v3.25.1
Unaudited Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Operating activities:    
Net income (loss) $ (11) $ (59)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:    
Depreciation and amortization 21 22
Stock-based compensation expense (Note 9) 28 28
Deferred income tax expense (benefit) 1 8
Other, net 7 6
Changes in operating assets and liabilities, net:    
Accounts receivable, net, prepaid expenses and other assets (65) (69)
Accounts payable, accrued expenses and other liabilities (2) 19
Deferred merchant payables 100 120
Income tax receivables/payables, net (13) 31
Deferred revenue 36 33
Net cash provided by (used in) operating activities 102 139
Investing activities:    
Capital expenditures, including capitalized website development (19) (16)
Net cash provided by (used in) investing activities (19) (16)
Financing activities:    
Proceeds from the issuance of Term Loan B Facility, net of financing costs (Note 6) 341 0
Principal payments on Term Loan B Facility (Note 6) (2) 0
Payment of withholding taxes on net share settlements of equity awards (9) (10)
Funding of term loan facility for related party (327) 0
Payments of finance lease obligation and other financing activities (6) (2)
Net cash provided by (used in) financing activities (3) (12)
Effect of exchange rate changes on cash, cash equivalents and restricted cash 10 (7)
Net increase (decrease) in cash, cash equivalents and restricted cash 90 104
Cash, cash equivalents and restricted cash at beginning of period 1,064 1,067
Cash, cash equivalents and restricted cash at end of period 1,154 1,171
Supplemental disclosure of cash flow information:    
Cash paid (received) during the period for income taxes, net of refunds 2 3
Cash paid during the period for interest $ 10 $ 18