Anthony Bonadio

“I wanted to ask about margins and specifically commodity pressure. A lot of your peers have talked about headwinds there, sort of into the front half of next year, just given price moves we've seen in freight and metals pricing.”

“So just on commodities real quick, I know there's a lot of uncertainty, but just thinking about 27, that seems like a key variable. Can you just talk about the timing of hedging?”

“I wanted to ask about 27 sets and specifically Marvel Darkhold. I know you guys sort of talked about the alignment of Marvel sets and your fan base. This one seems like it might be a little more synergistic.”

“Thanks for taking my question. and not to beat a dead horse on the lift tickets, but just given the cost levels there that you just mentioned, I guess is there any concern around how the consumer backdrop's evolving as we think about rising rates, re-accelerating inflation, as you forecast that demand, and just how…”

“I guess to start, just a clarification, can you just talk a little bit more about the shift of that $40 million in user acquisition spent in 2027? Just what drove that decision as it pertains to guidance?”