Warner Bros. Discovery, Inc.

Thank you.

Ladies and gentlemen, welcome to the Warner Brothers Discovery second quarter 2025 earnings conference call. At this time, all participant lines are in a listen only mode. After the speaker's presentation, there will be a question and answer session. Additionally, please be advised that today's conference call is being recorded. I would now like to hand the conference over to Mr. Andrew Slaben, Executive Vice President, Global Investor Strategy. You may now begin.

Good morning, and thank you for joining us for Warner Brothers Discovery's Q2 Earnings Call. Joining me today is David Zasloff, President and Chief Executive Officer, Gunnar Wiedenfels, Chief Financial Officer, and J.B. Barrett, CEO and President, Global Streaming and Games. Today's presentation will include forward-looking statements that we made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. The forward-looking statements may include comments regarding the company's future business plans, prospects, and financial performance, and involve risks and uncertainties that could cause actual results to differ materially from our expectations. For additional information on factors that could affect these expectations, Please see the company's filings with the U.S. Securities and Exchange Commission, including but not limited to the company's most recent annual report on Form 10-K and its reports on Form 10-Q and Form 8-K. In addition, we will discuss non-GAAP financial measures on this call. Reconciliations of these non-GAAP financial measures to the closest can be found in our earnings release and in our trending schedules, which can be found in the investor relations section of our website. And with that, I'm pleased to turn the call over to David.