Analytic Langlands correspondence for PGL(2) on P^1 with parabolic structures over local fields

We continue to develop the analytic Langlands program for curves over local fields initiated in arXiv:1908.09677, arXiv:2103.01509 following a suggestion of Langlands and a work of Teschner. Namely, we study the Hecke operators introduced in arXiv:2103.01509 in the case of P^1 over a local field with parabolic structures at finitely many points for the group PGL(2). We establish most of the conjectures of arXiv:1908.09677, arXiv:2103.01509 in this case.