XML 65 R47.htm IDEA: XBRL DOCUMENT
v3.25.0.1

SEGMENT AND GEOGRAPHICAL INFORMATION (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2024
Segment Reporting [Abstract] |
Schedule of Revenue by Reportable Segment | The following table summarizes revenue by reportable segment and category for the years ended December 31, 2024, 2023 and 2022 (in thousands):
| Year Ended December 31,
| 2024 |  | 2023 |  | 2022
North America |  |  |  |  |
Local | $ | 350,876 |  |  | $ | 346,962 |  |  | $ | 390,449 |
Goods | 10,990 |  |  | 18,436 |  |  | 28,785 |
Travel | 14,206 |  |  | 14,554 |  |  | 17,035 |
Total North America revenue (1) | $ | 376,072 |  |  | $ | 379,952 |  |  | $ | 436,269 |
International |  |  |  |  |
Local | $ | 99,333 |  |  | $ | 111,543 |  |  | $ | 128,295 |
Goods | 10,929 |  |  | 14,961 |  |  | 23,742 |
Travel | 6,223 |  |  | 8,454 |  |  | 10,779 |
Total International revenue (1) | $ | 116,485 |  |  | $ | 134,958 |  |  | $ | 162,816 |
Total revenue | $ | 492,557 |  |  | $ | 514,910 |  |  | $ | 599,085 |
(1)North America includes revenue from the United States of $371.3 million, $374.0 million and $428.5 million for the years ended December 31, 2024, 2023 and 2022. There were no other individual countries that represented more than 10% of consolidated total revenue for the years ended December 31, 2024, 2023 and 2022. Revenue is attributed to individual countries based on the location of the customer.
Schedule of Contribution Profit by Segment | The following table summarizes contribution profit by reportable segment and reconciles contribution profit to consolidated income (loss) before provision (benefit) for income taxes for the years ended December 31, 2024, 2023 and 2022 (in thousands):
| Year Ended December 31,
| 2024 |  | 2023 |  | 2022
North America |  |  |  |  |
Revenue | $ | 376,072 |  |  | $ | 379,952 |  |  | $ | 436,269 |
Cost of revenue |  |  |  |  |
Payment processor fees | 24,608 |  |  | 25,004 |  |  | 25,495 |
Other segment items (cost of revenue) (1) | 13,300 |  |  | 25,955 |  |  | 36,620 |
Total cost of revenue | 37,908 |  |  | 50,959 |  |  | 62,115 |
Marketing |  |  |  |  |
Online marketing | 109,996 |  |  | 69,403 |  |  | 82,257 |
Other segment items (marketing) (2) | 3,100 |  |  | 3,775 |  |  | 21,605 |
Total marketing | 113,096 |  |  | 73,178 |  |  | 103,862 |
Segment contribution profit | $ | 225,068 |  |  | $ | 255,815 |  |  | $ | 270,292 |
International |  |  |  |  |
Revenue | $ | 116,485 |  |  | $ | 134,958 |  |  | $ | 162,816 |
Cost of revenue |  |  |  |  |
Payment processor fees | 5,902 |  |  | 7,415 |  |  | 9,215 |
Other segment items (cost of revenue) (1) | 4,441 |  |  | 5,872 |  |  | 4,931 |
Total cost of revenue | 10,343 |  |  | 13,287 |  |  | 14,146 |
Marketing |  |  |  |  |
Online marketing | 27,432 |  |  | 30,270 |  |  | 38,235 |
Other segment items (marketing) (2) | 3,679 |  |  | 7,057 |  |  | 7,134 |
Total marketing | 31,111 |  |  | 37,327 |  |  | 45,369 |
Segment contribution profit | $ | 75,031 |  |  | $ | 84,344 |  |  | $ | 103,301 |
Total |  |  |  |  |
Total contribution profit for the reportable segments | $ | 300,099 |  |  | $ | 340,159 |  |  | $ | 373,593 |
Selling, general and administrative | 295,399 |  |  | 350,405 |  |  | 481,375 |
Goodwill impairment | — |  |  | — |  |  | 35,424 |
Long-lived asset impairment | — |  |  | — |  |  | 12,259 |
Restructuring and related charges | 1,066 |  |  | 8,006 |  |  | 12,350 |
(Gain) on sale of assets | (5,160) |  |  | — |  |  | — |
Income (loss) from operations | 8,794 |  |  | (18,252) |  |  | (167,815) |
Other income (expense), net | (39,185) |  |  | (25,174) |  |  | (24,155) |
Income (loss) before provision (benefit) for income taxes | $ | (30,391) |  |  | $ | (43,426) |  |  | $ | (191,970) |
(1) Includes editorial costs, compensation expense for technology support personnel who are responsible for maintaining the infrastructure of our websites, amortization of internally-developed software relating to customer-facing applications, and web hosting. (2) Includes offline marketing costs, such as television, compensation expense for marketing employees, and customer acquisition and activation expense.
Schedule of Tangible Property and Equipment, Depreciation and Amortization by Geographical Region | The following summarizes property, equipment and software, net as of December 31, 2024 and 2023 (in thousands):
| December 31,
| 2024 |  | 2023
Furniture and fixtures and other | $ | 394 |  |  | $ | 571 |
Leasehold improvements (1) | 1,001 |  |  | 19,167 |
Computer hardware and purchased software | 4,367 |  |  | 5,741 |
Internally-developed software (2) | 267,777 |  |  | 295,860 |
Total property, equipment and software, gross | 273,539 |  |  | 321,339 |
Less: accumulated depreciation and amortization | (255,712) |  |  | (290,809) |
Property, equipment and software, net | $ | 17,827 |  |  | $ | 30,530 |
(1)The decrease in Leasehold improvements in primarily related to the expiration of our 600 West Chicago lease. (2)The net carrying amount of Internally-developed software was $17.1 million and $28.4 million as of December 31, 2024 and 2023. Depreciation and amortization expense on property, equipment and software is classified as follows in the accompanying Consolidated Statements of Operations for the years ended December 31, 2024, 2023 and 2022 (in thousands):
| Year Ended December 31,
| 2024 |  | 2023 |  | 2022
Cost of revenue | $ | 13,760 |  |  | $ | 25,024 |  |  | $ | 32,554 |
Selling, general and administrative | 14,129 |  |  | 18,377 |  |  | 21,616 |
Total | $ | 27,889 |  |  | $ | 43,401 |  |  | $ | 54,170 |
The following table summarizes tangible property and equipment, net of accumulated depreciation, by geographical region as of December 31, 2024 and 2023 (in thousands):
| December 31,
| 2024 |  | 2023
United States | $ | 344 |  |  | $ | 1,037 |
Rest of the world | 397 |  |  | 1,127 |
Total tangible long-lived assets | $ | 741 |  |  | $ | 2,164 |

X
- Definition Tabular disclosure of physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, balances by class of assets, depreciation and depletion expense and method used, including composite depreciation, and accumulated deprecation. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 1 -SubTopic 10 -Topic 360 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482099/360-10-50-1 + Details
Name: | us-gaap_PropertyPlantAndEquipmentTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the reconciliation of profit (loss) from reportable segments to the consolidated income (loss) before income tax expense (benefit) and discontinued operations. Includes, but is not limited to, reconciliation after income tax if income tax is allocated to the reportable segment. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-31 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 + Details
Name: | us-gaap_ReconciliationOfOperatingProfitLossFromSegmentsToConsolidatedTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of all significant reconciling items in the reconciliation of total revenues from reportable segments to the entity's consolidated revenues. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-31 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 + Details
Name: | us-gaap_ReconciliationOfRevenueFromSegmentsToConsolidatedTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

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