v3.22.2.2
REPORTABLE SEGMENTS
 9 Months Ended
Sep. 30, 2022
Segment Reporting [Abstract]  
REPORTABLE SEGMENTS REPORTABLE SEGMENTS
The Company’s operating segments are determined based on the financial information reviewed by its chief operating decision maker (“CODM”), and the basis upon which management makes resource allocation decisions and assesses the performance of the Company’s segments. The Company evaluates the operating performance of its segments based on financial measures such as net revenue, cost of revenue, and gross profit. Given the nature of the digital marketing solutions business, the amount of assets does not provide meaningful insight into the operating performance of the Company. As a result, the amount of the Company’s assets is not subject to segment allocation and total assets is not included within the disclosure of the Company’s segment financial information.

The following tables are a reconciliation of the operations of our segments to income from operations (in thousands):
Three Months Ended
September 30, 		Nine Months Ended
September 30,
2022202120222021
Net revenue$90,066 $107,399 $290,372 $309,281 
Brand Direct42,318 64,999 148,334 181,054 
Marketplace53,230 58,278 166,128 165,300 
Technology Solutions2,577 2,255 7,461 6,187 
Intercompany eliminations(8,059)(18,133)(31,551)(43,260)
Cost of revenue (exclusive of depreciation and amortization)66,378 77,063 211,997 218,304 
Brand Direct32,873 50,165 117,459 137,759 
Marketplace41,202 44,396 125,045 122,296 
Technology Solutions362 635 1,044 1,509 
Intercompany eliminations(8,059)(18,133)(31,551)(43,260)
Gross profit (exclusive of depreciation and amortization)$23,688 $30,336 $78,375 $90,977 
Brand Direct9,445 14,834 30,875 43,295 
Marketplace12,028 13,882 41,083 43,004 
Technology Solutions2,215 1,620 6,417 4,678 
Salaries and related costs11,668 12,449 38,612 34,426 
General and administrative expenses9,076 10,237 32,622 27,051 
Depreciation and amortization7,142 7,186 21,377 19,649 
Acquisition costs14 420 306 1,820 
Change in fair value of contingent consideration liabilities(3)(3,085)2,533 (2,525)
(Loss) income from operations$(4,209)$3,129 $(17,075)$10,556