v3.26.3
Segment Information
 9 Months Ended
Sep. 30, 2026
Segment Reporting [Abstract]  
Segment Information Segment Information
The Company’s businesses are based on the organizational structure used by the chief operating decision maker (“CODM”). Following the classification of Connectivity as held-for-sale during the first quarter of 2026 and its subsequent disposition on June 17, 2026, as described in Note 5 - Divestitures, Connectivity is no longer a reportable segment. Accordingly, beginning in the first quarter of 2026, the Company has four operating segments, each of which constitutes a reportable segment: 1) Technology & Shopping, 2) Gaming & Entertainment, 3) Health & Wellness, and 4) Cybersecurity & Martech.
The accounting policies of the reportable segments are the same as those described in Note 2 — Basis of Presentation and Summary of Significant Accounting Policies included in the Company’s Form 10-K for the year ended December 31, 2025. The CODM does not use Balance Sheet information in connection with operating and investment decisions and as such that information is not presented. The CODM does use capital expenditures by reportable segment in connection with operating and investment decisions.
Information on reportable segments revenues is as follows (in thousands):
Three months ended September 30,Nine months ended September 30,
2026202520262025
Revenue by reportable segment:
Technology & Shopping$81,980 $85,189 $229,896 $247,655 
Gaming & Entertainment46,599 47,578 133,982 131,830 
Health & Wellness92,545 102,306 273,153 287,544 
Cybersecurity & Martech68,202 71,459 206,674 207,122 
Total segment revenues289,326 306,532 843,705 874,151 
Corporate— — — — 
Total revenues$289,326 $306,532 $843,705 $874,151 

The descriptions of significant reportable segment expenses shown in the following tables are as follows:
•Salaries, benefits, and other employee expenses include employee compensation expenses for salaries, bonuses, benefits, payroll taxes, commissions, share-based compensation, severance costs, and other related employee costs.
•Cloud computing, software, and other related expenses include costs associated with cloud computing, software purchases, web hosting, database hosting, and other computer related costs.
•Advertising and marketing related expenses include advertising relationships with an array of online service providers, marketing expenses, and other audience extension costs.
•Partner payments include expenses associated with revenue sharing arrangements, content fees, and royalties.
•Professional and other third-party services include expenses for outside providers including freelancers, consultants, legal costs, and other professional services.
Significant reportable segment expenses are set forth in the tables below (in thousands):
Three months ended September 30, 2026
Technology & ShoppingGaming & EntertainmentHealth & WellnessCybersecurity & MartechTotal operating costs and expenses
Salaries, benefits, and other employee expenses$31,789 $11,697 $27,135 $17,335 $87,956 
Cloud computing, software, and other related expenses5,937 2,241 4,903 11,147 24,228 
Advertising and marketing related expenses16,995 5,577 11,455 3,649 37,676 
Partner payments1,115 7,804 10,139 6,554 25,612 
Professional and other third-party services4,048 201 2,536 4,479 11,264 
Goodwill impairment29,550 — — — 29,550 
Depreciation and amortization20,284 3,479 12,576 9,185 45,524 
Other11,060 (1)4,543 (2)6,489 (3)11,772 (4)33,864 
Total segment operating costs and expenses120,778 35,542 75,233 64,121 295,674 
Corporate (5)
27,262 
Total operating costs and expenses$322,936 

Three months ended September 30, 2025
Technology & ShoppingGaming & EntertainmentHealth & WellnessCybersecurity & MartechTotal operating costs and expenses
Salaries, benefits, and other employee expenses$32,946 $10,365 $30,012 $17,148 $90,471 
Cloud computing, software, and other related expenses6,641 2,090 4,456 11,069 24,256 
Advertising and marketing related expenses11,692 3,604 10,897 4,583 30,776 
Partner payments628 8,231 11,147 5,943 25,949 
Professional and other third-party services6,096 1,374 2,308 5,547 15,325 
Goodwill impairment— — — 17,579 17,579 
Depreciation and amortization22,599 2,949 13,406 11,121 50,075 
Other4,539 (1)4,277 (2)7,222 (3)4,894 (4)20,932 
Total segment operating costs and expenses85,141 32,890 79,448 77,884 275,363 
Corporate (5) (6)
19,758 
Total operating costs and expenses$295,121 
Nine months ended September 30, 2026
Technology & ShoppingGaming & EntertainmentHealth & WellnessCybersecurity & MartechTotal operating costs and expenses
Salaries, benefits, and other employee expenses$97,078 $34,051 $87,159 $54,715 $273,003 
Cloud computing, software, and other related expenses17,355 6,346 13,997 33,153 70,851 
Advertising and marketing related expenses37,413 13,646 32,958 12,336 96,353 
Partner payments4,288 23,227 31,031 19,012 77,558 
Professional and other third-party services11,543 4,697 7,062 13,618 36,920 
Goodwill impairment29,550 — 54,839 — 84,389 
Depreciation and amortization61,421 10,032 39,862 25,633 136,948 
Other19,810 (1)14,025 (2)22,600 (3)17,051 (4)73,486 
Total segment operating costs and expenses278,458 106,024 289,508 175,518 849,508 
Corporate (5)
69,598 
Total operating costs and expenses$919,106 

Nine months ended September 30, 2025
Technology & ShoppingGaming & EntertainmentHealth & WellnessCybersecurity & MartechTotal operating costs and expenses
Salaries, benefits, and other employee expenses$102,522 $32,339 $85,961 $51,896 $272,718 
Cloud computing, software, and other related expenses20,237 6,058 12,796 31,275 70,366 
Advertising and marketing related expenses36,445 10,913 30,806 13,975 92,139 
Partner payments2,140 22,296 33,031 17,450 74,917 
Professional and other third-party services17,993 4,192 7,602 14,777 44,564 
Goodwill impairment— — — 17,579 17,579 
Depreciation and amortization68,053 8,621 40,705 31,329 148,708 
Other12,124 (1)12,694 (2)20,805 (3)11,708 (4)57,331 
Total segment operating costs and expenses259,514 97,113 231,706 189,989 778,322 
Corporate (5) (6)
56,179 
Total operating costs and expenses$834,501 
(1)Other Technology & Shopping operating costs and expenses consist primarily of credit card processing fees, campaign fulfillment costs, travel and entertainment costs, office expenses, bad debt expense, contingent consideration changes, long-lived asset impairment and certain allocated overhead expenses.
(2)Other Gaming & Entertainment operating costs and expenses consist primarily of credit card processing fees, inventory-related costs, campaign fulfillment costs, travel and entertainment costs, office expenses, bad debt expense, contingent consideration changes, and certain allocated overhead expenses.
(3)Other Health & Wellness operating costs and expenses consist primarily of app-store fees, credit card processing fees, campaign fulfillment costs, travel and entertainment costs, office expenses, bad debt expense, contingent consideration changes, long-lived asset impairment and certain allocated overhead expenses.
(4)Other Cybersecurity & Martech operating costs and expenses consist primarily of credit card processing fees, telecommunication backbone costs, travel and entertainment costs, campaign fulfillment costs, office expenses, bad debt expense, contingent consideration changes, long-lived asset impairment and certain allocated overhead expenses.
(5)Corporate includes costs associated with general, administrative, and other expenses (including some depreciation and amortization) that are managed on a global basis and that are not directly attributed to any particular segment.
(6)Includes certain allocated overhead expenses and acquisition-related costs previously reported in the Connectivity reportable segment.

Information on operating (loss) income is set forth in the table below (in thousands):
Three months ended September 30,Nine months ended September 30,
2026202520262025
Operating (loss) income by reportable segment:
Technology & Shopping$(38,798)$48 $(48,562)$(11,859)
Gaming & Entertainment11,057 14,688 27,958 34,717 
Health & Wellness17,312 22,858 (16,355)55,838 
Cybersecurity & Martech4,081 (6,425)31,156 17,133 
Total segment operating (loss) income(6,348)31,169 (5,803)95,829 
Corporate(27,262)(19,758)(69,598)(56,179)
Operating (loss) income$(33,610)$11,411 $(75,401)$39,650 


Information on capital expenditures is set forth in the table below (in thousands):
Three months ended September 30,Nine months ended September 30,
2026202520262025
Capital expenditures:
Technology & Shopping$4,668 $4,146 $14,846 $11,746 
Gaming & Entertainment2,308 1,776 7,536 6,180 
Health & Wellness9,142 10,010 30,555 29,733 
Cybersecurity & Martech6,401 6,213 20,488 17,433 
Total from reportable segments22,519 22,145 73,425 65,092 
Corporate447 192 3,269 620 
Total capital expenditures$22,966 $22,337 $76,694 $65,712