WEBTOON Entertainment Inc.

Thank you for standing by. My name is Jericho and I will be your conference operator today. At this time, I would like to welcome everyone to the Webtoon Entertainment first quarter 2026 earnings call. All lines has been placed on 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, please press star one to raise your hand. To withdraw your question, press star one again. I will now hand the conference over to Suwon Kim, Vice President of Investor Relations. Mr. Kim, please go ahead.

Good afternoon. Thank you for joining us. As a reminder, our remarks today will include four looking statements, including those regarding our future plans, objectives, expected performance, and our guidance for the next quarter. Actual results may vary materially from state statements. Information concerning risks, 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 with 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'll discuss today will 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 as a substitute for GAAP measures. Joining me to be on the call are Jungu Kim, founder and CEO, David Lee, CFO, and Yongsoo Kim, President. With that, I'll now turn the call over to our founder and CEO, Jungu Kim.

Thank you, everyone, for joining us today. I will begin by providing a brief overview of our performance and I encourage you to read the shareholder letter available on our investor relations website for a more detailed discussion on the quarter. Then David will go over the financials. I would like to begin by talking about a few areas we are investing in to support creators who are an important part of our global flyway. Amateur creators make up a large proportion of our creators, and contribute the vast majority of content on our platform. We have listened carefully to our amateur creators over the last years, and we are excited to introduce major changes to our Canvas platform. We are introducing a unified international platform to support global distribution across several languages. including English, Spanish, and French, which we believe will make it easier than ever for creators to share their story all over the world. We are also introducing an opt-in AI-powered translation program where creators have a choice to translate and distribute their series in other languages. As part of this update, We also expand our ad revenue share to all supported Canvas languages. Helping creators monetize their content on our platform remains an important part of our strategy, and we have a strong track record of driving this from 2021 to 2025. We paid out an impressive $2.7 billion to our creators. Looking ahead, we want to growth that some even more, and we will continue to invest to make our creator ecosystem more robust. Moving on to a quick update on our Disney collaborations. Since the end of the fourth quarter, we have launched another five titles, including Star Wars, Darth Maul, Black, White, and Red, Star Wars, The High Republic, Daredevil, Wings of Starlight, and Mickey and Formula One Racing Data. We look forward to introducing another original series later this year, and remain well positioned to launch the new digital comic platform before the end of this year. Moving on to IT adaptations, I just want to highlight a couple of recent successes. We celebrated Valentine's Day this year with the release of two of our WAPED web novels as film adaptations. Love Me, Love Me was released on Prime Video, where it reached global number one during its launch week, while Kissing is the Age part was released on Tubi. We are also excited to release a webcomic adaptation of Kissing is the Easy Part on Webtoon in the next few months, moving the title through our global ecosystem to unlock value for this fan-favorite webnote. Our Korean content continues to demonstrate its universal appeal beyond just our country of origin. In March, we co-hosted the world premiere of The Legend of Kitchen Soldier at Cities Mania, Europe's biggest TV festival. The series is scheduled to premiere in Korea in May 2026 with concurrent global streaming on Disney Plus and HBO Max in select regions. Before I conclude, I want to share a leadership update As we announced in March, we have elevated Yongsu Kim to lead our global operations. He has been a key member of our management team over the last few years with a demonstrated track record of driving innovation through disciplined leadership, and I believe Yongsu will play an key goal in accelerating the execution of our global business. We believe we are off to a solid start this year and look forward to driving further innovation throughout the rest of this year. With that, I will now turn the call over to David. David, please go ahead.