“And as Bob mentioned, we are confident in our long-term subscriber guidance of 230 million to 260 million Disney+ subs by fiscal 2024.”

In context

“rights costs and higher programming fees at Hulu Live. At Disney+, while we still expect higher net adds in the second half of the year versus the first half, it's worth mentioning that we did have a stronger-than-expected first half of the year. Additionally, note that some of the Eastern European markets were launching in towards the end of Q3, including Poland, are in regions being impacted by geopolitical factors. As it relates to content spend, we previously stated that we expect fiscal year 2022 cash content spend to total as much as $33 billion. We've adjusted that amount to as much as $32 billion to reflect a slightly slower cadence of spending than anticipated during the first half of the year. Note that we are still expecting a strong content slate in the back half of the year. And as Bob mentioned, we are confident in our long-term subscriber guidance of 230 million to 260 million Disney+ subs by fiscal 2024. We also still expect that Disney+ will achieve profitability in fiscal 2024. And with that, I'll turn it back to Alexia, and we would be happy to take your questions. Alexia Quadrani: Thank you, Christine. We are happy to be back here in person for this call. But to make it easier, I will help direct the questions. We ask that you please limit yourself to one question in order to help us get to as many analysts as possible today. And with that, operator, we're ready for the first question. Operator: Your first question is from Brett Feldman with Goldman Sachs. Brett Feldman : Bob touched on pricing to some degree during his comments. So I thought we could come back to that. One of the questions we've been getting is, how do you think about the right cadence for revisiting pricing on Disn”