SEGMENT INFORMATION

6 Months Ended

Jun. 30, 2022

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 and sales of insurance policies in the agency businesses.

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 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.

	Three Months Ended June 30, 2022
	Home		Consumer		Insurance		Other		Total
	(in thousands)
Revenue	$	73,938	$	106,144	$	81,756	$	85	$	261,923
Segment marketing expense	47,198		61,556		59,172		232		168,158
Segment profit (loss)	26,740		44,588		22,584		(147)		93,765
Cost of revenue									14,574
Brand and other marketing expense									16,379
General and administrative expense									40,289
Product development									14,318
Depreciation									4,896
Amortization of intangibles									7,075
Severance									135
Litigation settlements and contingencies									(7)
Operating loss									(3,894)
Interest expense, net									(6,765)
Other income									284
Loss before income taxes and discontinued operations									$	(10,375)

	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 loss									10,548
Interest expense, net									(9,840)
Income before income taxes and discontinued operations									$	708

	Six Months Ended June 30, 2022
	Home		Consumer		Insurance		Other		Total
	(in thousands)
Revenue	$	175,882	$	207,212	$	161,794	$	213	$	545,101
Segment marketing expense	113,233		120,117		118,107		415		351,872
Segment profit (loss)	62,649		87,095		43,687		(202)		193,229
Cost of revenue									30,135
Brand and other marketing expense									36,822
General and administrative expense									76,262
Product development									28,370
Depreciation									9,750
Amortization of intangibles									14,992
Severance									3,760
Litigation settlements and contingencies									(34)
Operating loss									(6,828)
Interest expense, net									(14,270)
Other income									283
Loss before income taxes and discontinued operations									$	(20,815)

	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 loss									8,641
Interest expense, net									(20,055)
Other income									40,072
Income before income taxes and discontinued operations									$	28,658