| Segment Information Significant Segment Expenses The following table presents our significant expense categories included in our reported measure of segment profitability for the periods presented (in millions): | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended
September 30, | | Nine Months Ended
September 30, | | 2025 | | 2024 | | 2025 | | 2024 | | Revenue | $ | 676 | | | $ | 581 | | | $ | 1,929 | | | $ | 1,682 | | | Less: | | | | | | | | | Headcount-related expenses, excluding share-based compensation | 300 | | | 281 | | | 886 | | | 817 | | | Share-based compensation | 99 | | | 108 | | | 295 | | | 329 | | | Depreciation and amortization | 67 | | | 63 | | | 199 | | | 178 | | | Marketing and advertising costs | 47 | | | 64 | | | 154 | | | 152 | | | Direct product and service costs | 91 | | | 48 | | | 214 | | | 135 | | | Third-party professional service fees | 25 | | | 14 | | | 61 | | | 54 | | | Facility expenses | 6 | | | 5 | | | 20 | | | 22 | | | Impairment costs | 2 | | | — | | | 2 | | | 6 | | Acquisition-related costs | — | | | 1 | | | — | | | 1 | | | Other items (1) | 42 | | | 42 | | | 121 | | | 116 | | | Loss from operations | (3) | | | (45) | | | (23) | | | (128) | | | Loss on extinguishment of debt | — | | | — | | | — | | | (1) | | | Other income, net | 18 | | | 34 | | | 58 | | | 101 | | | Interest expense | (3) | | | (9) | | | (13) | | | (28) | | | Income tax expense | (2) | | | — | | | (2) | | | (4) | | | Net income (loss) | $ | 10 | | | $ | (20) | | | $ | 20 | | | $ | (60) | |
(1) Other items include software and hardware, taxes, insurance, and data acquisition costs.
|