Total SG&A decreased 6% XFX behind reduced marketing and travel and entertainment spend.

Nov 5, 2020 / receipt, needs a key / Gunnar Wiedenfels, CFO | earnings call 2020-11-05 | transcript 39d279ff-f03e-4ebe-8368-26fec36b3f70 | chars 14252-14340 | segment 14

T&E was also minimal during the quarter, as the vast majority of our employees continued to work from home and travel was virtually stopped. As we continue our office openings around the globe and employees return to more of a business as usual cadence, inclusive of travel, Incremental spend should be expected, though it is reasonable to envision this returns rather slowly.

Aug 5, 2020 / receipt, needs a key / Gunnar Wiedenfels, CFO | earnings call 2020-08-05 | transcript a615e502-7095-4758-83e4-bfef1439e129 | chars 18885-19261 | segment 19

I would start with, let's call them the wind faults, travel, T&E overall, events, some marketing, real estate, etc., A lot of that, obviously, was a windfall and is going to come back if and when we start opening up again.

Aug 5, 2020 / receipt, needs a key / Gunnar Wiedenfels, CFO | earnings call 2020-08-05 | transcript a615e502-7095-4758-83e4-bfef1439e129 | chars 36417-36639 | segment 37

We are also refining all marketing and personnel-related expenses as we've implemented a hiring freeze and, as you could imagine, T&E spend is minimal currently.

May 6, 2020 / receipt, needs a key / Gunnar Wiedenfels, CFO | earnings call 2020-05-06 | transcript ad6abc09-9521-4f9e-8193-ba68784886bb | chars 19304-19465 | segment 19

Best-in-class Adj. EBITDA margins and robust Adj. EBITDA to free cash flow conversion

ir_statement / Sep 6, 2026 / receipt

Healthy financial momentum underpinned by a $3B+ Adj. EBITDA target for Studios and continued scaled profit growth at Streaming

ir_statement / Sep 6, 2026 / receipt

▸Best-in-class Adj. EBITDA margins and robust Adj. EBITDA to free cash flow conversion

ir_statement / Sep 6, 2026 / receipt

▸Healthy financial momentum underpinned by a $3B+ Adj. EBITDA target for Studios and continued scaled profit growth at Streaming

ir_statement / Sep 6, 2026 / receipt

▸Strong subscriber momentum fueled by high-quality global tentpoles along with local language content and sports

ir_statement / Sep 6, 2026 / receipt

▸Unrivaled global scale with 1.1B unique viewers

ir_statement / Sep 6, 2026 / receipt