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Segment and Geographic Information (Tables)

3 Months Ended

Mar. 31, 2025

Segment Reporting [Abstract]

Schedule of Segment Reporting Information, by Segment

The table below summarizes the results of operations that are provided to the CODM. As the Company has one reporting segment, net income is used as the measure of profit or loss to assess segment performance and allocate resources. The Company’s asset information is not regularly provided to the Company’s CODM.

			Three Months Ended March 31,
			2025						2024
			(In thousands)
Revenue from external customers			$	286,357					$	216,964
Less:
Traffic acquisition costs			183,235						164,810
Personnel-related costs			53,627						33,169
Merger and acquisition costs			16,418						—
Depreciation and amortization			12,873						4,900
Marketing and advertising expenses			4,427						1,701
Restructuring charges			7,279						167
Impairment charges			15,614						—
Other segment expenses (1)			37,320						18,814
Interest expense			23,124						937
Other (expense) income and other income, net			484						(1,405)
Benefit from income taxes			(13,201)						(1,088)
Segment and consolidated net loss			$	(54,843)					$	(5,041)

_____________________________________________________________

(1)Other segment expenses primarily consist of hosting and data services, office and related expenses, other professional fees, non-income taxes, provision for credit losses, and other expenses.

Total Revenue Based on Location

The following table presents total revenue based on where the Company’s advertisers are physically located:

			Three Months Ended March 31,
			2025						2024
			(In thousands)
The Americas (1)			$	90,285					$	63,703
EMEA (Europe, the Middle East and Africa)			164,945						135,819
Asia			31,127						17,442
Total revenue			$	286,357					$	216,964

______________________________________________________________

(1) Includes U.S. revenues of $79.2 million and $59.4 million for the three months ended March 31, 2025 and March 31, 2024, respectively.

Property, Equipment and Capitalized Software, Net, and Operating Lease ROU Assets, Net by Geographic Location

The Company’s long-lived assets by geographic location, which are comprised of property, equipment and capitalized software, net and operating lease right-of-use assets, net are summarized below:

			March 31, 2025						December 31, 2024
			(In thousands)
The Americas			$	51,202					$	46,056
EMEA (Europe, the Middle East and Africa)			20,039						13,415
Asia			3,512						826
Total long-lived assets, net			$	74,753					$	60,297

X

- Definition

Tabular disclosure of long-lived assets, excluding financial instruments, long-term customer relationships of a financial institution, mortgage rights, deferred policy acquisition costs, and deferred tax assets, by geographic areas located in the entity's country of domicile and foreign countries in which the entity holds assets.

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Tabular disclosure of revenue from external customers by geographic areas attributed to the entity's country of domicile and to foreign countries from which the entity derives revenue.

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Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

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