Joey Levin: I’ll let Chris do the gross-to-net of say, we are collecting the money from the homeowner and then we are paying the service professional, but it is correct that it has to be recognized in that based on the way the terms and conditions work now. And I’ll let Chris do more on that, but on Dotash Meredith and the long-term growth rate, we do expect to grow faster than the digital advertising market and we should grow faster than the market. Again, right now, there’s a lot of things going on with the integration and getting us to the right place, but we are still €“ all of our content is clean content meaning it’s all created by us. It is safe content. It is not covering controversial topics. It is good safe clean places to put advertising dollars at scale, number one.
Number two, we don’t need personally identifiable information. That is a good trend in our favor. We have intent on our content and I think that that will make it a good place to spend to ad dollars. And the other one is that we have performance on our content. And that’s when we literally €“ when people are clicking through and making a purchase from our site to where people are doing research on and purchasing later, but they’re researching things that they are considering where they are considering making a purchase. And I do think that with that focus with that intent, with that trend of not meeting the PII, I think we’re in the right place in this market to be taking share over time.
Christopher Halpin: Youssef, on the terms of conditions and revenue recognition, we viewed this as we’ve been looking to align in terms of conditions across our various business lines of Angi for a while. And we viewed this resetting moving away from complex money losing share services and really driving behind simpler higher volume services as an opportunity to reset a number of things. In aligning the season fees between ads and leads and services, the accounting literature is clear that we are not a principal. We’re providing the connection and a number of customers and pros have renegotiated or re-jiggered services over time based on expanded scope or when they’re there. So, just formalizing that element, but it is clear that under the literature where we’re not a principal, it should be recognized on a net basis.
Youssef Squali: That’s going to be .
Christopher Halpin: Yes. Correct.
Youssef Squali: Great. Thank you, both.
Christopher Halpin: Thank you. Operator, one last question.
Operator: And our last question today comes from Tom Champion with Piper Sandler. Please .
Tom Champion: Hey, good morning. Joey, appreciate all the detail around Angi and you digging in there. It sounds like you intend to run the business indefinitely. Just curious if you could update us on your thoughts there and also, the letter includes some interesting comments around M&A, I’m wondering if you could just flush that out a little bit? Any thoughts there would be much appreciated. Thank you.
Joey Levin: Sure. Two good ones. We are not actively searching for a CEO at Angi right now, but that doesn’t mean I plan to be in the job forever. I think we want to get to a good stable growing place. And when we have that, we can to find the right leader for the business, whether internally or externally. We’ve made some important hires there. We’ll continue to make some important hires, which gets a lot more leverage out of me into the business. And as you know, as I said earlier, Chris and others stepping up at to cover other things. So, right now that is working and I’m enjoying the work. I’m doing at Angi, and I think we’re making great progress. And so, I’ll continue to do it, as long as it’s necessary, but that certainly is not forever.
