| Schedule of Segment Reporting Information |
The following table provides information about the Company's reportable segments and a reconciliation of the total segment Adjusted EBITDA to income before income taxes (in thousands): | | | | | | | | | | | | | Three Months Ended March 31, | | 2025 | | 2024 | Advertising: | | | | Revenue | $ | 1,158,974 | | | $ | 678,370 | | | Less: | | | | Data center costs | (122,358) | | | (94,133) | | | Personnel related expenses | (52,282) | | | (56,808) | | Other expenses1 | (41,106) | | | (35,409) | | | Advertising Adjusted EBITDA | 943,228 | | | 492,020 | | | Apps: | | | | | Revenue | $ | 325,047 | | | $ | 379,745 | | | Less: | | | | | User acquisition costs | (111,447) | | | (150,636) | | | Payment processing fees | (62,427) | | | (75,611) | | | Professional services costs | (61,420) | | | (58,831) | | Other expenses2 | (27,954) | | | (37,916) | | | Apps Adjusted EBITDA | 61,799 | | | 56,751 | | | Total Segment Adjusted EBITDA | $ | 1,005,027 | | | $ | 548,771 | | | | | | | Interest expense | $ | (52,888) | | | $ | (74,182) | | | Other income, net | 9,042 | | | 3,397 | | | Amortization, depreciation and write-offs | (79,887) | | | (112,667) | | | Goodwill impairment | (188,943) | | | — | | | Loss on disposal of long-lived assets | — | | | (1,646) | | Non-operating foreign exchange gain (loss) | 40 | | | (106) | | | Stock-based compensation | (61,383) | | | (95,253) | | | Transaction-related expense | (6,005) | | | (369) | | | Restructuring costs | (6,609) | | | — | | | Income before income taxes | $ | 618,394 | | | $ | 267,945 | | | | | | | | | |
1 Other segment items for the Advertising reportable segment include professional services costs, facilities costs, advertising costs, software costs, and other individually insignificant costs. 2 Other segment items for the Apps reportable segment include personnel related expenses, data center costs, facilities costs, software costs, and other individually insignificant costs.
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