v3.25.1
Segment Information (Tables)
3 Months Ended
Mar. 31, 2025
Segment Reporting [Abstract]  
Reconciliation of Revenue from Segments to Consolidated
The table below sets forth information about reported segment revenue, significant segment expenses, other segment items and consolidated net income (loss).
Three months ended
March 31,
(in $ millions)20252024
Revenue$621$610
Less: (a)
Adjusted cost of revenue (b)
$229 $244 
Adjusted sales and marketing (b)
95 93 
Adjusted technology and content (b)
111 102 
Adjusted general and administrative (c)
45 48 
Total adjusted cost and expenses480 487 
Less other segment items:
Interest income2
Interest expense(24)(33)
Loss on early extinguishment of debt(2)
Depreciation and amortization(40)(47)
Other, net (d)
$(2)$(62)
Net income (loss)$75$(19)
(a)The significant expense categories and amounts align with the information that is regularly provided to the CODM.
(b)Excludes primarily non-cash equity-based compensation and related employer taxes.
(c)Excludes primarily non-cash equity-based compensation and related employer taxes, restructuring costs related to facilities consolidation, integration costs, costs related to mergers and acquisitions, non-cash equity-based compensation and related employer taxes and certain corporate costs.
(d)Relates primarily to restructuring, exit and other related charges, integration costs, mergers and acquisitions, equity-based compensation and related employer taxes, fair value movement of earnout derivative liabilities, provision for income taxes, foreign currency gains (losses) and non-service components of net periodic pension cost.