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Segment Information
3 Months Ended
Mar. 31, 2023
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”). The Company aggregates its operating segments into two reportable segments: Digital Media and Cybersecurity and Martech.
The accounting policies of the businesses are the same as those described in the Company’s Annual Report on Form 10-K filed with the SEC on March 1, 2023. The Company evaluates performance based on revenue and profit or loss from operations.
Information on reportable segments and reconciliation to income from operations is as follows (in thousands):
Three months ended March 31,
20232022
Revenue by reportable segment:
Digital Media$234,211 $234,827 
Cybersecurity and Martech73,016 80,494 
Elimination of inter-segment revenues(85)(253)
Total segment revenues307,142 315,068 
Corporate (1)
— — 
Total revenues$307,142 $315,068 
Operating costs and expenses by reportable segment (2):
Digital Media205,742 202,707 
Cybersecurity and Martech61,413 68,166 
Elimination of inter-segment operating expenses(85)(253)
Total segment operating expenses267,070 270,620 
Corporate (1)
13,757 13,886 
Total operating costs and expenses280,827 284,506 
Operating income by reportable segment:
Digital Media operating income28,469 32,120 
Cybersecurity and Martech operating income11,603 12,328 
Total segment operating income40,072 44,448 
Corporate (1)
(13,757)(13,886)
Income from operations$26,315 $30,562 
(1)Corporate includes costs associated with general and administrative and other expenses that are managed on a global basis and that are not directly attributable to any particular segment.
(2)Operating expenses for each segment include cost of sales and other operating expenses that are directly attributable to the segment, such as employee compensation expense, local sales and marketing expenses, engineering and network operations expense, depreciation and amortization, and other administrative expenses.