So that’s the strategy within marketplace, our marketplace businesses, I should say. If you think about the strategy that Doug is articulating for MyLendingTree, it’s very consumer centric. And historically we have been guilty of really thinking about MyLendingTree as more of a marketing channel. So if part of your question is, is this a pivot, I would say that this is a meaningful change in terms of how we think about MyLendingTree. And what you’re seeing is the beginning of the work that’s been going on for the last year, in terms of where we want to play on the MyLendingTree side, how we want to help consumers. And while marketplace may have a slightly different strategy that is very oriented towards partners, and what they want to see, you can understand how the two interact.
At the end of the day TreeQual is all about authentication in the marketplace. The Win Card, but it’s also on the consumer side about giving you an assured outcome, as opposed to a potential denial. The Win Card is about that as well. And so I actually think the two strategies work hand in hand quite well and that’s actually the best approach that we could take.
Michael Grondahl: Got it. Hey, that explanation was really helpful. Thanks, guys.
Operator: Please stand by for our next question. Our next question comes from Jamie Friedman with Susquehanna International Group. Your line is now open.
James Friedman: Hi, good results in a difficult environment. I just wanted to ask if you could possibly Trent, double click on the assumptions on Page 8 in the shareholder letter. Especially or specifically, if you could with regard to the quarterly cadence. I realized we had the first quarter, we’ve got the year, but some of these segments have what looked like increasingly easy comps, so since we have to cauterize our models for this year, any call outs you could make on the segments by quarter? Thank you.
Trent Ziegler: Yeah, totally fair question. Obviously, the Q1 guide, relative to the full year guide implies some improvement throughout the year. A couple of things going on there. I guess, in consumer, many of those businesses have a seasonal curve to them were things generally improved from Q1 to Q2 to Q3 and then slowed down a little bit in the fourth quarter. We see that in credit card generally, we see that in personal loans, for sure. And so that’s driving some of the sequential improvement that’s implied as we progress throughout the year. The other big one is obviously within Home and within mortgage in particular, given our increased reliance on purchase within that business, that’s a business that clearly we expect to be better in the spring and summer home buying season than in the first couple months of the year.
Operator: I show no further questions at this time. I would now like to turn the conference back to Doug for closing remarks.
Douglas Lebda: I’ll make this brief. This company right now, as I characterize 2023 is really the year of discipline and execution. I want to also everybody to know that we’re confident in our position, we have been through this twice before as financial markets have corrected. This is a longer one. And the diversification that we have put in place over the last few years has certainly helped bulwark the company in what’s a very, very tough environment. And what I can tell you is this entire company doesn’t like to lose, we love winning. We are very focused, teams are all working hard, we’re getting stuff done at the lowest cost as fast as possible with new ways of working together and the team, the entire company is highly energized.
We’re trying to — we’re getting people back to the office post-COVID and we feel very, like very confident that we can win in a highly competitive market. Our brand is strong, our marketing is working well. We’ve got teams working on the key levers of the business with dedicated projects against them as we talked about and we look forward to working with you throughout the year and thank you for your support so far, and we’re going to go get back to work and do the best we can. Thank you all very, very much.
Operator: This concludes today’s conference call. Thank you for participating. You may now disconnect.
