Weibo Corporation

Good day and thank you for standing by. Welcome to the Waiver Report second quarter 2023 financial results conference call. At this time all participants are in listen only mode. After the speaker's presentation there will be the question and answer session. To ask a question during the session you need to press star 1 and 1 on your telephone keypad. You will then hear an automatic message advising your hand is raised. To withdraw your question please press star and 1 again. Please be advised that today's conference has been recorded. I would now like to hand the conference over to our speaker today, Sandra Zhang. Please go ahead.

Thank you, Operator. Welcome to Weibo's second quarter 2023 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 broadcasted on the Internet and is available through Weibo's IR website. Before the management remarks, I would like to read you a state-published statement in connection with today's conference 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. We will assume no obligation to update a 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 findings with the SEC. All the information provided in the press release is occurring as a date hereof. Weibo assumes no obligation to update such information except as required under applicable law. Additionally, I'd like to remind you that our discussion today includes certain non-GAAP measures which excludes 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 the future prospects. Our non-GAAP financials exclude certain expenses, gains or 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 results and outlook. Please refer to our press release for more information about our non-GAAP matters. The lady mentioned prepared remarks. We open the lines for a brief Q&A session. With this, I would like to turn the call over to our CEO, Gao Feiguang.

Hello, everyone. Welcome to the Weibo Q&A session.