XML 37 R22.htm IDEA: XBRL DOCUMENT
v3.25.1

Segment Information | 3 Months Ended
--- | ---
Mar. 31, 2025
Segment Reporting [Abstract] |
Segment Information | Segment Information The Company’s businesses are based on the organizational structure used by the chief operating decision maker (“CODM”). As described in its Annual Report on Form 10-K for the year ended December 31, 2024, the Company has five operating segments which are now presented as the following five reportable segments: 1) Technology & Shopping, 2) Gaming & Entertainment, 3) Health & Wellness, 4) Connectivity, and 5) Cybersecurity & Martech. Prior period segment information is presented on a comparable basis to conform to this new segment presentation with no effect on previously reported consolidated results. The accounting policies of the reportable segments are the same as those described in Note 2 — Basis of Presentation and Summary of Significant Accounting Policies included in the Company’s Form 10-K for the year ended December 31, 2024. The CODM does not use Balance Sheet information in connection with operating and investment decisions and as such that information is not presented. The CODM does use capital expenditures by reportable segment in connection with operating and investment decisions. Information on reportable segments revenues is as follows (in thousands):
| Three months ended March 31, |  |
| 2025 |  | 2024 |  |  |  |
Revenue by reportable segment: |  |  |  |  |  |  |
Technology & Shopping | $ | 81,690 |  |  | $ | 69,267 |  |  |  |  |
Gaming & Entertainment | 38,026 |  |  | 36,640 |  |  |  |  |
Health & Wellness | 85,786 |  |  | 79,978 |  |  |  |  |
Connectivity | 55,820 |  |  | 53,148 |  |  |  |  |
Cybersecurity & Martech | 67,314 |  |  | 75,452 |  |  |  |  |
Total segment revenues | 328,636 |  |  | 314,485 |  |  |  |  |
Corporate | — |  |  | — |  |  |  |  |
Total revenues | $ | 328,636 |  |  | $ | 314,485 |  |  |  |  |
The descriptions of significant reportable segment expenses shown in the following tables are as follows: •Salaries, benefits, and other employee expenses include employee compensation expenses for salaries, bonuses, benefits, payroll taxes, commissions, share-based compensation, severance costs, other related employee costs. •Cloud computing, software, and other related expenses include costs associated with cloud computing, software purchases, web hosting, database hosting, and other computer related costs. •Advertising and related marketing expenses include advertising relationships with an array of online service providers, marketing expenses, and other audience extension costs. •Partner payments include expense associated with revenue sharing arrangements, content fees, and royalties. •Professional and other third-party services include expenses for outside providers including freelancers, consultants, legal costs, and other professional services. Significant reportable segment expenses are set forth in the tables below (in thousands):
| Three months ended March 31, 2025
| Technology & Shopping |  | Gaming & Entertainment |  | Health & Wellness |  | Connectivity |  | Cybersecurity & Martech |  | Total operating costs and expenses
Salaries, benefits, and other employee expenses | $ | 33,949 |  |  | $ | 10,614 |  |  | $ | 25,641 |  |  | $ | 13,657 |  |  | $ | 17,216 |  |  | $ | 101,077 |
Cloud computing, software, and other related expenses | 6,803 |  |  | 2,037 |  |  | 4,012 |  |  | 3,983 |  |  | 10,185 |  |  | 27,020 |
Advertising and marketing related expenses | 12,308 |  |  | 2,068 |  |  | 9,019 |  |  | 1,562 |  |  | 4,773 |  |  | 29,730 |
Partner payments | 944 |  |  | 6,739 |  |  | 9,879 |  |  | 211 |  |  | 5,725 |  |  | 23,498 |
Professional and other third-party services | 5,698 |  |  | 1,089 |  |  | 2,074 |  |  | 4,572 |  |  | 4,488 |  |  | 17,921 |
Depreciation and amortization | 22,405 |  |  | 2,618 |  |  | 12,928 |  |  | 7,380 |  |  | 10,387 |  |  | 55,718 |
Other | 3,546 |  | (1) | 4,087 |  | (2) | 5,271 |  | (3) | 4,943 |  | (4) | 3,217 |  | (5) | 21,064 |
Total segment operating costs and expenses | 85,653 |  |  | 29,252 |  |  | 68,824 |  |  | 36,308 |  |  | 55,991 |  |  | 276,028 |
Corporate (6) |  |  |  |  |  |  |  |  |  |  | 17,478 |
Total operating costs and expenses |  |  |  |  |  |  |  | $ | 293,506 |
| Three months ended March 31, 2024
| Technology & Shopping |  | Gaming & Entertainment |  | Health & Wellness |  | Connectivity |  | Cybersecurity & Martech |  | Total operating costs and expenses
Salaries, benefits, and other employee expenses | $ | 28,965 |  |  | $ | 9,968 |  |  | $ | 28,306 |  |  | $ | 13,779 |  |  | $ | 19,326 |  |  | $ | 100,344 |
Cloud computing, software, and other related expenses | 7,648 |  |  | 1,153 |  |  | 3,419 |  |  | 3,169 |  |  | 10,140 |  |  | 25,529 |
Advertising and marketing related expenses | 10,687 |  |  | 1,520 |  |  | 9,456 |  |  | 1,462 |  |  | 5,299 |  |  | 28,424 |
Partner payments | 2,428 |  |  | 5,938 |  |  | 8,110 |  |  | 190 |  |  | 4,957 |  |  | 21,623 |
Professional and other third-party services | 4,778 |  |  | 1,122 |  |  | 2,023 |  |  | 3,110 |  |  | 4,121 |  |  | 15,154 |
Depreciation and amortization | 17,914 |  |  | 2,392 |  |  | 13,399 |  |  | 7,001 |  |  | 7,741 |  |  | 48,447 |
Other | 3,481 |  | (1) | 4,032 |  | (2) | 6,666 |  | (3) | 5,079 |  | (4) | 4,440 |  | (5) | 23,698 |
Total segment operating costs and expenses | 75,901 |  |  | 26,125 |  |  | 71,379 |  |  | 33,790 |  |  | 56,024 |  |  | 263,219 |
Corporate (6) |  |  |  |  |  |  |  |  |  |  | 15,405 |
Total operating costs and expenses |  |  |  |  |  |  |  | $ | 278,624 |
(1)Other Technology & Shopping operating costs and expenses consist primarily of credit card processing fees, campaign fulfillment costs, travel and entertainment costs, office expenses, bad debt expense, contingent consideration changes, and certain allocated overhead expenses. (2)Other Gaming & Entertainment operating costs and expenses consist primarily of credit card processing fees, inventory-related costs, campaign fulfillment costs, travel and entertainment costs, office expenses, bad debt expense, contingent consideration changes, and certain allocated overhead expenses. (3)Other Health & Wellness operating costs and expenses consist primarily of app-store fees, credit card processing fees, campaign fulfillment costs, travel and entertainment costs, office expenses, bad debt expense, contingent consideration changes, and certain allocated overhead expenses. (4)Other Connectivity operating costs and expenses consist primarily of inventory-related costs, credit card processing fees, inventory related costs, campaign fulfillment costs, travel and entertainment costs, office expenses, bad debt expense, contingent consideration changes, and certain allocated overhead expenses. (5)Other Cybersecurity & Martech operating costs and expenses consist primarily of credit card processing fees, telecommunication backbone costs, travel and entertainment costs, office expenses, bad debt expense, contingent consideration changes, and certain allocated overhead expenses. (6)Corporate includes costs associated with general, administrative, and other expenses (including some depreciation and amortization) that are managed on a global basis and that are not directly attributed to any particular segment. Information on (loss) income from operations is set forth in the table below (in thousands).
| Three months ended March 31, |  |
| 2025 |  | 2024 |  |  |  |
(Loss) income from operations by reportable segment: |  |  |  |  |  |  |
Technology & Shopping | (3,963) |  |  | (6,634) |  |  |  |  |
Gaming & Entertainment | 8,774 |  |  | 10,515 |  |  |  |  |
Health & Wellness | 16,962 |  |  | 8,599 |  |  |  |  |
Connectivity | 19,512 |  |  | 19,358 |  |  |  |  |
Cybersecurity & Martech | 11,323 |  |  | 19,428 |  |  |  |  |
Total segment operating income | 52,608 |  |  | 51,266 |  |  |  |  |
Corporate (1) | (17,478) |  |  | (15,405) |  |  |  |  |
Income from operations | $ | 35,130 |  |  | $ | 35,861 |  |  |  |  |
(1)Corporate includes costs associated with general, administrative, and other expenses that are managed on a global basis and that are not directly attributable to any particular segment. Information on capital expenditures is set forth in the table below (in thousands).
| Three months ended March 31,
| 2025 |  | 2024
Capital expenditures: |  |  |
Technology & Shopping | $ | 3,606 |  |  | $ | 3,648 |
Gaming & Entertainment | 1,737 |  |  | 2,257 |
Health & Wellness | 9,376 |  |  | 8,483 |
Connectivity | 5,235 |  |  | 6,843 |
Cybersecurity & Martech | 5,485 |  |  | 6,918 |
Total from reportable segments | 25,439 |  |  | 28,149 |
Corporate | 180 |  |  | (20) |
Total capital expenditures | $ | 25,619 |  |  | $ | 28,129 |

X
- References No definition available. + Details
Name: | us-gaap_SegmentReportingAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 48 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482785/280-10-55-48 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-32 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 270 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (i) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482964/270-10-50-1 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (ee) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-32 Reference 5: http://fasb.org/us-gaap/role/ref/otherTransitionRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-32 Reference 6: http://www.xbrl.org/2003/role/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 54 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482785/280-10-55-54 Reference 7: http://www.xbrl.org/2003/role/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 47 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482785/280-10-55-47 Reference 8: http://www.xbrl.org/2003/role/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 54 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482785/280-10-55-54 Reference 9: http://www.xbrl.org/2003/role/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 47 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482785/280-10-55-47 Reference 10: http://www.xbrl.org/2003/role/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 54 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482785/280-10-55-54 Reference 11: http://www.xbrl.org/2003/role/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 47 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482785/280-10-55-47 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-22 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 31 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-31 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 34 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-34 Reference 15: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 26C -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-26C Reference 16: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 26B -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-26B Reference 17: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 15 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-15 Reference 18: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 42 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-42 Reference 19: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 40 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-40 Reference 20: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/280/tableOfContent Reference 21: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 26 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-26 Reference 22: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 41 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-41 Reference 23: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-21 Reference 24: 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 25: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-32 + Details
Name: | us-gaap_SegmentReportingDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration