Good afternoon, everyone. Thank you for standing by. My name is Alex, and I'll be your conference operator today. I would like to welcome everyone to the call announcing the combination of NortonLifeLock and Avast. Today's call is being recorded and all lines have been placed on mute to prevent any background noise. After the speaker's remarks, there will be a question and answer session. At this time, for opening remarks, I would like to pass the call over to Ms. Mary Lai, Head of Investor Relations. Ms., you may begin. Thank you, Alex, and good afternoon, everyone. Thank you for joining us today. Earlier today, we announced the merger of NortonLifeLock and Avast. The details include the Rule 2.7 announcement, press release, and investor slides. All can be found on the IR website at investor.nortonlifelock.com. As a reminder, there will be a replay of this call posted on the IR website. Joining me today to discuss the merger are Vincent Pilette, NortonLifeLock CEO, Natalie Derse, NortonLifeLock CFO, and Ondřej Vlček, Avast CEO. Before I pass it to Vincent, I would like to remind everyone that the information shared today will be limited to what has already been disclosed in the Rule 2.7 announcement and summarized in the investor deck we posted on our IR website. In addition, certain financial measures such as operating margin, earnings per share, and free cash flow are non-GAAP financial measures. A reconciliation of historical non-GAAP financial measures to U.S. GAAP financial measures is included in our recent quarterly earnings release, which is available on our IR website. We are unable to provide a reconciliation of forward-looking non-GAAP financial measures to U.S. GAAP financial measures because certain information is dependent on future events, some of which are outside of our control. Today's call contains certain forward-looking statements regarding, among other things, our and Avast's combined business, potential financial performance and operations as a combined company, and the timeframe and expected benefits of the proposed merger. Such forward-looking statements involve risks and uncertainties that may cause actual results to differ materially from our current expectations. These statements are based on our current beliefs, assumptions, and expectations and speak only as of the current date. For more information, please refer to the cautionary statement in the presentation and the risk factors in our filings with the SEC, in particular, annual report on Form 10-K for the fiscal year ended April 2, 2021. With that, now I will hand the call over to our CEO, Vincent. Thank you, Mary. Welcome and good afternoon, everyone. Thank you for joining us on such short notice. 18 months ago, as I became the CEO of NortonLifeLock, I had the opportunity to meet with Ondřej, who also had just been named the CEO of Avast six months earlier. Over that breakfast, we talked a lot about the evolution of a typical person's everyday life and how more and more that life was being touched by or replaced by the digital world. Today, most people's lives are indistinguishable from their digital lives, and this is driving a critical need for cyber safety to transform. Cyber safety used to mean antivirus software on your devices, but today it has evolved to become a platform to protect and manage your privacy and identity in addition to provide core security. As Ondřej and I stayed connected and maintained regular conversations, it became very apparent that Avast and NortonLifeLock share a very similar vision and have both common values and complementary strengths. We started to envision the possibilities of combining our complementary strengths and the opportunity for us together to transform cyber safety for everyone. Today, we took the first step of that new journey in pursuit of that common vision to protect and empower people to live their digital lives safely or what Ondřej calls empowering digital freedom for everyone. Indeed, earlier today, NortonLifeLock and Avast reached an agreement on the terms of a recommended merger. This recommended transaction has an election feature which provides Avast shareholders with the option to choose between a majority stock option or majority cash option. We will let shareholders review the details of the offer in our filed documents, but our respective boards believe that the merger has a compelling strategic and financial rationale, and they have unanimously approved and recommended this transaction. Actually, believing in this vision and the opportunity for us to achieve it together, Avast founders and directors have irrevocably agreed to support the transaction and take the majority stock option. The combined company will have dual headquarters in Prague in the Czech Republic and Tempe in Arizona. We expect that the combined company will be renamed at a later stage, with the new name reflecting our combined vision to empower digital freedom for everyone, as well as the company's broad global prospects. From a leadership and governance perspective, we both agree, Ondřej and I, will take the roles of President and CEO respectively. We agree on many things and have complementary backgrounds. Natalie will be our CFO. Finally, Pavel Baudiš, Avast co-founder, and Ondřej will join our board. This merger has the potential to deliver substantial benefits to consumers, shareholders, and other stakeholders. The combined company will have over 500 million users globally and approximately $3.5 billion in revenue. The scale and strength of the cyber safety platform will drive innovation and adoption of adjacent trust-based solutions. Combining Avast's strength in privacy and NortonLifeLock's strength in identity, supported by our combined AI capabilities, will enable us to create a broad and complementary product portfolio beyond core security and towards adjacent trust-based solutions. Furthermore, the merger would broaden our geographic diversification and increase our presence in the SOHO and VSB segments. Financially, the combination also unlocks significant value creation through approximately $280 million of annual gross cost synergies and will provide reinvestment capacity for innovation, partnerships, and marketing to further accelerate our growth. The transaction will enhance the financial profile of the combined company through increased scale, long-term growth, synergies, and strong free cash flow generation supported by a resilient balance sheet. As I mentioned, based on our last reported financials for both companies, we'll have scaled the top line to approximately $3.5 billion of combined revenue. We will have created an operating lever of approximately 52% in blended operating margin, that is pre-synergies, delivering approximately $1.5 billion of annual free cash flow, also pre-synergies. We will have the opportunity to empower approximately 40 million combined direct customers with our complementary product portfolios and culture of innovation. Together with Avast, we will solidify our foundation to drive high single-digit top-line growth with double-digit long-term potential. One thing is for sure, people want to enjoy the advantages of a digital world without compromising their security, privacy, and identity. Our sole mission is to bring that and more to everyone. With that, let me pass it to Ondřej to offer his views on our merger and the opportunity in front of us to transform cyber safety. Ondřej? Thank you, Vincent. Hello, everyone, and thank you for tuning in. It's a privilege and total pleasure to be here side by side with NortonLifeLock today. What a unique opportunity it is to combine our complementary strengths to create a new industry-leading global consumer cyber safety business. With this combination, I have no doubt that we have the right foundation to do just that. We're going to make use of our established brands, our go-to-market reach and complementary strategies, our technical expertise, and the innovation capabilities of our two companies. On top of that, it is exciting to bring together two strong and highly experienced consumer-focused management teams to tackle the increasing problem of cyber criminality. The global strength of the company will also be supported by the expected dual headquarters in Prague and Tempe, Arizona. Avast directors, including our two founders, have irrevocably agreed to support the transaction and go with the majority stock option. On the completion of the transaction, Avast shareholders are expected to own between approximately 14% and 26% of the combined company, depending on Avast shareholder elections. Let me also say a few words about the underlying driver of this cyber safety segment to address all aspects of the cyber criminality problem. The increased dependence on technology, now further accelerated during the global pandemic, has fueled the increase of digital activities that people do online. At the same time, there is no question that the volume of cyber threats is increasing. Attacks are more complex and sophisticated than ever before, and new privacy and identity-related challenges are emerging. We believe that we can tackle this dark problem with a differentiated approach and a technology-based solution. From a product and technology perspective, this combination is really powerful. Out of the box, together, we'll have greater scale in threat visibility, a geographically distributed cloud data platform, and advanced AI-based automation and classification capabilities. Thanks to that and the incredible talent of our combined team, we will be able to offer a market-leading suite of solutions to millions of individuals and families globally. I'm also energized to know that the combination provides us with the opportunity and responsibility to support over 500 million users, including approximately 40 million direct customers. This is well-aligned with Avast's vision to empower digital citizens. Together with Norton LifeLock, both companies are accelerating the shift towards a user-centric approach to protecting digital freedom for everyone. Thank you for allowing me to share my thoughts around this merger, and I'll now pass the call to Natalie. Thank you, Ondřej, and hello to everyone. As you've heard from both Vincent and Ondřej, there's a compelling strategic rationale behind this combination. First, let me talk to you about the cost synergies and revenue opportunities. We expect to unlock significant cost synergies of approximately $280 million in annual gross spend pre-tax, which represents approximately 15%-20% of combined adjusted spend, including cost of sales and OpEx. As you can expect from us, we have thoroughly analyzed the overlaps and possibility to drive efficiencies. The run rate synergies are expected to be fully realized by the end of the second year following the completion of the merger. We expect to realize approximately 60% of the run rate cost savings by the end of the first full- year following completion of the merger, and 100% by the end of the second full- year following completion. Through these synergies, we expect to free up new investment capacity to deploy into innovation, partnerships, and marketing initiatives to help accelerate long-term sustainable growth. We have reaffirmed our long-term objective of $3 EPS previously presented during our investor day back in May this year. At the time, we intended that M&A would be an accelerator, and so we feel even more positive today about achieving that objective, and this deal will enable us to get there faster than we could otherwise. We believe that the combination of NortonLifeLock and Avast solidifies the foundation for driving long-term double-digit revenue growth. As Vincent said earlier, the combined company is approximately $3.5 billion of revenue on an aggregated basis, with approximately 52% in blended operating margin before any synergies. This acquisition is expected to generate double-digit EPS accretion within the first full- year following completion. Moving on to financing. The transaction is expected to be financed with cash and $5.35 billion of new permanent debt facilities comprised of a combination of Term Loan A and Term Loan B at a blended rate of approximately 2%. Other existing debts of NortonLifeLock with upcoming maturities will be refinanced prior to the closing of this transaction, and the revolving credit facility is expected to be upsized to $1.5 billion, but to be undrawn at close. Now, let me spend a few minutes specifically on capital allocation. Our capital allocation strategy is growth-focused, leveraging the strong cash flow generation while retaining a resilient balance sheet and maximizing value to shareholders. The combined company will generate annual free cash flow of approximately $1.5 billion pre-synergies on an aggregated basis, which is expected to grow in line with the business. We plan to return 100% of free cash flow, excluding M&A, to shareholders over the long term. In this context, we plan to deploy capital through regular dividends, share buybacks, and tuck-in acquisitions while operating at about 2-3x net leverage ratio. We intend to maintain the current NortonLifeLock quarterly dividend of $0.125 per share. At the same time, we are targeting a net leverage of 3.5 x post-close. To the extent that Avast shareholders elect the majority stock option, we intend, subject to market conditions and other capital requirements, to implement an incremental share buyback program over time following completion of the merger, which if implemented, would be up to approximately $3.5 billion to optimize our capital structure. Given the expected strong cash flow generation from our business, we plan to rapidly deleverage to operate at net leverage of approximately 2-3 x, which is in line with our long-term capital allocation strategy. We look forward to building on this growth momentum with our scalable foundation. We're excited about the tremendous opportunity ahead. Thank you for your time today, and I will now turn the call back to the operator to take your questions. Operator? As a reminder, to ask a question, you will need to press star one on your telephone keypad. Again, that is star one on your telephone keypad. To withdraw your question, you may press the pound key. Let us stand by while we compile the Q&A roster. We have our first question coming from the line of Hamza Fodderwala from Morgan Stanley. Your line is now open. Hey, guys. Thank you for taking my question and congrats on the transaction announcement. Listen, I'm curious if you could maybe give a little bit more detail on some of the top-line synergies that you see coming from this transaction. Obviously, with Norton traditionally being sort of a more premium offering and sort of the more premium base of Avast, what are some of the opportunities you see there? And then for my follow-up, for Ondřej, I'm just curious, you know, what made you ultimately decide to, you know, merge with Norton, and kind of what are the opportunities that you see for the combined asset as well? Great. Thanks for your question. I'll take this first one, and then Ondřej will answer your second one. Since you're my first question, allow me to broaden it a little bit. Obviously, growth and top line and making cyber safety available to everyone is our number one mission, and so it's a very important question. Before I answer the top line, let me be very clear for all investors. We are very disciplined operators, and Avast has the same reputation. When we came together, we obviously had the same mindset in terms of operational discipline. We know that to make a merger of this size a success, we have to be very, very disciplined in our plan. We did base the base business case on current momentum of the businesses, respective businesses, and then worked on the cost synergies. You know we've identified about $280 million of cost synergy. That's gross synergies. We also say that we will reinvest a portion of those synergies. We did not base the base case and the financial transaction on revenue synergies, which we will go after as our number one objective, but will be upside to our model. From an overall perspective on growth, it's important to recognize that cyber safety is transforming. It's not anymore your core security of your devices and obviously identity protection, digital identities protection, so it's growing even more than one per consumers. Privacy concerns, privacy solutions for consumers are very important. Our intent with this merger is to provide more value, more innovation to all consumers globally. That's our mission and our goal. There will be more short-term cross-sell, upsell versus providing value to our consumers, sorry, and there will be long-term ones. On the short term, the obvious one, as you know, we have the LifeLock brand and LifeLock solutions that's very well recognized in the U.S. When we acquired Avira, we started to develop our Norton Identity International. Both LifeLock in the U.S. and Norton Identity International have started to cross-sell in the Avira environment. We're going to take these learnings now and provide that value to the consumers and the customers of Avast today. The second one is privacy, and Avast BreachGuard and others. Avast has been focusing really about enabling consumers to control the data, manage their privacy, giving them tools for that. It was an important topic for us, but we are behind Avast portfolio from that respect, and so taking Avast technology and products and offering that to the Norton consumers will be very important, whether that is a standalone product or merging the products into what will become more and more a platform, a cybersecurity, a cyber safety platform that consumers choose to opt in and in which we can provide more value. Another, still in the short-term, mid-term range, is the gig economy, where in VSB segment, very small businesses, you have very much behaviors of consumer type, if you want. Avast is already focused on that segment. We can expand our overall now combined portfolio of security, identity, and privacy in that segment, and we'll go after that as well. A fourth one would be by country. We saw a lot of complementarity in countries, France, Italy, other countries where Avast is very strong. We obviously have a strong foothold in Germany. In Latin America, Avast is very strong. We are not at all. Able to reach out on a global basis to reach a maximum number of consumers is very important. Those are the mid-term. Then I'll mention the long-term one that we'll go after, and it's really requiring incremental investment. We're not ready to quantify those today, but as we develop our plan, get closer to close the transaction, we're obviously going to refine those plans. There are three areas. We can continue to expand partnerships, go after all different ways, B2B2C or direct to reach a maximum number of customers. The second one is innovation. It's obvious to you when you read Ondřej's background, he's very strong on technology and innovation. I'm more of a business operator. Together, we're going to have a really rounded agenda of developing innovation, increasing the cadence of value creation for consumers. The third one of long term would be about what I would call marketing. We've seen already early on when we acquired Avira, which was a smaller freemium solution, mainly focused on DACH. That is the German-speaking countries in Europe, we applied some of the marketing capabilities, budget, analytics onto that freemium base, and so an increase in the conversion rates. We're going to continue to identify areas where we can drive more freemium penetration, and then later on more value by increasing the conversion rates. Those are the overall areas that at this point in time, we have discussed between Ondřej and I. Ondřej, I'll pass it to you for the second question. Well, thank you. Thank you, Vincent. That was a really, really exhaustive answer that you just gave. The interesting thing is that you know, as we spoke, Vincent and I, it was interesting to see that we share a common vision and the vision is about transforming this space, this entire space where we see rapid changes and rapid kind of changing opportunities ahead of us. First of all, it would be the competitive landscape. Vincent spoke about cyber safety no longer being about antivirus and the competitive landscape you know is now much, much broader in many regards. We see, you know, real interesting innovations when it comes to security, privacy, identity coming from all directions, including the Big Tech and, you know, making sure that our companies stay relevant and are successful in this ever-evolving space is one of the key things here. The vision that we share and that we want to execute on, it's really interesting in that it does go beyond the existing solutions. I'm sure we'll get a chance to talk much more about that as we get closer to the actual closing of this deal. What I can say is that what this deal does, and we are all hopeful will do, is rapid acceleration on our journey to transforming this space together. Thank you. Really helpful. Your next question comes from the line of Saket Kalia from Barclays. Your line is now open. Hey, Saket. Hey, Vincent. Hey, Ondřej. Thanks for taking my questions here, and congrats to both of your respective companies on this proposed merger. Yeah, thank you. I'm sure you meant to say, "Hey, Natalie," too. Oh, absolutely. The whole team. No, absolutely. Vincent, maybe for you to start. You know, clearly the combined entity will be a leader in this space. I'm curious, how do you think about this? How do you think this potentially changes the competitive dynamic, you know, versus other competitors that focus in this space or other folks that have a presence in this space, like Microsoft? Any views on sort of the market after this, I think, very powerful combination. I'm curious how you folks think about that. Yeah. No, no, absolutely. I know you understand the space very well, but if you're not very close to the space, many times we get misconstrued understanding around its antivirus and you have only two or three players. The reality is cybersecurity, security has started already to evolve a few years ago, with the emergence of the digital lives. Obviously, it took an even stronger step function over the last two years. With that, the intensity in the competitive environment, the innovation, the money flowing in, moving from a traditional AV into a core security, into identity protection, into privacy, has been very dynamic. I think this combination will offer a bigger, broader IP and R&D capabilities to go and create a more efficient cyber safety protection, well-rounded. We call it Norton 360, but the 360 is an important number in that, for all consumers. I think we'll be better equipped as we bring the strengths of both companies here together to deliver more value to consumers. As you know, Microsoft is really the leader in that, antivirus functionality, I would call it today, not a product anymore. Then you have a lot of innovative small company that bring new solutions. The importance of technology will be very important. I know Ondřej has invested a lot in the AI capabilities. I think technology innovations coupled with our go-to-market and marketing capabilities will be the way to compete in this much more dynamic market than people may perceive today. That makes a ton of sense. Natalie, if I may, for you. You know, obviously still a ton to do here between now and the close of the deal. I think you touched on this a little bit during the prepared remarks, but I'd love to flesh it out a little bit. Can you just remind us how you think about sort of maximum leverage in the business, and how big that maximum cash component might be here, sort of given the range of scenarios? Does that make sense? Yeah. Thanks for the question. We said it, you know, in the script, but just to reiterate or to flesh it out to your point, we're targeting our leverage at the time of close to be approximately 3.5x. Of course, given the structure of the deal, the shareholders will still need to elect between the majority cash offer and the majority stock offer. If the majority of the shareholders elect the majority stock offer, then we're gonna move forward with a buyback. Regardless of the mix, right? Of course, we've looked at the bookends and then every mix in between. Regardless of how that mix shakes out post-election, we're targeting that 3.5x. To your second question in terms of the max cash. If you look at the bookends, and let's just assume if you did the math on the cash offer, where it's a 90% cash, 10% stock, excluding the founders, which we know are gonna take the majority stock offer, and just look at if everyone else took the cash offer, would be really using approximately $6 billion. Regardless, in the bookends, we're gonna manage that mix to get back to about approximately 3.5 x. Got it. If I could sneak in one other one here as well. You know, maybe relatedly, as we're talking about leverage, Natalie, can you just maybe talk about sort of a delevering sort of framework as you think about those range of scenarios? Yeah, sure. I think, you know, you've heard us say a couple times now that we stay committed to maintaining over the long term in our capital allocation structure around 2-3x. The delevering that we're talking about, honestly, from a NortonLifeLock perspective, you're familiar with what strong cash flow generators we are. Avast is too. Combined, we're gonna generate approximately $1.5 billion. If you just flush that through, that's gonna be the main driver or the main component of the delevering that we expect over the long term. Got it. Very helpful. Congrats to everyone on this proposed deal. Thanks, Saket. Thanks, Saket. Next question is from the line of Michael Briest from UBS. Your line is now open. Yes, thank you. Good evening and congratulations from me as well. Clearly a very exciting opportunity you've been working pretty hard at. Two from me. I think investors are mindful of market share, and so thinking about the U.S. in particular, you both have a big business there. Depends on how you slice the market, I suppose, but do you see any risks or needs for concessions there to get the deal through? Secondly, a separate one for Vincent Pilette and Ondřej Vlček. Vincent Pilette, you bought Avira six months, I guess, ago, and your talks with Ondřej Vlček maybe started sometime before that. Can you talk about the reasons for going ahead with that? What were the learnings possibly that made you feel confident to go ahead? Ondřej, obviously, you've lived and breathed the free to paid model for years now, and Norton's been the biggest competitor. What's excited you? Obviously, your business was obviously sort of cusp of launching Avast One and your own sort of growth driver. Why do you feel this combination now is so exciting? Thank you. I'll quickly get the first two out of the way, and then Ondřej will talk about his excitement. I'd rather finish on a super excitement, note. Versus talking about the regulators. Look, we did a lot of work. We analyzed market share in every country, obviously, as part of this, due diligence. We're not going to speculate on the output, but we're very confident that once the regulator have looked at this business, and understand the way we look at it, and we just talked about it, the emergence of cyber safety as a platform and all of the incremental functionality that cyber safety needs for consumer to be useful, they too will come to the conclusion that this deal is pro-competitive, will drive innovation and more value to consumers. When it comes to Avira, we did look at Avira for a few different things. One, obviously it was a bit more international presence, understanding the freemium model, but also some of the AI and technology that they had with a more modular approach to this space. We really like the team that joined NortonLifeLock at that point in time, and many of them are leading within our business. Travis, the CEO of Avira, is on my team and contributing tremendously. Frankly, the Avira experience that we went through on go-to-market integration, on testing in many different countries whether freemium and premium can coexist, whether there would be cannibalization or not, can we use Norton on a freemium when Norton is known as a premium, or do we use separate brand? We're still running some of those tests, as you may have heard in some of our calls. I don't know if you followed all of them. We've seen a very strong result. In those countries, when we coexist and run and invest our marketing capabilities on both lines, we've seen both lines actually growing. There are a set of customers that will always start with a freemium model and wants to have a basic cyber safety, and we'll be here to provide it. When it comes to incremental innovation and more values, explaining that value, explaining the reason to have it is also important. There, the marketing capabilities of the Norton line was important, and we saw an increased conversion. Those proof points or early proof points, if you want, that this is the right move, only give us more confidence and more comfort that combining Avast and Norton would be very powerful for the consumers. With that, I'll pass it to you, Ondřej. Yeah. Thank you. Hi, Michael. Good to hear from you. Well, what excited us, I already alluded to it, in the presentation. First and foremost, we see this as a massive opportunity to accelerate the vision of transforming this space. We spoke about, I mean, the way we look at it is, we've really only started scratching the surface on that transformation to people-centric safety and security with Avast running with Norton 360. These are great first steps, but there is so much more that can be done. We call, you know, the vision a digital trust platform, and it is much broader than just the product that you see available today. Now, in order to execute that, executing this, I think, is going to be strategically important for a couple of reasons, including the what we would say is an increasingly competitive backdrop, where again, especially Big Tech, I think, is getting stronger in safety and security, and being able to tackle that will require scale. Both building, capturing those opportunities around the digital trust platform, but also being a very credible and capable competitor to Big Tech and to all the changes that are happening in the space would be the two things that I think are really important and that give me a lot of excitement. I think the capacity, if I think about the combined balance sheet of this company, especially after we are done with realizing the synergies, clearly the firepower that we'll have to further accelerate transformation of the space is going to be very strong. That's what myself, as well as the Avast founders and the entire board, got really excited about, and that made us decide unanimously to vote for this transaction. Thanks very much. Again, to ask a question, please press star one on your telephone keypad. Again, that is star one on your telephone keypad. Your next question comes from the line of Anand Date from HSBC. You may ask your question. Yeah, hi. Hey, Anand, we can't hear you. Can you not? Is that any better? Yeah, perfect. Much better. Yeah. Mm-hmm. Great. Thanks. It's a question for Ondřej primarily, please. I'm trying to figure out how we've split the value generation between Norton and Avast shareholders. Just in really simple terms and how I'm trying to think about it. If we ignore revenue synergies for a moment, you know, we can't quantify them, fine. If I simply take the cost synergies at $280 million and capitalize them, let's even say at 10x, that's a big chunk of the implied EV of the terms. I'm just wondering whether you could give us a bit of color on how you actually got to those merger terms and sort of splitting the value, please. Look, the merger terms as you have seen are structured in a way that shareholders actually get to choose whether to go with cash or majority cash option and majority stock option. We see that as kinda really you know capturing both types of our shareholders. Those who are interested in returns in the short term are welcome to take the MCO. While those who believe in the long-term prospects of this combined business and are able to hold the U.S. paper, which is important to say because not all of our institutional U.K. public shareholders are able to do so. Those who are welcome to take the majority stock option that will of course allow them to participate on the value creation through the synergies as we have outlined them. We think that the proposed conditions of the deal are fair and really provide a good opportunity for value creation for both types of investors. Okay. Thanks. Mm-hmm. Again, to ask a question, please press star one. At this time, there are no more questions. I will turn the call back to Ondřej and Vincent for closing remarks. Thank you, Alex. Thank you. We are really excited about this combination and the opportunity to capture from the large and growing TAM. Being able to do this with NortonLifeLock, a company that has an aligned commitment to corporate responsibility, is even more impressive. Both companies are committed to social, environmental, and governance responsibilities. Our combined talent pool also shares common values and culture of excellence and innovation. Thanks, Ondřej. The combined company will be well-positioned to capitalize on the continued growth and to lead digital disruption in cyber safety, combining two businesses with complementary technology-oriented cultures and a shared customer-centric long-term vision. We are fortunate to be able to work alongside Ondřej and his entire global team, and we have the opportunity to draw on the best of both companies to serve over 500 million users. Thank you for joining the call. Thanks for your support, and we look forward to connecting with you very soon. This concludes today's conference call. Thank you for participating.