Aaron Lee

“The midpoint of the 2026 EBITDA guidance range went up by about $19 million, which is more than the $14 million tariff benefit and the TQB versus the midpoint of the guide, which would imply a strengthening of the back half outlook.”

“I appreciate all the color on the call about guidance and the games. Maybe just starting with guidance. So I understand why revenue cut up in the lower end of the range, just given the factors that you've laid out, the planned marketing spend reduction and consumer softening.”

“Maybe just to touch on Incubator and the 18-plus initiatives. It seems like that's progressing nicely.”

“And maybe to start just building off the earlier question on M&A, can you just update us on what the M&A environment looks like today? Are you still seeing deals across your desk?”

“I wanted to ask about the social casino business. Nice to see the comments on Slotomania. So with regard to competitive pressure from sweepstakes casinos, we've seen a number of states kind of pass legislation banning the category and more states floating legislation to do the same.”