v3.26.1
Segments and Geographical Information (Tables)
 6 Months Ended
Jun. 30, 2026
Segment Reporting [Abstract]  
Summary of Significant Segment Expenses

As a single reportable segment entity, the Company’s segment performance measure is net income (loss), which is used to monitor budget versus actual results. Significant segment expenses, as provided to the CODM, are presented below (in thousands):

 

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

 

 

 

2026

 

 

2025

 

 

2026

 

 

2025

 

Revenue

 

 

$

195,086

 

 

$

156,629

 

 

$

385,938

 

 

$

323,261

 

Less:

 

 

 

 

 

 

 

 

 

 

 

 

 

Advertising expense

 

 

 

138,189

 

 

 

111,109

 

 

 

273,143

 

 

 

230,881

 

Cash operating expense(1)

 

 

 

26,794

 

 

 

23,564

 

 

 

53,363

 

 

 

47,917

 

Other segment items, net(2)

 

 

 

10,917

 

 

 

7,255

 

 

 

21,573

 

 

 

21,772

 

Net income

 

 

$

19,186

 

 

$

14,701

 

 

$

37,859

 

 

$

22,691

 

 

(1) Cash operating expense is primarily comprised of personnel-related costs, technology service costs, professional fees and office-related costs included in cost and operating expense in the Company’s consolidated statements of operations and comprehensive income and does not include non-cash depreciation and amortization and stock-based compensation amounts that are included in cost and operating expenses and legal settlement expense that is also included in cost and operating expenses.

(2) Other segment items, net included within net income include depreciation and amortization and stock-based compensation amounts that are non-cash items included in cost and operating expenses, and legal settlement expense that is considered a non-recurring operating expense, as well as interest income and income taxes. These amounts are also reported within the consolidated statements of operations and comprehensive income and consolidated statements of cash flows. See the accompanying consolidated financial statements for financial information regarding other segment items, net and the Company’s operating segment.