Strauss Zelnick: So we don’t actually give out that percentage. Some of our competitors do. And so one of our biggest competitors, I think, has gone on the record to say it’s about 25% and I think that’s a good number. We’re not remotely in that vicinity. There’s plenty of room for growth. I would note that Zynga’s advertising net bookings were up 11% year-over-year. So it’s really good news. And we’re really happy about the growth of our direct-to-consumer platform and what that can mean for consumers and also for us.
Eric Handler: Thank you.
Operator: Our next question is from Matthew Thornton with Truist Securities. Please proceed.
Matthew Thornton: Hey. Good afternoon, Strauss, Karl, Lainie. Two quick ones for me. Last quarter, we talked about obviously achieving north of $8 billion in bookings next year and north of $1 billion in operating cash flow. I’m just kind of curious if those are still the right boggies for next year. And then just secondly — and I apologize if I missed this. Any changes to this year? Is it slate? I saw we’ve got the $18 million impairment charge here. But I guess relative to where we were three months ago, is there any change to this year’s release slate. Thanks so much.
Strauss Zelnick: So the answer to question one is, yes, and Lainie will answer question two.
Lainie Goldstein: Sure. So for question two, there has been some movements within the back part of the year within the slate, but we’re still able to achieve the same guidance for the year, so reiterating our guidance. So just some small changes within the slate, but it has nothing to do with the impairment charge. So the year is still the same.
Matthew Thornton: Perfect. Thank you.
Operator: Our next question is from Matthew Cost with Morgan Stanley. Please proceed.
Matthew Cost: Hi, everybody. Thanks for taking the questions. Maybe I’ll start just by asking about mobile M&A. I mean that was historically a very big part of Zynga’s business. It seems like the market may be starting to fall out there in terms of deal activity after the three for the past year or two. I guess do you see an opportunity to lean back into M&A at the Zynga business number one. And then number two is just, Lainie, you mentioned in the prepared remarks that some changes to the promotional cadence for NBA 2K. I was wondering if you could just give a little more detail about what those changes are and the size of the financial impact? Thank you.
Strauss Zelnick: So on the deal side, it’s hard to know. In terms of our strategy, we think we’re in a position to grow organically. We have a lot of new releases coming from Zynga. We’re really excited about them. As you know, hit ratios are very low in the mobile business. So we’re not claiming success until it occurs. But we do feel really good about some new launches. And in terms of the promotional cadences.
Lainie Goldstein: So on NBA 2K 24, we expect to be up from 2K23 — but 2K23 versus 2K22, there is some less promotional timing in this quarter versus what we did with 22 last year. So that’s why we expect the title to be a little bit down versus last year.
Matthew Cost: Thank you.
Operator: Our next question is from Doug Creutz with TD Cowen. Please proceed.
