XML 45 R33.htm IDEA: XBRL DOCUMENT v3.25.2
Segment and geographic information (Tables)
6 Months Ended
Jun. 30, 2025
Segment Reporting [Abstract]  
Summary of Financial Information by Each Reportable Segment
Financial information for each reportable segment was as follows (in thousands):
Three Months Ended June 30, 2025
EnterpriseConsumerTotal
Revenue$129,297 $70,582 $199,879 
Content costs(20,483)(21,127)(41,610)
Customer support(9,754)(1,923)(11,677)
Other segment items (1)
(1,532)(5,480)(7,012)
Segment adjusted gross profit$97,528 $42,052 $139,580 
Three Months Ended June 30, 2024
EnterpriseConsumerTotal
Revenue$120,556 $73,804 $194,360 
Content costs(22,086)(24,704)(46,790)
Customer support(9,841)(1,811)(11,652)
Other segment items (1)
(1,389)(5,784)(7,173)
Segment adjusted gross profit$87,240 $41,505 $128,745 
Six Months Ended June 30, 2025
EnterpriseConsumerTotal
Revenue$257,045 $143,134 $400,179 
Content costs(40,854)(45,933)(86,787)
Customer support(19,639)(3,599)(23,238)
Other segment items (1)
(3,040)(11,149)(14,189)
Segment adjusted gross profit$193,512 $82,453 $275,965 
Six Months Ended June 30, 2024
EnterpriseConsumerTotal
Revenue$238,196 $153,010 $391,206 
Content costs(43,240)(52,749)(95,989)
Customer support(20,325)(3,642)(23,967)
Other segment items (1)
(2,749)(11,906)(14,655)
Segment adjusted gross profit$171,882 $84,713 $256,595 
(1) Other segment items for each segment across all periods presented consisted of payment and mobile processing fees and costs associated with hosting digital content.
The following table provides a reconciliation from segment adjusted gross profit to net income (loss) before taxes (in thousands):
Three Months Ended June 30, Six Months Ended June 30,
2025202420252024
Segment adjusted gross profit
$139,580 $128,745 $275,965 $256,595 
Other costs of revenue (1)
(7,531)(7,629)(14,473)(14,915)
Sales and marketing(79,820)(86,990)(162,320)(174,291)
Research and development(26,361)(32,408)(51,319)(63,631)
General and administrative(21,831)(27,264)(46,839)(52,033)
Restructuring charges(109)— (1,578)— 
Total other income (expense), net3,470 (5,466)7,128 (49)
Net income (loss) before taxes
$7,398 $(31,012)$6,564 $(48,324)
(1) Consists of amortization of capitalized software, depreciation, stock-based compensation, and amortization of intangible assets that are included in cost of revenue but excluded from segment adjusted gross profit.
Summary of Revenue by Region The following table summarizes the revenue by region based on the billing address of the Company’s customers (in thousands):
Three Months Ended June 30, Six Months Ended June 30,
2025202420252024
North America$79,146 $77,271 $157,624 $154,492 
Europe, Middle East, Africa58,798 58,912 119,059 120,269 
Asia Pacific48,084 44,334 95,978 89,212 
Latin America13,851 13,843 27,518 27,233 
Total revenue$199,879 $194,360 $400,179 $391,206 
The following table presents the percentage of revenue recognized in countries that individually accounted for at least 10% of total revenue for the periods presented:
Three Months Ended June 30, Six Months Ended June 30,
2025202420252024
United States
36 %36 %36 %36 %
Japan
12 %11 %12 %11 %
Summary of Long-lived Assets by Region The following table presents the Company’s long-lived assets, which consist of tangible property and equipment, net of depreciation, and operating lease ROU assets, by geographic region (in thousands):
June 30,December 31,
20252024
United States
$10,758 $9,166 
Rest of world5,534 6,320 
Total long-lived assets$16,292 $15,486