OverActive Media Corp.

Good day, everyone, and welcome to Overactive Media's second quarter 2026 conference call. At this time, participants are in listen-only mode. This conference call has been 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 Kelly Haley, Senior Director of Global Operations at Overactive Media Corp., for introductions and questionnaire notes. Please go ahead.

Thanks, Mark, and good morning, everyone. Welcome to Overactive Media's second quarter 2026 earnings conference call. A copy of the company's earnings press release, unaudited, condensed, consolidated, interim financial statements, and management's discussion and analysis for the three and six months ended June 30th, 2026, are available on the investor relations section of our website at overactivemedia.com, and under the company's profile on Cedar Plus at cedarplus.ca. With us on today's call are Adam Adamou, Chief Executive Officer, and Louis Zhang, Chief Financial Officer. Today, we will review the highlights in financial results for the second quarter of 2026 and recent developments, unless otherwise specified, all amounts mentioned on today's call are in Canadian dollars. Before we begin, I'll read our cautionary note regarding forward-looking information. Certain information to be discussed on this call contains forward-looking statements within the meaning of applicable securities laws, including, among others, statements concerning the company's 2026 objectives, the company's strategy to achieve those objectives, and the company's ability to secure additional financing and continue as a going concern, 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 a number of significant risks and uncertainties that could cause actual results to differ materially from those anticipated. For description of these risks, please refer to the company's public disclosure statements filed under its profile at CEDARplus.ca. Our commentary today will also include adjusted financial measures, which are non-IFRS measures. These should be considered a supplement, not a substitute, for IRFS financial measures. Reconciliations between the two can be found in our management's discussion and analysis and our earnings press release, both of which are available on CEDARplus and our website. At this time, it's my pleasure to introduce Adam Adamou, Chief Executive Officer of Overactive Media. Adam, please go ahead.

Thanks, Kelly, and good morning, everyone. It's good to be on the call with you today. I'll get straight to it. Revenue was down in the quarter, mostly the result of several non-recurring items that hit in 2025. Last year's second quarter included two of the biggest live events in our history, LEC on the Road in Madrid and Call of Duty League Championship Weekend in Kitchener. Neither repeats this year. Our exit from the Valorant Champions Tour Emilia League in the fourth quarter of 2025 also affected league revenues, though lower team operating expenses cushioned some of that impact. Operating expenses were down 17% in the quarter and 10% for the first half. Gross margin for the first half moved up to 52% from 50%. Net loss for the six months improved 16% year over year. The cost side of the business is doing what we planned. What I like most is how we got here. The revenue decline is a comparison story. Drip out the two non-repeating events in the VCT exit and the underlying business held up. Our cost base is leaner and our margin is up for the half. That's how we said we'd run the company in 2026. On the commercial side, our partners are showing up. Movistar Koi is seeing year-over-year growth in partnership revenue, while Toronto Koi signed a new partnership with Video Game Live Expo for an October event. Our higher margin commercial businesses grew in the quarter, and the pipeline heading into the back half is stronger than it was a year ago. Live events stayed a strength for us. Movistar COI brought around 12,000 fans to our spring road trip in Madrid. We keep filling arenas and the margin shows we're doing it more efficiently each time. In competition, our teams kept us on the big stages. Toronto COI took a third at Call of Duty League Majors III and finished in the top six at Call of Duty League Major IV. Both brands also competed at the Esports World Cup after quarter end. To our players and coaching staff, thank you for the way you represent these brands. We also brought in new capital this quarter, with directors and shareholders backing the company through secured financing. Closing out our financing plan and turning our partnership leads into signed deals are our priorities for the second half. Now I'll turn the call over to Louis, our CFO, to walk through the financial results in more detail.