Segment Information (Tables)

9 Months Ended

Sep. 30, 2024

Reconciliation of Total Segment Operating Income to Consolidated Operating Income

Information on reportable segments and reconciliation to income from operations is as follows (in thousands):


	Three months ended September 30,				Nine months ended September 30,
	2024		2023		2024		2023
Revenue by reportable segment:
Digital Media	$	283,567	$	267,951	$	774,436	$	755,032
Cybersecurity and Martech	70,039		73,051		214,475		219,263
Elimination of inter-segment revenues (1)	(26)		(17)		(46)		(152)
Total segment revenues	353,580		340,985		988,865		974,143
Corporate	—		—		—		—
Total revenues	$	353,580	$	340,985	$	988,865	$	974,143

Operating costs and expenses by reportable segment (2):
Digital Media	308,309		280,856		732,554		702,752
Cybersecurity and Martech	55,158		60,541		168,638		181,633
Elimination of inter-segment operating expenses	(26)		(17)		(46)		(152)
Total segment operating expenses	363,441		341,380		901,146		884,233
Corporate (3)	19,443		12,924		52,593		38,019
Total operating costs and expenses	382,884		354,304		953,739		922,252

Operating income (loss) by reportable segment:
Digital Media operating (loss) income	(24,742)		(12,905)		41,882		52,280
Cybersecurity and Martech operating income	14,881		12,510		45,837		37,630
Total segment operating (loss) income	(9,861)		(395)		87,719		89,910
Corporate (3)	(19,443)		(12,924)		(52,593)		(38,019)
(Loss) income from operations	$	(29,304)	$	(13,319)	$	35,126	$	51,891

(1)Inter-segment revenues relate primarily to the Digital Media reportable segment.

(2)Operating expenses for each segment include direct costs and other operating expenses that are directly attributable to the segment, such as employee compensation expense, sales and marketing expenses, engineering and network operations expense, depreciation and amortization, and other administrative expenses. For the three and nine months ended September 30, 2024 and 2023, the Company had an impairment to goodwill within operating costs and expenses for Digital Media.

(3)Corporate includes costs associated with general, administrative, and other related costs that are managed on a global basis and that are not directly attributable to any particular segment.