Segment Reporting (Tables)

3 Months Ended

Mar. 31, 2015

Financial Performance of Company's Reporting Segments


	Three Months Ended March 31, 2015
	(In thousands)
	Brazil	Argentina	Mexico	Venezuela	Other Countries	Total
Net revenues	$ 68,498	$ 47,431	$ 9,437	$ 13,955	$ 8,782	$ 148,103
Direct costs	(39,681)	(24,785)	(5,969)	(4,204)	(5,172)	(79,811)
Impairment of Long-lived Assets	—	—	—	(16,226)	—	(16,226)
Direct contribution	28,817	22,646	3,468	(6,475)	3,610	52,066

Operating expenses and indirect costs of net revenues						(26,478)
Income from operations						25,588
Other income (expenses):
Interest income and other financial gains						4,308
Interest expense and other financial losses						(4,950)
Foreign currency losses						(8,570)
Net income before income / asset tax expense						$ 16,376


	Three Months Ended March 31, 2014
	(In thousands)
	Brazil	Argentina	Mexico	Venezuela	Other Countries	Total
Net revenues	$ 52,434	$ 27,962	$ 8,083	$ 19,357	$ 7,546	$ 115,382
Direct costs	(30,517)	(16,916)	(4,578)	(5,635)	(3,914)	(61,560)
Direct contribution	21,917	11,046	3,505	13,722	3,632	53,822

Operating expenses and indirect costs of net revenues						(19,821)
Income from operations						34,001
Other income (expenses):
Interest income and other financial gains						3,036
Interest expense and other financial losses						(1,027)
Foreign currency gains						3,093
Net income before income / asset tax expense						$ 39,103

Allocation of Long-Lived Tangible Assets Based on Geography


	March 31,	December 31,
	2015	2014
	(In thousands)

US Property and equipment, net	$ 11,434	$ 13,226
Other countries property and equipment, net
Argentina	29,382	28,005
Brazil	8,211	8,237
Mexico	2,745	2,801
Venezuela (*)	20,618	36,237
Other countries	3,555	3,039
	$ 64,511	$ 78,319
Total Property and equipment, net	$ 75,945	$ 91,545

(*) After the impairment of Venezuelan long-lived assets. See Note 2 “Foreign currency translation - Venezuelan currency status”.

Allocation of Goodwill and Intangible Assets Based on Geography


	March 31,	December 31,
	2015	2014
	(In thousands)

US intangible assets	$ 153	$ 172
Other countries goodwill and intangible assets
Argentina	12,975	12,580
Brazil	9,645	11,212
Mexico	20,929	21,734
Venezuela	7,480	7,515
Other countries (*)	37,196	38,787
	$ 88,225	$ 91,828
Total goodwill and intangible assets	$ 88,378	$ 92,000

(*) Includes the acquisition of online classified advertisement company in Chile. See Note 6.

Consolidated Net Revenues by Similar Products and Services


	Three-months Ended March 31,
	2015	2014
Consolidated Net Revenues	(In thousands)
Marketplace	$ 94,762	$ 83,442
Non-marketplace (*)	53,341	31,940
Total	$ 148,103	$ 115,382

(*) Includes, among other things, Ad Sales, Real Estate, Motors, Financing Fees, Off-platform Payment Fees and other ancillary services.

- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

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