we may make forelooking statements, statements that are not historical facts, including statements of our beliefs and expectations. Forelooking statements involve inherent risks and uncertainties. A number of important factors could cause actual results to differ materially from those contained in any forelooking statement. Weibo assumes no obligation to update the forward-looking statement in this conference call and elsewhere. Further information regarding this and other risks is included in Weibo'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 hereof. Weibo assumes no obligation to update such information except as required under applicable law. I would like to remind you that our discussion today includes certain non-GAAP measures, which include 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. who are non-recurring in nature, who are not inductive of our core operating results and outlook. Please refer to our press release for more information about our non-GAAP measures. Below your management's prepared remarks, we will open the lines for a brief Q&A session. With this, I would like to turn the call over to our CEO, Gao Feiwang.

Thank you. Hello, everyone. Welcome to the Weibo Disclosure Conference.