Matrimony.com’s (Matrimony) matchmaking revenue grew 8% QoQ and 5.6% YoY in Q1FY24. Billings in matchmaking increased 3.8% QoQ and 6.5% YoY in Q1FY24 vs 8.6% QoQ and 3.9% YoY in Q4FY23. Paid subscriptions were up ~12% YoY. We believe this indicates improving sentiment and augurs well for revenue growth in FY24E.