Operator

Ladies and gentlemen, thank you for standing by, and welcome to JOYY Inc.'s First Quarter 2026 Earnings Call. [Operator Instructions]

I'd now like to hand the conference over to your host today, Jane Xie, the company's Senior Manager of Investor Relations. Please go ahead, Jane.

Tingzhen Xie
Investor Relations Senior Manager

Thank you, operator. Hello, everyone. Welcome to JOYY's First Quarter 2026 Earnings Conference Call. Joining us today are Ms. Ting Li, Chairperson and CEO of JOYY; and Mr. Alex Liu, the Vice President of Finance.

For today's call, management will first provide a review of the quarter, and then we will conduct a Q&A session. The financial results and webcast of this conference call are available at ir.joyy.com. A replay of this call will also be available on our website in a few hours.

Before we continue, I would like to remind you that we may make forward-looking statements, including, but not only limited to the future development of our products and businesses, the expected future financial performance of the company, our share repurchases and other future events, which are inherently subject to risks and uncertainties that may cause actual results to differ from our current expectations. For detailed discussions of these uncertainties please refer to our latest annual report on Form 20-F and other documents filed with the SEC.

We will also discuss certain non-GAAP financial measures. They are