Good afternoon, and welcome to AppLovin Corporation's 2026 Annual Meeting of Stockholders. Please note that this event is being webcast. I would now like to introduce Victoria Valenzuela, the company's Chief Administrative and Legal Officer and Corporate Secretary, who will lead the formal business of the meeting and also act as secretary. Ms. Valenzuela, please go ahead. Welcome, and thank you for joining our 2026 Annual Meeting of Stockholders. Upon entering the meeting, each of you were presented with the rules and conduct of the meeting. To conduct an orderly meeting, we require participants to abide by these rules. We'll have a question and answer session at the end of the meeting following the formal business session. Please submit your question via the live audio webcast by typing in the Ask a Question box on the annual meeting website. I'd also like to introduce Adam Foroughi, our Chief Executive Officer and a member of our Board of Directors, Matt Stumpf, our Chief Financial Officer, and David Hsiao, our Head of Investor Relations. We are also joined this morning by the following members of the AppLovin Board of Directors, Craig Billings, Herald Chen, Margaret Georgiadis, Barbara Messing, Todd Morgenfeld, Eduardo Vivas, and Maynard Webb. In addition, we have with us Justin Yahr of Deloitte & Touche LLP, our independent registered public accounting firm. We have appointed Terence Hassett to act as the Inspector of Election today. He has executed an oath of office to carry out his duties with strict impartiality and to the best of his ability, and he will examine and tabulate the proxies and ballots at this meeting. With introductions concluded, we'll move on to other procedural matters. During the formal business portion of today's meeting, we will address the matters described in our 2026 proxy statement and vote on the proxy proposals. We will then announce preliminary voting results and adjourn the formal portion of this meeting. Note that the meeting is being recorded, and a webcast replay will be available on the same meeting website following today's meeting. Our board of directors has fixed April 13th, 2026, as the record date for determining the stockholders entitled to vote at this meeting. I have an affidavit of distribution from Broadridge Financial Solutions confirming the proxy materials related to this meeting were mailed to stockholders of record as determined as of the close of business on the record date, starting on April 21st, 2026. Mr. Hassett reports that the holders of a majority of the voting power of our outstanding capital stock as of the record date are present at the meeting, either virtually or by proxy, which constitutes a quorum. The polls are now open. If any stockholder has not yet voted or wish to change their vote, please click on the voting button in the web portal and follow the instructions. If you have already sent in a proxy or voted via telephone or internet and do not wish to change your vote, no further action is needed. There are five proposals to be considered and voted upon by our stockholders. Each of these proposals is more fully described in our proxy statement filed with the Securities and Exchange Commission on April 21st, 2026. The first item of business is to consider and vote upon a proposal one is to elect nine directors to AppLovin's board of directors, as listed in the proxy statement, to serve until our 2027 annual meeting of stockholders and until their successors are duly elected and qualified. No other director nominees have been properly submitted pursuant to our bylaws or the rules of the Securities and Exchange Commission, so no other nominations are being considered. Our board of directors recommends a vote for each of these director nominees. The second item of business is to consider and vote upon proposal 2, to ratify the appointment of Deloitte & Touche LLP as our independent registered public accounting firm for our fiscal year ending December 31st, 2026. Our board of directors recommends a vote for the ratification of the appointment of Deloitte & Touche LLP as our independent public accounting firm for that same fiscal year ending December 31st, 2026. The third proposal is to approve on an advisory basis the compensation of our named executive officers. Our board of directors recommends a vote for the advisory approval of the compensation of our named executive officers and the adoption of the resolution as stated in our proxy statement. The fourth proposal is to approve an amendment to our amended and restated certificate of incorporation to provide for officer exculpation as permitted by Delaware law. Our board of directors recommends a vote for the proposed amendment and the adoption of the resolution as stated in our proxy statement. The fifth proposal is a stockholder proposal regarding disclosure of voting results by class of shares. The proposal was submitted by the Connecticut Retirement Plans and Trust Funds. We will now play a message from Jessica Weaver on their behalf to present their proposal. Good morning. I'm Jessica Weaver, representing the Connecticut Retirement Plans and Trust Funds, and I'm here to formally move proposal number five. The proposal requests that AppLovin disclose voting results by share class, specifically separating results for shares with one vote and those with multiple votes, beginning with the 2027 annual meeting. This is a straightforward transparency request. As investors know, AppLovin has a multi-class capital structure. Class A shares carry one vote, Class B shares carry 20 votes, and Class C shares carry no voting rights. Yet today, when the company reports voting results, it aggregates all votes together, masking how each class of shareholders actually voted. This matters. Because of the company's structure, a relatively small group of Class B shareholders controls a majority of the voting power. The company itself acknowledges in its 10-K that this concentration limits the ability of other shareholders to influence key decisions, ranging from director elections to major corporate transactions. In that context, aggregated vote reporting obscures an important question. Are outcomes aligned with the preferences of the broader shareholder base, or are they driven primarily by high-vote insiders? Our proposal simply asks the company to provide that visibility. Disclosing vote results by share class would allow investors, particularly Class A shareholders, to better understand how the majority of independent capital is voting on important issues. It would also provide insight into whether there is a divergence between economic ownership and voting control. Importantly, this is not a novel or burdensome request. A number of U.S. companies with multi-class share structures already provide this level of disclosure as a matter of governance best practice. The company already has the underlying data needed to produce this breakdown. This proposal does not change the company's capital structure. It does not affect control. It simply enhances transparency. Better disclosure leads to better accountability and ultimately better governance. For these reasons, we urge shareholders to vote for this proposal. Our board of directors recommends a vote against this stockholder proposal for the reasons set forth in our proxy statement. We will leave the polls open for a few more moments to allow anyone who chooses to vote electronically to cast their votes. The polls are now closed. No additional ballots, proxies, or votes, and no changes or revocations will be accepted. Based on preliminary voting results, our stockholders have, one, elected nine nominees for director, as listed in the proxy statement, to serve as directors until our 2027 annual meeting of stockholders and until their successors are duly elected and qualified. Two, ratified the appointment of Deloitte & Touche as our independent registered public accounting firm for our fiscal year ending December 31st, 2026. Three, approved on an advisory basis the compensation of our named executive officers. Four, approved the amendment of our amended and restated certificate of incorporation to allow for officer exculpation as permitted by Delaware law. Finally, they have not approved the stockholder proposal regarding disclosure of voting results by Class. The final voting results will be set forth in a report of the Inspector of Election and will be included in the minutes of this meeting. We will also report the final voting results on a Form 8-K, which we will file with the Securities and Exchange Commission within four business days of today's date. This concludes our planned agenda today. As there is no other formal business before us, I now declare the formal business portion of the meeting adjourned. We will now answer stockholder questions received through the web portal. Before we begin, I would like to note that our responses to stockholder questions today may include forward-looking statements. This includes statements relating to the performance of our business, our strategy, long-term growth, and overall future prospects. These statements are subject to known and unknown risks and uncertainties that could cause actual results to differ materially from those projected or implied during this meeting. In particular, those described in our risk factors included in our Form 10-Q for the first quarter of 2026 that was filed with the SEC. You should not rely on our forward-looking statements as predictions of future events. All forward-looking statements that we make at this meeting are based on assumptions and beliefs as of the date hereof. AppLovin disclaims any obligation to update any forward-looking statements, except as required by law. Our responses may include discussion of certain non-GAAP financial measures. Reconciliations to the most directly comparable GAAP financial measures are provided in our earnings release for prior quarters and other filings with the SEC, all of which are available on our investor relations website. These non-GAAP measures are not intended to be a substitute for our GAAP results. I'll now turn it over to David Hsiao, our Head of Investor Relations, to oversee this Q&A session. Thank you, Tori. Let's move to our shareholder questions. There being no further topics to address, the meeting is now concluded. We appreciate your attendance at today's annual stockholders meeting. Thank you. Thank you for joining today's meeting. You may now disconnect.