Operator

Good afternoon, ladies and gentlemen, and welcome to the East Side Games Group Q1 2026 Earnings Call. [Operator Instructions] This call is being recorded on Thursday, May 14, 2026. And I would now like to turn the conference over to Mr. Jason Bailey. Thank you. Please go ahead.

Jason Bailey
Executive Chair & CEO

Thank you. Welcome, everybody, to the East Side Games Group Q1 2026 Earnings Call. I'm Jason Bailey, Board Chair and CEO of East Side Games Group. Today, we will share highlights from the first quarter ended March 31, 2026. And I'd like to remind you that certain statements made on this call are forward-looking within the meaning of applicable securities laws. This call includes references to non-GAAP measures, and please refer to our fourth quarter press release -- our first quarter press release and MD&A for cautionary statements relating to forward-looking information and reconciliations of non-GAAP measures to GAAP results. References to all figures are in Canadian dollars on an IFRS basis, unless otherwise noted. Additional materials can be found in the Investors section of our website at www.eastsidegamesgroup.com under the Financial Information section.

Q1 2026 was focused on improving adjusted EBITDA and maintaining disciplined cash management across the business. During the quarter, we significantly reduced user acquisition spend as part of a broader strategy to prioritize efficiency and preserve cash. We are now targeting a 30-day return on ad spend, which allows us to focus on acquiring the most profitable player cohorts while improving overall capital efficiency. At the same time, we will remain very focused on