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8/8/2024
Thank you for standing by. My name is John, and I'll be your conference operator for today. At this time, I would like to welcome everyone to the WebToon Entertainment second quarter 2024 earnings call. All lines have been placed in mute to prevent any background noise. After the speaker's remarks, there will be a question and answer session. If you would like to ask a question during this time, simply press star followed by the number one on your telephone keypad. If you would like to withdraw your question, press star one again. Thank you. I would now like to turn the call over to Lauren Hopkinson. Director of Investor Relations. Ms. Hopkinson, please go ahead.
Good afternoon, and thank you for joining us. As a reminder, our remarks today will include forward-looking statements, including those regarding our future plans, objectives, expected performance, and in particular, our guidance for the next quarter. Actual results may vary materially from today's statements. Information concerning risk uncertainties, and other factors that could cause these results to differ is included in our SEC filings, including those stated in the risk factors section of our filings within the SEC. These forward-looking statements represent our outlook only as of the date of this call. We undertake no obligation to revise or update any forward-looking statements. Additionally, the matters we will discuss today will include both GAAP and non-GAAP financial measures. Reconciliations of any non-GAAP financial measures to the most directly comparable GAAP measures are set forth in our earnings press release. Non-GAAP financial measures should be considered in addition to, not as a substitute for, GAAP measures. Joining me on the call today are Jungu Kim, founder and CEO David Lee, CFO and COO, and Yongsoo Kim, Chief Strategy Officer. With that, I will now turn the call over to our founder and CEO, Jongsoo Kim.
Thank you, everyone, for joining us today. I have outlined my full thoughts on the core and our strategic path for the shareholder ladder, which you can access on our investor relations website. While I urge you to read it in its entirety, let me make a few brief comments before turning the call over to David to cover our performance and outlook in more detail. In June, we fulfilled our long-time ambition to bring Western to the public market After nearly two decades of innovation, building and expanding our global flywheel while nurturing and growing our creative ecosystem and their loyal global vendor, we are thrilled to continue to build this business alongside our new investor community. Our strategy is working. And I'm pleased that we continue to deliver robust performance in the second quarter, demonstrating the strength of our value proposition and the power of our global flyway. I want to thank our creators who have shared their stories on Webtoon. Because of you, we are a leading global entertainment company. and home to some of the largest storytelling platform in the world. And a special thank you to our employees for their hard work and dedication to our company and our mission as we embark on this journey as a public company. Before I conclude my remark, I want to share some detail around two important executive appointments. Yongsoo Kim, Currently, Chief Strategy Officer will expand his role to include head of global weapons. In this new role, he will oversee the global weapon platform, including Southeast Asia, Europe, and the U.S., and he will report directly to me. This change arrived with our strategy focus to continue to grow our business outside of Korea and Japan. Further, Hyunam Kim, formerly the head of River for Webtoon, will take on a new role as chief risk management officer responsible for managing the company's risk management operation, reporting to David Lee, our CEO and CFO. Congratulations to both Yongsu and QNAM on this new and expanded role. With that, I will now turn the call over to David. David, please go ahead.
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