Doug Valenti: I’d say, it’s a — being more specific for you. I mean, double digits covers an awful lot of ground, right? And so, we just decided that now that we know more going into the back — as we go looking at the back half and this quarter that we would bracket it. I would point out that the middle of that range is double digits, 10%. And we still maintain that even if auto insurance were flat year-over-year, we’d still grow double digits because of the strength of non-insurance. So, we there is no downgrade here. There’s no lowering of expectations. We’re just giving you more specificities to the range and all the things we’ve said previously are still true.
Chris Sakai: Okay, sounds good. And then, to go back to personal loans, so in June, it had a very good month. How did the months this quarter compare?
Doug Valenti: I’m sorry. I didn’t quite understand the question. Chris, ask again, please.
Chris Sakai: I guess, as far as revenue goes — from personal loans is concerned, I recall June was a very good month. How does that compare…
Doug Valenti: Yes. It’s been — personal loans continues to perform exceptionally well for us. I think Greg, pointed out that personal loans, credit cards, and banking together grew 33% year-over-year, and personal loans is more than half of the total revenue of credit cards, banking, and personal loans is personal loans. And so, you could extrapolate from that it had a really good quarter last quarter. Greg, did I get that right?
Greg Wong: Yes, you did. And just to add on to that, it was a very good quarter. You’re right, Chris. The June quarter is very strong for personal loans. And I would add that the March quarter or the — I’m sorry, the September quarter that we just finished was also a record quarter for personal loans. So, very strong performance.
Chris Sakai: And then — so by the third and fourth quarter, are you guys expecting that all your segments will be growing sequentially?
Doug Valenti: I’d have to look at the — I’d say that third fiscal quarter, yes, over second fiscal quarter. I’d have to look at going from third fiscal quarter to fourth fiscal quarter. Typically that is more — it comes down from the peak in March as our typical seasonal pattern. But as I said, auto insurance is expected to actually ramp from the March to the June quarter. The other businesses are probably expected to be flat to down a little if typical seasonality holds. Greg, do you have that in front of you? I don’t know if that’s.
Greg Wong: Yes. No. That makes sense. That exactly makes sense. Yes.
Chris Sakai: Okay. Sounds good. And last for me, I guess, you were seeing last quarter as far as expecting for improvements as far as in auto insurance. Are you still seeing that? And are you seeing what you expected last quarter play out into this quarter?
Doug Valenti: I think we said last quarter that we expected a significant positive inflection in auto insurance to begin in January, and we exactly continue to expect that. This quarter, the current — the December quarter, we expect it to continue to be a quarter where auto insurance was challenged, until they get to January and reset their combined ratio targets, and get new budgets. And so, that’s — continues to be the case this quarter. It’s about like last quarter in auto insurance, and that’s exactly what we expected. And we expect — we said we expect the January quarter to begin a significant positive inflection or the March quarter depending on how you want to think about it, and we still, I expect that as we said.
And we’ve gotten a little bit more granular because we’ve gotten more specific indications in terms of as best we can, doing a bottoms up on what that means for the range for the entire business in the back half and for the year. So, yes. I guess, the short answer is yes.
Operator: Thank you. And there are no further questions at this time. Thank you everyone for taking the time to join QuinStreet’s earnings call. Replay information is available on the earnings press release issued this afternoon. This concludes today’s call. Thank you for joining us.
