Segment Information (Tables)

9 Months Ended

Sep. 30, 2023

The following tables present financial information for each of our reportable segments for the periods then ended:


	Three Months Ended September 30,				Nine Months Ended September 30,
	2023		2022		2023		2022
Segment Revenue	(In thousands)
Consumer Services	$	118,204	$	135,763	$	387,128	$	445,479
B2B Services	199,206		158,224		551,150		435,638
Money Movement Services	32,089		37,671		180,304		189,130
Corporate and Other	(928)		5,542		3,496		16,732
Total segment revenues	348,571		337,200		1,122,078		1,086,979
BaaS commissions and processing expenses	5,168		7,314		15,346		22,255
Other income	(710)		(766)		(2,139)		(2,100)
Total operating revenues	$	353,029	$	343,748	$	1,135,285	$	1,107,134

Segment revenue adjustments represent commissions and certain processing-related costs associated with our BaaS products and services, which are netted against our B2B Services revenues when evaluating segment performance, as well as certain other investment income earned by our bank, which is included in Corporate and Other.

Note 19—Segment Information (continued)


	Three Months Ended September 30,				Nine Months Ended September 30,
	2023		2022		2023		2022
Segment Profit	(In thousands)
Consumer Services	$	42,426	$	53,941	$	139,450	$	168,605
B2B Services	18,883		22,396		58,808		67,435
Money Movement Services	12,850		14,669		103,650		106,280
Corporate and Other	(50,424)		(45,513)		(156,761)		(138,953)
Total segment profit	23,735		45,493		145,147		203,367

Reconciliation to (loss) income before income taxes
Depreciation and amortization of property, equipment and internal-use software	14,720		14,482		42,307		42,881
Stock based compensation and related employer taxes	7,966		10,871		28,255		31,810
Amortization of acquired intangible assets	5,648		5,664		18,593		17,845
Impairment charges	—		—		—		4,134
Legal settlements and related expenses	545		2,864		1,964		16,359
Other expense	1,695		847		5,086		4,042
Operating (loss) income	(6,839)		10,765		48,942		86,296
Interest expense, net	239		27		2,121		143
Other expense, net	(802)		(4,249)		(6,050)		(9,057)
(Loss) income before income taxes	$	(7,880)	$	6,489	$	40,771	$	77,096