We’re going to continue to pay down debt, we’re going to continue to grow those businesses as we have been growing those businesses. And I think we’re uniquely positioned on the supply side of the business for where the business is going, and we’re very diversified.
Jason Lublin: I would just add has already said, that’s very helpful. Really our first — our first full year operating as a public company in the backdrop of a tough macroeconomic environment. We’re putting a guide out double-digit revenue growth, double digit EBITDA growth for 2023. We’re really just focused on continuing to operate the business and operating the business and making the right decisions for the business over the long term.
Kutgun Maral: Yes. That’s great. Thank you both. And I had another question on the representation business and was hoping you could help unpack that segment a bit. I assume the core agency business is about maybe two thirds of the segment followed by market and licensing. Jason, if I heard you correctly, earlier you mentioned that 50% of the agency business revenue comes from non-TV and film. I assume that’s perhaps across fashion, sports, comedy and music, but I’m not sure we on the outside might have a view on the industry content spend environment overall, but maybe we’re a little bit less clear on what the growth trajectory of the rest of the 50% of the business looks like. So, any color there would be appreciated. Thank you.
Jason Lublin: We’re not going to give sub segment information as far as what the breakout of the revenue is, but we have stated before that it is the biggest, biggest part of the representation business. And the agency is very diversified. You have TV, film, tour, music, books, theatre, lectures, et cetera, et cetera. So, we’re getting, we’re seeing growth in all segments of our representation business. I mean, and quite frankly accelerated growth in some segments outside of TV and film as well. So, we feel really good where we sit in the space and the divers, the diversification of the platform.
Operator: The next question comes on the line of Tom Champion with Piper Sandler. You may now proceed.
Tom Champion: Hi. Good afternoon. Appreciate on the color on UFC into next year. It sounds like maybe there’s a margin headwind, but just curious if there’s a way to think about top-line growth over the next year or two, up until the renewal period and the key drivers of that growth, whether that be events, sponsorships, the key drivers there. Maybe a second question, if I can. Two quarters removed from the close of OpenBets acquisition. Just curious, any, early learnings there or other synergies you’re, you’re finding in the business? Thank you.
Ari Emanuel: So, on the UFC, we went from, I’ll just give you some headlines. We went from eight figures to nine figures. There’s still more on the sponsorship side. We can do international sales. I think, as Jason mentioned in his open remarks, we’re up over a 100%. We’re — I’m not commenting on the domestic deal. We’ve had 29 sellouts in a row we’re doing great yield management on our ticket sales. We’ve just added on location. Our licensing business is going exceedingly well. We’ve sold fight path and Ultimate Fighter also we’re, remember we have the commercial pay-per-view rights in the United States, and we have the pay-per-view rights internationally with flight paths. So, there’s a lot of driver there that have continued upside for the business without even discussing the domestic deal. And what was the second question?
Tom Champion: No, as far as — Just curious, any questions — open bets, early learnings, just any comments there?
