Weibo Corporation

Good day and thank you for standing by. Welcome to the Weibo report second quarter 2026 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, please press star 1 1 on your telephone. You will then hear an automated message advising your hand is raised. To withdraw your question, please press star 1 1 again. Please note that today's conference is being recorded. I would now like to have the conference over to your speaker, Sandra Zhang, IR. Please go ahead.

Thank you, operator. Welcome to Weibo's second quarter 2026 earnings conference call. During our chief executive officer, Gaofei Wang, and our chief financial officer, Fei Cao, this 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 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 would cause actual results to different materials than those containing any forward-looking statements. 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. Other information provided in this press release is occurring as of today hereafter. Weibo 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 or losses, and other items that are not expected from future cash payments or are not recurring in nature. who are not indicative of our core operating result and outlook. Please refer to our press release for more information about our long-term measures. Following management 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, Gaofei Wang. Thank you. Hello everyone. Welcome to Weibo's second quarter 2026 earnings conference call.

On today's call, I will share with you highlights on Weibo's product and monetization in the second quarter 2026. Wang Wei, Zenghui Cao, Wen Li, Fei Cao, Gaofei Wang On the user front, in June 2026,