v3.24.0.1
Segment Reporting
 12 Months Ended
Dec. 31, 2023
Segment Reporting [Abstract]  
Segment Reporting Segment Reporting
We have two operating segments and reportable segments: Owned and Operated Advertising and Partner Network. Operating segments are defined as components of an enterprise about which separate financial information is available that is evaluated regularly by the Chief Operating Decision Maker (“CODM”), in deciding how to
allocate resources and assess performance. Our Chief Executive Officer, who is considered to be our CODM, reviews financial information presented on an operating segment basis for purposes of making operating decisions and assessing financial performance.

The CODM measures and evaluates reportable segments based on segment operating revenue as well as adjusted gross profit. The tables below includes the following operating expenses that are not allocated to the reporting segments presented to our CODM: depreciation and amortization of property, equipment and leasehold improvements, amortization of intangible assets and, at times, certain other transactions or adjustments.The CODM does not consider these expenses for the purposes of making decisions to allocate resources among segments or to assess segment performance, however these costs are included in reported consolidated net loss from continuing operations before income tax and are included in the reconciliation that follows.

The following table summarizes revenue by reportable segments (in thousands):
SuccessorPredecessor
Year Ended
December 31, 2023		Period from January 27, 2022 through December 31, 2022Period from January 1, 2022 through January 26, 2022
Owned and Operated Advertising$328,934 $556,303 $49,249 
Partner Network73,037 55,926 3,463 
Total revenue$401,971 $612,229 $52,712 

The following table summarizes adjusted gross profit by reportable segments (in thousands):

SuccessorPredecessor
Year Ended
December 31, 2023		Period from January 27, 2022 through December 31, 2022Period from January 1, 2022 through January 26, 2022
Owned and Operated Advertising$107,696 $138,560 $8,768 
Partner Network53,420 42,291 3,012 
Adjusted gross profit161,116 180,851 11,780 
Other cost of revenue
7,890 7,461 575 
Salaries and benefits106,505 138,045 31,181 
Selling, general, and administrative54,307 50,831 15,665 
Depreciation and amortization78,403 69,469 1,000 
Impairment of goodwill— 372,728 — 
Interest expense, net48,745 31,609 1,049 
Loss on extinguishment of related-party debt2,004 — — 
Change in fair value of Warrant liabilities(5,109)3,751 — 
Loss before income tax$(131,629)$(493,043)$(37,690)

The following table summarizes revenue by geographic region (in thousands):
SuccessorPredecessor
Year Ended
December 31, 2023		Period from January 27, 2022 through December 31, 2022Period from January 1, 2022 through January 26, 2022
United States$385,847 $593,527 $51,701 
Other countries16,124 18,702 1,011 
Total revenue$401,971 $612,229 $52,712 

The following table summarizes property and equipment, net and operating leases by applicable reportable segment: (in thousands):
Successor
December 31, 2023December 31, 2022
Owned and Operated Advertising$7,816 $9,646 

The following table summarizes property and equipment, net and operating leases by geographic region (in thousands):

Successor
December 31, 2023December 31, 2022
United States$3,927 $5,473 
Canada3,432 3,730 
Other countries457 443 
Total$7,816 $9,646