XML 72 R59.htm IDEA: XBRL DOCUMENT v3.25.2
Segment and Geographic Information - Summary of Segment Revenue, Significant Segment Expenses, Segment Depreciation And Amortization, Segment Income (Loss) From Operations, And The Reconciliation From Segment Income (Loss) From Operations To Consolidated Income Before Income Taxes (Details) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Segment Reporting Information [Line Items]        
Total Revenue $ 234,033 $ 218,692 $ 459,191 $ 434,488
Cost of revenue [1] 29,651 36,248 55,102 77,083
Sales and marketing 84,337 82,311 171,053 164,585
Depreciation and amortization 4,136 2,233 8,342 5,025
Total segment expenses 179,538 276,028 333,490 424,705
Other operating income 3,123 2,531 4,876 4,938
Income (loss) from operations 24,844 (93,584) 70,599 (67,300)
Other income, net 2,564 3,161 5,360 6,562
Income (loss) before income taxes 27,408 (90,423) 75,959 (60,738)
Operating Segment        
Segment Reporting Information [Line Items]        
Total Revenue 214,687 203,577 422,838 405,142
Cost of revenue 28,074 [2],[3] 35,161 [4],[5] 52,157 [6],[7] 75,048 [8],[9]
Sales and marketing 71,770 72,608 147,329 145,501
Depreciation and amortization 4,055 2,156 8,187 4,871
Other segment items 89,067 [10] 189,767 [11] 149,442 [12] 251,960 [13]
Total segment expenses 192,966 299,692 357,115 477,380
Total segment income (loss) from operations 21,721 (96,115) 65,723 (72,238)
Other Revenue        
Segment Reporting Information [Line Items]        
Total Revenue 19,346 15,115 36,353 29,346
U.S. Marketplace | Operating Segment        
Segment Reporting Information [Line Items]        
Total Revenue 202,652 180,052 397,880 353,040
Cost of revenue 13,984 [2],[3] 12,058 [4],[5] 26,864 [6],[7] 25,495 [8],[9]
Sales and marketing 69,759 67,506 141,989 134,514
Depreciation and amortization 3,581 1,356 7,230 2,984
Other segment items 56,566 [10] 57,089 [11] 113,254 [12] 113,787 [13]
Total segment expenses 143,890 138,009 289,337 276,780
Total segment income (loss) from operations 58,762 42,043 108,543 76,260
Digital Wholesale | Operating Segment        
Segment Reporting Information [Line Items]        
Total Revenue 12,035 23,525 24,958 52,102
Cost of revenue 14,090 [2],[3] 23,103 [4],[5] 25,293 [6],[7] 49,553 [8],[9]
Sales and marketing 2,011 5,102 5,340 10,987
Depreciation and amortization 474 800 957 1,887
Other segment items 32,501 [10] 132,678 [11] 36,188 [12] 138,173 [13]
Total segment expenses 49,076 161,683 67,778 200,600
Total segment income (loss) from operations $ (37,041) $ (138,158) $ (42,820) $ (148,498)
[1] Includes depreciation and amortization expense for the three months ended June 30, 2025 and 2024 and for the six months ended June 30, 2025 and 2024 of $2,546, $3,430, $4,894, and $8,119, respectively.
[2] For the three months ended June 30, 2025, Digital Wholesale cost of revenue includes impairment of $2,919. For further discussion of impairments, refer to Note 6 of the Unaudited Condensed Consolidated Financial Statements.
[3] For the three months ended June 30, 2025, U.S. Marketplace and Digital Wholesale cost of revenue includes depreciation and amortization expense of $1,864 and $455, respectively.
[4] For the three months ended June 30, 2024, Digital Wholesale cost of revenue includes impairment of $180. For further discussion of impairments, refer to Note 6 of the consolidated financial statements contained within the Annual Report.
[5] For the three months ended June 30, 2024, U.S. Marketplace and Digital Wholesale cost of revenue includes depreciation and amortization expense of $631 and $2,636, respectively.
[6] For the six months ended June 30, 2025, Digital Wholesale cost of revenue includes impairment of $2,919. For further discussion of impairments, refer to Note 6 of the Unaudited Condensed Consolidated Financial Statements.
[7] For the six months ended June 30, 2025, U.S. Marketplace and Digital Wholesale cost of revenue includes depreciation and amortization expense of $3,550 and $880, respectively.
[8] For the six months ended June 30, 2024, U.S. Marketplace and Digital Wholesale cost of revenue includes depreciation and amortization expense of $2,000 and $5,830, respectively.
[9] For the six months ended June 30, 2024, Digital Wholesale cost of revenue includes impairment expense of $180. For further discussion of impairments, refer to Note 6 of the consolidated financial statements contained within the Annual Report.
[10] For the three months ended June 30, 2025, Digital Wholesale other segment items includes impairment of $29,633. For further discussion of impairments, refer to Note 6 of the Unaudited Condensed Consolidated Financial Statements.
[11] For the three months ended June 30, 2024, Digital Wholesale other segment items includes impairment of $127,475. For further discussion of impairments, refer to Note 6 of the consolidated financial statements contained within the Annual Report.
[12] For the six months ended June 30, 2025, Digital Wholesale other segment items includes impairment of $29,633. For further discussion of impairments, refer to Note 6 of the Unaudited Condensed Consolidated Financial Statements.
[13] For the six months ended June 30, 2024, Digital Wholesale other segment items includes impairment of $127,475. For further discussion of impairments, refer to Note 6 of the consolidated financial statements contained within the Annual Report.