v3.26.1
Unaudited Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Operating activities:    
Net Income (Loss) $ (10.0) $ 25.0
Less: Net income (loss) from discontinued operations, net of tax (2.2) (8.7)
Net income (loss) from continuing operations (7.8) 33.7
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities - continuing operations:    
Depreciation and amortization 37.6 34.8
Stock-based compensation expense (Note 10) 35.3 51.5
Other, net (0.9) 14.9
Changes in operating assets and liabilities, net:    
Accounts receivable, net, prepaid expenses and other assets (63.4) (72.3)
Accounts payable, accrued expenses and other liabilities 52.4 20.0
Deferred merchant payables 183.0 202.2
Income tax receivables/payables, net (15.4) (15.4)
Deferred revenue 31.6 35.3
Net cash provided by (used in) operating activities - continuing operations 252.4 304.7
Net cash provided by (used in) operating activities - discontinued operations 9.1 (1.2)
Net cash provided by (used in) operating activities 261.5 303.5
Investing activities:    
Capital expenditures, including capitalized website development (22.5) (34.3)
Other investing activities, net 0.0 (2.2)
Net cash provided by (used in) investing activities - continuing operations (22.5) (36.5)
Net cash provided by (used in) investing activities - discontinued operations (10.7) (9.6)
Net cash provided by (used in) investing activities (33.2) (46.1)
Financing activities:    
Proceeds from the issuance of Term Loan B Facility, net of financing costs (Note 7) 0.0 341.4
Repayment of 2026 Senior Notes (Note 7) (345.0) 0.0
Principal payments on Term Loan B Facility (Note 7) (4.3) (4.3)
Repurchase of common stock related to Merger, including transaction costs (Note 1) 0.0 (410.7)
Repurchase of common stock under the share repurchase program (Note 11) 0.0 (40.0)
Payment of withholding taxes on net share settlements of equity awards (5.9) (10.1)
Payments of finance lease obligation (3.9) (3.9)
Net cash provided by (used in) financing activities - continuing operations (359.1) (127.6)
Net cash provided by (used in) financing activities - discontinued operations (1.6) (1.9)
Net cash provided by (used in) financing activities (360.7) (129.5)
Effect of exchange rate changes on cash, cash equivalents and restricted cash (7.4) 19.7
Net increase (decrease) in cash, cash equivalents and restricted cash (139.8) 147.6
Cash, cash equivalents and restricted cash at beginning of period 1,034.9 1,064.3
Cash, cash equivalents and restricted cash at end of period 895.1 1,211.9
Less: Cash, cash equivalents and restricted cash at end of period from discontinued operations 51.9 56.4
Cash, cash equivalents and restricted cash at end of period from continuing operations 843.2 1,155.5
Supplemental disclosure of cash flow information:    
Cash paid during the period for income taxes, net of refunds 4.4 15.5
Cash paid during the period for interest 28.6 26.8
Supplemental disclosure of non-cash flow financing activities:    
Issuance of common stock related to Merger (Note 1) 0.0 38.9
Net operating loss carryforwards retained related to Merger (Note 1) $ 0.0 $ 13.1