v3.24.3
Segment and Geographic Information (Tables)
9 Months Ended
Sep. 30, 2024
Segment Reporting [Abstract]  
Summary of Segment Revenue, Income (Loss) and Depreciation and Amortization

For the three months ended September 30, 2024 and 2023 and for the nine months ended September 30, 2024 and 2023, segment revenue, segment income (loss) from operations, and segment depreciation and amortization are as follows:

 

 

 

Three Months Ended
September 30,

 

 

Nine Months Ended
September 30,

 

 

 

2024

 

 

2023

 

 

2024

 

 

2023

 

Segment Revenue:

 

 

 

 

 

 

 

 

 

 

 

 

U.S. Marketplace

 

$

187,253

 

 

$

164,323

 

 

$

540,293

 

 

$

478,387

 

Digital Wholesale

 

 

27,339

 

 

 

41,510

 

 

 

79,441

 

 

 

175,133

 

Other

 

 

16,766

 

 

 

13,586

 

 

 

46,112

 

 

 

37,599

 

Total

 

$

231,358

 

 

$

219,419

 

 

$

665,846

 

 

$

691,119

 

 

 

 

Three Months Ended
September 30,

 

 

Nine Months Ended
September 30,

 

 

 

2024

 

 

2023

 

 

2024

 

 

2023

 

Segment Income (Loss) from Operations:

 

 

 

 

 

 

 

 

 

 

 

 

U.S. Marketplace

 

$

50,410

 

 

$

33,285

 

 

$

126,670

 

 

$

84,443

 

Digital Wholesale

 

 

(25,317

)

 

$

(11,652

)

 

 

(173,815

)

 

$

(29,184

)

Other

 

 

2,341

 

 

$

1,462

 

 

 

7,279

 

 

$

(367

)

Total

 

$

27,434

 

 

$

23,095

 

 

$

(39,866

)

 

$

54,892

 

 

 

 

Three Months Ended
September 30,

 

 

Nine Months Ended
September 30,

 

 

 

2024

 

 

2023

 

 

2024

 

 

2023

 

Segment Depreciation and Amortization:

 

 

 

 

 

 

 

 

 

 

 

 

U.S. Marketplace

 

$

2,594

 

 

$

2,971

 

 

$

7,578

 

 

$

8,534

 

Digital Wholesale

 

 

2,286

 

 

 

9,334

 

 

 

10,003

 

 

 

26,728

 

Other

 

 

298

 

 

 

165

 

 

 

741

 

 

 

451

 

Total

 

$

5,178

 

 

$

12,470

 

 

$

18,322

 

 

$

35,713

 

Summary of Reconciliation Between Segment Income (Loss) from Operations

For the three months ended September 30, 2024 and 2023 and for the nine months ended September 30, 2024 and 2023, a reconciliation between total segment income (loss) from operations to consolidated income (loss) before income taxes is as follows:

 

 

 

Three Months Ended
September 30,

 

 

Nine Months Ended
September 30,

 

 

 

2024

 

 

2023

 

 

2024

 

 

2023

 

Total segment income (loss) from operations

 

$

27,434

 

 

$

23,095

 

 

$

(39,866

)

 

$

54,892

 

Total other income, net

 

 

2,623

 

 

 

4,167

 

 

 

9,185

 

 

 

13,185

 

Consolidated income (loss) before income taxes

 

$

30,057

 

 

$

27,262

 

 

$

(30,681

)

 

$

68,077

 

Summary of Assets by Segment

As of September 30, 2024 and December 31, 2023, segment assets are as follows:

 

 

 

As of
September 30,
2024

 

 

As of
December 31,
2023

 

Segment Assets:

 

 

 

 

 

 

U.S. Marketplace

 

$

615,771

 

 

$

607,307

 

Digital Wholesale

 

 

118,839

 

 

 

258,458

 

Other

 

 

43,551

 

 

 

53,162

 

Total

 

$

778,161

 

 

$

918,927

 

 

Summary of Revenue by Geographical Region

For the three months ended September 30, 2024 and 2023 and for the nine months ended September 30, 2024 and 2023, revenue by geographical region is as follows:

 

 

 

Three Months Ended
September 30,

 

 

Nine Months Ended
September 30,

 

 

 

2024

 

 

2023

 

 

2024

 

 

2023

 

Revenue by Geographic Region:

 

 

 

 

 

 

 

 

 

 

 

 

United States

 

$

214,592

 

 

$

205,833

 

 

$

619,734

 

 

$

653,520

 

International

 

 

16,766

 

 

 

13,586

 

 

 

46,112

 

 

 

37,599

 

Total

 

$

231,358

 

 

$

219,419

 

 

$

665,846

 

 

$

691,119