Wix.com Ltd.

Good day, and thank you for standing by. Welcome to the WIC's fourth quarter 2025 earnings conference call. At this time, all participants are in listen-only mode. After the speaker's presentation, there will be a question and answer session. To ask a question during the session, you will need to press star 11 on your telephone. You will then hear an automated message advising your hand is raised. To withdraw your question, please press star 11 again. Please be advised that today's conference is being recorded. I would now like to hand the conference over to your speaker today, Emily Liu, Investor Relations. Please go ahead.

Thanks, and good morning, everyone. Welcome to WIX's fourth quarter and full year 2025 earnings call. Joining me today to discuss the results are Avishai Abrahami, CEO and co-founder, Mir Zohar, President and co-founder, and Mir Shemesh, our CFO. During this call, we may make forward-looking statements, and these statements are based on current expectations and assumptions. Please consider the risk factors included in our press release and most recent Form 20F that could cause our actual results to differ materially from these forward-looking statements. We do not undertake any obligation to update these forward-looking statements. In addition, we will comment on non-GAAP financial results and key operating metrics. You can find all reconciliations between our GAAP and non-GAAP results in the earnings materials and in our interactive analyst center on the investor relations section of our website, investors.wix.com. With that, I'll turn the call over to Abhishek.

Thanks, Emily. 2026 is shaping up to be a defining year and the start of a new chapter shape, not just by the continued shift toward AI, but by AI. beginning to prove its real-world value and utility more broadly. At Wix, we expect to begin to see the bold bets we've made over the past few years translate into measurable impact. When we founded Wix 20 years ago, our vision was straightforward. Make Wix the go-to platform for anyone, anywhere to create online. Over the years, we've delivered on that ambition. What started as a simple do-it-yourself website builder has grown exponentially. into the leading online presence creation platform serving not just self-creators, but also businesses of all sizes, as well as professional designers and developers. In recent years, the web has undoubtedly become much more AI-first, and that shift is redefining how and what people build online. AI has dramatically expanded the world of what's possible and created new dimensions that hadn't existed before. As a result, Wix's market opportunity today is exponentially larger than that of 2006 or even 2025, primarily driven by our expansion into the application space facilitated by our acquisition of Base44. This total addressable market expansion has advanced us leaps and bounds towards achieving that long-term vision of being the go-to place for anyone to build whatever they can imagine online. With the addition of Base44 to our platform, users can now build tailored software applications, smart mobile applications, pro-level visual content, and of course, websites, but so much more powerful and sophisticated than ever before. These are all things you can create on Wix today, which is incredible, but the possibilities ahead are much, much bigger. Importantly, as our business and time have evolved over the past 20 years and will continue to evolve over the next 20, We remain focused on simplifying very complex technologies and making them accessible to anyone and everyone. Today, there are two new cornerstone offerings to advance our vision. The first is Wix Harmony. Wix Harmony is the first of its kind website creation platform that blends intuitive visual editing with the flexibility and power of vibe coding. Wix Harmony provides a unified AI layer that spans across the full Wix experience allowing for a real AI partner to be with you every step of the way as you create, manage, and grow an online presence or business. After launching in English in January, we are now expanding Wix Harmony globally in other languages. I'm very pleased with the early performance we're seeing, particularly across conversion and monetization metrics. We believe Wix Harmony has the potential to fundamentally reshape how individuals and small businesses build and scale online not just on wix but across the internet as it becomes increasingly ai driven over time we plan to gradually make harmony the default experience for new and existing users and evolution we anticipate will drive meaningful long-term impact across conversion engagement retention and monetization the second new pillar of our strategy is base44 our leading vibe coding platform that expands our reach into the vast world of software creation and significantly grows our TAM. We are equally ambitious in this new world as we are in the world of website creation. Through innovation and strong marketing execution, Base44's user base is scaling rapidly. Today, the number of new users joining Base44 is nearly two-thirds of the number of new users joining Wix. This is an indicator of the platform's accelerating momentum and highlights the opportunity ahead to empower a massive and compounding cohort of users to build whatever they want online. Just one year after Maur founded the company and nine months after our acquisition, Base44 recently reached approximately $100 million of ARR, placing it among the fastest growing software platforms in history. While Base44 is already emerging as a top platform to build lightweight personal projects, we're seeing adoption from a growing community of businesses and enterprise-sized organizations, too. Companies in the tech, banking, and healthcare industries, as well as government organizations and nonprofits, are using Base44 to build customized software solutions. We are seeing users develop their own CRM capabilities, product and project management tools, ERP systems, workflow automation frameworks, and financial reporting applications. Importantly, this momentum and growth is completely organic. With no sales team at base 44 today, self-propelled adoption by enterprise size organizations demonstrates the strength of the platform as well as our successful marketing execution. As much as we are pleased by the success so far, I believe the real potential still lies ahead as vibe coding permeates beyond early tech forward adopters to the broad online population. I haven't been this excited to kick off a new year in a long time. In just the first two months, we've made bold moves across both our product roadmap and capital strategy, which Nir will speak about shortly. We are confident in our strategy, our ability to execute and the opportunity in front of us as the internet shifts further towards AI, which is reshaping how people create in this AI era and significantly expanding what's possible to build online. With that, I'll turn it over to Nir.