A：The gaming business is making meaningful progress with new casual games advancing smoothly and a clear growth road map for their next stage of development. Notable achievements include the Apple App Store feature of 'Table Match' in several markets and improving market visibility.

A：The focus of the company's expansion plans is on scaling up product commercialization and unlocking growth opportunities across high-potential global markets, with specific mention of a successful co-promotion campaign between two titles and the next major version update for a current title.

A：The company's approach to enhancing product development efficiency includes the integration of AI-assisted programming into the game development flow and the launch of a proprietary AI model-based system for Match 3 level generations and difficulty evaluation.

A：The company is managing shareholder returns by executing share repurchase programs, having purchased 4.4 million ADS or Class A ordinary shares for 27.6 million USD in the first half of the year, and canceling 12.7 million A-class ordinary shares as of August 14, 2026. The company will continue with the newly authorized 2026 program for up to 150 million USD over 20 months starting from March 9, 2026.

A：The company's vision for long-term growth is to synergize the gaming ecosystem at the core of its technology infrastructure and continue unlocking local opportunities while pursuing strategic partnerships for global expansion.

A：The 10th anniversary initiatives drew significant engagement and a strong willingness to spend among loyal high-level users, reinforcing Yala's leadership in digital entertainment markets.

A：The company remains committed to serving the diverse needs of users across the Mena region with a growing product portfolio, drawing on the local knowledge it has accumulated over the years to drive high-quality growth.

A：In the second quarter, the company reported revenues of $82.6 million, with a 11.6 percent year-over-year growth in revenue from games services. The non-GAAP net margin remained healthy at 41.7 percent, supported by a robust balance sheet and cash flow.

A：Recent geopolitical events led to a decrease in the user base attributable to a reduction in paid users, but this was partially offset by an increase in revenue from games services.

A：Revenue growth and profitability in the second quarter were influenced by a decrease in cost of revenues and an increase in selling and marketing expenses, resulting in a non-GAAP operating income of $24.5 million and a net income of $34.4 million.

A：The company expects its revenues for the third quarter of 2026 to be between $78 million and $85 million. This outlook is based on current market conditions and is subject to change.

A：The company's core new products are advancing at different rates, with turbo mats being developed by staff member Ryan with a focus on global markets. User acquisition and retention trends are healthy in the second quarter, and plans include scaling up commercialization and accelerating global expansion in the US and Europe. The desert-themed SLG title completed a co-promotion with Yellow Ludo for initial user acquisition and is now focusing on a major version update that will enhance gameplay content and monetization. Additionally, the content provider is investing in the game's UI for a better aesthetic experience.

A：The company has committed to maximizing shareholder value. It has an authorized share repurchase program of up to $150 million and remains dedicated to its shareholder return program. With net cash reserves exceeding $800 million, the company maintains strategic financial flexibility to deepen local advantages in the Mena region, pursue strategic partnerships, and acquire top-tier R&D teams for expanding the product pipeline and entering overseas markets. Future plans involve exploring high-quality growth opportunities and enhancing shareholder value through disciplined capital allocation.

A：The company aims to grow through a combination of in-house game development with external distribution partnerships. It is building a skilled team for Max 3 Games and is enriching its product portfolio with internally developed new products across casual and hyper-casual games for growth in 2027 and 2028. Game distribution partnerships are being actively sought globally to bring high-quality hardcore gaming to Mina. The company plans to continue strengthening its presence in the social network business by launching engaging local culture activities and optimizing operations around user needs.

A：The strong performance in the second quarter was primarily driven by the rebound of flagship products, showcasing strong user stickiness and sustainable resilience. New games met expectations, and the social ecosystem saw improvements with local culture integrated operations and engagement activities. Ya Lalu experienced a strong sequential recovery, supported by the last season series and user engagement initiatives. These efforts significantly enhanced user interactions and monetization, defining flagship products as core revenue contributors for the company.

A：AI technologies are being deeply integrated into the company's technology infrastructure. The tech team has introduced AI assistive coding into development workflows, and AI models are used for level generation and difficulty evaluation in games like Ma Three. This allows for the mass creation of high-quality levels and the use of AI for automated testing to assess level completion probabilities. This innovation has shortened level design and version迭代 cycles while reducing R&D costs. AI also helps deliver levels that match players' preferences and skill levels, improving player experience and user retention.

A：The company has been actively managing shareholder interests, purchasing shares under the 2021 and 2026 share repurchase programs. The 2021 program expired on May, and a total of $126.5 million was repurchased under it. The 2026 program, with authorization up to $150 million, is ongoing, and as of August 14, 2026, 12.7 million shares have been purchased. The company will continue disciplined capital allocation, focusing on long-term growth and maximizing shareholder value.

A：For the second half of the year, the company expects a slight revenue decline in core businesses to be offset by contributions from new games. Full-year guidance suggests maintained revenue offset by new game contributions, with overall company revenues expected to be in line with the previous year. Costs and expenses are expected to remain similar to the first half, allowing for a potential 30% net margin. However, if new products receive strong market feedback, there could be increased user acquisition investment to pursue greater market share. Further updates on the full-year outlook will be provided in the next quarter.