Revenue

6 Months Ended

Jun. 30, 2024

Revenue from Contract with Customer [Abstract]

Revenue

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,
	2024		2023		2024		2023
Auction marketplace revenue	$	75,433	$	54,519	$	142,762	$	108,521
Other marketplace revenue	60,354		46,548		114,923		89,239
Data services revenue	8,339		8,293		16,255		16,463
Marketplace and service revenue	$	144,126	$	109,360	$	273,940	$	214,223

Contract liabilities represent consideration collected prior to satisfying performance obligations. The Company had $5.5 million and $4.2 million of contract liabilities included in Accrued other liabilities on the Condensed Consolidated Balance Sheets as of June 30, 2024 and December 31, 2023, respectively. Revenue recognized for the three months ended June 30, 2024 from amounts included in deferred revenue as of March 31, 2024, was $5.4 million. Revenue recognized for the six months ended June 30, 2024 from amounts included in deferred revenue as of December 31, 2023 was $4.2 million. All the remaining performance obligations for contracts are expected to be recognized within one year.