WildBrain Ltd.

Thank you for standing by. This is the conference operator. Welcome to Wildbrain's fiscal 2026 second quarter earnings conference call. As a reminder, all participants are in a listen only mode and the conference is being recorded. After the presentation, there will be an opportunity to ask questions. To join the question queue, you may press star then one on your telephone keypad. Should you need assistance during the conference, you may reach out to an operator by pressing star, then zero. I would now like to turn the conference over to Kathleen Prasad, VP of Investor Relations. Please go ahead.

Thank you, Appurator, and thank you, everyone, for joining us today for WildBrain's second quarter 2026 earnings call. Joining me today are Josh Sherba, our President and CEO, and Nick Garner, CFO. Before we begin, please note the matters discussed on this call include forward-looking statements under applicable securities laws, which reflect Wellbrain's current expectations of future events. Such statements are based on a number of factors and assumptions that management believes are reasonable at the time they are made and information currently available. However, many of these factors and assumptions are subject to risks and uncertainties beyond Wellbrain's control, which could cause actual results and events to differ materially, from those that are disclosed or implied by such forward-looking statements. Such risks and uncertainties include, but are not limited to, changes in general economic, business, and political conditions. Walgreens undertakes no obligation to update such forward-looking information, whether as a result of new information, future events, or otherwise, except as expressly required by applicable law. Please note that all currency numbers are in Canadian dollars unless otherwise stated. After our remarks, we will open the call for questions. I will now turn the call over to our President and CEO, Josh Sherba.

Thank you for joining us today. The second quarter of fiscal 2026 reflects a period of continued execution of WildGrain's flywheel strategy, while unlocking a transformational opportunity for the company. During the quarter, we continue to see strong performance for our own IP and WildGrain CPLG, our global licensing agency, as well as strong engagement on our digital platforms and positive reception for new premium content launches. During the quarter, we also announced the sale of our interest in peanuts for $630 million, which will eliminate our debt and leaves us with material cash proceeds to invest in our business. This represents a significant inflection point and opportunity for Wildbrain. As we move through this transition, our focus is on ensuring the business is positioned effectively for the go-forward operating structure with clear priorities around capital allocation, cost discipline, and long-term value creation. Before delving into greater detail on the path ahead for WildBrain, I'd like to take a few minutes to look back at another successful quarter. Our global licensing business continued to perform well in the second quarter, reflecting the enduring strength of our core brands and the depth of our global licensing platform. We saw continued momentum across Strawberry Shortcake and Teletubbies, supported by active partner engagement and expanding retail programs. MGA Entertainment recently launched its LOL Surprise Strawberry Shortcake Dolls, a collaboration that brings Strawberry Shortcake to a new generation of consumers. The collection sold out in just 12 days, underscoring the strength of the brand and its appeal to leading global toy partners and consumers. Strawberry Shortcake continues to benefit from rising engagement across digital and social platforms, which remains an important driver of licensing demand. Just last week, we announced a refreshed CG version of the classic Strawberry Shortcake with a vibrant slate of new original content launching across Wildbrain's digital network this year. This includes a hybrid live-action and animated baking show and other short-form animated episodes. Early fan response to the refreshed Strawberry Shortcake look has been encouraging, with fans on our socials expressing excitement for the new design and commenting they're eager to see more. This creative evolution underpins a broad content rollout, reaching today's fans where they're watching and strengthening the foundation for continued licensing and franchise growth. Strawberry Shortcake's growth is being led primarily by the U.S. market, which is creating a halo effect that is already seeing incremental opportunities across additional regions and categories. The playbook is clear. We are broadening and deepening the content roadmap, building on recent wins to reach new fans while continuing to engage and activate audiences we've already reached. This consistent and expanding content strategy keeps Strawberry Shortcake top of mind with consumers and reinforces confidence among existing licensing partners. It is also creating opportunities with new partners globally, with momentum building toward multiple territory launches over the coming 12 months. Teletubbies also delivered steady performance during the quarter, with particular strength in collectibles and lifestyle categories. We've previously highlighted our collaboration with Popmart, which continues to drive meaningful fan engagement and retail momentum, demonstrating the brand's ability to resonate with young adult consumers and expand into new high-value categories. Teletubbies and Casetify recently took home the award for gross vibrant energy IP at the China Licensing Expo, highlighting the cultural resonance and enduring affinity for Teletubbies that we will build on and grow over time. Engagement across YouTube and social platforms remained healthy, supporting our longer-term plans as we build toward the brand's 30th anniversary in 2027. YouTube watch time for the brand was up 11% year over year in the quarter, and we're developing new content in partnership with a major Chinese platform to further support growth in one of the largest licensing markets in the world. Across the portfolio, we continue to see broad-based interest from partners, Our focus remains on disciplined deal-making, category diversification, and nurturing long-term growth of our franchises. By building high-quality franchises that generate repeatable and growing profits over time, strong U.S. engagement provides a foundation for scaling these brands and unlocking additional growth opportunities internationally. WildBrain CPLG delivered a strong quarter, with growth in both owned and third-party brands and across all territories. CPLG remains a highly differentiated licensing platform, continuing to attract new partners while expanding existing relationships. During the quarter, we announced an expanded licensing partnership with Dr. Seuss Enterprises, broadening global programs for Cat in the Hat and How the Grinch Stole Christmas, reflecting sustained retailer demand for evergreen, multigenerational franchises. CPLG's global footprint and deep retail expertise continue to create tangible commercial opportunities for both our own and partner brands, underscoring a unique WildBrain advantage, the ability to translate creative momentum into scalable global retail programs. This momentum was further supported by the LOL Surprise collaboration for Strawberry Shortcake mentioned earlier, highlighting the strength of CPLG's ability to activate brands across high-impact categories and partners. Overall, the quarter highlights the strength of CPLG's infrastructure and its ability to convert brand momentum into meaningful commercial outcomes across regions and categories. Turning to content creation and audience engagement, our premium and digital offerings continue to resonate with audiences globally. Our content recently received six Children's and Family Emmy nominations, three Annie Award nominations, and five Kids Screen Award nominations. This reflects a deliberate evolution in our creative ambition from pre-production with House of Cool to premium feature filmmaking with Peanuts, as we continue to raise the bar on delivering what audiences want. In January, our live action young adult figure skating series, Finding Her Edge, launched on Netflix to massive success, rising quickly to the top 10 in 81 countries, including the US and Canada. The series performed strongly enough to be renewed for a second season within a week of its premiere. The renewal reflects positive audience engagement and reinforces our ability to develop premium, internationally relevant family content for global platforms. Another live action series, season two of Yo Gabba Gabba Land, premiered on Apple TV Plus in late January, featuring an expanded lineup of special guest stars and the signature music that defines the franchise. The new season builds on the brand's strong creative momentum and continued appeal with kids and families globally. The brand is also gaining momentum in the consumer products licensing space as we finalize a number of deals that we'll be announcing shortly. Our capabilities in premium content highlighted by the upcoming Peanuts feature positions us well for where we see the industry headed, be it for premium feature films or high-quality episodic storytelling. Across audience engagement, our digital network on YouTube, Fast, and social media continue to play an important role in maintaining brand visibility and supporting franchise momentum. This quarter was marked by strong engagement across platforms. The Teletubbies YouTube channel drew its highest ever quarterly watch time. Our overall fast viewership grew an impressive 46% in calendar year 2025 to 24 billion minutes. We also launched several new YouTube channels, including a Peanuts relaunch. These platforms remain central to how kids and families discover content today. While monetization across parts of the digital ecosystem continues to evolve, we are well positioned to capture long-term value supported by a strengthened commercial engine, upgraded technology and tools, and expanded capabilities across YouTube fast and media solutions. On the advertising side, we continue to see opportunity as dollars shift from linear kids networks to digital. Wildbrain is one of the few scaled brand safe options for advertisers who need to reach kids and families. Our direct sales team is packaging inventory across YouTube and fast in a Copa compliant way that programmatic can't replicate. We believe we're well positioned to capture demand that has limited places to go. With our premium content, scale distribution footprint, and deep compliance expertise, we see meaningful runway to grow this business over time for years to come. Looking at the path ahead now, the sale of our 41% interest in peanuts fundamentally reshapes Wildbrain's financial profile, eliminating all of our debt and significantly improving our balance sheet flexibility. At the same time, it changes the scale and composition of our earnings base as we move toward a more focused and streamlined operating structure. Importantly, we retain a long-term relationship with Peanuts and Sony through exclusive service agreements across content production, global content sales, and licensing in EMEA and APAC. With a strong balance sheet and a clear strategic focus, Wildbrain is repositioned to make the investments and strategic actions needed to unlock the significant profit potential across its portfolio as we transition toward a business increasingly weighted to wholly owned franchises and digital platforms. Let me talk about why we're so confident in the path ahead. WildBrain has a unique set of assets, globally recognized brands, a scaled digital platform, deep licensing expertise, and a proven content engine. And just as importantly, a brand building playbook that we know works. We demonstrated that playbook with Peanuts, increasing the brand's value through discipline stewardship, global monetization, and thoughtful capital allocation. Now, we are continuing to apply those same capabilities to a portfolio that is increasingly weighted toward wholly-owned, well-brained IP. Historically, our capital allocation priorities were shaped by debt service costs. Going forward, that changes. With a debt-free balance sheet, our focus shifts toward reinvesting in growth, activating wholly-owned franchises, expanding licensing and digital monetization, and modernizing our infrastructure and systems. These investments will allow us to operate more efficiently, make better data-driven decisions, and ultimately drive higher performance across the organization at a lower cost. At the same time, we remain disciplined, reducing costs where appropriate, improving operating leverage, and returning capital to shareholders when appropriate, including through stock buybacks. Taken together, this positions Wild Brain as a more focused, more flexible, and more scalable business one that is well equipped to create long-term value for shareholders. With that, I'll turn it over to Nick to walk through the financial results for the quarter and provide an update on our outlook for fiscal 2026.