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1、2nd Quarter 2025 ResultsJ u l y 3 1,2 0 2 5IMPORTANT INFORMATION2Caution Concerning Forward-looking StatementsThis presentation includes statements that may constitute“forward-looking statements”within the meaning of the Private Securities Litigation Reform Act of 1995,Section 27A of the Securities

2、Act of 1933,and Section 21E of the Securities Exchange Act of 1934.Forward-looking statements are not historical facts or statements of current conditions,but instead represent only our beliefs regarding future events,many of which,by their nature,are inherently uncertain and outside of our control.

3、These may include estimates,projections and statements relating to our business plans,objectives and expected operating results,which are based on current expectations and assumptions that are subject to risks and uncertainties that may cause actual results to differ materially.These forward-looking

4、 statements are generally identified by words such as“believe,”“project,”“expect,”“anticipate,”“estimate,”“intend,”“potential,”“strategy,”“future,”“opportunity,”“commit,”“plan,”“goal,”“may,”“should,”“could,”“will,”“would,”“will be,”“will continue,”“will likely result”and similar expressions.In evalu

5、ating these statements,you should consider various factors,including the risks and uncertainties we describe in the“Risk Factors”sections of our most recent Annual Report on Form 10-K,our most recent Quarterly Report on Form 10-Q and other reports we file with the Securities and Exchange Commission.

6、Factors that could cause our actual results to differ materially from these forward-looking statements include changes in and/or risks associated with:the competitive environment;consumer behavior;the advertising market;consumer acceptance of our content;programming costs;key distribution and/or lic