SEGMENT INFORMATION

6 Months Ended

Jun. 30, 2021

Segment Reporting [Abstract]

SEGMENT INFORMATION

SEGMENT INFORMATION

The Company manages its business and reports its financial results through the following three operating and reportable segments: Home, Consumer and Insurance. Characteristics which were relied upon in making the determination of the reportable segments include the nature of the products, the organization's internal structure, and the information that is regularly reviewed by the chief operating decision maker for the purpose of assessing performance and allocating resources.

The Home segment includes the following products: purchase mortgage, refinance mortgage, home equity loans and lines of credit, reverse mortgage loans, and real estate. The Consumer segment includes the following products: credit cards, personal loans, small business loans, student loans, auto loans, deposit accounts, and other credit products such as credit repair and debt settlement. The Insurance segment consists of insurance quote products. Revenue from the resale of online advertising space to third parties in the first six months of 2020 is included within the Other category. The Company ceased reselling online advertising space during the first quarter of 2020.

The following tables are a reconciliation of segment profit, which is the Company's primary segment profitability measure, to income before income taxes and discontinued operations. Segment cost of revenue and marketing expense represents the portion of selling and marketing expense attributable to variable costs paid for advertising, direct marketing and related

expenses, that are directly attributable to the segments' products. This measure excludes overhead, fixed costs and personnel-related expenses. For the Other category, segment cost of revenue and marketing expense in the first six months of 2020 also includes the portion of cost of revenue attributable to costs paid for advertising re-sold to third parties.

	Three Months Ended June 30, 2021
	Home		Consumer		Insurance		Other		Total
	(in thousands)
Revenue	$	104,861	$	75,676	$	89,263	$	214	$	270,014
Segment marketing expense	65,844		42,282		56,025		263		164,414
Segment profit (loss)	39,017		33,394		33,238		(49)		105,600
Cost of revenue									13,934
Brand and other marketing expense									20,792
General and administrative expense									39,811
Product development									13,290
Depreciation									4,443
Amortization of intangibles									11,310
Change in fair value of contingent consideration									(8,850)
Litigation settlements and contingencies									322
Operating income									10,548
Interest expense, net									(9,840)
Income before income taxes and discontinued operations									$	708

	Three Months Ended June 30, 2020
	Home		Consumer		Insurance		Other		Total
	(in thousands)
Revenue	$	74,123	$	37,118	$	72,919	$	166	$	184,326
Segment marketing expense	35,397		17,716		42,797		85		95,995
Segment profit (loss)	38,726		19,402		30,122		81		88,331
Cost of revenue									13,464
Brand and other marketing expense									17,926
General and administrative expense									28,489
Product development									10,812
Depreciation									3,550
Amortization of intangibles									13,756
Change in fair value of contingent consideration									9,175
Severance									32
Litigation settlements and contingencies									(1,325)
Operating loss									(7,548)
Interest expense, net									(4,955)
Other income									7
Loss before income taxes and discontinued operations									$	(12,496)

	Six Months Ended June 30, 2021
	Home		Consumer		Insurance		Other		Total
	(in thousands)
Revenue	$	232,986	$	133,583	$	175,877	$	318	$	542,764
Segment marketing expense	154,979		75,582		109,797		459		340,817
Segment profit (loss)	78,007		58,001		66,080		(141)		201,947
Cost of revenue									27,829
Brand and other marketing expense									41,851
General and administrative expense									74,800
Product development									25,758
Depreciation									8,161
Amortization of intangibles									22,622
Change in fair value of contingent consideration									(8,053)
Litigation settlements and contingencies									338
Operating income									8,641
Interest expense, net									(20,055)
Other income									40,072
Income before income taxes and discontinued operations									$	28,658

	Six Months Ended June 30, 2020
	Home		Consumer		Insurance		Other		Total
	(in thousands)
Revenue	$	153,297	$	157,042	$	155,656	$	1,415	$	467,410
Segment cost of revenue and marketing expense	78,660		94,541		95,001		1,662		269,864
Segment profit (loss)	74,637		62,501		60,655		(247)		197,546
Cost of revenue (exclusive of cost of advertising re-sold to third parties included above)									26,630
Brand and other marketing expense									40,681
General and administrative expense									60,571
Product development									21,775
Depreciation									6,928
Amortization of intangibles									27,513
Change in fair value of contingent consideration									1,053
Severance									190
Litigation settlements and contingencies									(996)
Operating income									13,201
Interest expense, net									(9,789)
Other income									7
Income before income taxes and discontinued operations									$	3,419