Larry Fey: Yes. So I’ll take the first part on Live Nation. So we certainly saw a big bag. And I think in some ways we’ve seen similar to them, and then there’s places where we diverge in terms of comparability. They quoted a lot of metrics on January to mid-February, performance being quite robust. We think they alluded to it, but we can confirm that we are seeing directionally similar trends in terms of very strong year-over-year performance and year-to-date period. Where I think we perhaps diverge a bit is one just having a slightly more cautious view of what the impact of postponed events not recurring being at the end of Q2 and Q3 on the concert side. I think they are overweight concerts when you look at their business overall, whereas concert at half of our business, so if you believe there’s a more geared growth outlook in sports that’ll pull it down a little bit.
And then the last variable is, I think they alluded to international being quite strong, international be opening a little bit later. So I think there’s a little bit of a handoff between global strength in the first couple months and their guidance and then international perhaps carrying a little bit higher growth to back half of the year relative to we anticipate seeing in North America.
Stan Chia: I’ll take the second part, Ben. I think we’re really excited to announce Skybox Drive, right? So I think when we announced that early last week, I’d say early signs of interest is through the roof. I think we are very proud of the platform that we built on Skybox and Skybox Drive is an additional kind of product line that we’re launching next to that to further help the seller community as a turnkey solution to Skybox, I think, has received tons of interest. We are in our beta period, I would say the minute we announced and open the beta, we were oversubscribed within the first two minutes to how many people wanted to participate. And I think if that’s a good indicator, I think, that would underlie the fact that, I think, there is going to be a lot of demand and interest in the product that we are building.
As we continue to do on all of our lines, I think, we’re going to evaluate what the right economics are and if there is an opportunity to make sure there is value that we can derive from that product line, I think, we’ll do so, but we’re probably a little too early to talk about long-term P&L impact of Skybox Drive right now.
Benjamin Black: Great. Thank you very much.
Operator: Thank you. And our next question is coming from the line of Logan Reich from RBC. Your line is open.
Logan Reich: Hey, good morning. Thanks for taking the question. It’s Logan on for Brad Erickson. Just another one on marketing spend. What’s your guys’ philosophy? I know you said you guys pulled back a little bit on the performance marketing spend in Q4, but as you go forward into 2023 on the full year, what’s your expectation for competitive marketing intensity? And what is your philosophy on kind of matching that versus pulling back a bit on the less profitable orders for the full year? Thanks.
Stan Chia: Yes, I’d say embedded in our guidance, we have assumed current environment persists throughout the year, i.e. intensity above what we believe is long-term sustainable. We’re certainly hoping that that cracks, but didn’t want to build that into the baseline. And so, we’ll see what comes from there.
Kate Copouls: Yes, I think
