I’ve looked at the financial goals for 2025 STIP from the last proxy report and have been tracking them all year. It seems likely that the year should exceed 100% of all 4 financial goals. But of course with the new regime who knows what will happen. Thoughts?
STIP 2025 annual metrics as of 3Q25
Adjusted OIBDA $3.1b now 2.46b
1Q $688m
2Q $824m
3Q $952m
Free cash flow $250m now 255m
1Q $123m
2Q $117m
3Q $15m
DTC OIBDA ($837m) now 388m
1Q ($109m)
2Q $157m
3Q $340m
DTC revenue $7.8b now 7.06b
1Q $2.74b
2Q $2.16b
3Q $2.16b