“Q1 will be negatively impacted, of course, by the combination of the two hurricanes as well as the prelaunch cost for the Treasure. So Q1 will be negative.”

In context

“g optimistic about the migration is that live is extremely, extremely attractive to advertisers today and live sports, in particular. So if you look at what's going on today, not just with ratings, but with interest from advertisers and then you look at the ad technology that we've already built and that we're continuing to improve, and you consider what that can do in an app-based world, not just in a linear world, the value we can deliver not just at our viewers or customers, but also to our advertisers will be very compelling. So highly customized, highly mobile, fully integrated with all kinds of features and in my opinion, the best product the consumer has ever seen in sports. Hugh Johnston: Hi, Ben, it's Hugh. Obviously, for Experiences of why we guided to six to eight for the year, Q1 will be negatively impacted, of course, by the combination of the two hurricanes as well as the prelaunch cost for the Treasure. So Q1 will be negative. As we move through the course of the year, we'll move to positive in Q2 and then see further strengthening over the course of the year. The drivers on that are, number one, obviously, the Treasure is coming in, and we'll see continued strengthening from that. Number two, are we overlap our Q4 labor cost in Disneyland Resort. So that will be a positive from a lapse perspective. And then number three, we do expect the consumer to gradually strengthen through the course of the year. We also know that the bookings that we have in the back half of the year are positive right now. So we're optimistic about how bookings are looking as we get into the back half of next year. So hopefully, that's helpful. Carlos Gomez: Thanks, Ben. Operator, next question, please. Operator: Yes, sir. And our next”