Good day, everybody, and welcome to The Walt Disney Company fourth quarter and full year 2024 financial results conference call. All participants will be in listen-only mode. [Operator instructions] After today's presentation, there will be an opportunity to ask questions. [Operator instructions] Please note, today's event is being recorded.

Thank you for standing by, and welcome to the Sonos fourth quarter 2024 conference call. All lines have been placed on mute to prevent any background noise. After the speakers' remarks, there will be a question-and-answer session. [Operator instructions] Thank you.