
	Three Months Ended March 31, 2026
	Sports & Leisure		Finance		Lifestyle		Platform & Other		Total
Digital advertising	$	3,145	$	3,088	$	4,244	$	884
Digital subscriptions	—		750		—		67
Publisher revenue	2,116		566		1,019		550
Performance Marketing	711		776		1,024		(1)
Other digital revenue	195		36		21		954
Total digital revenue	6,167		5,216		6,308		2,454
Print revenue	59		—		201		1
Total revenue	6,226		5,216		6,509		2,455		$	20,406

Less: (1)
External Cost of Content	899		753		1,110		930
Internal Cost of Content	1,558		1,011		1,378		296
Technology costs	744		151		238		147
Print, distribution and fulfillment costs	1		—		151		—
Other segment items (2)	12		—		—		625
Segment gross profit	$	3,012	$	3,301	$	3,632	$	457	10,402


Reconciliation of Segment Gross Profit to Loss Before Income Taxes:
Less unallocated cost of revenue amounts:
Internal cost of content	479
Technology costs	1,792
Amortization of developed technology and platform development	1,050
Selling and marketing	1,851
General and administrative	4,641
Depreciation and amortization	893
Interest expense, net	2,421
Loss on impairment of assets	—
Change in valuation of contingent consideration	—
Liquidated damages	75
Total unallocated costs	13,202
Loss before income taxes	$	(2,800)

(1)The significant expense categories and amounts align with the segment-level information that is regularly provided to the chief operating decision maker.


	Three Months Ended March 31, 2025
	Sports & Leisure		Finance		Lifestyle		Platform & Other		Total
Digital advertising	$	9,716	$	3,959	$	5,164	$	2,978
Digital subscriptions	—		1,649		—		22
Publisher revenue	1,611		454		862		157
Performance Marketing	1,108		2,036		1,646		—
Other digital revenue	28		—		—		218
Total digital revenue	12,463		8,098		7,672		3,375
Print revenue	—		—		207		—
Total revenue	12,463		8,098		7,879		3,375		$	31,815

Less: (1)
External Cost of Content	1,972		85		127		1,911
Internal Cost of Content	1,996		2,250		2,381		8
Technology costs	958		537		508		351
Print, distribution and fulfillment costs	1		—		176		—
Other segment items	—		2		—		—
Segment gross profit	$	7,536	$	5,224	$	4,687	$	1,105	18,552


Reconciliation of Segment Gross Profit to Income Before Income Taxes:
Less unallocated cost of revenue amounts:
Internal cost of content	360
Technology costs	1,247
Amortization of developed technology and platform development	1,276
Selling and marketing	2,134
General and administrative	5,283
Depreciation and amortization	890
Interest expense, net	3,004
Loss on impairment of assets	—
Change in valuation of contingent consideration	—
Liquidated damages	75
Total unallocated costs	14,269
Income before income taxes	$	4,283

(1)The significant expense categories and amounts align with the segment-level information that is regularly provided to the chief operating decision maker.