Operator

Good morning, and welcome to the Travelzoo's First Quarter 2026 Earnings Call. Today's conference is being recorded. [Operator Instructions]

The company would like to remind you that all statements made today during this conference call and presented in the slides that are not statements of historical facts constitute forward-looking statements and are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Actual results could differ -- could vary materially from those contained in the forward-looking statements. Factors that could cause actual results to differ materially from those in the forward-looking statements are described in the company's Form 10-K and 10-Q and other SEC filings. Unless required by law, the company undertakes no obligation to update publicly any forward-looking statements, whether as a result of new information, future events or otherwise.

Please refer to the company's website for important information, including the company's earnings press release issued earlier today. An archived recording of this conference call will be made available on the company's Investor Relations website at travelzoo.com/ir.

Now it is my pleasure to turn over to Travelzoo's Global CEO, Holger Bartel; its Chair, Chief Membership Officer and General Counsel; and CEO of Jack's Flight Club, Christina Ciocca; and its Financial Controller, North America, Jeff Hoffman.

Jeff will start with an overview. Jeff, you may begin.

Jeff Hoffman
Controller

Thank you, operator, and welcome