| Schedule of Segment Reporting Information |
The following table shows revenue by reportable segment: | | | | | | | | | | | | | | | | | | | Three Months Ended | | Nine Months Ended | | September 30, 2024 | September 30, 2023 | | September 30, 2024 | September 30, 2023 | | (in thousands) | | Retail Media | $ | 60,765 | | $ | 49,813 | | | $ | 166,414 | | $ | 132,424 | | | Performance Media | 398,127 | | 419,380 | | | 1,213,840 | | 1,250,719 | | | Total Revenue | $ | 458,892 | | $ | 469,193 | | | $ | 1,380,254 | | $ | 1,383,143 | |
The following table shows Contribution ex-TAC by reportable segment and its reconciliation to the Company’s Consolidated Statements of Operation:
| | | | | | | | | | | | | | | | | | | | Three Months Ended | | Nine Months Ended | | | September 30, 2024 | September 30, 2023 | | September 30, 2024 | September 30, 2023 | | | (in thousands) | | | Contribution ex-TAC | | | | | | | | Retail Media | $ | 59,583 | | $ | 48,436 | | | $ | 163,618 | | $ | 129,306 | | | | Performance Media | 206,520 | | 196,959 | | | 623,466 | | 576,924 | | | | $ | 266,103 | | $ | 245,395 | | | $ | 787,084 | | $ | 706,230 | | | | | | | | | | | Other costs of sales | (34,171) | | (40,268) | | | (105,084) | | (119,812) | | | | Gross profit | $ | 231,932 | | $ | 205,127 | | | $ | 682,000 | | $ | 586,418 | | | | Operating expenses | | | | | | | | Research and development expenses | (85,285) | | (62,522) | | | (211,782) | | (193,887) | | | | Sales and operations expenses | (90,823) | | (94,572) | | | (278,734) | | (308,325) | | | | General and administrative expenses | (46,222) | | (36,599) | | | (134,590) | | (95,306) | | | | Total Operating expenses | $ | (222,330) | | $ | (193,693) | | | $ | (625,106) | | $ | (597,518) | | | | | | | | | | | Income (loss) from operations | $ | 9,602 | | $ | 11,434 | | | $ | 56,894 | | $ | (11,100) | | | | Financial and Other Income (Expense) | (8) | | (2,967) | | | 889 | | 2,008 | | | | Income (loss) before tax | $ | 9,594 | | $ | 8,467 | | | $ | 57,783 | | $ | (9,092) | | |
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