Schedule of Segment Reporting Information |
The following table summarizes revenue by reportable segments (in thousands): | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended September 30, | | Nine Months Ended September 30, | | 2024 | | 2023 | | 2024 | | 2023 | Owned and Operated Advertising | $ | 70,798 | | | $ | 66,187 | | | $ | 217,224 | | | $ | 249,512 | | Partner Network | 18,034 | | | 21,631 | | | 51,106 | | | 56,339 | | Total revenue | $ | 88,832 | | | $ | 87,818 | | | $ | 268,330 | | | $ | 305,851 | |
The following table summarizes Adjusted gross profit by reportable segments (in thousands):
| | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended September 30, | | Nine Months Ended September 30, | | 2024 | | 2023 | | 2024 | | 2023 | Owned and Operated Advertising | $ | 26,406 | | | $ | 23,886 | | | $ | 76,246 | | | $ | 81,314 | | Partner Network | 13,053 | | | 15,312 | | | 37,462 | | | 40,337 | | Adjusted gross profit | 39,459 | | | 39,198 | | | 113,708 | | | 121,651 | | Other cost of revenue | 1,798 | | | 1,965 | | | 6,045 | | | 5,995 | | Salaries and benefits | 29,177 | | | 26,695 | | | 87,597 | | | 81,896 | | Selling, general, and administrative | 10,172 | | | 11,808 | | | 36,889 | | | 42,004 | | Depreciation and amortization | 20,128 | | | 19,584 | | | 59,875 | | | 58,666 | | | | | | | | | | Interest expense, net | 7,957 | | | 13,053 | | | 23,798 | | | 36,789 | | (Gain) loss from debt extinguishment | — | | | 619 | | | (20,109) | | | 619 | | Change in fair value of warrant liabilities | 281 | | | (7,482) | | | (1,471) | | | (6,873) | | Loss before income tax | $ | (30,054) | | | $ | (27,044) | | | $ | (78,916) | | | $ | (97,445) | |
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Schedule of Revenues Disaggregated by Geographic Region |
The following table summarizes revenue by geographic region (in thousands):
| | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended September 30, | | Nine Months Ended September 30, | | 2024 | | 2023 | | 2024 | | 2023 | United States | $ | 85,216 | | | $ | 81,512 | | | $ | 258,113 | | | $ | 292,122 | | Other countries | 3,616 | | | 6,306 | | | 10,217 | | | 13,729 | | Total revenue | $ | 88,832 | | | $ | 87,818 | | | $ | 268,330 | | | $ | 305,851 | |
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