I mentioned that we have a preferred stake in that business. We will, to Andrew's point, actively assess how this fits in our portfolio and work with the founders of that company to determine what's in the best interest of both parties.

Okay, understood. Thank you. Actually, here's one other question that comes to mind on the fact that you mentioned the balance sheet, something that the market hasn't fully given value towards or attribution towards. Are you thinking about any sort of buybacks or anything like that, given that your debt is clear right now and then you have a significant amount of cash? Or do you think that investing in the business and the opportunities you're seeing within the razor side of things and maybe even the skill side of things, there's more ROI there?

That's another great question. The current cash on the balance sheet, we think we have meaningful ways to invest it primarily. I'm not sure, Alex, if you want to add any more color at this time about the cash on the balance sheet and how we need deployment.

I don't think I have too much more to add to that, Andrew. You know, we have, again, plenty of cash to run the business, to pay off the debt in December 15th, and we have a range of strategic alternatives, again, to strengthen our capital position and our liquidity.

I would perhaps add that we do have a very meaningful value event that we haven't talked about as an asset, which is the litigation that we recently won against Papaya Gaming. And that's obviously a major moving part for our business right now in determining capital allocation.

Yeah, understood. If I may just ask one more question on the near-term trajectory, if that's all right. just on Q3 and Q4, how should we think about the growth trajectory for Razor? And also on the OPEC side of things, I think you mentioned you might do user acquisition ramp if ROI is good or something. But how do we kind of think about the cadence of it in the coming quarters?

Thank you that's all for me yeah um we're pretty bullish on the uh on the business uh both uh on razor and its continued uh progress uh as well as skills um i'm sure alex has some thoughts that he can give you a little more specifics on uh on guiding uh revenue assumptions through the end of the year yeah absolutely so we mentioned on the skills platform let's just start with that we mentioned some operational issues in q2 that were headwinds those will be slight headwinds into q3 but we have a line of sight to sequential growth in q4 on the skills platform um but let's shift

gears to razor so we mentioned that razor exceeded 10 million of quarterly revenue for the first time in q2 um that was strong 75 year-over-year growth it also delivered its fourth consecutive quarter of profitability and each quarter has since grown sequentially um just last year relative to 24 razer grew from 11 million to 27 million of net revenue so nearly tripling enabled by the launch of ios ua and 168 net retention um as we look into 26 and beyond so ios it's still early ctv is not yet scaled and the infrastructure is built so the revenue growth comes with minimal cost increases or said differently strong operating leverage in this business um and we have very bullish expectations for razor and And for the full year in 26, we expect the revenue to nearly double year over year.

If I could also add, you know, we're really excited about the launch range.

Please hold while we have a technical situation. One moment, please. Ladies and gentlemen, we are currently experiencing technical difficulties. Please stand by as we resolve the issue.

Apologies if I cut out there.

Hi there, Andrew. We can hear you. We are happy to continue. Thank you for your patience, everyone.

I believe we cut out when I was speaking about being really excited about Razor's growth in CTV and what we've seen so far in early results. One of the things that's particularly exciting is the partnership that we have with LG. for being an exclusive gaming advertiser. And when you think about the omni-channel capability for Razer between CTV and device, we see a really bright future for CTV in 2027.

Thanks for taking all my questions.

Welcome. There are no further questions at this time. This concludes today's call. Thank you for attending. You may now disconnect.