Darren Aftahi: Great. Thank you. I’ll pass it on.
Barrett Garrison: Thanks. Darren.
Operator: Our next question comes from Omar Siddiqui with Bank of America. Please go ahead.
Unidentified Analyst: [technical difficulty] for Omar. Thanks so much for the question – for taking my question. So I know you guys are were working on – working with some of the supply partners in the U.S. to fill demand from the Chinese e-commerce players like TMall like you guys have touched on that a little bit in the prepared remarks. I’m just wondering if there has been any progress there. And just in terms of timeline like when should we expect sort of the hurdles to clear out? Thanks.
Bill Stone: Yes. So, our expectation is that we’re going to see some positive progress in the current quarter, and we do not bake that into our outlook, just because it’s not here yet. If it happens, then that’s great. But your expectation is we are seeing a positive movement in the current quarter. But I think as we go into next year, we’re going to see some improvements there. We continue to see a lot of popular Chinese apps that want to run on U.S. supply. You were given some of the historical geopolitical things we’ve seen throughout the balance of this year that’s really limited the dollars that we’ve been able to run on that. It does vary by partner. So partner X has maybe a little more conservative view then partner Y on these things and then even within the apps themselves.
So there’s really two impacts there. One is the actual dollars from the Chinese, the popular Chinese applications. But the other thing is the rising tide lifts all boats, meaning that the rates that others now have to pay when there’s higher rates coming in from them. So there’s kind of a double whammy there. So we’re obviously working hard to derisk that with our operator partners because our expectation is that’s something that could be a material driver for us on our OES business.
Unidentified Analyst: Great. Thank you very much.
Operator: Our next question comes from Anthony Stoss with Craig-Hallum. Please go ahead.
Anthony Stoss: Hi, guys. Bill, over the last couple of quarters, you’ve talked about a large social media company expected to go live with SingleTap by the end of this year. Can you update us where they stand? And then I have a couple of follow-ups.
Bill Stone: Yes, sure, Tony. Yes. Unfortunately, a large social media company doesn’t want me making any statements on their behalf so unfortunately I can’t make any statements here today around that. I’d like to – so I kind of say stay tuned, nothing has changed from our prior comments or remarks. We continue to have good relationships there, but unfortunately nothing I can say specifically on the topic today.
Anthony Stoss: Got it. And then just I’m going to pick one of your SingleTap customers, Amazon. I think they’ve been live for maybe just short of a year. Talk to us about what the experience has been, do you expect them to renew? What do you expect pricing? Because it seems like you’re not generating a lot of revenue yet from SingleTap, more or less giving it away or attractive prices to get them hooked. I’d love to hear kind of the experience of your customers who have been using it for, say, a year or less.
Bill Stone: Yes, sure. So Amazon specifically today what we do with Amazon is we have a licensing deal with Amazon where they pay us a fixed fee, let’s call it you seven figures a year in revenue to distribute the alternative versions of the Amazon apps, so, and then the store itself. So think about things like Prime and Audible and so on. And that relationship has been going great, with Amazon. Our next step with them is to expand it to third-party applications. So think Candy Crush, Uber, Starbucks, that kind of thing and that would be kind of next leg of the relationship there that would have a different monetization with them and so we’re working through some of those integration details right now. But I characterize relationship is in a good spot. I think we all want to see things move faster than what we’re seeing right now. But in terms of delivering the conversion rate benefits that they expect we’re absolutely seeing that in the marketplace.
