Growing Where Technology Matters Most
Non-GAAP Reconciliations ($M)
9 Months ended
Reconciliation of GAAP to Non-GAAP Measures
Q1-21
Revenue
Traffic acquisition costs and media buy
Contribution Ex-TAC
89.8
(54.9)
34.9
109.7
(66.2) (73.6)
121.0
43.5
47.4
158.0
(93.3)
64.7
125.3
(71.0) (86.0)
54.3 60.7
146.7
Q2-21 Q3-21 Q4-21 Q1-22 Q2-22 Q3-22 Q4-22 Q1-23 Q2-23 Q3-23
209.7 145.2 178.5 185.3
(122.0) (79.9) (101.5) (108.0)
87.7
2021
2022
2023
158.6
(93.6)
65.0
320.5
430.6
65.3
77.0
77.3
508.9
(194.7) (250.6) (289.3)
125.8 180.0 219.6
Q1-21 Q2-21
Q3-21
Q4-21
Q1-22
Q2-22 Q3-22 Q4-22
Q1-23
Q2-23
Q3-23
2021
9 Months ended
2022
2023
GAAP Costs and Expenses
Traffic acquisition costs and media buy
Depreciation and amortization
86.0
100.8
108.6
137.2
108.8
124.8
129.0
168.5
120.6
158.6
152.8
295.4
362.6
432.1
(54.9)
(66.2) (73.6)
(93.3)
(71.0) (86.0)
(93.6)
(122.0)
(79.9)
(101.5)
(108.0)
(194.7) (250.6)
(289.3)
(2.4)
(2.0)
(1.9)
(3.6)
(3.2)
(3.2)
(3.7)
(3.7)
(3.4)
(3.4)
(3.4)
(6.3) (10.1) (10.2)
Stock-based compensation expenses
(0.8)
(1.2)
(1.7)
(3.3)
(2.4)
(2.7)
(3.2)
(3.2)
(3.4)
(3.1)
(4.4)
(3.7) (8.4)
(10.9)
Retention and other acquisition-related expenses
(1.8)
(2.2)
(1.6)
(3.5) (0.6)
(0.7)
(0.3)
(0.1)
(0.3) (0.4)
(5.5)
(1.5)
(0.7)
Changes in fair value of contingent consideration
2.2
3.8
(14.6)
(2.0)
3.8
(16.6)
Non-GAAP Operating expenses and Cost of Revenue
26.1
29.2
29.8
35.7
31.6
32.2
32.0
39.5
33.9
35.7
34.6
85.2
95.8
104.4
Numbers may not add due to rounding
32View entire presentation