Similarweb Ltd.

Greetings and welcome to the SimilarWeb first quarter fiscal year 2026 earnings call. At this time, all participants are in a listen-only mode. A question and answer session will follow the formal presentation. If anyone should require operator assistance, please press star zero on your telephone keypad. As a reminder, this conference is being recorded. It is now my pleasure to introduce Rami Meyerson, Vice President, Investor Relations. Please go ahead.

Thank you, operator. Welcome, everyone, to our first quarter 2026 earnings conference call. Joining me today are our CEO and co-founder or author, our Chief Financial Officer, Ran Vared, and Miles Zakowski, our Chief Business Officer. This morning, we released our results for the first quarter and published an investor presentation with a strategic overview of the business, as well as a summary presentation of first quarter results on our investor relations website at ir.similarweb.com. Certain statements made on the call today constitute forward-looking statements which reflect management's best judgment based on the currently available information. These statements involve risks and uncertainties that may cause actual results to differ from our expectations. Please refer to our earnings release and our most recent annual report filed on Form 20F for more information on the risk factors that could cause actual results to differ from our forward-looking statements. Additionally, certain non-GAAP financial measures will be discussed on the call today. Reconciliations, the most directly comparable GAAP financial measures, are available in the earnings release and the earnings presentation. We will begin with Orr and Ran's highlights of the quarter, and then we will open up the call to questions from sell-side analysts. With that, I'll turn the call over to Orr. Orr, please go ahead.

Thank you, Rami, and welcome everyone joining the call today. Just before I start reviewing Q1 results, I want to address the announcement we made this morning. Today is a symbolic date for me. Today is exactly five years since our IPO and running SimilarWeb as a public CEO. This is also my 19th year of service since I started working on SimilarWeb in June 2007. My promise to myself and to my wife was always that when I reach 20 years of service, I will realign my priorities and spend more time with my family. This moment is about to be reached as I enter my 20th year leading SimilarWeb next month. SimilarWeb has been my life work. I founded this company nearly 20 years ago and as I approached that milestone, I believe this is the right moment to begin identifying the leader who will take the company forward. The board and I are fully aligned on the timing and the process, and we have intentioned a search with a leading executive search firm. I will continue to serve as the CEO through the conclusion of the search and the transition period with my successor, with the leadership transition expected to be completed by mid-2027. I remain fully focused on the execution of our strategy for our shareholders, our customers, and our employees. We came out with a great Q1 result, and I have a very strong confidence for this year's performance. There's no change in our strategy, our operation, or our financial outlook.