Omar Dessouky: Craig, I apologize for just clarifying the question. How do you see the level of competition within the industry as you go forward? And the reason I asked about potential exits, as you would assume as an investor if exits increase competition would fall and potentially your market share would grow as well as profitability in the industry. That’s really what I was getting at is the intensity of competition as if the environment doesn’t improve.
Craig Abrahams: I think the theme of consolidation is a good theme and that you’ll continue to see consolidation in the industry in terms of competitive dynamics beyond that it’s hard to comment.
Omar Dessouky: Thank you.
Operator: Thank you. Our next question comes from Aaron Lee with Macquarie. You may proceed.
Aaron Lee: Hey, good morning. Thanks for taking my question. So we’re nearing the second anniversary of IDFA deprecation and you’ve noted in your remarks that CPIs remain elevated. So has any of your thinking changed around cross-sell between your games or any other strategies to kind of supplement the pay user acquisition funnel?
Robert Antokol: Hi, it’s near. So basically, we keep with the same strategy. It’s a new era. We learn how to measure things how to optimizing differently and the fact that we have a very divest portfolio with lots of different sources and also we leverage mass market media in order to get great results. That’s basically how we tackle the IOS area. In addition to that, we leverage also internal AI capabilities that give us the flexibility and give us the opportunity basically being very aggressive on opportunities in the market and we all keep buying whatever we can in our IOS.
Aaron Lee: Okay. Got you. As a follow-up in the past you’ve talked about the early success you’ve had with localizing some of your game titles. Can you just talk about whether this is still an opportunity, or do you have other priorities right now? Thanks.
Robert Antokol: So obviously, we are always looking for opportunity where we can increase our market share, if we see an opportunity in a specific market where we have a localized game it’s also something that we look at. So we did something on the path and we’ll continue exploring this furthermore.
Operator: Our next question comes from Eric Handler with Roth MKM. You may proceed.
Eric Handler: Good morning, and thank you for the question. Two questions. First, as you look at the social casino business, do you have any sense of when revenue might stabilize?
Craig Abrahams: Eric, thanks for the question. I think we’ve already started to see the stabilization in Q4. If you look at Slotomania, Slotomania in the quarter was down 0.6% sequentially. So real stabilization there, and we’ve been seeing positive trending with those titles.
Eric Handler: Okay. And then looking at your costs, so can you quantify, how much were you expecting to spend in 2023 on new game launches? And does that — with the suspension of new game launches, does that money just go right to savings, or are you reallocating those dollars?
Craig Abrahams: So, that’s all reflected in our guidance that we provided in terms of our guidance range for this year. So it’s baked in. And so, we don’t have that new game spending. But obviously, there’s no revenue associated with those titles either, but both are baked into the top line and bottom line guidance for next year.
Eric Handler: Okay. Thanks.
Operator: Thank you. Our next Question comes from Clark Lampen with BTIG. You may proceed.
