OverActive Media Corp.

Good day, everyone, and welcome to Overactive Media's fourth quarter conference call. At this time, participants are in a listen-only mode. A question-and-answer session will follow management's remarks. This conference call is being recorded, and a replay of today's call will be available on the Investor Relations section of Overactive Media's website. It will remain posted there for the next 30 days. I will now hand the call over to Mr. Bhattacharya Pedram, Investor Relations for Overactive Media, for introductions and reading the Safe Harbor Statement. Please go ahead, sir.

Thank you, and good morning, everyone. Welcome to Overactive Media's fourth quarter 2024 earnings conference call. A copy of the company's earnings press release is available on investor relations section of our website at overactivemedia.com. With us on today's call are Adam Adamu, Chief Executive Officer, and Rakesh Shah, Chief Financial Officer. Today, we'll review the highlights and financial results for the fourth quarter and full year 2024 and recent developments. Unless otherwise specified, all amounts mentioned on today's call are in Canadian dollars. Before we begin, I will read our cautionary notes regarding forward-looking information. Certain information to be discussed during this call contains forward-looking statements within the meaning of applicable security laws, including, among others, statements concerning the company's 2025 objectives, the company's strategy to achieve those objectives, as well as statements with respect to management's beliefs, plans, estimates, and intentions, and similar statements concerning anticipated future events, results, circumstances, performance, or expectations that are not historical facts. Such forward-looking statements reflect management's current beliefs and are based on information currently available to management. and are subject to several significant risks and uncertainties that could cause actual results to differ materially from those anticipated. Also, our commentary today will include adjusted financial measures, which are non-GAAP measures. These should be considered a supplement, not a substitute for GAAP financial measures. Reconciliations between the two can be found in our MD&A, which is available on cedarplus.ca and our website. At this time, it is my pleasure to introduce Mr. Adam Adamu, Chief Executive Officer of Overactive Media. Adam, please go ahead.

Thank you, Bhavik. Good morning, everyone, and thank you for joining us. Q4 marked the close of a transformative year for Overactive Media. In 2024, we set out to build a more efficient, more diversified business, and we delivered. We completed two strategic acquisitions, entered new markets, launched new revenue streams, and I'm pleased to share that both acquisitions exceeded the high end of our expectations for revenue and adjusted EBITDA. We reported record Q4 revenue of $9.9 million, contributing to full-year revenue of $27 million, which increased by 72% year-over-year. For the full year, adjusted EBITDA improved by 42%, and we reduced our net loss by 9% and realized comprehensive net income of $311,000. Both acquisitions, Koi and Riders, were accretive immediately, and we're proud of the progress we've made and the success of the teams now part of the Overactive platform. But the story goes well beyond the numbers. The last 12 months were a year of scaling, capability, deepening our global presence, and delivering on the ambition we set for ourselves over the past few years. Let me highlight a few areas that defined our momentum. First, our live events business delivered globally. In November, we hosted our first Koi Con in Madrid, our first annual fan event. In January, we welcomed over 12,000 fans to CDL Major 1. In June, we're preparing to host the 2025 CDL Championship Weekend in Canada, a first for the League. And in just a few days, we'll make League of Legends history by hosting the first ever LEC Road Trip event in Madrid. welcoming 18,000 fans over two days in one of the most ambitious team-led league events ever staged. Second, we expanded into new high-growth markets. We launched our Free Fire team in Mexico, marking our official entry into Latin America, and announced our expansion into China with localized movie star Koi content, now live on platforms like Weibo and Bilibili. Third, our commercial momentum continued to build, We signed the first naming rights deal in LEC history with Telefonica, renewed major partnerships with AMD, Bell, Scuf Gaming, and added new partners in Monster Energy and Cupra. Fourth, we strengthened our position inside the leagues. We restructured our LEC franchise agreement, eliminated all future franchise obligations, and secured full ownership of our slot. These changes not only improved our balance sheet, that increased our strategic control over core competitive assets. Each of these achievements reflects our long-term strategy, deal with purpose, diversify revenue, and build a business that lasts. We're not just chasing growth. We're laying the foundation for a global, sustainable company in one of the most exciting industries in the world. As we look to 2025, our focus is clear. scalability through digital and high-margin verticals, growth and markets where our brands and teams already resonate, profitability through discipline, efficiency, and focused execution. We've laid the groundwork. Now it's about impact, delivering for our fans, our partners, and our shareholders. With that, I'll hand it over to Rakesh to walk you through the financials in more detail.