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the makes remains the it However, businesses. for management pandemic performance the ultimate impact of future quite unusually our of challenging fluid estimate to and
a on the will focus As result of comments our be the second quarter.
where we're Beyond activity and they'll and and in on variables predict in conditions the a U.S. ability the just the second not and to quarter such position to ease key restrictions have begin assumptions our economic globally shelter-in-place to make production. impact or the when resume advertising as about
and the second the seen to advertising National revenue respect impact. clearly Networks at most With the immediate quarter, has adverse significant
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international the we later had but the delayed in the to recognizing second that instance quarter, of Beyond, has anticipated For from revenue in been year. World distribution
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International our businesses At and be in impacted. Other we three expect particular segment, to
As in subscriber both Josh increase usage of and discussed, services acquisition. SVOD significant activity our are in seeing a targeted terms
comedy meaningful and from closed this the second quarter. are activity so any business we expecting Levity, the is contribution not At in are production revenue venues the suspended,
expenses expect will modest in that decrease AOI impact. in offset revenue in we a a resulting substantially only reduction However, the
seeing As for what dynamic we experiencing are our the we revenue to similar networks, U.S. are international on in advertising
revised expect free terms as full flow full in spend we above earlier, We project free cash programming from now cash deferral of the benefit year AOI. we as XXXX outlook. be a taxes reduction in than mentioned I well as In cash a of XXXX as decline the more levels our to year to offset
conclusion, our feel ability flow. our in healthy confident the we sheet and weather about strong pandemic to given free overall, balance So our cash
period further business focus that uncertainty see taking of advantage we of while opportunity Our through to our positioning of to strategic on and long-term positioning. get pockets the also remains this initiatives
