Operator

Thank you for standing by, and welcome to Snail, Inc. First Quarter 2026 Earnings Conference Call and Webcast.

I would like to now turn the call over to Steven Shinmachi with Investor Relations. Please go ahead.

Steven Shinmachi

Thank you, and good afternoon, everyone. Welcome to Snail, Inc.'s First Quarter 2026 Earnings Conference Call and Webcast. Joining us for today's call are Snail, Inc.'s Chief Executive Officer, Hai Shi; Chief Financial Officer, Heidy Chow; and Senior Vice President, Director of Business Development and Operations, Peter Kang.

The company's first quarter 2026 earnings press release was filed earlier today and is available on the Investor Relations section of Snail, Inc.'s website at www.snail.com or the SEC's website at www.sec.gov/edgar.

During this call, management may make forward-looking statements regarding future events and the future financial performance of the company. Actual events or results may differ materially from our expectations, and forward-looking statements are subject to certain risks and uncertainties. Please refer to the company's Form 10-Q that has been filed with the SEC and other SEC filings.

The company makes these forward-looking statements as of today and disclaims any duty or obligation to update them or to release publicly any updates or revisions to any forward-looking statements to reflect any change in its expectations or any change in its events, conditions or circumstances on which any such statement is based.

Additionally, on today's call, we refer to bookings and EBITDA, which are non-GAAP