Financial Data and Key Metrics Changes - Revenue for Q2 2025 was $1,130,000,000, an increase of 4% year-over-year in pro forma constant currency, exceeding the midpoint of guidance [5][22] - Non-GAAP earnings per share (EPS) was $1.78, above the guidance range, primarily due to a lower than expected non-GAAP effective tax rate [6][24] - The twelve-month backlog increased by 3.5% year-over-year to $4,170,000,000, indicating strong demand and a healthy pipeline [6][29] Business Line Data and Key Metrics Changes - Revenue from managed services reached a record $747,000,000, up 3.7% from the previous year, accounting for 66% of total revenue [24] - The company reported a non-GAAP operating margin of 21.3%, which improved by 10 basis points sequentially and by 290 basis points year-over-year [23][24] Market Data and Key Metrics Changes - North America showed slight sequential growth and a 1.4% increase year-over-year in pro forma constant currency [22] - Europe rebounded from previous weaknesses, benefiting from new deal activities and contributions from acquisitions [22] - Southeast Asia experienced healthy customer activity, while Latin America showed mixed trends, leading to a sequential decline in the Rest of the World [22] Company Strategy and Development Direction - The company is focused on accelerating the adoption of GenAI in the telecom industry, collaborating with NVIDIA to enhance AI capabilities [16][17] - Amdocs aims to deliver double-digit growth in cloud-related revenue for fiscal 2025, supported by strong sales momentum and strategic partnerships [10][30] - The multi-pillar growth strategy emphasizes innovation in cloud, digital transformation, and network automation to meet customer needs [9][12] Management's Comments on Operating Environment and Future Outlook - Management noted rising global macroeconomic uncertainty but believes Amdocs is well-positioned to navigate the environment due to its unique business model [18][19] - The company reiterated a revenue growth outlook of 2.7% for fiscal 2025, with a tightened range of 1.7% to 3.7% [19][30] - Amdocs expects to achieve double-digit total shareholder returns for the fifth consecutive year, supported by improved profitability and cash conversion [31] Other Important Information - The company repurchased $135,000,000 of its own shares and authorized a new share repurchase plan of $1,000,000,000 [27][28] - Free cash flow for Q2 was $181,000,000, with a target of $710,000,000 to $730,000,000 for fiscal 2025 [28] Q&A Session Summary Question: Focus on AI contributions to revenue growth - Management indicated that GenAI activities are closely linked to data, with positive signs of proof of concepts maturing into real deals [34][36] Question: Customer spending behavior - Management reported no significant changes in customer spending behavior despite rising macroeconomic concerns [46][47] Question: Fluctuations in accounts receivable - Management explained that fluctuations in accounts receivable are normal due to the nature of project milestones and invoicing cycles [48][50] Question: Progress on AI offerings and contracting - Management noted good progress in data-related activities supporting GenAI, with several customers making significant strides [53][54]

Financial Data and Key Metrics Changes - Revenue for Q2 2025 was $1,130,000,000, an increase of 4% year-over-year in pro forma constant currency, exceeding the midpoint of guidance [5][21] - Non-GAAP earnings per share (EPS) was $1.78, above the guidance range, primarily due to a lower than expected non-GAAP effective tax rate [6][24] - The twelve-month backlog increased by 3.5% year-over-year to $4,170,000,000, supported by a strong pipeline [6][29] Business Line Data and Key Metrics Changes - Revenue from managed services reached a record $747,000,000, up 3.7% from a year ago, accounting for 66% of total revenue [24] - The company reported a non-GAAP operating margin of 21.3%, improving by 10 basis points sequentially and by 290 basis points year-over-year [23] Market Data and Key Metrics Changes - North America saw a slight sequential increase and a 1.4% year-over-year increase in pro forma constant currency [22] - Europe rebounded from previous weaknesses, benefiting from new deal activities and contributions from acquisitions [22] Company Strategy and Development Direction - The company is focused on accelerating the telco industry's adoption of GenAI and enhancing cloud services, with expectations of double-digit growth in cloud-related revenue for fiscal 2025 [16][30] - Amdocs is collaborating with Microsoft for cloud migrations and has secured significant projects in various regions, including the Philippines and Japan [7][10] Management's Comments on Operating Environment and Future Outlook - Management noted rising global macroeconomic uncertainty but believes the company is well-positioned due to its unique business model [18] - The company reiterated a revenue growth outlook of 2.7% for fiscal 2025, with a tightened range of 1.7% to 3.7% [19][30] Other Important Information - The company repurchased $135,000,000 of its own shares and authorized a new share repurchase plan of $1,000,000,000 [27][28] - Free cash flow before restructuring payments was $181,000,000, with a target of $710,000,000 to $730,000,000 for fiscal 2025 [28] Q&A Session Summary Question: Focus on AI contributions to revenue growth and collaboration with NVIDIA - Management indicated that GenAI activities are closely linked to data, with ongoing progress in AI-related projects contributing to revenue growth [34][35] Question: Customer spending behavior changes - Management reported no significant changes in customer spending behavior despite rising macroeconomic concerns [45][46] Question: Fluctuations in accounts receivable and unbilled balances - Management explained that fluctuations are normal due to the nature of various projects and milestones, and they do not guide for these balances due to their unpredictability [47][49] Question: Progress on AI offerings and contracting - Management noted good progress in data-related activities supporting GenAI, with several customers making significant strides, although specific names could not be disclosed [52][54]

Financial Data and Key Metrics Changes - The company reported total ARR of $1.704 billion, growing 4.1% year over year, exceeding guidance by $18.6 million [27] - Cloud subscription ARR reached $848 million, representing a 30% year-over-year growth, also above guidance [27][12] - Total revenue was $400 million, an increase of 3.9% year over year, exceeding guidance by approximately $14 million [31] - Non-GAAP operating income grew 11% year over year to $122 million, exceeding guidance [36] Business Line Data and Key Metrics Changes - Cloud subscription ARR now constitutes nearly 50% of total ARR, up from 40% a year ago [28] - Self-managed subscription ARR declined to $422 million, down 16% year over year [29] - Maintenance ARR was $433 million, down 9.5% year over year [29] Market Data and Key Metrics Changes - U.S. revenue grew 6% year over year to approximately $256 million, representing 63% of total revenues [35] - International revenue grew 1% year over year to $148 million, representing 37% of total revenue [35] Company Strategy and Development Direction - The company is in the final phase of its transformation to a cloud-only business model, with a focus on cloud modernization and new customer acquisition [5][10] - The company aims to reach a billion-dollar business in cloud subscription ARR [10] - The partnership with Databricks is expected to enhance enterprise modernization efforts and leverage AI capabilities [16][70] Management's Comments on Operating Environment and Future Outlook - Management remains optimistic about customer buying behavior and the health of the cloud pipeline despite a fluid macro environment [7] - The company has not seen a noticeable change in customer buying behavior through April [7] - Management reaffirmed full-year guidance, indicating confidence in achieving targets despite external challenges [40] Other Important Information - The company has implemented operational changes to improve cloud renewals, which have shown positive results [9][68] - The company is recognized as a leader in the 2025 Gartner Magic Quadrant for Augmented Data Quality Solutions [19] Q&A Session Summary Question: Clarification on full-year guidance and FX impact - Management clarified that the revised guidance is not a reflection of deteriorating business trends but a decision not to adjust for FX tailwinds [50][51] Question: Concerns about maintenance and self-managed ARR decline - Management indicated that the decline is expected and consistent with prior guidance, driven by natural churn and modernization efforts [52][54] Question: Cloud renewals performance - Management stated that cloud renewal rates were consistent with expectations and showed sequential improvement [57][58] Question: Net new ARR dynamics - Management explained that Q1 is typically smaller and the results were in line with expectations, with a larger Q2 anticipated [61] Question: Competitive landscape and partnerships - Management noted that the competitive dynamics remain stable, and partnerships, particularly with Databricks, are yielding positive results [70] Question: Impact of new data governance vendor acquisitions - Management downplayed the competitive threat from smaller vendors, emphasizing the fragmented nature of the market [82][84]

Financial Performance & Guidance - Q1 2025 revenue reached $64.7 million, exceeding the guidance midpoint of $63 million to $65 million[9] - Adjusted EBITDA for Q1 2025 was $0.2 million, surpassing the high end of the guidance range of negative $3 million to negative $1 million[9] - Recurring revenue accounted for 93% of total revenue in Q1 2025, amounting to $60.4 million[9] - The company projects Q2 2025 revenue between $57 million and $60 million, representing a year-over-year decline of 29% to 25%[20] - Full year 2025 revenue is projected to be between $240 million and $255 million, a year-over-year decrease of 23% to 18%[20] - Adjusted EBITDA for full year 2025 is guided to be between negative $14 million and $0 million, with an adjusted EBITDA margin of negative 5.8% to 0.0%[20] Business Highlights - There was a 14% sequential increase in customers leveraging LivePerson GenAI capabilities, along with a 25% sequential increase in conversations using these capabilities[9] - The company closed 50 deals in Q1 2025, including 45 expansion and renewal deals and 5 new logo wins[9] - Industries with high regulation, such as healthcare, financial services, and telecommunications, accounted for over 70% of deal values in Q1 2025[9] Operational Metrics - Average Revenue Per Customer (ARPC) for Q1 2025 was $640,000[17] - Net Revenue Retention Rate for recurring revenue was 80% in Q1 2025[17]

Financial Performance - In 2024, revenue increased by 14%, and the adjusted operating margin expanded by 310 basis points to 49% [12] - The company returned $4.4 billion to shareholders in 2024 through dividends and share repurchases [13] - In the first quarter of 2025, over $900 million was returned to shareholders through dividends and repurchases [14] Business Lines and Key Metrics - The energy transition and sustainability revenue grew to $359 million in 2024, indicating strong demand in this area [22] - The company is focusing on five key areas for investment: benchmarks, private markets, enterprise data, GenAI, and energy transition [15] Market Data and Key Metrics - The company acknowledges broad market factors such as trade conflicts and supply chain risks that may impact future performance [14] - There is a growing need for trusted benchmarks across debt, equity, and commodity markets due to geopolitical and macroeconomic risks [16] Company Strategy and Industry Competition - The company plans to separate its mobility division into a standalone public company, indicating a strategic shift [14] - The focus on GenAI is expected to enhance productivity and improve customer workflows, positioning the company favorably in a competitive landscape [21] Management Commentary on Operating Environment and Future Outlook - Management expressed optimism about the company's ability to navigate multiple scenarios and support clients amid changing market conditions [15] - The CEO emphasized the importance of fostering a culture of empowerment and innovation within the company [23] Other Important Information - The board approved a 5.5% increase in the company's regular dividend, continuing a 52-year history of dividend increases [13] - The company has established an enterprise data organization to better connect its vast datasets for enhanced client value [20] Q&A Session Summary - No shareholder questions were submitted during the Q&A session [53][54]

Financial Data and Key Metrics Changes - Total revenue for the first quarter of 2025 was $77.9 million, up 1% year-over-year, with revenues before reimbursements at $76.2 million, also up 1% [15][22] - Adjusted earnings per share were $0.41, at the high end of quarterly guidance, compared to $0.39 in the prior year [6][22] - GAAP net income for Q1 2025 was $3.1 million or diluted earnings per share of $0.11, down from $8.7 million or $0.32 in the previous year [20][22] - Adjusted gross margin improved to 43.4% from 41.4% year-over-year, driven by higher margin GenAI consulting and implementation revenue [19] Business Line Data and Key Metrics Changes - Global SMBT segment revenues were $43.4 million, with revenues before reimbursements at $42.6 million, a 6% increase year-over-year [15][16] - Oracle Solutions segment revenues were $21.1 million, with revenues before reimbursements down 3% year-over-year [16] - SAP Solutions segment revenues were $13.4 million, with revenues before reimbursements down 8% year-over-year, but expected to improve due to increased software sales [17] Market Data and Key Metrics Changes - Approximately 23% of total revenues before reimbursements were recurring, multi-year, and subscription-based revenues [18] - Days sales outstanding (DSO) increased to 73 days from 66 days in the previous quarter, attributed to extended terms on large client engagements [22] Company Strategy and Development Direction - The company is focusing on GenAI enabled transformations, viewing it as a generational opportunity that will change consulting services delivery [7][26] - The acquisition of Leeway Hertz and the development of the ZBrain platform are strategic moves to enhance GenAI capabilities [28][29] - The company plans to leverage its AI Explorer platform to integrate GenAI capabilities across all offerings, enhancing its competitive position [31][32] Management's Comments on Operating Environment and Future Outlook - Management noted that while demand for digital transformation remains strong, economic uncertainties and tariff negotiations could impact client decision-making [25][48] - The company expects IT budgets to increase, particularly for GenAI initiatives, with a shift from awareness to budgeted projects [25][26] - Management anticipates continued growth in GenAI revenue, with licensing revenues expected to start in July 2025 [51] Other Important Information - The company repurchased 379,000 shares at an average price of $30.93, totaling approximately $11.7 million [23] - A second-quarter dividend of $0.12 per share was declared, payable on July 7, 2025 [23] Q&A Session Summary Question: Can you elaborate on client interactions with AI Explorer and the pipeline for implementation projects? - Management highlighted unique capabilities in ideation and evaluation, leading to favorable client reactions and new engagements [38][39] Question: What is the current capacity for AI implementation and plans for scaling? - Management indicated a 60% to 70% increase in capacity since acquisitions, with ongoing hiring to expand resources [42][43] Question: What is the progress of the joint venture with ZBrain? - Management confirmed the addition of licensed clients to the ZBrain platform and expected to finalize the JV agreement soon [44] Question: How does economic disruption impact the business? - Management acknowledged the potential for clients to pause decisions due to economic concerns but noted strong engagement in GenAI capabilities [48][49] Question: What is the expected impact of GenAI on 2025 results? - Management expects meaningful growth in ARR and licensing revenues, with a focus on channel partnerships to enhance distribution [50][53] Question: What portion of AI revenue was implementation revenue in the quarter? - Management estimated a 50-50 split between implementation and ideation revenue, with expectations for implementation to grow significantly [61] Question: How is the pipeline looking for Oracle? - Management indicated that Oracle's activity is expected to be down, while SAP's momentum is improving [64]

Financial Data and Key Metrics Changes - The company reported total revenue of $77.9 million, up 1% year-over-year, with revenues before reimbursements at $76.2 million, also up 1% [13] - Adjusted earnings per share were $0.41, at the high end of quarterly guidance, compared to $0.39 in the prior year [19] - GAAP net income for the quarter was $3.1 million, or diluted earnings per share of $0.11, down from $8.7 million or $0.32 in the previous year [18] - Adjusted gross margin improved to 43.4% from 41.4% in the prior year, driven by higher margin GenAI consulting and implementation revenue [17] Business Line Data and Key Metrics Changes - The Global SMBT segment revenues were $43.4 million, with revenues before reimbursements at $42.6 million, a 6% increase year-over-year [13] - The Oracle Solutions segment saw revenues of $21.1 million, down 3% year-over-year, primarily due to the wind down of a large engagement [14] - The SAP Solutions segment reported revenues of $13.4 million, down 8% year-over-year, but expected to see strong demand due to increased software sales [15] Market Data and Key Metrics Changes - Approximately 23% of total revenues before reimbursements consist of recurring, multi-year, and subscription-based revenues [16] - Days Sales Outstanding (DSO) increased to 73 days from 66 days in the previous quarter, attributed to extended terms on large client engagements [20] Company Strategy and Development Direction - The company is focusing on GenAI enabled transformations, viewing it as a generational opportunity that will change consulting services delivery [6][24] - The acquisition of Leeway Hertz and the integration of ZBrain are expected to enhance the company's capabilities in GenAI solutions [25][27] - The company plans to leverage its AI Explorer platform to integrate GenAI capabilities across all offerings, enhancing its market position [29][30] Management's Comments on Operating Environment and Future Outlook - Management noted that while demand for digital transformation remains strong, economic concerns and tariff negotiations may impact client decision-making [23] - The company expects IT budgets to increase, with a focus on GenAI initiatives in high feasibility areas [24] - Management anticipates continued growth in GenAI revenue, with licensing expected to start in July [49] Other Important Information - The company repurchased 379,000 shares at an average price of $30.93, totaling approximately $11.7 million [21] - A second quarter dividend of $0.12 per share was declared, payable on July 7, 2025 [21] Q&A Session Summary Question: Can you elaborate on client interactions with AI Explorer and the pipeline for implementation projects? - Management highlighted unique capabilities in ideation and evaluation, leading to favorable client reactions and new engagements [35][36] Question: What is the current capacity for AI implementation and plans for scaling further? - Management indicated a 60% to 70% increase in capacity since acquisitions, with ongoing hiring to expand resources [39] Question: Update on the joint venture with ZBrain and any ARR contracts? - Management confirmed the addition of licensed clients to the ZBrain platform and expected to finalize the JV agreement soon [40] Question: How does economic disruption impact the business model? - Management acknowledged the need to address strategic cost reduction and efficiency in light of economic disruptions [44] Question: What is the expected impact of GenAI on 2025 results? - Management expects meaningful growth in GenAI revenue and licensing, with potential for accelerated growth through the JV [47][49] Question: What portion of AI revenue was implementation revenue in the quarter? - Management estimated a 50-50 split between implementation and discovery ideation revenue, with expectations for implementation to grow significantly [59] Question: Are you seeing cross-selling from GenAI consulting clients into other services? - Management confirmed cross-selling opportunities, integrating GenAI solutions into traditional digital transformation engagements [60]

Financial Data and Key Metrics Changes - Revenues for Q1 2025 were $60.4 million, a 0.5% increase from $60.1 million in Q1 2024 [8] - GAAP gross margin for the quarter was 64.8%, up from 64.4% in Q1 2024 [10] - Net income for the quarter was $4 million or $0.13 per diluted share, compared to $2.1 million or $0.07 per diluted share in Q1 2024 [10] - Non-GAAP operating income for Q1 was $5.4 million or 8.9% of revenues, down from $6.3 million or 10.5% in Q1 2024 [11] Business Line Data and Key Metrics Changes - Services revenues for the quarter were $32.6 million, up 3.4% year-over-year, accounting for 54% of total revenues [9] - The Enterprise UC and CX business accounted for 90% of revenues, with a 7% year-over-year growth in the Microsoft business [17] - The Conversational AI business grew over 10% year-over-year, with a strong pipeline of new wins and bookings [18] Market Data and Key Metrics Changes - Revenues by geographical region were: North America 8%, EMEA 30%, Asia Pacific 14%, and Central and Latin America 4% [9] - The top 15 customers represented 52% of total revenues, with 36% attributed to the nine largest distributors [9] Company Strategy and Development Direction - The company is focusing on two key strategic initiatives: growing the connectivity business and investing in conversational AI initiatives [16] - The goal for the conversational AI sector is to achieve 50% growth for the full year as opportunities mature [17] - The company is transitioning towards AI-powered voice services, with a strong emphasis on integrating advanced GenAI technologies [15] Management's Comments on Operating Environment and Future Outlook - Management noted that while tariffs have introduced uncertainty, they have not observed significant changes in customer buying patterns [21] - The company plans to withdraw previously provided annual guidance until tariff rates are finalized [23] - Management expressed confidence in navigating potential market challenges due to a strong balance sheet and a dominant connectivity franchise [42] Other Important Information - The company acquired 500,000 ordinary shares for approximately $5.2 million and declared a cash dividend of $0.18 per share [12] - The estimated tariff-related cost impact for 2025 is between $3 million to $4 million, with proactive steps taken to move manufacturing out of China [13][22] Q&A Session Summary Question: Tariff impact and proactive steps for manufacturing - Management confirmed plans to move manufacturing out of China to mitigate tariff impacts, expecting a reduced burden of $3 million to $4 million [47][48] Question: Trends in Microsoft ecosystem regarding Operator Connect vs Direct Routing - Management indicated a transition towards Operator Connect as the preferred method for connecting SBCs, with mild growth expected [50] Question: Strategy for Cisco opportunity and managing go-to-market dynamics - Management highlighted their long-standing relationships in the service provider space and ongoing projects, positioning them favorably against smaller competitors [52][53]

Financial Data and Key Metrics Changes - Revenues for Q1 2025 were $60.4 million, an increase of 0.5% compared to $60.1 million in Q1 2024 [7] - GAAP gross margin for the quarter was 64.8%, up from 64.4% in Q1 2024 [9] - Net income for the quarter was $4 million or $0.13 per diluted share, compared to $2.1 million or $0.07 per diluted share in Q1 2024 [9] - Non-GAAP net income for Q1 2025 was $4.7 million or $0.15 per diluted share, down from $5.2 million or $0.17 per diluted share in Q1 2024 [10] - Cash, cash equivalents, and marketable securities totaled $95.7 million as of March 2025 [10] Business Line Data and Key Metrics Changes - Services revenues for the quarter were $32.6 million, up 3.4% year over year, accounting for 54% of total revenues [8] - The Enterprise UC and CX business accounted for 90% of revenues, with a 7% year-over-year growth in the Microsoft business [16] - The CX connectivity business increased by 2% year over year [17] - The Conversational AI business grew above 10% year over year, with a strong pipeline of new opportunities [17] Market Data and Key Metrics Changes - Revenues by geographical region were split as follows: North America 8%, EMEA 30%, Asia Pacific 14%, and Central and Latin America 4% [8] - The top 15 customers represented 52% of total revenues, with 36% attributed to the nine largest distributors [8] Company Strategy and Development Direction - The company is focused on two key strategic initiatives: growing the connectivity business and investing in conversational AI initiatives [15] - The goal for the conversational AI sector is to achieve 50% growth for the full year as opportunities mature [16] - The company is transitioning towards AI-powered voice services, with a strong emphasis on integrating advanced GenAI technologies [14] Management's Comments on Operating Environment and Future Outlook - Management noted that while gross margin and profitability were lower than planned due to tariffs and increased R&D investments, the company is operating from a position of strength [41] - The company has withdrawn its previously provided annual guidance due to the fluidity of the tariff situation and plans to resume providing an outlook once rates are determined [12][21] - Management expressed confidence in achieving growth and profitability in the coming years, supported by a strong balance sheet and a dominant connectivity franchise [42] Other Important Information - The company acquired 500,000 ordinary shares for approximately $5.2 million and declared a cash dividend of $0.18 per share [11] - The estimated tariff-related cost impact for 2025 is approximately $3 million to $4 million, down from an initial potential impact of $10 million to $12 million [47] Q&A Session Summary Question: Plans regarding tariff impact and manufacturing relocation - The company plans to proactively move manufacturing out of China to mitigate tariff impacts, with steps already taken to shift production to other countries [46] Question: Trends in Microsoft ecosystem regarding Operator Connect vs Direct Routing - The market is transitioning towards Operator Connect, which is expected to become the preferred method for connecting SBCs [48] Question: Strategy for Cisco opportunity and managing go-to-market dynamics - The company has a long-standing presence in the service provider space and is confident in gaining market share due to its established relationships and competitive advantages [50][52]

Financial Data and Key Metrics Changes - In Q1 2025, Fubo's North American streaming business had 1,470,000 paid subscribers, down 2.7% year over year, but exceeding the guidance of 1,460,000 [6][7] - Total revenue in North America was $407.9 million, up 3.5% year over year [7] - Net income from continuing operations was $188 million or $0.55 per diluted share, compared to a net loss of $56.3 million and a loss per share of $0.19 in the prior year [12] - Adjusted EBITDA was negative $1.4 million, a $37 million improvement year over year [12] - Free cash flow improved by $9 million year over year to negative $62 million [13] Business Line Data and Key Metrics Changes - Advertising revenue for the quarter was $22.5 million, down 17% year over year, largely due to the discontinuation of Warner Bros. Discovery and TelevisaUnivision Networks [11] - The company is focused on providing multiple and flexible packaging options, including skinny bundles [9][10] Market Data and Key Metrics Changes - For Q2 2025, North America guidance projects subscribers of 1,225,000 to 1,255,000, reflecting a 14% year over year decline at the midpoint [13] - For the Rest of World segment, Q2 guidance projects subscribers of 325,000 to 335,000, down 17% year over year [14] Company Strategy and Development Direction - The company is committed to achieving profitability in 2025 and is focused on optimizing its aggregated content platform [11][15] - Fubo is working on a combination with Hulu plus Live TV, which is expected to enhance competition and consumer choice in the pay TV space [8][10] - The company aims to launch a new skinny bundle service for the fall sports season, featuring content from both Disney and non-Disney programmers [10] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the subscriber growth opportunities with the introduction of skinny bundles and the ongoing negotiations for content [21][22] - The company noted that the impact of losing certain content providers would continue into the second quarter but expected the impact on subscriber base to be more modest over time [20] - Management highlighted that profitability remains the focus, even amidst challenges in the media landscape [11][15] Other Important Information - The company has improved its global profitability metrics by more than $100 million for the trailing twelve months [8] - The company is seeing solid interest in its Latino package after lowering its price [19] Q&A Session Summary Question: Update on content discussions with Televisa Univision - Management stated there are no new updates but remains open to discussions under acceptable terms [18] Question: Impact of macroeconomic conditions on subscriber growth and advertising - Management indicated that churn for the English package is slightly better year over year, and reactivations were better than expected in April [27] Question: Concerns about the Rest of World segment and its future - Management emphasized the importance of profitability over growth and is focused on building a unified platform for international expansion [32][34] Question: Explanation for the decline in advertising revenue - Management clarified that the loss of ad-insertable hours from certain networks directly impacted ad revenue, but normalized figures would show slight growth [36] Question: Performance of gamified ads and advertiser interest - Management reported a 30% year-over-year increase in interactive ads and noted strong interest from advertisers despite tightening budgets [40][42]