v3.25.3
Segment and Geographic Information (Tables)
 9 Months Ended
Sep. 30, 2025
Segment Reporting [Abstract]  
Schedule of Segment Reporting Information, by Segment
The table below summarizes the results of operations that are provided to the CODM. As the Company has one reporting segment, net income is used as the measure of profit or loss to assess segment performance and allocate resources. The Company’s asset information is not regularly provided to the Company’s CODM.
Three Months Ended September 30,Nine Months Ended September 30,
2025202420252024
(In thousands)
Revenue from external customers$318,772 $224,177 $948,225 $655,289 
Less:
Traffic acquisition costs188,230 164,483 570,392 487,484 
Personnel-related costs63,157 33,208 184,695 99,702 
Merger and acquisition costs3,656 5,585 25,508 8,787 
Depreciation and amortization17,497 4,843 48,707 14,494 
Marketing and advertising expenses7,524 2,225 22,746 6,688 
Restructuring charges
657 — 9,610 742 
Impairment charges— — 15,614 — 
Other segment expenses (1)
44,331 16,782 123,928 52,565 
Gain on repurchase of long-term debt
— (8,782)(1,225)(8,782)
Interest expense17,084 1,444 57,732 2,950 
Other expense (income) and interest income, net
994 (3,536)2,984 (7,687)
(Benefit) provision for income taxes
(4,668)1,229 (23,620)(1,110)
Segment and consolidated net (loss) income$(19,690)$6,696 $(88,846)$(544)
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(1)Other segment expenses primarily consist of hosting and data services, office and related expenses, other professional fees, non-income taxes, provision for credit losses, and other expenses.
Schedule of Total Revenue Based on Location
The following table presents total revenue based on where the Company’s advertisers are physically located:
Three Months Ended September 30,Nine Months Ended September 30,
2025202420252024
(In thousands)
The Americas (1)
$103,839 $67,496 $298,223 $195,301 
EMEA (Europe, the Middle East and Africa)182,048 134,469 549,981 401,012 
Asia32,885 22,212 100,021 58,976 
Total revenue$318,772 $224,177 $948,225 $655,289 
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(1) Includes U.S. revenues of $92.2 million and $261.5 million for the three and nine months ended September 30, 2025, respectively, and $64.0 million and $183.3 million for the three and nine months ended September 30, 2024, respectively.
Schedule of Property, Equipment and Capitalized Software, Net, and Operating Lease ROU Assets, Net by Geographic Location
The Company’s long-lived assets by geographic location, which are comprised of property, equipment and capitalized software, net and operating lease right-of-use assets, net are summarized below:
September 30, 2025December 31, 2024
(In thousands)
The Americas$48,149 $46,056 
EMEA (Europe, the Middle East and Africa)23,047 13,415 
Asia3,103 826 
Total long-lived assets, net$74,299 $60,297