SEGMENT INFORMATION

12 Months Ended

Dec. 31, 2022

Segment Reporting [Abstract]

SEGMENT INFORMATION

SEGMENT INFORMATIONThe 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 CODM 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, and real estate. We ceased offering reverse mortgage loans in the fourth quarter of 2022. 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 our agency businesses. Revenue from the resale of online advertising space to third parties, and the related variable marketing and advertising expenses, are included within the Other category.

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 also includes the portion of cost of revenue attributable to costs paid for advertising re-sold to third parties. The Company ceased reselling online advertising space during the first quarter of 2020.

	Year Ended December 31, 2022
	Home		Consumer		Insurance		Other		Total
	(in thousands)
Revenue	$	289,383	$	396,109	$	299,073	$	427	$	984,992
Segment cost of revenue and marketing expense	186,299		221,531		207,239		982		616,051
Segment profit (loss)	103,084		174,578		91,834		(555)		368,941
Cost of revenue									57,769
Brand and other marketing expense									86,187
General and administrative expense									152,377
Product development									55,553
Depreciation									20,095
Amortization of intangibles									25,306
Restructuring and severance									4,428
Litigation settlements and contingencies									(18)
Operating loss									(32,756)
Interest expense, net									(26,014)
Other income									3,843
Loss before income taxes and discontinued operations									$	(54,927)

	Year Ended December 31, 2021
	Home		Consumer		Insurance		Other		Total
	(in thousands)
Revenue	$	441,738	$	329,945	$	326,153	$	663	$	1,098,499
Segment cost of revenue and marketing expense	288,386		186,448		212,689		610		688,133
Segment profit	153,352		143,497		113,464		53		410,366
Cost of revenue									57,297
Brand and other marketing expense									85,857
General and administrative expense									153,472
Product development									52,865
Depreciation									17,910
Amortization of intangibles									42,738
Change in fair value of contingent consideration									(8,249)
Restructuring and severance									53
Litigation settlements and contingencies									392
Operating income									8,031
Interest expense, net									(46,867)
Other income									123,272
Income before income taxes and discontinued operations									$	84,436

	Year Ended December 31, 2020
	Home		Consumer		Insurance		Other		Total
	(in thousands)
Revenue	$	320,992	$	253,198	$	333,765	$	2,035	$	909,990
Segment cost of revenue and marketing expense	188,869		146,308		202,623		2,717		540,517
Segment profit (loss)	132,123		106,890		131,142		(682)		369,473
Cost of revenue (exclusive of cost of advertising re-sold to third parties included above)									53,408
Brand and other marketing expense									77,973
General and administrative expense									129,101
Product development									43,636
Depreciation									14,201
Amortization of intangibles									53,078
Change in fair value of contingent consideration									5,327
Restructuring and severance									295
Litigation settlements and contingencies									(943)
Operating loss									(6,603)
Interest expense, net									(36,300)
Other expense									376
Loss before income taxes and discontinued operations									$	(42,527)

The CODM does not review information on segment assets and as such, no segment asset information is reported herein.