MGI's Q4 revenues were well ahead of our and consensus expectations. During the quarter, MGI saw the beginnings of a recovery in the advertising market, which has continued into the first months of 2024. As a result, MGI's outlook for the current year is a return to double-digit revenue growth. This is a significant improvement over our previous assumption of a sluggish year and leads us to raise our revenue estimates. With the improved outlook, we believe the risk/reward ratio has further improved.