Operator
Good day, and welcome to the Spanish Broadcasting Second Quarter 2025 Conference Call. [Operator Instructions]. Please note that this event is being recorded. I would now like to turn the conference over to Mr. Mike Smargiassi. Please go ahead.
Michael Smargiassi
Brainerd Communicators, Inc.
Thank you, and good morning, everyone. Before we begin, please recognize that certain statements on this conference call are not historical fact. They may be deemed, therefore, to be forward-looking statements under the Private Securities Litigation Reform Act of 1995. In particular, statements about future results expected to be obtained from the company’s current strategic initiatives are forward-looking statements.
Many important factors may cause the company’s actual results to differ materially from those discussed in any such forward-looking statements. Spanish Broadcasting System undertakes no obligation to publicly update or revise its forward-looking statements. Please also note that we will be discussing non-GAAP financial measures.
The company believes that operating income before depreciation and amortization, loss on the disposal of assets, impairment charges and other operating expenses, excluding noncash-based compensation or adjusted OIBDA, is useful in evaluating its performance, because it reflects the measure of performance for the company’s stations before considering costs and expenses related to capital structure and dispositions.
This information is not intended to be considered in isolation or as a substitution for operating income, net income or loss, cash flows from operating activities or any other measure used in determining the company’s operating performance or liquidity that is calculated in accordance with U.S. GAAP. I will now turn the call over to Mr. Raul Alarcon.
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