Kutgun Maral

“I was hoping to get more color on the operating and cost transformation plan.”

“And now that we're approaching the roughly one-year mark with the Amazon deal, I was wondering if you could expand on how that relationship has progressed and whether your experience with that agreement has impacted your broader philosophy with AI platforms?”

“I wanted to ask another one on advertising. You made a lot of progress building out the ad business with new capabilities and innovative partnerships. But it still feels like that opportunity doesn't get full attention from investors given the much larger satellite subscription revenue base.”

“First, Gen AI is clearly progressing quickly and dramatically. Short form clips don't threaten the core of your studios today, but future length personalized stories could become feasible.”

“So first, it seems like every other day, you're inking new and attractive deals. Looking at the year-to-date team payment trends, it seems like the full year budget is tracking exactly in line relative to the first 2 quarters of the year.”