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Segment Information
 6 Months Ended
Jun. 30, 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 June 30,Six months ended June 30,
2025202420252024
Revenue by reportable segment:
Technology & Shopping$80,776 $72,567 $162,466 $141,834 
Gaming & Entertainment46,226 42,981 84,252 79,621 
Health & Wellness99,452 85,988 185,238 165,966 
Connectivity57,406 50,281 113,226 103,429 
Cybersecurity & Martech68,349 68,983 135,663 144,435 
Total segment revenues352,209 320,800 680,845 635,285 
Corporate
— — — — 
Total revenues$352,209 $320,800 $680,845 $635,285 

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 June 30, 2025
Technology & ShoppingGaming & EntertainmentHealth & WellnessConnectivityCybersecurity & MartechTotal operating costs and expenses
Salaries, benefits, and other employee expenses$35,627 $11,360 $30,308 $14,649 $17,532 $109,476 
Cloud computing, software, and other related expenses6,793 1,931 4,328 4,440 10,021 27,513 
Advertising and marketing related expenses12,445 5,241 10,890 722 4,619 33,917 
Partner payments568 7,326 12,005 247 5,782 25,928 
Professional and other third-party services6,199 1,729 3,220 4,791 4,742 20,681 
Depreciation and amortization23,049 3,054 14,371 7,272 9,821 57,567 
Other4,039 (1)4,330 (2)8,312 (3)6,481 (4)3,597 (5)26,759 
Total segment operating costs and expenses88,720 34,971 83,434 38,602 56,114 301,841 
Corporate (6)
16,885 
Total operating costs and expenses$318,726 

Three months ended June 30, 2024
Technology & ShoppingGaming & EntertainmentHealth & WellnessConnectivityCybersecurity & MartechTotal operating costs and expenses
Salaries, benefits, and other employee expenses$32,660 $11,852 $28,677 $12,524 $18,684 $104,397 
Cloud computing, software, and other related expenses6,548 1,255 3,576 4,128 9,886 25,393 
Advertising and marketing related expenses11,344 5,289 9,642 689 5,551 32,515 
Partner payments1,544 7,609 8,219 254 5,105 22,731 
Professional and other third-party services3,452 1,767 2,454 3,204 5,050 15,927 
Depreciation and amortization19,864 2,841 13,013 7,616 8,801 52,135 
Other5,222 (1)4,170 (2)7,105 (3)164 (4)4,359 (5)21,020 
Total segment operating costs and expenses80,634 34,783 72,686 28,579 57,436 274,118 
Corporate (6)
18,113 
Total operating costs and expenses$292,231 
Six months ended June 30, 2025
Technology & ShoppingGaming & EntertainmentHealth & WellnessConnectivityCybersecurity & MartechTotal operating costs and expenses
Salaries, benefits, and other employee expenses$69,576 $21,974 $55,949 $28,306 $34,748 $210,553 
Cloud computing, software, and other related expenses13,596 3,968 8,340 8,423 20,206 54,533 
Advertising and marketing related expenses24,753 7,309 19,909 2,284 9,392 63,647 
Partner payments1,512 14,065 21,884 458 11,507 49,426 
Professional and other third-party services11,897 2,818 5,294 9,363 9,230 38,602 
Depreciation and amortization45,454 5,672 27,299 14,652 20,208 113,285 
Other7,585 (1)8,417 (2)13,583 (3)11,424 (4)6,814 (5)47,823 
Total segment operating costs and expenses174,373 64,223 152,258 74,910 112,105 577,869 
Corporate (6)
34,363 
Total operating costs and expenses$612,232 

Six months ended June 30, 2024
Technology & ShoppingGaming & EntertainmentHealth & WellnessConnectivityCybersecurity & MartechTotal operating costs and expenses
Salaries, benefits, and other employee expenses$61,625 $21,820 $56,983 $26,303 $38,010 $204,741 
Cloud computing, software, and other related expenses14,196 2,408 6,995 7,297 20,026 50,922 
Advertising and marketing related expenses22,031 6,809 19,098 2,151 10,850 60,939 
Partner payments3,972 13,547 16,329 444 10,062 44,354 
Professional and other third-party services8,230 2,889 4,477 6,314 9,171 31,081 
Depreciation and amortization37,778 5,233 26,412 14,617 16,542 100,582 
Other8,703 (1)8,202 (2)13,771 (3)5,243 (4)8,799 (5)44,718 
Total segment operating costs and expenses156,535 60,908 144,065 62,369 113,460 537,337 
Corporate (6)
33,518 
Total operating costs and expenses$570,855 
(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 June 30,Six months ended June 30,
2025202420252024
(Loss) income from operations by reportable segment:
Technology & Shopping$(7,944)$(8,067)$(11,907)$(14,701)
Gaming & Entertainment11,255 8,198 20,029 18,713 
Health & Wellness16,018 13,302 32,980 21,901 
Connectivity18,804 21,702 38,316 41,060 
Cybersecurity & Martech12,235 11,547 23,558 30,975 
Total segment operating income
50,368 46,682 102,976 97,948 
Corporate (1)
(16,885)(18,113)(34,363)(33,518)
Income from operations
$33,483 $28,569 $68,613 $64,430 
(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 June 30,Six months ended June 30,
2025202420252024
Capital expenditures:
Technology & Shopping$3,994 $3,741 $7,600 $7,389 
Gaming & Entertainment2,667 176 4,404 2,433 
Health & Wellness10,347 9,188 19,723 17,671 
Connectivity7,142 6,393 12,377 13,236 
Cybersecurity & Martech5,735 5,996 11,220 12,914 
Total from reportable segments29,885 25,494 55,324 53,643 
Corporate248 10 428 (10)
Total capital expenditures$30,133 $25,504 $55,752 $53,633