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:



	For the year ended December 31, 2018
(in thousands)	Mortgage Market		Real Estate Market			Other Businesses, Corporate and Eliminations			Consolidated Altisource

Revenue	$	686,905	$	90,290		$	61,007		$	838,202
Cost of revenue	447,108		102,893			72,164			622,165
Gross profit (loss)	239,797		(12,603		)	(11,157		)	216,037
Operating expenses (income):
Selling, general and administrative expenses	85,013		21,561			69,096			175,670
Gain on sale of business	—		(13,688		)	—			(13,688		)
Restructuring charges	2,495		113			8,952			11,560
Income (loss) from operations	152,289		(20,589		)	(89,205		)	42,495
Total other income (expense), net	81		77			(41,254		)	(41,096		)

Income (loss) before income taxes and non-controlling interests	$	152,370	$	(20,512	)	$	(130,459	)	$	1,399



	For the year ended December 31, 2017
(in thousands)	Mortgage Market		Real Estate Market			Other Businesses, Corporate and Eliminations			Consolidated Altisource

Revenue	$	793,684	$	89,787		$	58,742		$	942,213
Cost of revenue	545,507		96,967			57,391			699,865
Gross profit (loss)	248,177		(7,180		)	1,351			242,348
Selling, general and administrative expenses	114,215		18,718			59,709			192,642
Income (loss) from operations	133,962		(25,898		)	(58,358		)	49,706
Total other income (expense), net	72		(4		)	(14,399		)	(14,331		)

Income (loss) before income taxes and non-controlling interests	$	134,034	$	(25,902	)	$	(72,757	)	$	35,375



	For the year ended December 31, 2016
(in thousands)	Mortgage Market		Real Estate Market			Other Businesses, Corporate and Eliminations			Consolidated Altisource

Revenue	$	827,324	$	86,590		$	83,389		$	997,303
Cost of revenue	546,540		64,566			78,939			690,045
Gross profit	280,784		22,024			4,450			307,258
Selling, general and administrative expenses	121,508		23,291			69,356			214,155
Litigation settlement loss, net of $4,000 insurance recovery	—		—			28,000			28,000
Income (loss) from operations	159,276		(1,267		)	(92,906		)	65,103
Total other income (expense), net	154		(5		)	(20,931		)	(20,782		)

Income (loss) before income taxes and non-controlling interests	$	159,430	$	(1,272	)	$	(113,837	)	$	44,321



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

Total assets:
December 31, 2018	$	236,138	$	66,772	$	438,790	$	741,700
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, as of December 31:



(in thousands)	2018		2017

United States	$	25,693	$	46,268
India	3,154		8,136
Luxembourg	14,975		16,688
Philippines	1,754		2,038
Uruguay	55		143

Total	$	45,631	$	73,273