| 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:
|
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|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended September 30, |
|
|
Nine Months Ended September 30, |
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|
|
2024 |
|
|
2023 |
|
|
2024 |
|
|
2023 |
|
Segment Revenue: |
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|
|
|
|
|
|
|
|
|
|
|
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:
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|
|
|
|
|
|
|
|
|
|
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:
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|
As of September 30, 2024 |
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|
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:
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|
|
|
|
|
|
|
|
|
|
|
|
|
|
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 |
|
|