00:00There are indeed two rockets in the Goldman building this week, and we are honored to be sharing Rocket Week
00:08in New York with SpaceX.
00:10Our business was built to help businesses grow and monetize within the app economy, and we do that across every
00:19single category you can imagine.
00:21I heard you talking about Instagram a few moments ago. Social is one of the verticals that we engage with.
00:26We've been at it for about 14 years now, and we're really excited to be going public today.
00:31So what exactly does that mean, though, monetization in the app economy?
00:37It's a good tagline. Well, maybe it's not a good tagline because I still don't really get it.
00:41Yeah, great question, Matt.
00:42Does that mean you're doing marketing campaigns on Instagram?
00:46Yeah, great question, Matt.
00:48So what we do is we help developers integrate advertising into their apps.
00:54So there's four million apps in the app store today, and they currently can integrate our software developer kit to
01:02help show advertising to support their business.
01:05We also help every single category of apps that you can imagine.
01:09For instance, Knicks won last night. It was a great game.
01:13A lot of predictions being placed in sports book action.
01:17We work with players across the prediction market vertical as well as OSBs to help them find profitable users across
01:26the app economy.
01:27So it's growth and monetization that we do through advertising across this burgeoning app ecosystem.
01:34People spending three and a half hours a day on their phone.
01:38Well, Jeremy, you know, I spoke with with some of the Blackstone crew.
01:40And as you'd imagine, they are very pumped and they did nothing but seeing senior praises and how incredible of
01:46a CEO you are.
01:48And you've been through a lot. I mean, it's tough right in the beginning of the year to think that
01:51you're going to IPO and have to pull it.
01:54Well, what is this process been like to get it off the ground?
01:58Sorry for the pun. To lift off, actually, this time around.
02:02Yeah, it had to come up. That makes sense. It's rocket week.
02:05Well, Danny, thank you for that. It's very generous from the Blackstone team.
02:09This has been an everyday labor for many, many years to build out this ecosystem.
02:14And we've been market making and advertising the app economy since its inception.
02:20The business has now grown 10 consecutive quarters since our release of our new recommendation engine.
02:27And we think we're just getting started. We're really excited to start this new chapter.
02:32Market is early. We have a strong position and we're really excited to go forward.
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