| Schedule of Segment Information |
The following table represents our segment information for the year ended December 31, 2024 (in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Year Ended December 31, 2024 |
|
|
|
Marketplace |
|
|
Resale |
|
|
Total |
|
Revenues |
|
$ |
647,891 |
|
|
$ |
127,695 |
|
|
$ |
775,586 |
|
Cost of revenues (exclusive of depreciation and amortization shown separately below) |
|
|
99,460 |
|
|
|
102,394 |
|
|
|
201,854 |
|
Marketing and selling: |
|
|
|
|
|
|
|
|
|
Online |
|
|
261,188 |
|
|
|
— |
|
|
|
261,188 |
|
Offline |
|
|
23,958 |
|
|
|
— |
|
|
|
23,958 |
|
Total marketing and selling |
|
|
285,146 |
|
|
|
— |
|
|
|
285,146 |
|
Contribution margin |
|
|
263,285 |
|
|
|
25,301 |
|
|
|
288,586 |
|
General and administrative |
|
|
|
|
|
|
|
|
202,123 |
|
Depreciation and amortization |
|
|
|
|
|
|
|
|
44,238 |
|
Income from operations |
|
|
|
|
|
|
|
|
42,225 |
|
Interest expense – net |
|
|
|
|
|
|
|
|
23,172 |
|
Other income – net |
|
|
|
|
|
|
|
|
(3,666 |
) |
Income before income taxes |
|
|
|
|
|
|
|
$ |
22,719 |
|
The following table represents our segment information for the year ended December 31, 2023 (in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Year Ended December 31, 2023 |
|
|
|
Marketplace |
|
|
Resale |
|
|
Total |
|
Revenues |
|
$ |
597,388 |
|
|
$ |
115,491 |
|
|
$ |
712,879 |
|
Cost of revenues (exclusive of depreciation and amortization shown separately below) |
|
|
94,557 |
|
|
|
87,627 |
|
|
|
182,184 |
|
Marketing and selling: |
|
|
|
|
|
|
|
|
|
Online |
|
|
239,335 |
|
|
|
— |
|
|
|
239,335 |
|
Offline |
|
|
34,761 |
|
|
|
— |
|
|
|
34,761 |
|
Total marketing and selling |
|
|
274,096 |
|
|
|
— |
|
|
|
274,096 |
|
Contribution margin |
|
|
228,735 |
|
|
|
27,864 |
|
|
|
256,599 |
|
General and administrative |
|
|
|
|
|
|
|
|
159,081 |
|
Depreciation and amortization |
|
|
|
|
|
|
|
|
17,178 |
|
Change in fair value of contingent consideration |
|
|
|
|
|
|
|
|
(998 |
) |
Income from operations |
|
|
|
|
|
|
|
|
81,338 |
|
Interest expense – net |
|
|
|
|
|
|
|
|
13,505 |
|
Other income – net |
|
|
|
|
|
|
|
|
(3,109 |
) |
Income before income taxes |
|
|
|
|
|
|
|
$ |
70,942 |
|
The following table represents our segment information for the year ended December 31, 2022 (in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Year Ended December 31, 2022 |
|
|
|
Marketplace |
|
|
Resale |
|
|
Total |
|
Revenues |
|
$ |
511,094 |
|
|
$ |
89,180 |
|
|
$ |
600,274 |
|
Cost of revenues (exclusive of depreciation and amortization shown separately below) |
|
|
73,126 |
|
|
|
67,382 |
|
|
|
140,508 |
|
Marketing and selling: |
|
|
|
|
|
|
|
|
|
Online |
|
|
224,872 |
|
|
|
— |
|
|
|
224,872 |
|
Offline |
|
|
23,503 |
|
|
|
— |
|
|
|
23,503 |
|
Total marketing and selling |
|
|
248,375 |
|
|
|
— |
|
|
|
248,375 |
|
Contribution margin |
|
|
189,593 |
|
|
|
21,798 |
|
|
|
211,391 |
|
General and administrative |
|
|
|
|
|
|
|
|
127,619 |
|
Depreciation and amortization |
|
|
|
|
|
|
|
|
7,732 |
|
Change in fair value of contingent consideration |
|
|
|
|
|
|
|
|
(2,065 |
) |
Income from operations |
|
|
|
|
|
|
|
|
78,105 |
|
Interest expense – net |
|
|
|
|
|
|
|
|
12,858 |
|
Other income – net |
|
|
|
|
|
|
|
|
(8,227 |
) |
Loss on extinguishment of debt |
|
|
|
|
|
|
|
|
4,285 |
|
Income before income taxes |
|
|
|
|
|
|
|
$ |
69,189 |
|
|