The following table presents our significant expense categories included in our reported measure of segment profitability for the periods presented (in millions): | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended June 30, | | Six Months Ended June 30, | | 2025 | | 2024 | | 2025 | | 2024 | Revenue | $ | 655 | | | $ | 572 | | | $ | 1,253 | | | $ | 1,101 | | Less: | | | | | | | | Headcount-related expenses, excluding share-based compensation | 298 | | | 272 | | | 586 | | | 536 | | Share-based compensation | 99 | | | 113 | | | 196 | | | 221 | | Depreciation and amortization | 67 | | | 59 | | | 132 | | | 115 | | Marketing and advertising costs | 64 | | | 58 | | | 107 | | | 88 | | Direct product and service costs | 73 | | | 44 | | | 123 | | | 87 | | Third-party professional service fees | 19 | | | 20 | | | 36 | | | 40 | | Facility expenses | 7 | | | 8 | | | 14 | | | 16 | | Impairment costs | — | | | — | | | — | | | 6 | | Other items (1) | 39 | | | 36 | | | 79 | | | 75 | | Loss from operations | (11) | | | (38) | | | (20) | | | (83) | | Loss on extinguishment of debt | — | | | (1) | | | — | | | (1) | | Other income, net | 18 | | | 34 | | | 40 | | | 67 | | Interest expense | (5) | | | (10) | | | (10) | | | (19) | | Income tax expense | — | | | (2) | | | — | | | (4) | | Net income (loss) | $ | 2 | | | $ | (17) | | | $ | 10 | | | $ | (40) | |
(1) Other items include software and hardware, taxes, insurance, and data acquisition costs.
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