Operator

Good afternoon, ladies and gentlemen, and thank you for joining us today. Welcome to The Arena Group's First Quarter 2026 Earnings Conference Call.

I would now like to turn the conference over to Morgan Fitzgerald, Investor Relations and Social Media. Ms. Fitzgerald, you may begin.

Morgan Fitzgerald
Public Relations Associate, Investor Relations & Social Media

Thank you. Hosting the call today are Paul Edmondson, Chief Executive Officer; and Geoffrey Wait, Principal Financial Officer. Before we begin, I'd like to note that some of the comments made during this call may include forward-looking statements. All statements other than statements of historical fact are statements that could be deemed forward-looking statements. Forward-looking statements relate to the future events or future performance and include, without limitation, statements concerning the company's business strategy, future revenues and income from continuing operations, anticipated yield growth and monetization improvements, cost reductions, debt refinancing efforts, market growth, capital requirements, product introductions, expansion plans and our stock price relative to our peers and our share repurchase program as disclosed in our annual report on Form 10-K for the year ended December 31, 2025, filed with the SEC on March 16, 2026, the 2025 10-K and in our other SEC filings and publicly available documents.

The company cautions investors that any forward-looking statements made in this call or that the company may make orally or in writing from time to time are based on the beliefs of, assumptions made by and information currently available to