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Segment Information
 9 Months Ended
Sep. 30, 2023
Segment Reporting [Abstract]  
Segment Information Segment Information
We report our operating results through two reportable segments: A&C and Core.
Our chief operating decision maker (CODM), which, as of September 30, 2023, was our Chief Executive Officer, evaluates the performance of and allocates resources to our segments based on each segment's revenue and earnings before interest, taxes, depreciation and amortization (Segment EBITDA). Segment EBITDA is defined as segment revenues less costs and operating expenses, excluding depreciation and amortization, interest expense (net), provision or benefit for income taxes, equity-based compensation expense, acquisition-related costs, restructuring-related expenses and certain other items. We believe Segment EBITDA serves as a measure that assists our CODM and our investors in comparing our segments' performance on a consistent basis.
Our CODM does not use assets by segment to evaluate performance or allocate resources; therefore, we do not provide disclosure of assets by segment. See Note 2 for property, plant, and equipment, net as well as revenue disaggregated by geography.
The A&C and Core segments provide a view into the product-focused organization of our business and generate revenue as follows:
•A&C primarily consists of sales of products containing proprietary software, commerce products and third-party email and productivity solutions as well as sales of certain products when they are included in bundled offerings of our proprietary software products.
•Core primarily consists of sales of domain registrations and renewals, aftermarket domain sales, website hosting products and website security products when not included in bundled offerings of our proprietary software products as well as sales of products not containing a software component.
There are no internal revenue transactions between our reportable segments.
Corporate overhead primarily includes general and administrative expenses and items not allocated to either segment as well as those costs specifically excluded from Segment EBITDA, our segment measure of profitability, such as depreciation and amortization, interest expense and income and provision or benefit for income taxes.
The following table presents our segment information for the periods indicated:
 Three Months Ended September 30,Nine Months Ended September 30,
2023202220232022
Revenue:
A&C$363.3 $326.0 $1,053.0 $946.3 
Core706.4 707.2 2,100.8 2,105.1 
Total revenue$1,069.7 $1,033.2 $3,153.8 $3,051.4 
Segment EBITDA:
A&C$154.3 $135.6 $429.4 $387.2 
Core208.6 202.1 588.6 578.9 
Total Segment EBITDA362.9 337.7 1,018.0 966.1 
Unallocated corporate overhead(66.9)(75.0)(207.7)(219.1)
Depreciation and amortization(40.6)(48.5)(132.6)(145.1)
Equity-based compensation expense(1)
(76.2)(65.4)(225.3)(193.3)
Interest expense, net of interest income(39.8)(32.1)(115.2)(98.9)
Acquisition-related expenses(2)
1.0 (8.9)(8.7)(27.2)
Restructuring and other (3)
(12.5)(10.6)(72.2)(21.9)
Income before income taxes127.9 97.2 256.3 260.6 
Benefit (provision) for income taxes3.1 2.8 5.2 (1.5)
Net income$131.0 $100.0 $261.5 $259.1 
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(1)The nine months ended September 30, 2023 excludes $2.3 million of equity-based compensation expense associated with our restructuring plan, which is included within restructuring and other.
(2)The three and nine months ended September 30, 2023 include an adjustment of $6.0 million to a previously-recognized acquisition milestone liability.
(3)In addition to the restructuring and other in our statements of operations, other charges included are primarily composed of lease-related expenses associated with closed facilities, charges related to certain legal matters, adjustments to the fair value of our equity investments and expenses incurred in relation to the refinancing of our long-term debt.