v3.26.1
Segment
 3 Months Ended
Mar. 31, 2026
Segment Reporting [Abstract]  
Segment Segment
The Company determines its operating segments based on how its Chief Operating Decision Maker ("CODM") manages the business, allocates resources, makes operating decisions and evaluates operating performance. The Company’s CODM is its Chief Executive Officer.
The Company operates as a single operating and reportable segment, providing end-to-end advertising solutions through Axon Ads Manager, MAX, Adjust, and Wurl. Revenue is primarily generated from fees paid by advertisers for advertisements placed in mobile applications owned by third-party publishers. As described in Note 2 – Discontinued Operations, the former Apps Business is classified as discontinued operations and excluded from segment results for all periods presented.
As a single reportable segment entity, the Company has determined that its measure of profit or loss is net income from continuing operations, which is the measure most consistent with U.S. GAAP. The CODM uses net income from continuing operations to allocate resources during the annual budgeting and forecasting process, evaluate operating strategies, and assess performance across periods.
The table below is a summary of the segment net income from continuing operations, including significant segment expenses (in thousands):
Three Months Ended March 31,
20262025
Revenue $1,842,449 $1,158,974 
Less:
Datacenter costs
162,229 122,358 
Personnel related expenses51,513 55,191 
Interest expense
51,159 52,888 
Provision for income taxes
225,795 71,068 
Amortization, depreciation and write-offs33,665 31,946 
Stock-based compensation83,469 59,115 
Other expenses1
29,006 42,870 
Net income from continuing operations$1,205,613 $723,538 
1 Other expenses include professional services costs, facilities costs, advertising costs, software costs, and other individually insignificant costs.