Financial Data and Key Metrics Changes - Consolidated net revenue decreased by 7% year over year to $555 million [21] - Consolidated AOI declined by 30% to $104 million, with a margin of 19% [21] - Adjusted EPS was reported at $0.52 [21] - Free cash flow for the quarter was $94 million, on track to achieve approximately $220 million for the full year [20][32] Business Line Data and Key Metrics Changes - Domestic operations revenue decreased by 7% to $486 million, with subscription revenue down by 3% due to a 12% decline in affiliate revenue, partially offset by an 8% growth in streaming revenue [21][22] - Advertising revenue in domestic operations decreased by 15% year over year, primarily due to lower linear ratings [26] - International revenue decreased by 7% to $70 million, with subscription revenue down by 12% due to the non-renewal with Movistar in Spain [28] Market Data and Key Metrics Changes - Streaming subscribers remained flat at 10.2 million compared to the prior year, with a slight decline from 10.4 million at the end of 2024 [24][25] - Advertising revenue from streaming is still in the low single digits but provides incremental revenue opportunities [50] Company Strategy and Development Direction - The company focuses on programming, partnerships, and profitability, emphasizing the generation of free cash flow [6][34] - Plans to launch an ad-supported version of Shudder and a new fast channel, Acorn TV Mysteries, to enhance audience engagement and advertising opportunities [10][12] - The company aims to improve its content distribution ecosystem through partnerships with traditional MVPD distributors [39] Management's Comments on Operating Environment and Future Outlook - Management remains optimistic about the advertising market despite macroeconomic uncertainties, noting strong engagement with advertising partners [26][46] - The company anticipates revenue acceleration from streaming due to pricing actions and content licensing [63] - Management acknowledges challenges in the linear advertising market but believes in the strength of their programming and advanced advertising capabilities [66] Other Important Information - The company ended the quarter with net debt of $1.5 billion and a consolidated net leverage ratio of 2.9 times [30] - The capital allocation philosophy remains focused on supporting the business through compelling programming while maintaining healthy cash flow generation [31] Q&A Session Summary Question: Can you tell us about the streaming subscribers coming in through bundled video packages? - Management expressed satisfaction with the integration with Charter and the anticipated take rates for embedded streaming services [37] Question: Are you seeing any risk of cannibalization on the a la carte side? - Management believes that expanding distribution will create a healthier video ecosystem and additional revenue opportunities [40] Question: How much of your advertising is coming from streaming? - Streaming advertising delivers incremental revenue, and the company is confident in its genre-based services [50] Question: When will you lap the subscription revenue issues from the Spanish drop? - Management indicated that the non-renewal with Movistar occurred at the end of 2024, providing a clean comparison for year-over-year analysis [54] Question: What are your expectations for content spend and content amortization this year? - Management stated that cash content spend is expected to be slightly down, but the volume of productions will remain flat year over year [72]

以下文章来源于不会笑青年 ，作者不会笑青年 不会笑青年 . 全网唯二的程序员主题漫画公众号。 用Windows开发 小分 她做全栈 经常写C 用Linux开发 r 公安 l 年 l 贸易 出品 我学习技术靠刷视频 如于上出十年十年十年 您有力 机玄 畑 七 不 中 ◎不会笑青年 原创 出品 比自己更能码 是种什么体验呢? 公告 @ 不会笑 青年 原创 出品 这是我的女友 我24岁， 她29岁 0 2 :102 公众号 tton 出品 经常写CSS 我做前端 她学习技术爱看书籍 想看片就写代码去爬 所以 论编程段位、经验、能力 我女友实力明显远高于我 1045 这天加班到很晚 被BUG折磨了一整天的我 心力交摔 你可回来了 加班累坏了吧 公众号 / 奖 幸 原创 出品 饿不饿啊 我煮了面给你吃 尽管女友对我嘘寒问暖 但被BUG摧残了一天的我 并没有怎么回应她 the the 7 t a PAR 公众号 同 不会实营经 0 原创 出品 U 没一会 看到... 女友她正在帮我改BUG 公 亚游戏制 只觉 日 我就睡着了 这一睡 也不知过去了多久 深夜中我迷迷糊糊的睁开双眼 我看到... 都凌晨3点了 这个女人 不知 ...

Core Viewpoint - The article presents a narrative about the experiences of a programmer and their girlfriend, highlighting the differences in their learning styles and technical skills, ultimately showcasing the girlfriend's superior programming abilities [11]. Summary by Sections - The protagonist works in front-end development, often using CSS and Windows for development tasks [4]. - The girlfriend is a full-stack developer who frequently writes in C and uses Linux for her work [6]. - The protagonist relies on video tutorials for learning, while the girlfriend prefers reading books and coding to enhance her skills [9][11]. - The story illustrates a day of struggle for the protagonist, who faces challenges with bugs while working late [12]. - Despite the girlfriend's caring gestures, the protagonist is too exhausted to engage in conversation after a long day of work [14].