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SEGMENT INFORMATION | 6 Months Ended
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Jun. 30, 2026
Segment Reporting [Abstract] |
SEGMENT INFORMATION | SEGMENT INFORMATION In accordance with ASC Topic 280, Segment Reporting, we disaggregate our operations into two operating and reportable segments: North America and International based on geographically distinct market dynamics. The segment information below reflects the operating results that are regularly provided to and are reviewed by our CODM, who is our CEO, to assess performance and make resource allocation decisions. Our segment information is based on the "management" approach. The "management" approach, as defined within ASC Topic 280, designates the internal reporting used by the CODM for making decisions and assessing performance as the source of our reportable segments. Our measure of segment profitability is contribution profit, defined as net revenues less cost of sales and marketing expenses, as presented below, and is regularly provided to and reviewed by the CODM to allocate resources and assess performance. The CODM assesses our segments’ performance based on contribution profit predominantly in the monthly budget-to-actual variances analysis when making decisions about the allocation of our investment in marketing expenses to each segment. We do not report asset-related information by reportable segment because our CODM does not regularly receive asset information on a reportable segment basis. The following table summarizes revenue by reportable segment and category for the three and six months ended June 30, 2026 and 2025 (in thousands):
| Three Months Ended June 30, |  | Six Months Ended June 30,
| 2026 |  | 2025 |  | 2026 |  | 2025
North America |  |  |  |  |  |  |
Local | $ | 92,888 |  |  | $ | 94,486 |  |  | $ | 178,425 |  |  | $ | 180,428 |
Goods | 863 |  |  | 1,168 |  |  | 1,757 |  |  | 2,680 |
Travel | 4,463 |  |  | 4,342 |  |  | 7,945 |  |  | 8,001 |
Total North America revenue | $ | 98,214 |  |  | $ | 99,996 |  |  | $ | 188,127 |  |  | $ | 191,109 |
International |  |  |  |  |  |  |
Local | $ | 23,980 |  |  | $ | 22,195 |  |  | $ | 48,577 |  |  | $ | 44,614 |
Goods | 1,437 |  |  | 2,262 |  |  | 3,021 |  |  | 4,525 |
Travel | 1,044 |  |  | 1,249 |  |  | 2,150 |  |  | 2,641 |
Total International revenue | $ | 26,461 |  |  | $ | 25,706 |  |  | $ | 53,748 |  |  | $ | 51,780 |
Total revenue | $ | 124,675 |  |  | $ | 125,702 |  |  | $ | 241,875 |  |  | $ | 242,889 |
The following table summarizes contribution profit by reportable segment and reconciles total contribution profit for the reportable segments to consolidated income (loss) from continuing operations before provision (benefit) for income taxes for the three and six months ended June 30, 2026 and 2025 (in thousands):
| Three Months Ended June 30, |  | Six Months Ended June 30,
| 2026 |  | 2025 |  | 2026 |  | 2025
North America |  |  |  |  |  |  |
Revenue | $ | 98,214 |  |  | $ | 99,996 |  |  | $ | 188,127 |  |  | $ | 191,109 |
Cost of revenue |  |  |  |  |  |  |
Payment processor fees | 7,234 |  |  | 6,903 |  |  | 13,628 |  |  | 13,258 |
Other segment items (cost of revenue) (1) | 2,213 |  |  | 1,661 |  |  | 3,809 |  |  | 3,547 |
Total cost of revenue | 9,447 |  |  | 8,564 |  |  | 17,437 |  |  | 16,805 |
Marketing |  |  |  |  |  |  |
Online marketing | 31,516 |  |  | 31,933 |  |  | 56,898 |  |  | 57,860 |
Other segment items (marketing) (2) | 2,312 |  |  | 1,227 |  |  | 3,851 |  |  | 1,775 |
Total marketing | 33,828 |  |  | 33,160 |  |  | 60,749 |  |  | 59,635 |
Segment contribution profit | $ | 54,939 |  |  | $ | 58,272 |  |  | $ | 109,941 |  |  | $ | 114,669 |
International |  |  |  |  |  |  |
Revenue | $ | 26,461 |  |  | $ | 25,706 |  |  | $ | 53,748 |  |  | $ | 51,780 |
Cost of revenue |  |  |  |  |  |  |
Payment processor fees | 1,417 |  |  | 1,408 |  |  | 2,864 |  |  | 2,814 |
Other segment items (cost of revenue) (1) | 419 |  |  | 1,304 |  |  | 2,133 |  |  | 2,546 |
Total cost of revenue | 1,836 |  |  | 2,712 |  |  | 4,997 |  |  | 5,360 |
Marketing |  |  |  |  |  |  |
Online marketing | 8,492 |  |  | 7,434 |  |  | 16,336 |  |  | 14,535 |
Other segment items (marketing) (2) | 945 |  |  | 805 |  |  | 2,513 |  |  | 1,666 |
Total marketing | 9,437 |  |  | 8,239 |  |  | 18,849 |  |  | 16,201 |
Segment contribution profit | $ | 15,188 |  |  | $ | 14,755 |  |  | $ | 29,902 |  |  | $ | 30,219 |
Total |  |  |  |  |  |  |
Total contribution profit for the reportable segments | $ | 70,127 |  |  | $ | 73,027 |  |  | $ | 139,843 |  |  | $ | 144,888 |
Selling, general and administrative | 67,683 |  |  | 70,669 |  |  | 140,711 |  |  | 140,509 |
Restructuring and related charges (credits) | 3,161 |  |  | (46) |  |  | 3,168 |  |  | 91 |
(Gain) on sale of business | — |  |  | (10,650) |  |  | — |  |  | (10,650) |
Income (loss) from operations | (717) |  |  | 13,054 |  |  | (4,036) |  |  | 14,938 |
Other income (expense), net | (3,275) |  |  | 18,466 |  |  | (7,646) |  |  | 26,037 |
Income (loss) from continuing operations before provision (benefit) for income taxes | $ | (3,992) |  |  | $ | 31,520 |  |  | $ | (11,682) |  |  | $ | 40,975 |
(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.

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