The following is excerpted from the question-and-answer section of the transcript.
(Questions from industry analysts are provided in full, but answers are omitted - download the transcript to see the full question-and-answer session)
Question: David Joyce - Seaport Research Partners - Analyst
: On the -- a little bit more color on the content front, please. Given that TelevisaUnivison so did say on their earnings call that they would look
forward to being in discussions with you again. Is there anything new that you can report on that front since they expressed that interest?
And also on the content side, how are you progressing on getting your programming contracts all realigned for skinnier packages and time for
the football season?
Question: Clark Lampen - BTIG - Analyst
: For David or John, I'll sort of ask the obligatory macro question, and curious if you guys have seen any impact 2Q to date or whether maybe you
expect as a result of some lag effect impact, any impact on your gross additions churn or on the ad side of your business demand in the US?
And then for 2Q, John, I don't know if it's possible to quantify for us or give us a sort of even directional sense for what 2Q growth would have
looked like had you not had the Copa America and Televisa impact that might be challenging to quantify, but would just be curious, I guess, if you
Question: Laura Martin - Needham & Company - Analyst
: Okay. So David, I wanted to ask you about Rest of World. We've got the Rest of World subs down 11% for the last six months now. ARPU is down,
revenue is down. I know this was -- my recollection is sort of was an (inaudible), but is this business just going to shrink structurally? And how are
you thinking about Rest of World?
And then also for you, David, I wanted to know about Gen AI. What are you guys doing with Gen AI integrating some of the new forms? Are you
doing anything with creative or advertising using Gen AI tools?
And then John, for you, ad revenue down 17% sort of disappointing, and I didn't understand why it mattered if we dropped certain networks? Do
you guys have plenty of networks? So why would -- did they have some kind of commitment where they had to advertise with you because you
have plenty of ad inventory. So I don't understand why losing two big content players would actually drive ad revenue down 17% year-over-year.
Question: Alicia Reese - Wedbush Securities Inc. - Analyst
: I have a few as well. On the ad spend, I was wondering if you could dig in a little bit on how your gamified ads are tracking and how you can get
more advertiser interest, while the budgets are tightening with features such as that. If it's gotten much traction so far, we had heard in the quarter
that it has. Could you just double click on that, I'd appreciate it.
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