Good afternoon, and welcome to the Digital Turbine fiscal 2022 third quarter financial results conference call. All participants will be in listen-only mode. Should you need assistance, please signal a conference specialist by pressing the star key followed by zero. After today's presentation, there will be an opportunity to ask questions. To ask a question, you may press star then one on your telephone keypad. To withdraw your question, please press star then two. Please note, this event is being recorded. I would now like to turn the conference over to Brian Bartholomew, Senior Vice President of Capital Markets. Please go ahead. Thank you, Gary. Good afternoon, and welcome to the Digital Turbine Fiscal 2022 third quarter earnings conference call. Joining me on the call today to discuss our results are CEO Bill Stone and CFO Barrett Garrison. Before we get started, I'd like to take this opportunity to remind you that our remarks today will include forward-looking statements. These forward-looking statements are based on our current assumptions, expectations, and beliefs, including projected operating metrics, future products and services, anticipated market demand, and other forward-looking topics. Although we believe that our assumptions are reasonable, they are not guarantees of future performance, and some will inevitably prove to be incorrect. Except as required by law, we undertake no obligation to update any forward-looking statements. For discussion of the risk factors that could cause our actual results to differ materially from those contemplated by our forward-looking statements, please refer to the documents we file with the Securities and Exchange Commission. Also, during this call, we will discuss certain non-GAAP measures of our performance. Non-GAAP measures are not substitutes for GAAP measures. Please refer to today's press release for important information about the limitations of using non-GAAP measures, as well as reconciliations of these non-GAAP financial results to the most comparable GAAP measures. Now I'll turn the call over to our CEO, Mr. Bill Stone. Yeah. Thanks, Brian, and thank you all for joining our call tonight. First, I wanna formally recognize the amazing hustle and effort of our combined One DT team. This is our second earnings call announcing a full quarter of results as One Digital Turbine, and I'm proud of being part of such an amazing team that is successfully scaling together so quickly. I also wanna welcome Mollie Spilman, who officially joined our board of directors last week. Mollie's deep ad tech, mobile, and cloud experience will be helpful as we scale and grow our company. Tonight, we're gonna focus on our December results and our near-term forward outlook. As a reminder, we hosted an analyst day in November where we discussed our longer term outlook and strategies, and how we plan to build DT into a $4 billion top line and $1 billion bottom line business. For investors that wanna better understand our longer term approach, I'd encourage you to go to our website where that replay is available. For our near-term results, I'm gonna break my remarks into four areas. First is some commentary on our consolidated results for the quarter, including a breakout of each of our segments. Second are some real-time operational updates. Thirdly, we'll update on the strategic integration progress of One Digital Turbine. Finally, provide some commentary on the current events going on in our industry and economy, such as regulations, supply chains, inflation, Apple's IDFA impact, and others. For the December quarter, we delivered just over $375 million in revenue and $57 million in EBITDA. Compared to the December quarter of last year, this represents over a 300% increase on an as-reported basis and nearly a 40% increase on a pro forma basis for revenues, and more than a 150% increase in EBITDA on a reported basis, and nearly a 50% increase in EBITDA on a pro forma basis. I was most pleased to see the operating leverage of the model with our combined entity, as we were able to deliver strong revenue growth while holding operating expenses flat year- over- year. As we've said on prior earnings calls, the ability for us to grow the top line faster than the expenses required to support it validates the profitability of our platform. To support this point, I wanna call out our all-time record of $57 million of EBITDA generated from the December quarter as proof of the strong operating dynamic and the health of our overall business model. Turning to the segment results, this will be the final quarter that we break our results into our three segments of On-Device Media, AdColony, and Fyber. We did this approach for the past year given the historic public company comps for all three companies that could easily provide a pro forma apples to apples basis for investors. As we begin our new fiscal year on April 1st, and we've now integrated our companies together, we will begin breaking out our business into two segments. Our On-Device business comprised of our App Media, Content Media, and SingleTap business, and our App Growth Platform business comprised of our Fyber, AdColony, and non-SingleTap Appreciate DSP business. This will allow us the best of all worlds in finding the right balance between a greater focus on our customers, our ability to simplify, and our ability to accelerate our synergies. We've recently completed a restructuring of our organization to align with these new segments. I'm pleased to announce that we have appointed Mike Ng, our former DT Chief Revenue Officer, as president of our App Growth Platform business and hired telco and ad tech industry veteran, Matt Gillis, to be our president of our On-Device business. Both leaders have P&L responsibility for the respective segments and are supported by a shared service infrastructure team to ensure we get all the One DT synergy benefits. We're using this current March quarter to make the transition from our three-segment to two-segment approach as we begin the next fiscal year. Turning to our December quarterly segment results, our On-Device Media business set all-time revenue records and generated over $134 million in revenue, which is 43% growth year-over-year. Driving the strong organic growth was strong performance in our Content Media, Application Media, and SingleTap business. Our revenues for the On-Device Media business in the last three December quarters have gone from $55 million in 2019, $93 million in 2020, and $134 million this past quarter. We're happy to see such strong organic growth driven by improved revenue per device and accelerating device growth. In the December quarter, we saw over 68 million devices integrated with DT software, which is an all-time record. SingleTap has been a major driver of these strong top-line results. After trying for many years, we proved in 2021 there's a real business with SingleTap as the growth broke out in a major way as revenues increased 800% year- over- year. Now, as we turn to 2022, we are focused on four main areas for future SingleTap growth that's comprised of optimizing performance for our existing advertisers, increasing the number of advertisers on the direct platform or DSP that we purchased from Appreciate. Third is the licensing of the technology as more of a SaaS-like play. Finally is getting SingleTap on more global devices. I'm pleased to report that we made progress in the quarter on all fronts as we increased the number of active direct advertisers to approximately 50 and are working with multiple tier one partners on licensing SingleTap more broadly. As mentioned earlier in my remarks, we also added 68 million new devices in the quarter. In addition to the strong SingleTap growth, revenue per device, or RPD, grew nearly 50%. RPD is a core health metric of our business as it showcases the value of our platform to advertisers and to customers. Finally, it is important to note that this is all organic growth, and now with our synergies from our acquisitions and continued expansion with new and existing partners give us optimism on the future growth prospects for our On-Device business. Turning to our AdColony segment, AdColony rebounded strong from the September quarter with 53% sequential growth and 28% year-over-year growth comparing December quarter to last year. In particular, the AdColony brand business, which is highly strategic for our One Digital Turbine efforts, showcased approximately 35% year-over-year growth. The performance business, which it had contracted in the prior September quarter by 18%, primarily driven by Apple's IDFA changes, rebounded nicely with nearly 25% growth in the December quarter. We continue to be excited with the expanding new brand relationships in multiple industries with new top-tier names such as Procter & Gamble, Disney, CVS, and Progressive Insurance, just to name a few. Turning to Fyber's full quarterly results were impressive, showcasing year-over-year growth of nearly 50%. Even more impressive is Fyber's EBITDA increased to over 150% year-over-year. In other words, Fyber's not only accelerating growth on the top line, but it's now at that critical inflection point of scale that enables accelerating operating leverage in the core business. The impressive growth was driven by both rates and volumes. On rates during the December quarter, Fyber saw eCPMs improve across all ad formats than a year ago, while increasing impressions by over 40%. More specifically, fueling the strong growth was Marketplace Video and our APAC region, which were both up over 100% year-over-year. Both AdColony and Fyber have made strategic investments in video rendering of mobile ads over the past few years and are now capitalizing on the macro global tailwind of video ad formats as advertisers prefer the stickier, richer and more price inelastic ad format compared to other traditional digital formats. For our AdColony and Fyber businesses, we saw combined APAC revenues grow by over 90% year-over-year. While it's still a small percentage of overall revenues at approximately 15% of our total AdColony and Fyber revenues, but as we add more synergies and devices in the region, we're excited about the growth prospects in that part of the world. Finally, on our segment results, we're beginning to increase our focus on revenue synergies. Our synergy revenue run rate approached 10% of overall revenues as we exited the quarter. We're working on over a dozen different revenue synergies between the companies, whether that is AdColony's demand on Fyber supply, Appreciate buying on Fyber supply, or expanding AdColony's demand reach with our DT Content Media products, just to name a few examples. In addition to the revenue these synergies create, many of these synergies also improve our gross margins while simultaneously delivering more value for our partners by taking unnecessary links out of the supply chain of digital advertising. This is a major strategic focus area for our team to accelerate our progress here. Turning to our forward outlook, I wanna provide some commentary on how we're positioned for continued growth. With our acquisitions, our growth levers of devices, products, and media have not changed. They've just been accelerated and expanded. First on devices, we've now passed over 800 million devices that our software's been installed on, including 68 million in the December quarter. We're excited to begin working with new partners such as Oppo and Vivo and are also excited to begin expanding further with existing partners such as Samsung and Telefónica. On the product front, our revenues from dynamic installs grew by over 20% year-over-year in the December quarter, but now only represent 15% of our total consolidated revenues compared to over 50% last year, as the company's been repositioned to a monetization over the life of the device company versus just a monetization at first activation company. Our revenues that occur over the lifetime of a device now represent approximately 85% of our total revenues compared to just about 50% last year. Diversifying away from revenues only attributable to first boot and monetizing over the life of the device has been a strategic priority for our business and this progress is material. I mentioned SingleTap as a major growth driver earlier in my remarks, but we are also looking to drive growth in many other products such as Notifications, Discover Bar, FairBid, Offer Wall, and Marketplace. As a simple example, our smart folders product grew by over 300% year-over-year. In other words, diversification's working well to drive both top-line growth, and we don't have reliance on any single product to derive growth. To further emphasize this point, this is now our second consecutive quarter where we do not have a single partner or customer that constitutes more than 10% of our revenues. I now wanna turn to our integration updates. With the completion of the acquisitions, we've now successfully assembled the key pieces for our full stack end-to-end ad tech platform. Last quarter, I spent time in my prepared remarks discussing the strategy of how we're gonna win, and tonight I wanna spend some time on the operational elements. We already discussed the organizational segments early in my remarks, so the first area I'd like to discuss is our Google relationship. Our first material milestone in leveraging our scale was our strategic announcement with Google. Our Google announcement has three primary benefits. First is the financial benefit of our hosting agreement. We expect this to yield material cost savings over the next few years and secondly is the commitment by Google to work with us across their businesses, including the Android group. We've already begun working with Google on a variety of operational and strategic areas into the future. Finally is credibility. We understand that Google has been viewed as an existential threat by many to our business, and hopefully hearing from Google in their own words helps mitigate any of those concerns. We've been focused on integrating new systems like common HR, accounting, Salesforce, and technology platforms, so we can operate like one versus four companies. Combined with that is also focusing on unifying our processes, like how we work on new clients, manage our people, and manage our customer accounts. These things all allow us to operate more efficiently so we can capitalize on the future strategy. I wanna highlight this to investors to showcase how proud of this I am from the team. Very few companies can walk and chew gum by simultaneously executing the present while doing all the necessary work to prepare for the future, especially when dealing with COVID fatigue that we're all experiencing. To close out my prepared remarks, I wanted to reiterate my commentary from last quarter on the macro and industry specific events happening in real time. First on the macro environment, one of the great things about our business as a cloud-based mobile software company is we don't have input or hard costs. Thus, our exposure to supply chains and inflation risks is extremely low relative to other organizations. On the regulatory front, we are seeing legislation around the globe about regulating big tech firms to offer more consumer choice and control. In particular, here in the United States, S. 2710, also known as the Open App Markets Act, received a 21-to-1 bipartisan vote from the Senate Judiciary Committee this past week as a strong endorsement to continue to proceed through the legislative process. This would de-bundle the Google and Apple App Stores from the operating system and offer consumer choice of which app stores and apps consumers can select. From a DT perspective, we are closely monitoring these regulations and have already partnered and supplied input to regulatory authorities. Given our unique position with operators and OEMs, we see today's regulatory environment as a tailwind, not a headwind for our business. For investors interested in more details on these dynamics and what they potentially mean for us, I'd encourage you to listen to our comments we made at our Analyst Day in November, which are available on our website. Turning to Apple's iOS platform and the impacts of IDFA, I wanna first emphasize for investors that our Android share continues to grow and is now over 70% of our total revenues. Even with this mix shift to Android, we saw a return to iOS growth in the December quarter. Our iOS revenues grew 33% sequentially and 20% year-over-year, which demonstrate that IDFA has not been a material headwind for our business. Other larger players that are reliant upon IDFA for things like view-through attribution have been hit hard by Apple's changes, but these factors are not relevant for our business. If anything, IDFA has leveled the playing field versus providing disproportionate advantages to the mega cap tech players. We already support Apple's SKAdNetwork integration, also known as SKAN, and our machine learning models improve On-Device decisioning for players like us. However, what we believe makes us different from others is our concentration of brand dollars from AdColony that work both on iOS and on Android and tend to be a bit more price inelastic, our majority focus on Android and our capabilities with SingleTap. Finally, before I turn over to Barrett, I want to make a comment about the market. Our job is to execute on our winning strategy and our enormous addressable market in front of us. That's what we can control. We are living in a time where investors seem to put companies into a growth bucket or a value bucket. We are very proud in our ability to deliver both significant growth, but simultaneously deliver profitability that's growing even faster than our top line. With that, this concludes my prepared remarks, and I'll turn it over to Barrett to take you through the numbers. Thanks, Bill, and good afternoon, everyone. We're pleased to announce a strong third quarter performance across all our business lines and also to provide our outlook for growth for the balance of the fiscal 2022. I will occasionally reference results on a pro forma basis, which reference quarterly results and comparisons as if all acquired businesses were owned for the third quarter of fiscal 2021. We believe these pro forma results provide additional insights into the underlying trends when comparing current performance against prior periods. My comments today will refer to comparisons on a year-over-year basis unless otherwise noted. Revenue of $375.5 million in the quarter was up 324% as reported, and 38% on a pro forma basis. Adjusted EBITDA increased to $57 million, growing 153% year-over-year, and adjusted EPS of $0.49 per share increased 133% year-over-year. Before intercompany eliminations, our On-Device Media revenue, which represents existing revenue derived from the company's Application Media, inclusive of SingleTap, DSP, and Content Media platform products, increased 43% year-over-year to $133.6 million. Total in-app media AdColony revenue contributed $94.3 million during the quarter and was up 28% on a pro forma basis. Our in-app Fyber business contributed $157.4 million during the quarter and was up 48% on a pro forma basis. Non-GAAP gross profit was up 169% to $103.4 million in the quarter, and gross margin on the platform was 28%. On a sequential basis, we experienced an adverse impact from partner and segment revenue mix shifts in the quarter. As a reminder, while gross margin rates can fluctuate from quarter to quarter based on our product and partner mix, we anticipate continued margin expansion in the future in line with our growth targets recently outlined in our Investor Day in November, driven by continued execution on our product and partner diversification strategy. We delivered continued impressive expense scale on the platform as cash expenses were $46.4 million in Q3 or 12% of revenue, down from 18% of revenues in the prior year. These same cash expenses were flat year-over-year on a pro forma basis, while revenues during the period were up 38%. Total operating expenses were $73.5 million, including $13.8 million in amortization of intangibles and $6.2 million in transaction-related costs, and compared to a total as-reported operating expenses of $17.2 million in the prior year. The integration of the acquisitions is progressing nicely, and we anticipate continued cost benefits to be realized over the coming quarters as integration efforts are successfully implemented to further improve our operating leverage. I'm very pleased that our operating leverage and consistent EBITDA growth is being achieved even as we continue to make a number of focused near-term investments, primarily with our sales force and technology teams to support new partners and products to drive future incremental revenues on the platform. In this context, we would expect our EBITDA margins to continue to expand over time given the inherent operating leverage in our business and the return to be realized from our near-term investments and synergies to be generated from the integration of our acquisitions. I continue to be pleased with the profitability and free cash flow delivered by our business. In the quarter, we achieved non-GAAP adjusted net income of $50.9 million or $0.49 per share, as compared to $20 million or $0.21 per share in the third quarter of last year. Adjusted EBITDA was $57 million, up 150% over prior year. Our GAAP net income was $7.1 million or $0.07 per share based on 103.3 million diluted shares outstanding, compared to a third quarter of last year, 2020, net income of $14.5 million or $0.15 per share. Our GAAP net income included an $18.2 million charge for the contingent consideration related to the Fyber acquisition due to higher than expected performance and also included a $6.2 million costs related to transaction-related expenses in the quarter. Free cash flow for the quarter was $36.6 million, enabling us to exit the quarter with $115 million in cash. Our debt position into the quarter at $357.5 million, consisting of $345 million drawn on a revolving line, plus $12.5 million in debt assumed through the Fyber acquisition. We have recently amended our credit facility to increase the revolving line by an additional $125 million to a total of $525 million facility. Also, in January, we made our final cash earn-out payment related to the acquisitions, which was based on performance that met our original expectations. We have completed all the cash obligations related to the acquisitions earlier this year. With our expanded low-cost credit facility, a healthy balance sheet, strong free cash flows, combined with the recent transformative acquisitions added to the platform, we're pleased with our current capital position, and we're poised to execute on our growth plans for fiscal 2022 and beyond. Now let me turn to our outlook. We currently expect full year fiscal 2022 revenue to grow to between $1.225 billion and $1.24 billion. We expect adjusted EBITDA to grow to between $196 million and $198 million, and non-GAAP adjusted net income per diluted share to be between $1.66 and $1.68, based on approximately 105 million diluted shares outstanding and an effective tax rate of 20% on our non-GAAP adjusted net income in the fiscal fourth quarter. I would highlight that the implied growth in the midpoint of our guidance has our fiscal 2022 revenues growing over 50% year-over-year and EBITDA growing over 80% on a pro forma basis. In closing, we're very pleased with our performance in the quarter and the continued execution from our teams. I'm extremely excited to build on the momentum and the success in the fourth quarter of our fiscal year and beyond. With that, let me hand it to the operator to open the call for questions. Operator? We will now begin the question-and-answer session. To ask a question, you may press star, then one on your telephone keypad. If you are using a speakerphone, please pick up your handset before pressing the keys. To withdraw your question, please press star then two. At this time, we will pause momentarily to assemble our roster. Our first question is from Anthony Stoss with Craig-Hallum. Please go ahead. Hi, guys. Hey, Bill, I'd love to hear a little bit more on the Telefónica relationship. Has that started? Have they started to push out SingleTap over the air yet? Or since you've signed that, have you seen any uptick in other carriers' interest in that? And then also probably for you, Bill or Barrett, I know it's only been 2.5 months since the Analyst Day, is there anything that's changed that's either sped up or slowed down you reaching some of those 12-18-month goals? Thanks. Yeah. Hey, thanks, Tony. I'll give a shot on the first one, and then let Barrett comment on the second one a little bit. Telefónica, yeah, we're just in the process of going. It's early days. We've launched in a few countries with them. Part of our plans as we get into the next, you know, six months or so is gonna be to expand that as part of the global contract that we've signed with them. All the devices that we are shipping to them are SingleTap enabled. And so we're just in the process of ramping and scaling it. As we think about growth drivers, as we get into this year, obviously, that's gonna be a key component for us. You know, just a kinda couple high-level comments on your Analyst Day comment. Yeah, nothing's really changed from our comments. You know, we're still as excited about the business, if not more, than when we talked about the long-term views in November. You know, things continue to be on track. We continue to get great feedback from customers in the marketplace right now about what we're doing. The TAM is enormous. The strategy's winning. For us, it's just still let's go execute and get after it. Bill, as a quick follow-up related to SingleTap, can you comment about what the current SingleTap revenue run rate might be and where you might see it a year from now? Yeah. Yeah. What we're trying to do, and that's why I actually gave some examples, some other products and growth, is we wanna start talking, you know, kind of more about all of our growth of our products versus just any single one. You know, SingleTap continues to do well for us. It's a real business. We're excited about it. As I mentioned in my prepared remarks, we've got a number of growth drivers for it, you know, not just more devices but you know, the ramping of existing advertisers. We're up to 50 now on the platform, which is fantastic. And then also, you know, we're excited about the licensing capabilities of that. You know, as we think about that as more of a SaaS model going forward, you know, that's something we think will be a nice catalyst for growth because that is a $100 billion app install market that we can now go after. Thank you. All right. Thanks, Tony. The next question is from Tim Horan with Oppenheimer. Please go ahead. Thanks, guys. I think at the Analyst Day, you said you had about a dozen products or so. Can you just talk about that roadmap? You know, where could we be maybe, you know, a year or so from now, and how are some of the newer products doing? I just had a few follow-ups. Thanks. Yeah. Yeah. Sure, Tim. Yeah. I mean, that's what we're excited about, is the product roadmap is really robust, you know, right now. Whether it's on the Fyber side a s we continue to advance things like mediation and expand our marketplace offerings, you know, whether it's on the AdColony side with a lot of the products we have on the brand side, and then on the Content Media and App Media side, as well. We've got so many shots on goal with so many different products right now, it gives us a lot of optimism on the growth, where we're not just single-threaded only to SingleTap. SingleTap's exciting, you know, we're excited about it. We talked about it in a lot of detail at our Analyst Day about the market opportunity and our progress there. We also wanna make sure investors can keep their eye on a lot of the other products that have pretty impressive growth rates, as well. One of the charts that, you know, we really liked from our Analyst Day was where we showed all of our operator and OEM relationships, and not just expanding new names like we talked about Telefónica here just on Tony's question or on Oppo or Vivo, you know, we're gonna continue to build out the pipeline, but also is getting a deeper set of products embedded with our existing partners. As we expand them not just from one, but, you know, it can expand up to three, four, five, and in some cases into double digits with a couple of our partners. That's really where I think we're gonna see a lot of growth is we are a trusted partner with many of these operators and OEMs, and so we can expand that whole product portfolio into them. That's really strategic for us. Can you give us a sense with Mobile Posse, how many subscribers you have on there now or what the uptake looks like the next 12 months? Yeah. For Mobile Posse right now, we're a little over 10 million daily active users on the Content Media platform right now, Tim. As we're now just starting to get going with Verizon and AT&T, you know, we expect those to be growth catalysts for us as we get into the future. Lastly, Bill, sorry to monopolize here. There seems to be in the advertising ad tech world, the haves and the have-nots, and a lot of people seem to put you in the have-not bucket right now. Can you maybe just talk about what's going on in the whole ad market and why you think, you know, you have been outperforming your peers and why that'll continue? You're just talking about the stock, Tim? The stock, yes. The financials look great, yeah. You know, there's a lot of, obviously, disruption in the industry going on, and people seem to be worried that you're gonna get disrupted. You know, obviously, Facebook had some weak results. Snap and others had very strong results. Just from your perspective, kind of what's going on? You know, we're excited. I mean, we're proud of our results. You know, you're talking about many hundreds of billions of dollars of TAM, and we've got such an aggressive market to go after. We're showing impressive growth. I mean, you know, Barrett just mentioned that, you know, our full year guide, you're talking about 50% top line and, you know, over 80% bottom line growth. You know, we think that's pretty impressive. We're excited about that. You know, our view is that, you know, the markets may not get it right from day- to- day, but over the long term, they do. You know, we're gonna keep doing our thing. We got a great TAM, a great strategy, a great team, and we're putting up results quarter- after- quarter, and we'll let the chips fall where they fall over time. Thanks, guys. Congratulations. Thanks, Tim. The next question is from Darren Aftahi with ROTH Capital Partners. Please go ahead. Hey, guys. Thanks for taking my questions. Barrett, just a question on your commentary about the EBITDA outpacing the revenue growth and the flat cash OpEx. It looks like your Q3 performance and your guide are kind of in the low 15% adjusted EBITDA margin, if my math is correct. At what point do we see more operating leverage kind of beyond that level? I guess kind of what needs to happen. Is it any particular segment? Are there some integration costs that you feel like are behind you? You said you talked about investing in new products. I'm just kinda curious when we see some more operating leverage as you kinda grow at this high clip. Yeah, I think it's a good question, Darren. You know, one of the things, Bill just highlighted the Google relationship, and I think it highlights some of the purchasing power and integration benefits and synergy we're starting to see, especially on the cost side. So these will bear out, you know, over the next few quarters. But I would say, you know, I'll highlight that we grew revenue 38%, and on an apples-to-apples basis, our cash expenses were flat. So you know, just reiterating the operating leverage we're seeing in this business, and we'll begin to see, as we outlined in our Investor Day, we'll begin to see those margins accrete on, you know, both EBITDA and gross margin. They'll come over the next few quarters, we expect. Great. On your device expansion on the 68 million, is any of that inclusive of the expansion of Samsung? Yeah. Absolutely. Samsung is a major driver of the expansion there. We saw some nice return to growth in the United States, you know, where that had been kinda really flattish in the past. Internationally is where we're seeing a lot of the growth, you know, in overall devices as we go forward. It's good to see the momentum there, and that's important just to continue to capture a wider base, you know, especially as all of those devices that are being put out in the marketplace are SingleTap capable. Great. Just one last one if I could squeeze it in. You know, TikTok kinda was called out on the Meta call, and I know you guys have a relationship with them in Latin America and expanded to North America on the delivery side. Is there opportunity for you guys to kinda work with them on inventory within the application, whether it be video, banner, et cetera? Yeah. The short answer is absolutely. You know, we've got active conversations going on, you know, with them right now, to continue to help them better monetize their users as well as get new users. We've been pleased to see the partnership expansion, you know, here into North America. We think there's still a lot of juice left in that squeeze, for us with them specifically. You know, more broadly, you heard a lot of comments, you know, over earnings season, you know, whether it's social media competition or streaming audio competition, streaming video competition, or what have you. You remember, we distribute all of those apps, so that's a good thing for a company like us. You know, the more that, you know, there's competition in those markets and they're trying to compete for users and get users and, you know, that's what we do, is deliver apps and content, you know, that puts us in a pretty good spot. Great. Thank you. The next question is from Tim Nollen with Macquarie. Please go ahead. All right, guys, thanks a lot. I got a couple questions. One is on AdColony. Bill, would you mind just elaborating a bit more on how that seems to have turned around in the December quarter? It was source of a bit of weakness, certainly on the IDFA that you referred to again just now. Just wondering how that managed to turn around. That's quite a nice rebound there. A question on Fyber. That growth looks like it slowed quite a bit versus. I'm talking the year-over-year growth rate versus the prior quarter. I'm guessing that's just a matter of kind of law of large numbers and a difficult comp, but if there's anything else you could comment on that would be great. Thanks. Yeah, on AdColony, they had a really nice quarter. You know really proud of the rebound in performance there. The brand business continues to grow, and that's highly strategic for you know our larger end-to-end ad tech ambitions to be able to leverage some of those brands and names I mentioned in my prepared remarks. We're seeing really nice growth there across the board. In particular was AdColony's performance business, which had contracted in the September quarter and you know partially due to IDFA, and we saw a nice rebound as we got into December quarter. Even December quarter year-over-year showed you know positive growth there. That's encouraging for us on the performance side of the business. We're seeing brand budgets come back. you know, just an editorial comment here is a lot of the big mega tech, mega cap tech players, you know, have been able to leverage IDFA for things like view-through attribution, and they can't do that anymore. I said in my prepared remarks, there's actually more of a level playing field right now. As we see brand budgets and performance budgets come back to iOS because our eyeballs are on Apple products, you know, players like us are gonna benefit from that. You know, we view that as a positive and, you know, we'll let our machine learning models and our AI compete head-to-head versus letting things like view-through attribution, you know, that really give a disproportionate advantage to other players. You know, things like AdColony benefit from that. On the Fyber side, yeah, you're right. It's just a little bit of large numbers. Fyber hit a really, you know, really inflection point in the December quarter of last year. I do wanna emphasize that, you know, we're still talking about, you know, 50%+ growth in that business. We think that's pretty healthy. More importantly was the 150% EBITDA growth in that business. In other words, the bottom line's growing faster than the top line. APAC and Europe in particular are showing really impressive growth, as well as on the video side of the business. You know, we're really excited about the Fyber business and especially pairing it with AdColony's demand and Fyber supply, and then being able to also leverage our user acquisition capabilities on the On-Device Media side with Fyber's publishers also has a tremendous amount of upside for us. We're excited on all fronts in terms of putting this thing together. Yeah, no, that's great. 48% growth is nothing to complain about. It's just noticing the more of a convergence between AdColony and Fyber now in the growth rates, which is good from the AdColony perspective. Thanks for the color there. I would add is that this is why we're combining those into one segment, too, right? To get those synergy benefits, so we can have, you know, more common approach in terms of how we do our performance, our DSP, and, you know, in terms of how we also manage our publisher relationships. Makes sense. Thanks a lot. The next question is from Allen Klee with Maxim. Please go ahead. Hi. My question's been answered. Thank you. Okay. Thanks, Allen. This concludes our question and answer session. I would like to turn the conference back over to Bill Stone for any closing remarks. Yeah. Thanks everyone for joining the call tonight. We'll look forward to reporting out on our progress against all the points made on tonight's call, and we'll talk to you again on our fiscal 2024 quarter call in a few months. Thanks, and have a great night. The conference is now concluded. Thank you for attending today's presentation. You may now disconnect.