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INFORMATION ABOUT SEGMENT, REVENUE AND GEOGRAPHIC AREAS (Tables) | 9 Months Ended
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Sep. 30, 2025
Segment Reporting [Abstract] |
Schedule of Segment Reporting Information, by Segment | The following table presents a reconciliation of segment net income to net income attributable to common stockholders for the periods presented (in thousands):
| Three Months Ended September 30, |  | Nine Months Ended September 30,
| 2025 |  | 2024 |  | 2025 |  | 2024
Net revenue | $ | 376,038 |  |  | $ | 360,344 |  |  | $ | 1,104,966 |  |  | $ | 1,050,112 |
Less: |  |  |  |  |  |  |
Employee expenses (exclusive of stock-based compensation)(1) | 181,532 |  |  | 169,409 |  |  | 546,804 |  |  | 520,519 |
Cost of revenue (exclusive of depreciation and amortization and stock-based compensation) | 35,290 |  |  | 31,080 |  |  | 103,324 |  |  | 86,315 |
Stock-based compensation | 32,881 |  |  | 39,472 |  |  | 105,125 |  |  | 123,396 |
Other segment items(2) | 55,574 |  |  | 57,174 |  |  | 160,021 |  |  | 168,148 |
Depreciation and amortization | 12,526 |  |  | 9,326 |  |  | 37,241 |  |  | 28,841 |
Provision for income taxes | 18,911 |  |  | 15,443 |  |  | 44,647 |  |  | 32,263 |
Segment net income | $ | 39,324 |  |  | $ | 38,440 |  |  | $ | 107,804 |  |  | $ | 90,630 |
Reconciliation of segment net income to net income attributable to common stockholders |  |  |  |  |  |  |
Adjustments and reconciling items | — |  |  | — |  |  | — |  |  | — |
Net income attributable to common stockholders | $ | 39,324 |  |  | $ | 38,440 |  |  | $ | 107,804 |  |  | $ | 90,630 |
(1) Includes expenses related to employees working in the sales and marketing, product development, and general and administrative departments and excludes expenses related to employees working in the infrastructure department whose costs are included in the cost of revenue (exclusive of depreciation and amortization and stock-based compensation) line. (2) Includes marketing, facilities, travel and entertainment, consulting and professional services, hardware and software, bad debt, litigation settlement, asset impairment, other operating expenses and other income (expense).
Schedule of Revenue by Product Line | The following table presents the Company’s net revenue by major product line (and by category for advertising revenue) for the periods presented (in thousands):
| Three Months Ended September 30, |  | Nine Months Ended September 30,
| 2025 |  | 2024 |  | 2025 |  | 2024
Net revenue by product: |  |  |  |  |  |  |
Advertising revenue by category: |  |  |  |  |  |  |
Services | $ | 243,805 |  |  | $ | 228,009 |  |  | $ | 716,183 |  |  | $ | 654,252 |
Restaurants, Retail & Other | 113,547 |  |  | 116,397 |  |  | 336,867 |  |  | 349,130 |
Total advertising | 357,352 |  |  | 344,406 |  |  | 1,053,050 |  |  | 1,003,382 |
Other | 18,686 |  |  | 15,938 |  |  | 51,916 |  |  | 46,730 |
Total net revenue | $ | 376,038 |  |  | $ | 360,344 |  |  | $ | 1,104,966 |  |  | $ | 1,050,112 |
Schedule of Net Revenue by Geographic Region | The following table presents the Company’s net revenue by major geographic region for the periods presented (in thousands):
| Three Months Ended September 30, |  | Nine Months Ended September 30,
| 2025 |  | 2024 |  | 2025 |  | 2024
United States | $ | 373,566 |  |  | $ | 357,656 |  |  | $ | 1,097,602 |  |  | $ | 1,042,159 |
All other countries | 2,472 |  |  | 2,688 |  |  | 7,364 |  |  | 7,953 |
Total net revenue | $ | 376,038 |  |  | $ | 360,344 |  |  | $ | 1,104,966 |  |  | $ | 1,050,112 |
Schedule of Long-Lived Assets by Geographic Location | The following table presents the Company’s long-lived assets by major geographic region as of September 30, 2025 and December 31, 2024 (in thousands):
| September 30, 2025 |  | December 31, 2024
United States | $ | 86,266 |  |  | $ | 71,641 |
All other countries | 3,497 |  |  | 4,028 |
Total long-lived assets | $ | 89,763 |  |  | $ | 75,669 |

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- 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. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-25 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-22 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 + Details
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