Operator: Good day, and welcome to the Magnite Q3 2025 Earnings Conference Call. [Operator Instructions] Please note this event is being recorded.

I would now like to turn the conference over to Nick in Investor Relations. Please go ahead.

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**Nick Kormeluk
VP of Investor Relations & Head of Global Real Estate**

Thank you, operator, and good afternoon, everyone. Welcome to Magnite’s Third Quarter 2025 Earnings Conference Call. As a reminder, this conference is being recorded.

Joining me on the call today are Michael Barrett, CEO; and David Day, our CFO.

I would like to point out that we have posted financial highlight slides on our Investor Relations website to accompany today’s presentation.

Before we get started, I will remind you that our prepared remarks and answers to questions will include information that may be considered forward-looking statements. These include, but are not limited to, statements concerning our anticipated financial performance and strategic objectives, including the potential impact of macroeconomic factors on our business.

Please note that these statements are not guarantees of future performance. They reflect our current views with respect to future events and are based on assumptions and estimates, and are subject to known and unknown risks, uncertainties, and other factors.

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Thank you, and with that, I will turn the call over to Michael Barrett, CEO.
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