v3.25.2
CONSOLIDATED INTERIM STATEMENTS OF INCOME (LOSS) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Income Statement [Abstract]        
Revenues [1] $ 465,474 $ 428,160 $ 892,967 $ 842,168
Cost of revenues:        
Traffic acquisition cost [2] 297,423 278,620 577,220 553,740
Other cost of revenues 32,440 34,762 60,829 64,697
Total cost of revenues 329,863 313,382 638,049 618,437
Gross profit 135,611 114,778 254,918 223,731
Operating expenses:        
Research and development 37,482 33,288 73,438 69,537
Sales and marketing 71,248 64,837 137,138 132,445
General and administrative 26,837 24,284 50,560 47,613
Total operating expenses 135,567 122,409 261,136 249,595
Operating profit (loss) 44 (7,631) (6,218) (25,864)
Finance income (expenses), net [3] (2,491) 1,004 (6,991) (2,634)
Loss before income taxes (2,447) (6,627) (13,209) (28,498)
Income tax benefit (expenses) (1,898) 2,336 114 (1,951)
Net loss $ (4,345) $ (4,291) $ (13,095) $ (30,449)
Net loss per share attributable to Ordinary and Non-voting Ordinary shareholders, basic (in dollars per share) $ (0.01) $ (0.01) $ (40.00) $ (90.00)
Net loss per share attributable to Ordinary and Non-voting Ordinary shareholders, diluted (in dollars per share) $ (0.01) $ (0.01) $ (40.00) $ (90.00)
Weighted-average shares used in computing net loss per share attributable to Ordinary and Non-voting Ordinary shareholders, basic (in shares) 313,572,282 342,566,112 327,578,134,000 344,003,462,000
Weighted-average shares used in computing net loss per share attributable to Ordinary and Non-voting Ordinary shareholders, diluted (in shares) 313,572,282 342,566,112 327,578,134,000 344,003,462,000
[1] Includes revenues from related party of $46,455 and $60,302, for the three months ended June 30, 2025 and 2024, respectively, and $94,780 and $112,426 for the six months ended June 30, 2025 and 2024, respectively.
[2]
(2) Includes traffic acquisition cost to related party of $84,154 and $78,433 for the three months ended June 30, 2025 and 2024, respectively, and $159,556 and $152,044 for the six months ended June 30, 2025 and 2024, respectively.
[3] Includes loss on extinguishment of debt of $6,597 for the six months ended June 30, 2025.