v3.26.1
Segment and Geographic Information
 3 Months Ended
Mar. 31, 2026
Segment Reporting [Abstract]  
Segment and Geographic Information Segment and Geographic Information
The Company is currently organized and operates as one operating and reportable segment on a consolidated basis. The Company’s revenues are supported by its searchable creative platform and driven by its large contributor network. The Company’s chief executive officer, who is its chief operating decision maker (“CODM”), evaluates the performance of the Company’s operating segment based on net income. The CODM considers budget-to-actual variances when making decisions about capital allocation to the segment. Asset information is not provided to the Company’s CODM as that information is not used in the determination of resource allocation or in assessing the performance of the Company’s segment.

The following table reconciles the company’s revenues and significant operating expense categories used to evaluate the business and allocate resources to Net income:
 Three Months Ended March 31,
  (in thousands)20262025
Revenue$199,170 $242,620 
Less:
Technology costs20,152 20,069 
Advertising costs17,648 21,663 
Adjusted cost of revenue1
82,860 89,432 
Adjusted sales and marketing1
29,343 30,522 
Adjusted product and development1
16,031 16,721 
Adjusted general and administrative1
64,090 54,012 
Total operating expenses230,124 232,419 
(Loss) / Income from operations(30,954)10,201 
Interest expense(3,760)(4,298)
Other (expense) / income, net(14,661)14,515 
(Loss) / income before income taxes(49,375)20,418 
(Benefit) / provision for income taxes(1,806)1,730 
Net (loss) / income$(47,569)$18,688 
1Excludes technology and advertising costs
The following represents the Company’s depreciation and amortization by expense category:
Three Months Ended March 31,
($ in thousands)20262025
Cost of revenue$20,898 $20,742 
General and administrative1,806 1,929 
Total depreciation and amortization$22,704 $22,671 
The following table presents the Company’s revenue based on customer location (in thousands): 
 Three Months Ended March 31,
 20262025
North America$89,021 $120,208 
Europe62,721 66,179 
Rest of the world47,428 56,233 
Total revenue$199,170 $242,620 
The United States, included in North America in the above table, accounted for 33% and 39% of consolidated revenue for the three months ended March 31, 2026 and 2025, respectively. No other country accounts for more than 10% of the Company’s revenue in any period presented.
The Company’s long-lived tangible assets were located as follows (in thousands):
As of March 31,As of December 31,
20262025
North America$30,628 $32,553 
Europe16,832 17,382 
Rest of the world14,508 12,618 
Total long-lived tangible assets$61,968 $62,553 
The United States, included in North America in the above table, accounted for 46% and 48% of total long-lived tangible assets as of March 31, 2026 and December 31, 2025, respectively. Ireland, included in Europe in the above table, accounted for 23% and 23% of total long-lived tangible assets as of March 31, 2026 and December 31, 2025, respectively. Australia, included in Rest of the world in the above table, accounted for 23% and 20% of the total long-lived tangible assets as of March 31, 2026 and December 31, 2025, respectively. No other country accounts for more than 10% of the Company’s long-lived tangible assets in any period presented.