Related Party Transactions |
6 Months Ended |
|---|---|
Jun. 30, 2026 | |
| Related Party Transactions [Abstract] | |
| Related Party Transactions | 10. Related Party Transactions The Company has, in the ordinary course of business, entered into arrangements with other companies who have shareholders in common with the Company. Pursuant to these arrangements, related-party affiliates receive payments for providing website visitor referrals. During the three months ended June 30, 2026 and 2025, the Company recorded expense of $12.0 million and $11.4 million, respectively, related to these arrangements. During the three months ended June 30, 2026 and 2025, the Company paid $15.3 million and $7.2 million, respectively, related to these arrangements. During the six months ended June 30, 2026 and 2025, the Company recorded expense of $24.8 million and $18.6 million, respectively, related to these arrangements. During the six months ended June 30, 2026 and 2025, the Company paid $23.5 million and $11.8 million, respectively, related to these arrangements. As of June 30, 2026 and December 31, 2025, amounts due to related-party affiliates totaled $5.0 million and $3.7 million, respectively, which are included in accounts payable on the accompanying condensed consolidated balance sheets. On August 11, 2025, the Company repurchased 900,000 shares of Class A common stock from Link Ventures, which is an entity affiliated with funds advised by David Blundin, the Company’s chairman of the board of directors and co-founder, and other affiliated entities of Mr. Blundin, at a purchase price of $23.33 per share for an aggregate purchase price of $21.0 million pursuant to the provisions of the Company’s share repurchase program. The purchase price represented an approximate 1.8% discount to the closing price of the Company’s common stock on August 8, 2025. The shares were immediately retired. In connection with the repurchase agreement, Mr. Blundin and Link Ventures entered into a 180-day lock-up agreement with the Company which restricted the sale or transfer of any of the Company’s shares of capital stock beneficially owned by Mr. Blundin, subject to customary exceptions. |