SEGMENT REPORTING

Our business segments are based upon our organizational structure, which focuses primarily on the services offered, and are consistent with the internal reporting used by our Chief Executive Officer (our chief operating decision maker) to evaluate operating performance and to assess the allocation of our resources.

We report our operations through two reportable segments: Mortgage Market and Real Estate Market. In addition, we report Other Businesses, Corporate and Eliminations separately. The Mortgage Market segment provides loan servicers and originators with marketplaces, services and technologies that span the mortgage lifecycle. The Real Estate Market segment provides real estate consumers and rental property investors with marketplaces and services that span the real estate lifecycle. In addition, the Other Businesses, Corporate and Eliminations segment includes businesses that provide post-charge-off consumer debt collection services primarily to debt originators (e.g., credit card, auto lending and retail credit), customer relationship management services primarily to the utility, insurance and hotel industries and IT infrastructure management services. Other Businesses, Corporate and Eliminations also includes interest expense and costs related to corporate support functions including executive, finance, law, compliance, human resources, vendor management, facilities, risk management, and sales and marketing costs not allocated to the business units as well as eliminations between the reportable segments.

Financial information for our segments is as follows:



	Three months ended June 30, 2018
(in thousands)	Mortgage Market			Real Estate Market			Other Businesses, Corporate and Eliminations			Consolidated Altisource

Revenue	$	178,662		$	24,145		$	15,749		$	218,556
Cost of revenue	115,329			28,191			19,686			163,206
Gross profit (loss)	63,333			(4,046		)	(3,937		)	55,350
Selling, general and administrative expenses	20,604			5,180			17,140			42,924
Income (loss) from operations	42,729			(9,226		)	(21,077		)	12,426
Total other income (expense), net	(4		)	12			(9,363		)	(9,355		)

Income (loss) before income taxes and non-controlling interests	$	42,725		$	(9,214	)	$	(30,440	)	$	3,071



	Three months ended June 30, 2017
(in thousands)	Mortgage Market		Real Estate Market			Other Businesses, Corporate and Eliminations			Consolidated Altisource

Revenue	$	210,195	$	25,130		$	15,360		$	250,685
Cost of revenue	144,326		26,844			14,223			185,393
Gross profit (loss)	65,869		(1,714		)	1,137			65,292
Selling, general and administrative expenses	29,805		5,551			17,114			52,470
Income (loss) from operations	36,064		(7,265		)	(15,977		)	12,822
Total other income (expense), net	102		—			(764		)	(662		)

Income (loss) before income taxes and non-controlling interests	$	36,166	$	(7,265	)	$	(16,741	)	$	12,160



	Six months ended June 30, 2018
(in thousands)	Mortgage Market		Real Estate Market			Other Businesses, Corporate and Eliminations			Consolidated Altisource

Revenue	$	346,000	$	39,425		$	30,569		$	415,994
Cost of revenue	226,402		46,745			37,253			310,400
Gross profit (loss)	119,598		(7,320		)	(6,684		)	105,594
Selling, general and administrative expenses	43,978		9,298			32,772			86,048
Income (loss) from operations	75,620		(16,618		)	(39,456		)	19,546
Total other income (expense), net	12		14			(21,473		)	(21,447		)

Income (loss) before income taxes and non-controlling interests	$	75,632	$	(16,604	)	$	(60,929	)	$	(1,901	)



	Six months ended June 30, 2017
(in thousands)	Mortgage Market		Real Estate Market			Other Businesses, Corporate and Eliminations			Consolidated Altisource

Revenue	$	414,918	$	45,193		$	31,057		$	491,168
Cost of revenue	284,476		48,987			29,883			363,346
Gross profit (loss)	130,442		(3,794		)	1,174			127,822
Selling, general and administrative expenses	58,487		9,876			31,808			100,171
Income (loss) from operations	71,955		(13,670		)	(30,634		)	27,651
Total other income (expense), net	112		—			(5,857		)	(5,745		)

Income (loss) before income taxes and non-controlling interests	$	72,067	$	(13,670	)	$	(36,491	)	$	21,906



(in thousands)	Mortgage Market		Real Estate Market		Other Businesses, Corporate and Eliminations		Consolidated Altisource

Total assets:
June 30, 2018	$	265,463	$	85,080	$	459,353	$	809,896
December 31, 2017	304,346		64,624		496,194		865,164

Our services are primarily provided to customers located in the United States. Premises and equipment, net consist of the following, by country:



(in thousands)	June 30, 2018		December 31, 2017

United States	$	34,597	$	46,268
Luxembourg	16,708		16,688
India	5,575		8,136
Philippines	1,848		2,038
Uruguay	92		143

Total	$	58,820	$	73,273