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Segment Reporting (Tables)
12 Months Ended
Dec. 31, 2024
Segment Reporting [Abstract]  
Schedule of segment reporting information by segment
Reportable segment financial information is as follows:
(in millions)
202420232022
Net revenues
Product Commerce$26,699 $23,594 $19,955 
Developing Offerings3,569 789 628 
Total net revenues$30,268 $24,383 $20,583 
Cost of sales
Product Commerce$18,594 $17,313 $15,280 
Developing Offerings2,843 880 593 
Total cost of sales$21,437 $18,193 $15,873 
Gross profit
Product Commerce$8,105 $6,282 $4,675 
Developing Offerings726 (91)35 
Total gross profit$8,831 $6,190 $4,710 
Operating, general and administrative(8,395)(5,717)(4,822)
Interest expense(140)(48)(27)
Interest income216 178 53 
Other expense, net(39)(19)(7)
Income (loss) before income taxes$473 $584 $(93)
Segment adjusted EBITDA
Product Commerce$2,006 $1,540 $606 
Developing Offerings(631)(466)(225)
Total segment adjusted EBITDA$1,375 $1,074 $381 
Reconciling items:
Depreciation and amortization(433)(275)(231)
Equity-based compensation(433)(326)(262)
Acquisition and restructuring related costs(127)— — 
KFTC administrative fine (see Note 14)(121)— — 
FC Fire insurance gain175 — — 
Interest expense(140)(48)(27)
Interest income216 178 53 
Other expense, net(39)(19)(7)
Income (loss) before income taxes$473 $584 $(93)
Note: Amounts may not foot due to rounding.