Jim Hardiman

Is that delta primarily just the outsized mix of the Caribbean in Q1?

I would think that given your relative exposure to some of your peers in Europe that maybe that's a net benefit to you guys?

I would think would mean that you're now ahead on bookings. So but I think you're still in line.

connect the dots between some of the programs that you've been talking about, Josh. Right? The AIDA evolution program and some of the things going on with Carnival

you anticipate where we sit today having to to to meaningfully change any itinerary

Should the narrative ultimately be that that you saw a little bit of a lull in booking demand, but that you held strong on pricing throughout.

can you give us any indication of what you think the long-term opportunity is there, specifically kind of how you guys think about the return profile for Celebration Key

outside of bookings and onboard spend, which you've talked about, are there any other forward indicators that you think might be a good indicator of your consumer sentiment

is there anything quantifiable that we should be thinking about that would weigh on per diems as we work our way through the year

how much of that organic turnaround do you think it's a function of sort of factors taking place in the industry versus, I don't know, self-help

maybe help us unpack sort of the structural margins of Wizards versus sort of the or at least the tabletop business versus, you know, some of these other offsets

what are you assuming from a point of sale perspective? And are there any sort of tailwinds as we think about whether it's inventories being a little depleted heading into the year?

this KPop Demon Hunters' press release did mention Wizards of the Coast. would curious what the thoughts are there

Where are retailers with respect to your product versus last year?

One is the direct import versus domestic, which I think you believe is more just a timing issue which you should get back in the second half

maybe help us understand the CPX exposure to the rest of the world specifically those ten percent tariff countries, and how you think about, again, moving production out of China.

GFC level industry declines and COVID level inflation is that also sort of what's built into this unchanged EBITDA guide?

The cost savings number that you've laid out there, $175 million looks like a lot of that's going to fall through to the bottom line, maybe two-thirds of that.

I was getting to something in the $1.3 billion, $1.4 billion range but that didn't really account for the step-up in D&A. So should it ultimately be higher than that number

I am assuming we should maybe still be modeling February to be down in terms of yields

do we still need trends to improve from here

you did 105% roughly in 2024, that's going to be mid-103 range in 2025. What's that look like

I wanted to sort of zoom in on the idea that we're turning the corner

Maybe if you could help us think about your business sort of organic versus inorganic

How should we model those going forward? I'm assuming that the new build piece goes up with capacity

10 ships, you're going to start in 2027. I'm assuming all 10 ships won't be up and running by 2027

do you think this does anything to help or hurt incremental licenses, or could this maybe allow you to be the only show in town for even longer?

Other projects, are they keeping pace with you? Are there other projects being greenlighted in an environment like this?