Lauren StClair: Yes, I’ll take the second part of that question around breaking it out. As you know, we have three revenue categories with increased disclosure. It’s credit cards. We have loans, and we have the other verticals. Insurance today within that other verticals. For right now, that is the plan that we will continue to provide that level of disclosure, but we are always looking at sub verticals and making sure that we are disclosing the right information externally. And so we’ll continue to evaluate that.
Jed Kelly: Thanks. And then just a follow-up. You’ve obviously generated a lot of synergies with your past acquisitions On the Barrel being the most recent. Can you give us an update on any potential acquisition opportunities or products you would want to add to the NerdWallet platform?
Tim Chen: Sure. Yes. Just a quick reminder, general M&A thesis has been match our brand and reach with these better converting user experiences, right? So, where you tend to find opportunities is areas where there is complexity, where you see humans like advisers, agents and brokers trying to help people through transactions and so we’re looking at quite a wide variety of things. Just trying to be opportunistic and disciplined from a capital allocation perspective about what we take on next.
Jed Kelly: Thank you.
Operator: Thank you. And I show our next question comes from the line of Ralph Schackart from William Blair. Please go ahead.
Ralph Schackart: Good afternoon. Thanks for taking the question. Just on Australia launch, I know it’s very, very early, but just curious what are the signs that you’re seeing there? And how would that compare to other markets, similar launch stages? And just more broadly, how are you thinking about the opportunity compared to other markets? And then I’ll have a follow-up.
Tim Chen: Yes. So, just to level set, I mean, the US is our ordinary priority, right? It’s just a huge market. We feel like we have so much room to land-and-expand within the US and vertically integrate given our existing reach and traffic and brand trust. In terms of Australia, it’s really early. We’re excited to see, hopefully, a repeat of Canada. It feels like running a similar playbook. It’s something we’re very familiar with and just feels very familiar to, for example, the early days of the US market. And we’ll keep giving you updates as we progress in these areas. But yes, the real priority is the US market.
Ralph Schackart: Great. And then just on the loan segment, you talked about on the call about investing in consumer experience before an improving — or potentially improving macro. And I think you also talked about some positive signals in the shareholder letter. Just curious if you could provide some more color there. What are the positive signals there that you’re seeing?
Tim Chen: So, to be clear, we’re — yes, we have a pretty muted outlook for 2023 in terms of the macro. We expect unemployment to keep on rising throughout the year. We think that’s largely what loan officers are pricing into both their underwriting models and their pricing. So, not baking in much optimism about a recovery there. Yes, if we deviate from those expectations, then we could see upside or downside on the margin. But I think we’re a bit lower beta with regards to others, given just the skew towards prime.
Ralph Schackart: Okay. Thank you.
Operator: Thank you. And I show our next question comes from the line of Nicolette Radomski from Citi. Please go ahead.
