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Segment and Geographic Information (Tables)

3 Months Ended

Mar. 31, 2025

Segment Reporting [Abstract]

Summary of Segment Revenue, Income (Loss) and Depreciation and Amortization

For the three months ended March 31, 2025 and 2024, segment revenue, significant segment expenses, segment depreciation and amortization, segment income (loss) from operations, and the reconciliation from segment income (loss) from operations to total income before income taxes were as follows:

		Three Months Ended March 31,
		2025
		U.S. Marketplace				Digital Wholesale				Total
Revenue
Revenue from external customers		$	195,228			$	12,923			$	208,151
Total segment revenue		$	195,228			$	12,923			$	208,151
Reconciliation of Revenue
Other revenue											17,007
Total revenue										$	225,158
Less:
Cost of revenue(1)			12,880				11,203				24,083
Sales and marketing			72,230				3,329				75,559
Depreciation and amortization			3,649				483				4,132
Other segment items			56,688				3,687				60,375
Total segment expenses			145,447				18,702				164,149
Total segment income (loss) from operations			49,781				(5,779	)			44,002
Reconciliation of segment income (loss) from operations to income from operations:
Other operating income											1,753
Total income from operations											45,755
Reconciliation of total income from operations to total income before income taxes:
Total other income, net											2,796
Total income before income taxes										$	48,551

(1)For the three months ended March 31, 2025, U.S. Marketplace and Digital Wholesale cost of revenue includes depreciation and amortization expense of $1,686 and $425, respectively.

		Three Months Ended March 31,
		2024
		U.S. Marketplace				Digital Wholesale				Total
Revenue
Revenue from external customers		$	172,988			$	28,577			$	201,565
Total segment revenue		$	172,988			$	28,577			$	201,565
Reconciliation of Revenue
Other revenue											14,231
Total revenue										$	215,796
Less:
Cost of revenue(1)			13,437				26,450				39,887
Sales and marketing			67,008				5,885				72,893
Depreciation and amortization			1,628				1,087				2,715
Other segment items			56,698				5,495				62,193
Total segment expenses			138,771				38,917				177,688
Total segment income (loss) from operations			34,217				(10,340	)			23,877
Reconciliation of segment income (loss) from operations to income from operations:
Other operating income											2,407
Total income from operations											26,284
Reconciliation of total income from operations to total income before income taxes:
Total other income, net											3,401
Total income before income taxes										$	29,685

(1)For the three months ended March 31, 2024, U.S. Marketplace and Digital Wholesale cost of revenue includes depreciation and amortization expense of $1,369 and $3,194, respectively.

Summary of Assets by Segment

As of March 31, 2025 and December 31, 2024, segment assets were as follows:

		As of March 31, 2025				As of December 31, 2024
Segment Assets:
U.S. Marketplace		$	534,192			$	674,138
Digital Wholesale			106,438				108,890
Other			48,485				41,508
Total		$	689,115			$	824,536

Summary of Revenue by Geographical Region

For the three months ended March 31, 2025 and 2024, revenue by geographical region were as follows:

		Three Months Ended March 31,
		2025				2024
Revenue by Geographic Region:
U.S.		$	208,151			$	201,565
International			17,007				14,231
Total		$	225,158			$	215,796

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- Definition

Tabular disclosure of all significant reconciling items in the reconciliation of total assets from reportable segments to the entity's consolidated assets.

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Tabular disclosure of information concerning material long-lived assets (excluding financial instruments, customer relationships with financial institutions, mortgage and other servicing rights, deferred policy acquisition costs, and deferred taxes assets) located in identified geographic areas and/or the amount of revenue from external customers attributed to that country from which revenue is material. An entity may also provide subtotals of geographic information about groups of countries.

+ References

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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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