Financial Performance - The company's total revenues increased by 9.7% year-over-year, reaching $686 million in Q2 2025, compared to $625 million in Q2 2024 [11] - Adjusted operating profit (AOP) grew by 27.8% year-over-year to approximately $134 million [8, 11] - AOP margin increased by approximately 280 basis points year-over-year to 19.5% [8, 42] - Adjusted diluted earnings per share increased to $0.58 in Q2 2025, up from $0.45 in Q2 2024 [11] - Adjusted operating costs (AOC) grew by 6.1% year-over-year [8] Subscriber Growth - The company added approximately 230,000 net digital-only subscribers in Q2 2025, bringing the total subscriber count to 11.88 million [8, 13] - Bundle and multiproduct subscribers now constitute 51% of the company's total subscriber base, an increase from 49% in Q1 2025 [8] - Total digital-only average revenue per user (ARPU) increased by 3.2% year-over-year to $9.64 [8] Revenue Streams - Digital-only subscription revenues increased by 15.1% year-over-year [8, 26] - Digital advertising revenues increased by 18.7% year-over-year [8, 33] - Affiliate, licensing, and other revenues increased by 5.8% year-over-year [8, 34] Free Cash Flow - The company generated strong free cash flow, with $455 million for the last twelve months ended June 30, 2025 [44]