Operator

Good day, and thank you for standing by. Welcome to the BuzzFeed Inc. First Quarter 2026 Earnings Conference Call.

I would now like to hand the conference over to your first speaker today, Juliana Clifton, VP of Communications. Please go ahead.

Juliana Clifton
Vice President of Communications & Chief of Staff

Hi, everyone. Welcome to BuzzFeed Inc.'s First Quarter 2026 Earnings Conference Call. I'm Juliana Clifton, VP of Communications for BuzzFeed. Joining me first today are CEO, Jonah Peretti; and CFO, Matt Omer.

Before we get started, I'd like to take this opportunity to remind you that our remarks today include forward-looking statements. Actual results may differ materially from those contemplated by these forward-looking statements. Factors that could cause these results to differ materially are set forth in today's press release, Form 10-Q filed with the SEC. Any forward-looking statements that we make on this call are based on assumptions as of today, and we undertake no obligation to update these statements as a result of new information or future events.

During this call, we present both GAAP and non-GAAP financial measures, including adjusted EBITDA and adjusted EBITDA margin. The use of non-GAAP financial measures allows us to measure the operational strength and performance of our business. We believe adjusted EBITDA and adjusted EBITDA margin are relevant and useful information for investors because they allow investors to view performance in a manner similar to the method used by our management. A reconciliation of these GAAP to non-GAAP measures is included in today's earnings press release. Please review -- refer to our Investor Relations website to find today's