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Segments | 6 Months Ended
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Jun. 30, 2025
Segment Reporting [Abstract] |
Segments | Segments We have one reportable segment, which reflects how the chief operating decision maker (“CODM”), the Company’s President and Chief Executive Officer, reviews and assesses performance of the business. The CODM assesses the performance of the Company and decides how to allocate resources based on consolidated net income reported in the condensed consolidated statement of income. The CODM uses consolidated net income in deciding whether to reinvest profits into certain parts of the business or return a portion of such profits to shareholders through dividends and stock repurchases. Significant expense categories regularly provided to and reviewed by the CODM are those presented in the condensed consolidated statement of income. The measure of segment assets is reported on the condensed consolidated balance sheet as total assets, although the CODM does not evaluate asset information for purposes of allocating resources or evaluating performance. Net Revenues The following table summarizes net revenues by activity for the periods indicated (in millions):
| Three Months Ended June 30, |  | Six Months Ended June 30,
| 2025 |  | 2024 |  | 2025 |  | 2024
Marketplace revenues | $ | 2,248 |  |  | $ | 2,174 |  |  | $ | 4,391 |  |  | $ | 4,346 |
Advertising revenues | 482 |  |  | 398 |  |  | 924 |  |  | 782 |
Total net revenues | $ | 2,730 |  |  | $ | 2,572 |  |  | $ | 5,315 |  |  | $ | 5,128 |
Net Revenues by Geography Net revenues, inclusive of the effects of foreign exchange during each period, are attributed to the United States and international geographies primarily based upon the country in which the customer is located. The following table summarizes the allocation of net revenues based on geography for the periods indicated (in millions):
| Three Months Ended June 30, |  | Six Months Ended June 30,
| 2025 |  | 2024 |  | 2025 |  | 2024
United States | $ | 1,397 |  |  | $ | 1,293 |  |  | $ | 2,743 |  |  | $ | 2,595 |
United Kingdom | 381 |  |  | 392 |  |  | 712 |  |  | 782 |
China | 314 |  |  | 291 |  |  | 611 |  |  | 566 |
Germany | 253 |  |  | 247 |  |  | 483 |  |  | 489 |
Rest of world | 385 |  |  | 349 |  |  | 766 |  |  | 696 |
Total net revenues | $ | 2,730 |  |  | $ | 2,572 |  |  | $ | 5,315 |  |  | $ | 5,128 |

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-21 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name 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