Operator: Your next question comes from the line of Darren Aftahi from ROTH Capital Partners. Your line is open.
Dillon Heslin: Hey, good morning. This is Dillon for Darren. Thanks for taking my questions. And could you talk a little bit about on the advertising side, what the contribution was from political and the World Cup as well given those are more cyclical in nature?
John Janedis: Yes, I’ll start. I don’t know if I have a World Cup number here, but I would tell you that we’ve talked about political. That number, it was around, I think, $4 million or so for the fourth quarter. I don’t have the World Cup number in front me, I am not sure David does, but we can get that to you later on.
David Gandler: Yes. We typically package up World Cup with other sporting events throughout the quarter. So €“ but we can certainly get back to you on that.
Dillon Heslin: Great. Appreciate it. And as a follow-up, when you sort of look at the guidance with subscribers, could you maybe provide some more color on the churn or just the drop-off in Q1 sort of how do you think about what’s from the price increase, what’s maybe World Cup subscribers? And then is any of it related to subscribers who might have been with you for over a year now rather than the typical seasonality from second half to first half?
David Gandler: I’ll take that one. So Q1 has a lot of noise in it, and we were attempting to be somewhat conservative given all the nuances and I’ll just give you kind of five in my view, five nuances that we needed to think about as we went into the guide. One is we pulled forward on the World Cup cohort, we had €“ first of all, I’d say, quadrennial event. And not only that, it also happened in December. So, if you think about that as a pull forward, that was one item that we had to think about as it relates to Q1. The second item is the obvious seasonality of our business with the Electro and the Super Bowl closing out in February, which typically is a weaker quarter in terms of subs historically for the virtual MVPD space.
The third is the price up, which was a relatively larger price up than we typically would price up. And then also the timing of the price up which we mentioned earlier, was the fourth item. And then last, but not least, which we did not prepare for which is the CBS affiliate situation, which caused somewhat wide surprise. And therefore, when you put these five things together, we just felt we should be slightly more conservative. But historically, for most quarters, I think we have guided appropriately. And then as in the last quarter, we were able to exceed guidance. So, in terms of €“ and the reason why I am a little bit more comfortable right now, although we only have about four weeks of our new pricing in play, we have been tracking our retention and churn levels daily, and they are performing very well relative to our initial forecast.
And so obviously, there are some time delays February 28th, obviously, is an important day because it is the last day of the month and typically includes churn for end of the month for the 31st, the 30th, the 29th and the 28th. So, there is four sort of churn date all in one. So, that’s the reason why we decided that we would rather stay somewhat more conservative, but we feel really good about the quarter, and we feel very good about the year.
Operator: Your next question comes from the line of Nick Zangler from Stephens. Your line is open.
