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Revenue
6 Months Ended
Jun. 30, 2022
Revenue from Contract with Customer [Abstract]  
Revenue

8. Revenue

The following table summarizes the primary components of revenue. This level of disaggregation takes into consideration how the nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factors (in thousands):

 

 

 

 

 

 

 

 

Three months ended June 30,

 

 

Six months ended June 30,

 

 

2022

 

 

2021

 

 

2022

 

 

2021

 

Auction marketplace revenue

$

48,081

 

 

$

46,600

 

 

$

92,042

 

 

$

80,857

 

Other marketplace revenue

 

41,451

 

 

 

33,708

 

 

 

77,792

 

 

 

53,172

 

Data services revenue

 

8,219

 

 

 

3,626

 

 

 

16,266

 

 

 

8,297

 

Marketplace and service revenue

$

97,752

 

 

$

83,934

 

 

$

186,099

 

 

$

142,326

 

 

Revenue presented in the table above, including the subsequent cash flows, could be negatively impacted by fluctuations in the supply or demand of used vehicles, especially in the case of an economic downturn in the United States. Substantially all of the revenue deferred at each balance sheet date is recognized in the subsequent reporting period.