Weibo Corporation

Good day and thank you for standing by. Welcome to the Weibo Report's fourth quarter and fiscal year 2025 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 will need to press star 1 and 1 on your telephone. You will then hear an automated message advising your hand is raised. To withdraw your question, please press star 1 and 1 again. Please be advised that today's conference is being recorded. I would now like to hand the conference over to your speaker today, Sandra Zhang, IR representative. Please go ahead.

Thank you, operator. Welcome to Labour's fourth quarter and fiscal year 2025 earnings conference call. Joining me today, our Chief Executive Officer, Gao Fei Wang. and our Chief Financial Officer, Fei Cao. The conference call is also being broadcasted on the internet and is available with our website. Before the management remarks, I would like to read you the safe harbor 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 involving heavy risks and uncertainties, A number of is called actual results to differ materially from those contained in any follow-up statement. The label assumes no obligation to update a follow-up statement in this conference call and elsewhere. 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 the day hero. 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 is for 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 excludes certain expenses, gains or losses, or 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 management 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 Fei Wang.

Thank you.