Sphere Entertainment Co.

Good morning and thank you for standing by. Welcome to the Sphere Entertainment Co. first quarter 2026 earnings conference call. At this time, all participants are in a listen only mode. After the speaker's remarks, there will be a question and answer session. I would now like to turn the call over to Ari Daines, investor relations. Please go ahead.

Thank you. Good morning and welcome to Sphere Entertainment's first quarter 2026 earnings conference call. Today's call will begin with our executive chairman and CEO, Jim Dolan, who will provide an update on our business. Robert Langer, our executive vice president, chief financial officer and treasurer, will then review our financial results for the period. After our prepared remarks, we will open up the call for questions. If you do not have a copy of today's earnings release, it is available in the investor section of our corporate website. Please take note of the following. Today's discussion may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Any such forward-looking statements are not guarantees of future performance or results and involve risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. Please refer to the company's filings with the SEC for a discussion of risks and uncertainties. The company disclaims any obligation to update any forward-looking statements that may be discussed during this call. On pages 4 and 5 of today's earnings release, we provide consolidated statements of operations and a reconciliation of operating income to adjusted operating income, or AOI, a non-GAAP financial measure. And with that, I'll now turn the call over to Jim.

Thank you, Ari, and good morning, everyone. Today's financial results demonstrate our continued success moving out spheres business model. We remain focused on maximizing the model's full potential in Las Vegas while executing on our long-term vision for a global network of sphere venues. In Abu Dhabi, the project has been minimally impacted to date by the conflict in the wider region. The Department of Culture and Tourism has selected the venue site, which will be announced at the appropriate time. In addition, Early stage procurement work with contractors and vendors is now taking place. We look forward to the groundbreaking in Abu Dhabi. In January, we announced that we will bring the second sphere in the U.S. to National Harbor. National Harbor welcomes over 15 million annual visitors and is just minutes from Washington, D.C. Financing discussions for this 6,000-seat sphere are progressing as planned. We are also finalizing the venue design which we coordinate with the Peterson Company on the site master plan and the pre-construction planning. In addition, we're working together with the state and the county on the various legislative approvals and incentives for the project. We continue to believe the venue could be open in four years or less. At the same time, we remain in discussion with a significant number of markets around the world regarding large and smaller scale spheres. and we're confident about the path towards global expansion. We continue to demonstrate PowerSphere's business model in Las Vegas to our potential expansion partners. Calendar 2026 marks our third full year of operation in the market with our business on track for substantial growth. This is led by the Wizard of Oz and Sphere, which continues to perform well. The production's results reinforce our confidence that the Wizard of Oz will remain a strong performer in 2026 and beyond. And at the same time, we are continuing to work on our next sphere experience from the edge, as well as developing other projects in our pipeline. That includes the progress we are making with IP holders for additional sphere experiences as we build out a diverse slate of content. We also continue to see increasing demand from artists and brands to utilize this new medium. This is evidenced by ongoing growth in the number of concerts and brand events, as well as an expanding roster of advertisers and sponsors. So in summary, we continue to successfully prove out the sphere business model in Las Vegas, which is now serving as a blueprint for our long term vision, a global network of sphere venues powered by our proprietary technology and immersive content. With that, I will turn the call over to Robert, who will take you through our financial results.