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SEGMENT INFORMATION
 6 Months Ended
Jun. 30, 2024
Segment Reporting [Abstract]  
SEGMENT INFORMATION SEGMENT INFORMATION
The Company manages its business and reports its financial results through the following three operating and reportable segments: Home, Consumer, and Insurance. Characteristics which were relied upon in making the determination of the reportable segments include the nature of the products, the organization's internal structure, and the information that is regularly reviewed by the chief operating decision maker for the purpose of assessing performance and allocating resources.
The Home segment includes the following products: purchase mortgage, refinance mortgage, and home equity loans and lines of credit. The Consumer segment includes the following products: credit cards, personal loans, small business loans, student loans, auto loans, deposit accounts, and other credit products such as credit repair and debt settlement. The credit repair business was closed at the end of the second quarter of 2023. The Insurance segment consists of insurance quote products and sales of insurance policies in the agency businesses.
The following tables are a reconciliation of segment profit, which is the Company's primary segment profitability measure, to income before income taxes. Segment marketing expense represents the portion of selling and marketing expense attributable to variable costs paid for advertising, direct marketing and related expenses, that are directly attributable to the segments' products. This measure excludes overhead, fixed costs and personnel-related expenses.
Three Months Ended June 30, 2024
HomeConsumerInsuranceOtherTotal
(in thousands)
Revenue$32,166 $55,901 $122,071 $2 $210,140 
Segment marketing expense22,877 28,989 85,706 80 137,652 
Segment profit (loss)9,289 26,912 36,365 (78)72,488 
Cost of revenue8,411 
Brand and other marketing expense10,735 
General and administrative expense27,118 
Product development10,374 
Depreciation4,601 
Amortization of intangibles1,467 
Restructuring and severance202 
Litigation settlements and contingencies(7)
Operating income9,587 
Interest expense, net(1,201)
Other income1,052 
Income before income taxes$9,438 
Three Months Ended June 30, 2023
HomeConsumerInsuranceOtherTotal
(in thousands)
Revenue$41,563 $82,477 $58,398 $15 $182,453 
Segment marketing expense28,216 41,807 33,647 274 103,944 
Segment profit (loss)13,347 40,670 24,751 (259)78,509 
Cost of revenue9,302 
Brand and other marketing expense12,121 
General and administrative expense29,160 
Product development10,601 
Depreciation4,684 
Amortization of intangibles1,982 
Restructuring and severance3,558 
Litigation settlements and contingencies488 
Operating income6,613 
Interest expense, net(6,940)
Other income439 
Income before income taxes$112 
Six Months Ended June 30, 2024
HomeConsumerInsuranceOtherTotal
(in thousands)
Revenue$62,609 $107,352 $207,943 $4 $377,908 
Segment marketing expense43,710 53,000 138,129 59 234,898 
Segment profit (loss)18,899 54,352 69,814 (55)143,010 
Cost of revenue16,956 
Brand and other marketing expense21,665 
General and administrative expense52,914 
Product development22,231 
Depreciation9,268 
Amortization of intangibles2,956 
Restructuring and severance225 
Litigation settlements and contingencies29 
Operating income16,766 
Interest expense, net(7,839)
Other income2,086 
Income before income taxes$11,013 
Six Months Ended June 30, 2023
HomeConsumerInsuranceOtherTotal
(in thousands)
Revenue$85,238 $162,186 $135,480 $57 $382,961 
Segment marketing expense56,783 86,640 80,577 495 224,495 
Segment profit (loss)28,455 75,546 54,903 (438)158,466 
Cost of revenue23,062 
Brand and other marketing expense28,681 
General and administrative expense65,843 
Product development25,256 
Depreciation9,479 
Amortization of intangibles4,031 
Restructuring and severance8,012 
Litigation settlements and contingencies500 
Operating loss(6,398)
Interest income, net18,089 
Other income2,273 
Income before income taxes$13,964