v3.26.1
Segments
 3 Months Ended
Mar. 31, 2026
Segment Reporting [Abstract]  
Segments

8. Segments

The Company’s reportable segments, consisting of Branded Services, Experiential Services, and Retailer Services, have separate financial information and are evaluated regularly by the Company’s Chief Operating Decision Maker (“CODM”), a position currently held by the Company's Chief Executive Officer, in deciding how to allocate resources and in assessing performance.

The CODM utilizes segment operating income to assess the performance and allocate resources to each reportable segment. The CODM is not provided asset information by reportable segment.

The tables below summarize revenues, significant expenses and operating income (loss) by reportable segment:

 

Three Months Ended March 31, 2026

 

(in thousands)

Branded Services

 

 

Experiential Services

 

 

Retailer Services

 

 

Total Company

 

Revenues

$

256,992

 

 

$

385,480

 

 

$

227,129

 

 

$

869,601

 

Less:

 

 

 

 

 

 

 

 

 

 

 

Compensation and benefits

 

138,664

 

 

 

201,791

 

 

 

145,593

 

 

 

486,048

 

Reimbursable expenses1

 

30,825

 

 

 

115,348

 

 

 

—

 

 

 

146,173

 

Other segment items2

 

73,256

 

 

 

45,543

 

 

 

63,863

 

 

 

182,662

 

Depreciation and amortization

 

31,322

 

 

 

11,299

 

 

 

8,949

 

 

 

51,570

 

Gain on divestiture

 

(1,014

)

 

 

—

 

 

 

—

 

 

 

(1,014

)

Total segment operating expenses

 

273,053

 

 

 

373,981

 

 

 

218,405

 

 

 

865,439

 

 

 

 

 

 

 

 

 

 

 

 

 

Total segment operating (loss) income

$

(16,061

)

 

$

11,499

 

 

$

8,724

 

 

$

4,162

 

 

 

Three Months Ended March 31, 2025

 

(in thousands)

Branded Services

 

 

Experiential Services

 

 

Retailer Services

 

 

Total Company

 

Revenues

$

289,841

 

 

$

314,020

 

 

$

217,931

 

 

$

821,792

 

Less:

 

 

 

 

 

 

 

 

 

 

 

Compensation and benefits

 

160,845

 

 

 

155,823

 

 

 

144,748

 

 

 

461,416

 

Reimbursable expenses1

 

32,959

 

 

 

93,250

 

 

 

—

 

 

 

126,209

 

Other segment items2

 

81,464

 

 

 

57,914

 

 

 

60,616

 

 

 

199,994

 

Depreciation and amortization

 

31,462

 

 

 

10,537

 

 

 

8,362

 

 

 

50,361

 

Income from investment in European joint venture and other

 

(1,567

)

 

 

—

 

 

 

—

 

 

 

(1,567

)

Total segment operating expenses

 

305,163

 

 

 

317,524

 

 

 

213,726

 

 

 

836,413

 

 

 

 

 

 

 

 

 

 

 

 

 

Total segment operating (loss) income

$

(15,322

)

 

$

(3,504

)

 

$

4,205

 

 

$

(14,621

)

 

 

 

(1) Reimbursable expenses are costs incurred in the delivery of services to the Company's clients that the client has agreed to reimburse, including media, sample, retailer fees and other marketing and production costs.

(2) The “other segment items” category primarily consists of costs incurred in the execution of service obligations, including supplies, technology, and other direct expenses such as travel and indirect general and administrative expenses such as professional fees. These costs align with the segment-level information regularly provided to the CODM and represent the difference between revenue and the significant expense categories above in determining segment profitability.