Alexei Gogolev: Okay. And Nathan, very quick follow-up on your 4Q guidance. What FX impact are you incorporating into those forecasts?
Nathan Gooden: Sorry, what was the question?
Anthony Casalena: FX impact.
Nathan Gooden: FX impact. Our rates for FX are as of the end of September in Q4.
Alexei Gogolev: Okay. So roughly 2 percentage points impact. So constant currency wise, the midpoint of your guidance is about 13% in constant currency.
Nathan Gooden: We don’t give constant currency guidance.
Operator: Our next question comes from Andrew Boone at JMP Securities.
Andrew Boone: Anthony, can you talk about the benefits that you’re seeing from Squarespace AI in terms of conversion or anything else you want to highlight? And then how do we think about your AI road map as we’re moving into 2024?
Anthony Casalena: Sure. So we’ve done the common sense AI integration thus far, generative text inside of text fields, all of that, I mean, kind of the — I mean to say like the demo you’ve seen everyone give, we’ve also incorporated into the product. I think that what makes surprising people or not surprised people is that it really hasn’t had much of an impact on conversion. And why is that? Because everyone has access to ChatGPT already and they know how to copy and paste. And so it’s not really that big of a deal that you’re on the image field and it adds an image that came from Dolly or that you’re in a text field and they paste it in from ChatGPT for you. So it’s a convenience, our customers like it. They use it, but it doesn’t have any impact on conversion right now.
For the road map and thinking about how we think about it in the future, very visual demos that are posted on the Refresh site that we’ll do a better job of kind of showing how we see it impacting multiple parts of the product. Moving forward, and I would definitely encourage people who have questions about the — what AI might look like for Squarespace to go check those out. There’s a couple of minute long video there, and we talked through the different parts of the product and specific where we think it applies and all of that. But most of what we’re doing here applies to set up an onboarding the anticipated improving. But just sort of I would keep in mind that a lot of the technologies that are being demoed like — that are just API calls, all of our [indiscernible] competitors have and we’re integrating them at low cost and they’re just common sense, good things to do.
Operator: Our last question comes from Naved Khan from B. Riley.
Naved Khan: Just a couple please. I think last year, you guys had launched localization efforts and added some new markets. Any new effort in that direction, are you adding a few more markets internationally? And then a related question on international is just around advertising. Again, I think you benefited this year from the campaigns you did last year, Anthony. Is there any plan to sort of do another [reset] in terms of international ad campaign?
Anthony Casalena: Yes. So with the international ad campaigns, we’re always looking at which markets we think can grow in adapting our campaigns to those local markets and testing those and figuring out where we needed to adapt one or where actually the same concepts behind the English campaign, we’re totally fine. On the platform right now, during checkout, again, we have like 22 or so odd currencies that you can use to check out. I’m blanking on the number of languages we added within the year. It was like three or four, bringing it to like some…
Nathan Gooden: I think we have 11 in total.
Anthony Casalena: 11 total now. I can get a better answer from that. I’m sure it’s on the website, I just — yes, off the top of my head, I can’t remember. But yes, we continue that push, and we’ll continue to add different geos. We’re looking at some Asian geos right now and just trying to methodically go through these, where we see the biggest opportunity and where we think the product is most applicable with the least amount of translation or other effort.
