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Accrued Expenses

9 Months Ended

Sep. 30, 2023

Payables and Accruals [Abstract]

Accrued Expenses

Accrued Expenses Accrued expenses consisted of the following (in thousands):

			As of September 30, 2023						As of December 31, 2022
Compensation			$	72,861					$	40,314
Non-income taxes			22,479						24,390
Website hosting and marketing fees			9,922						6,608
Other expenses			18,572						18,075
Total accrued expenses			$	123,834					$	89,387

As of September 30, 2023, compensation-related accrued expenses included amounts due to Giphy employees for compensation earned pre-acquisition and severance costs associated with workforce optimizations. For the three months ended September 30, 2023, the Company recognized $5.0 million of severance costs associated with workforce optimizations. Of this amount, approximately $4.9 million is included within accrued expenses as of September 30, 2023 and is expected to be paid to employees over the next 12 months.

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The entire disclosure for accrued expenses classified as current at the end of the reporting period.

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