Segment Reporting (Tables)

9 Months Ended

Sep. 30, 2024

Segment Reporting [Abstract]

Schedule of Segment Reporting Information, by Segment

Results of operations for the reportable segments and reconciliation to income before income taxes is as follows:

	Three Months Ended September 30,				Nine Months Ended September 30,
(in millions)	2024		2023		2024		2023
Net revenues
Product Commerce	$	6,891	$	5,966	$	19,816	$	17,306
Developing Offerings	975		218		2,487		516
Total net revenues	$	7,866	$	6,184	$	22,303	$	17,822
Segment adjusted EBITDA
Product Commerce	$	470	$	399	$	1,467	$	1,095
Developing Offerings	(127)		(161)		(513)		(316)
Total segment adjusted EBITDA	$	343	$	239	$	954	$	780
Reconciling items:
Depreciation and amortization	$	(112)	$	(67)	$	(313)	$	(198)
Equity-based compensation	(114)		(84)		(311)		(240)
Acquisition and restructuring related costs	(8)		—		(85)		—
KFTC administrative fine (see Note 10)	—		—		(121)		—
Interest expense	(36)		(13)		(100)		(34)
Interest income	55		50		163		124
Other income (expense), net	4		(8)		7		(20)
Income before income taxes	$	132	$	117	$	194	$	412

Note: Amounts may not foot due to rounding.