“Peak losses, we expect peak losses -- as of today, we expect Disney+ to reach peak losses in this current fiscal year '22.”

In context

“stine, there were higher DTC and Disney+ programming costs than we expected this quarter. Can you give us some direction of where to go in the fourth quarter? And when should we expect those Disney+ operating income losses to peak? And then second, if you could dig into the guidance to acceleration of subs in the fourth quarter. I think that's an acceleration in the total subs and then you set a higher mix of growth toward domestic? Thank you. Christine McCarthy: Okay. Let me start first with the acceleration of subs. I did mention that that we expect acceleration of subs to be -- especially in the domestic market to be modestly above where we are now. But you will see growth in Q4 and we feel good about that because of the content releases we have and just the existing shows that are on. Peak losses, we expect peak losses -- as of today, we expect Disney+ to reach peak losses in this current fiscal year '22. So that is something that is consistent with what we've previously said. As it relates to higher costs of content and programming, we have said that, we have -- this is a peak year of losses which includes those costs. But also, we expect as we go into developing our full slate that the next quarter you will see a similar increase year-over-year that you saw this quarter. Alexia Quadrani: Thank you. Next question please. Operator: And that question is from Brett Feldman from Goldman Sachs. Please go ahead. Brett Feldman: Hi. Thanks. And if you don't mind I'd like to follow up with the question about the ad experience on Disney+. And it's only two things, I was hoping you could comment on. The first is, would you expect to potentially display ads alongside any of the content? Some of that”