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INFORMATION ABOUT REVENUE AND GEOGRAPHIC AREAS
3 Months Ended
Mar. 31, 2020
Segment Reporting [Abstract]  
Information About Revenue and Geographic Areas INFORMATION ABOUT REVENUE AND GEOGRAPHIC AREAS
The Company considers operating segments to be components of the Company for which separate financial information is available and evaluated regularly by the Company’s chief operating decision maker in deciding how to allocate resources and in assessing performance. The chief operating decision maker for the Company is the chief executive officer. The chief executive officer reviews financial information presented on a consolidated basis, accompanied by information about revenue by product line and geographic region for purposes of allocating resources and evaluating financial performance.
The Company has determined that it has a single operating and reporting segment. When the Company communicates results externally, it disaggregates net revenue into major product lines and primary geographical markets, which is based on the billing address of the customer. The disaggregation of revenue by major product lines is based on the type of service provided and also aligns with the timing of revenue recognition.
Net Revenue
The following table presents the Company’s net revenue by major product line for the periods presented (in thousands):
Three Months Ended March 31,
20202019
Net revenue by product:
Advertising$240,093  $227,033  
Transactions2,639  3,307  
Other services7,169  5,602  
Total net revenue$249,901  $235,942  
During the three months ended March 31, 2020 and 2019, no individual customer accounted for 10% or more of consolidated net revenue.
As a result of COVID-19, the Company considered whether there was any impact to the manner in which revenue is recognized, in particular with respect to the collectability criteria for recognizing revenue from contracts with customers. There was no change made to the manner in which revenue is recognized as a result of that assessment. In addition, during the three months ended March 31, 2020, the Company offered a number of relief incentives totaling $4.6 million to customers most impacted by COVID-19. These incentives were primarily in the form of waived advertising fees, as well as free advertising and subscription products. The Company has accounted for these incentives as price concessions, and has reduced net revenue recognized accordingly in the three months ended March 31, 2020.
The following table presents the Company’s net revenue by major geographic region for the periods presented (in thousands):
Three Months Ended March 31,
20202019
United States$246,527  $232,712  
All other countries3,374  3,230  
Total net revenue$249,901  $235,942  
Long-Lived Assets
The following table presents the Company’s long-lived assets by major geographic region for the periods presented (in thousands):
March 31,
2020
December 31,
2019
United States$108,634  $109,849  
All other countries1,507  1,100  
Total long-lived assets$110,141  $110,949