SEGMENT INFORMATION

3 Months Ended

Mar. 31, 2024

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, and home equity loans and lines of credit. 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 credit repair business was closed at the end of the second quarter of 2023. 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. 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 March 31, 2024
	Home		Consumer		Insurance		Other		Total
	(in thousands)
Revenue	$	30,443	$	51,451	$	85,872	$	2	$	167,768
Segment marketing expense	20,833		24,011		52,423		(21)		97,246
Segment profit	9,610		27,440		33,449		23		70,522
Cost of revenue									8,545
Brand and other marketing expense									10,930
General and administrative expense									25,796
Product development									11,857
Depreciation									4,667
Amortization of intangibles									1,489
Restructuring and severance									23
Litigation settlements and contingencies									36
Operating income									7,179
Interest expense, net									(6,638)
Other income									1,034
Income before income taxes									$	1,575

	Three Months Ended March 31, 2023
	Home		Consumer		Insurance		Other		Total
	(in thousands)
Revenue	$	43,675	$	79,709	$	77,082	$	42	$	200,508
Segment marketing expense	28,567		44,833		46,930		221		120,551
Segment profit (loss)	15,108		34,876		30,152		(179)		79,957
Cost of revenue									13,760
Brand and other marketing expense									16,560
General and administrative expense									36,683
Product development									14,655
Depreciation									4,795
Amortization of intangibles									2,049
Restructuring and severance									4,454
Litigation settlements and contingencies									12
Operating loss									(13,011)
Interest income, net									25,029
Other income									1,834
Income before income taxes									$	13,852