WEBTOON Entertainment Inc.

Simply press star followed by the number one on your telephone keypad. To enjoy your question, simply press star one again. I would now like to turn the call over to Suwon Kim, Vice President of Investor Relations. Mr. Kim, please go ahead.

Good afternoon and thank you for joining us. As a reminder, our remarks today will include four looking statements, including those regarding our future plans, objectives, and expected performance in our guidance for the next quarter. Actual results may vary materially from today's statements. Information concerning risks, uncertainty, and other factors that could cause these results to differ is included in our SEC filings, including those data and risk factors section of our filings with the SEC. These forward-looking statements represent our outlook only as of date of this call. We undertake no obligation to revise or update any forward-looking statements. Additionally, the matters we'll discuss today include both GAAP and non-GAAP financial measures. Reconciliation 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 and not a substitute for GAAP measures. Joining me today on the call are Jun-Boo Kim, founder and CEO, David Lee, CFO and COO, and Yong-Soo Kim, Chief Strategy Officer. With that, I will now turn the call over to our founder and CEO, Jun-Woo Kim.

Thank you, everyone, for joining us today. I will make a few brief comments on our performance, and then David will provide more details on our results and outlook. For my full thoughts on the year, please refer to the shared letters posted on our investor relations website. We reported through the year 2025 results with revenue growth of 3.9% on a constant current basis and adjusted EBITDA of over 19 million. We are pleased to see MPU growth turn positive in the fourth quarter, driven by growth in Korea and in rest of world. we made significant progress advancing our personalization tools throughout the year. As we have become more proficient with AI, we are now making increasingly personalized content recommendations that are unique to our users. In Korea, where we have seen the most progress, we also increased content diversity at the same time. We are seeing MPU growth as users read more titles and episodes as they get more relevant recommendations. We believe that we can take this learning from Korea and apply them to other regions. We are excited that following the end of Q4 on January 8, 2026, the World Disney Company and Webtoon Entertainment announced that we have completed the previous announced strategy agreement, including both the development of an all-new digital comics platform, as well as Disney's approximately 2% equity investment in Webtoon Entertainment. We are targeting our 2026 launch for this new platform. We have already launched a total of 12 reformat titles on Weapon's mobile vertical scroll format following the initial collaboration announcement with Disney in August 2025. These have included stories from Amazing Spider-Man, Star Wars, and Avengers, and we look forward to introducing an original series later this year. This is a powerful next step for our growing global business, and a strong foundation for even greater collaboration with Disney in the year ahead. Finally, we continue to advance our flywheel with IP adaptations, which further keep users engaged with our platform. And I would like to highlight just a few examples here. Animation continues to be a major initiative for us, and we are excited to announce that Amazon MGM Studio Greenlight Rural Olympus to be developed into a new animated series from Latune Production and Jim Hansen Company. In Japan, anime is a particular focus, and I'm happy to announce that we reached our target of 20 new anime projects in 2025. We are excited to have launched another anime series on Crunchyroll, with Takuman The Blue Alta this January. We are also seeing success with live action as Netflix announced that Viral Heat will be adapted into a Japanese live action series following the success of our anime adaptation in 2024. Overall, we believe these financial and operational results demonstrate that our flywheel and strategy are working. Our ecosystem of content creators and users continues to drive the success of our business. That said, we acknowledge that we have an opportunity to accelerate our flywheel and realize our growth potential faster. We remain laser-focused on deepening engagement across our platform to foster a stronger, more vibrant fandom and look forward to sharing more about our plans in the quarters ahead. With that, I will now turn the call over to David. David, please go ahead.