Weibo Corporation

Good day and thank you for standing by. Welcome to Weibo reports fourth quarter and fiscal year 2023 financial results conference call. At this time, all participants are in a listen-only mode. After the speaker's presentation, there will be a question and answer session. To ask a question during the session, you need to press star 11 on your telephone. You then hear an automated message advising your hand is raised. Please be advised that today's conference is being recorded. I would now like to turn the call over to the first speaker today, Ms. Sandra Chang from Wave4 Corporation. Thank you. Please go ahead.

Thank you, Operator. Welcome to Wave4's fourth quarter and full year 2023 earnings conference call. Joining me today, our Chief Executive Officer, Kangfei Wang, and our Chief Financial Officer, Faith Hong. The conference call is also being broadcasted on the internet and is available through Wave4's IR website. Before the management remarks, I would like to review the Safe Harbor 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. Weibo assumes no obligation to update the following statement in this article and elsewhere. Further information regarding this and other risks is included in Weibo's annual report on Form 20-X and other filings with the SEC. All the information provided in this press release is occurring as of the date here. Weibo assumes no obligation to update such information. except as required and 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 results, performance, and 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 non-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 measures. Following 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 Fei Wang.

Thank you. Hello, everyone.