2024 growth expected to be more weighted toward 2Q and 3Q compared to previous years. 2024 capital expenditures estimated to be $540M, in line with prior years as a percentage of revenue. Approximately two-thirds will support revenue-generating projects, driven primarily by the expansion of and investment in our global venue portfolio. Four venues account for approximately one-third of this spend with total expected returns over 20%. Foreign exchange rates not currently expected to materially impact 2024 revenue, operating income or AOI.
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