Yelp (YELP) 10-Q 4 Aug 23 2023 Q2 Quarterly report Financial data

COVER PAGE

COVER PAGE - shares	6 Months Ended
	Jun. 30, 2023	Jul. 28, 2023
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jun. 30, 2023
Document Transition Report	false
Entity File Number	001-35444
Entity Registrant Name	YELP INC.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	20-1854266
Entity Address, Address Line One	350 Mission Street, 10th Floor
Entity Address, City or Town	San Francisco
Entity Address, State or Province	CA
Entity Address, Postal Zip Code	94105
City Area Code	(415)
Local Phone Number	908-3801
Title of 12(b) Security	Common Stock, par value $0.000001 per share
Trading Symbol	YELP
Security Exchange Name	NYSE
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		68,713,576
Amendment Flag	false
Entity Central Index Key	0001345016
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	Q2

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Current assets:
Cash and cash equivalents	$ 270,256	$ 306,379
Short-term marketable securities	126,909	94,244
Accounts receivable (net of allowance for doubtful accounts of $8,162 and $9,277 at June 30, 2023 and December 31, 2022, respectively)	151,655	131,902
Prepaid expenses and other current assets	38,690	63,467
Total current assets	587,510	595,992
Property, equipment and software, net	75,588	77,224
Operating lease right-of-use assets	79,591	97,392
Goodwill	103,260	102,328
Intangibles, net	8,315	8,997
Other non-current assets	179,024	133,989
Total assets	1,033,288	1,015,922
Current liabilities:
Accounts payable and accrued liabilities	171,871	137,950
Operating lease liabilities — current	38,246	39,674
Deferred revenue	5,414	5,200
Total current liabilities	215,531	182,824
Operating lease liabilities — long-term	67,777	86,661
Other long-term liabilities	41,378	36,113
Total liabilities	324,686	305,598
Commitments and contingencies (Note 12)
Stockholders' equity:
Common stock, $0.000001 par value — 200,000 shares authorized, 69,287 shares issued and outstanding at June 30, 2023, and 69,797 shares issued and outstanding at December 31, 2022	0	0
Additional paid-in capital	1,732,909	1,649,692
Treasury stock	(159)	0
Accumulated other comprehensive loss	(13,876)	(15,545)
Accumulated deficit	(1,010,272)	(923,823)
Total stockholders' equity	708,602	710,324
Total liabilities and stockholders' equity	$ 1,033,288	$ 1,015,922

CONDENSED CONSOLIDATED BALANC_2

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022	Jun. 30, 2022	Dec. 31, 2021
Statement of Financial Position [Abstract]
Allowance for doubtful accounts	$ 8,162	$ 9,277	$ 8,686	$ 7,153
Common stock, par value (in USD per share)	$ 0.000001	$ 0.000001
Common stock, shares authorized (in shares)	200,000,000	200,000,000
Common stock, shares issued (in shares)	69,287,000	69,797,000
Common stock, shares outstanding (in shares)	69,287,000	69,797,000

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Income Statement [Abstract]
Net revenue	$ 337,126	$ 298,884	$ 649,564	$ 575,512
Costs and expenses:
Cost of revenue (exclusive of depreciation and amortization shown separately below)	30,184	26,988	56,243	50,417
Sales and marketing	139,150	129,412	286,605	255,509
Product development	85,030	76,848	173,227	157,533
General and administrative	53,405	38,377	99,914	77,760
Depreciation and amortization	10,615	11,258	21,420	22,748
Total costs and expenses	318,384	282,883	637,409	563,967
Income from operations	18,742	16,001	12,155	11,545
Other income, net	5,898	1,327	11,110	2,256
Income before income taxes	24,640	17,328	23,265	13,801
Provision for income taxes	9,911	9,319	9,714	6,707
Net income attributable to common stockholders	$ 14,729	$ 8,009	$ 13,551	$ 7,094
Net income per share attributable to common stockholders
Basic (in USD per share)	$ 0.21	$ 0.11	$ 0.19	$ 0.10
Diluted (in USD per share)	$ 0.21	$ 0.11	$ 0.19	$ 0.10
Weighted-average shares used to compute net income per share attributable to common stockholders
Basic (in shares)	69,256	71,217	69,537	71,427
Diluted (in shares)	71,238	72,835	71,645	73,572

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Statement of Comprehensive Income [Abstract]
Net income attributable to common stockholders	$ 14,729	$ 8,009	$ 13,551	$ 7,094
Other comprehensive (loss) income:
Foreign currency translation adjustments, net of tax	477	(3,754)	1,931	(4,567)
Unrealized loss on available-for-sale debt securities, net of tax	(595)	0	(262)	0
Other comprehensive (loss) income	(118)	(3,754)	1,669	(4,567)
Comprehensive income	$ 14,611	$ 4,255	$ 15,220	$ 2,527

CONDENSED CONSOLIDATED STATEM_3

CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY - USD ($) $ in Thousands	Total	Common Stock	Additional Paid-In Capital	Treasury Stock	Accumulated Other Comprehensive Loss	Accumulated Deficit
Balance (in shares) at Dec. 31, 2021		72,171,000
Balance at beginning at Dec. 31, 2021	$ 751,318	$ 0	$ 1,522,572	$ 0	$ (11,090)	$ (760,164)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of common stock upon exercises of employee stock options (in shares)		88,000
Issuance of common stock upon exercises of employee stock options	1,939		1,939
Issuance of common stock upon vesting of restricted stock units ("RSUs") (in shares)		1,535,000
Issuance of common stock upon vesting of restricted stock units ("RSUs")	0
Issuance of common stock for employee stock purchase plan (in shares)		364,000
Issuance of common stock for employee stock purchase plan	9,110		9,110
Stock-based compensation (inclusive of capitalized stock-based compensation)	85,991		85,991
Taxes withheld related to net share settlement of equity awards	(32,275)		(32,275)
Repurchases of common stock	$ (100,006)			(100,006)
Retirement of common stock (in shares)	(2,932,305)	(2,932,000)
Retirement of common stock	$ 0			96,868		(96,868)
Other comprehensive (loss) income	(4,567)				(4,567)
Net income	7,094					7,094
Balance (in shares) at Jun. 30, 2022		71,226,000
Balance at end at Jun. 30, 2022	718,604	$ 0	1,587,337	(3,138)	(15,657)	(849,938)
Balance (in shares) at Mar. 31, 2022		71,641,000
Balance at beginning at Mar. 31, 2022	724,349	$ 0	1,547,337	(2,886)	(11,903)	(808,199)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of common stock upon exercises of employee stock options (in shares)		61,000
Issuance of common stock upon exercises of employee stock options	1,351		1,351
Issuance of common stock upon vesting of restricted stock units ("RSUs") (in shares)		710,000
Issuance of common stock upon vesting of restricted stock units ("RSUs")	0
Issuance of common stock for employee stock purchase plan (in shares)		364,000
Issuance of common stock for employee stock purchase plan	9,110		9,110
Stock-based compensation (inclusive of capitalized stock-based compensation)	43,224		43,224
Taxes withheld related to net share settlement of equity awards	(13,685)		(13,685)
Repurchases of common stock	(50,000)			(50,000)
Retirement of common stock (in shares)		(1,550,000)
Retirement of common stock	0			49,748		(49,748)
Other comprehensive (loss) income	(3,754)				(3,754)
Net income	8,009					8,009
Balance (in shares) at Jun. 30, 2022		71,226,000
Balance at end at Jun. 30, 2022	$ 718,604	$ 0	1,587,337	(3,138)	(15,657)	(849,938)
Balance (in shares) at Dec. 31, 2022	69,797,000	69,797,000
Balance at beginning at Dec. 31, 2022	$ 710,324	$ 0	1,649,692	0	(15,545)	(923,823)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of common stock upon exercises of employee stock options (in shares)	716,000	716,000
Issuance of common stock upon exercises of employee stock options	$ 15,549		15,549
Issuance of common stock upon vesting of restricted stock units ("RSUs") (in shares)		1,658,000
Issuance of common stock upon vesting of restricted stock units ("RSUs")	0
Issuance of common stock for employee stock purchase plan (in shares)		380,000
Issuance of common stock for employee stock purchase plan	10,912		10,912
Stock-based compensation (inclusive of capitalized stock-based compensation)	95,162		95,162
Taxes withheld related to net share settlement of equity awards	(38,406)		(38,406)
Repurchases of common stock	(100,159)			(100,159)
Retirement of common stock (in shares)		(3,264,000)
Retirement of common stock	0			100,000		(100,000)
Other comprehensive (loss) income	1,669				1,669
Net income	$ 13,551					13,551
Balance (in shares) at Jun. 30, 2023	69,287,000	69,287,000
Balance at end at Jun. 30, 2023	$ 708,602	$ 0	1,732,909	(159)	(13,876)	(1,010,272)
Balance (in shares) at Mar. 31, 2023		69,649,000
Balance at beginning at Mar. 31, 2023	704,128	$ 0	1,692,923	(37)	(13,758)	(975,000)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of common stock upon exercises of employee stock options (in shares)		31,000
Issuance of common stock upon exercises of employee stock options	956		956
Issuance of common stock upon vesting of restricted stock units ("RSUs") (in shares)		791,000
Issuance of common stock upon vesting of restricted stock units ("RSUs")	0
Issuance of common stock for employee stock purchase plan (in shares)		379,000
Issuance of common stock for employee stock purchase plan	10,894		10,894
Stock-based compensation (inclusive of capitalized stock-based compensation)	46,979		46,979
Taxes withheld related to net share settlement of equity awards	(18,843)		(18,843)
Repurchases of common stock	(50,123)			(50,123)
Retirement of common stock (in shares)		(1,563,000)
Retirement of common stock	0			50,001		(50,001)
Other comprehensive (loss) income	(118)				(118)
Net income	$ 14,729					14,729
Balance (in shares) at Jun. 30, 2023	69,287,000	69,287,000
Balance at end at Jun. 30, 2023	$ 708,602	$ 0	$ 1,732,909	$ (159)	$ (13,876)	$ (1,010,272)

CONDENSED CONSOLIDATED STATEM_4

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
Operating Activities
Net income	$ 13,551	$ 7,094
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	21,420	22,748
Provision for doubtful accounts	14,636	12,676
Stock-based compensation	89,837	81,121
Amortization of right-of-use assets	15,699	16,870
Deferred income taxes	(42,148)	(24,114)
Amortization of deferred contract cost	11,716	8,413
Asset impairment	3,555	0
Other adjustments, net	(64)	717
Changes in operating assets and liabilities:
Accounts receivable	(34,389)	(30,014)
Prepaid expenses and other assets	12,156	(22,149)
Operating lease liabilities	(20,943)	(19,813)
Accounts payable, accrued liabilities and other liabilities	37,225	24,683
Net cash provided by operating activities	122,251	78,232
Investing Activities
Purchases of marketable securities — available-for-sale	(82,491)	0
Sales and maturities of marketable securities — available-for-sale	50,613	0
Purchases of property, equipment and software	(15,153)	(14,498)
Other investing activities	146	19
Net cash used in investing activities	(46,885)	(14,479)
Financing Activities
Proceeds from issuance of common stock for employee stock-based plans	26,095	11,026
Taxes paid related to the net share settlement of equity awards	(38,201)	(32,046)
Repurchases of common stock	(100,000)	(100,006)
Payment of issuance costs for credit facility	(799)	0
Net cash used in financing activities	(112,905)	(121,026)
Effect of exchange rate changes on cash, cash equivalents and restricted cash	1,175	(1,154)
Change in cash, cash equivalents and restricted cash	(36,364)	(58,427)
Cash, cash equivalents and restricted cash — Beginning of period	307,138	480,641
Cash, cash equivalents and restricted cash — End of period	270,774	422,214
Supplemental Disclosures of Other Cash Flow Information
Cash paid for income taxes, net	8,229	23,727
Supplemental Disclosures of Noncash Investing and Financing Activities
Purchases of property, equipment and software recorded in accounts payable and accrued liabilities	1,478	3,836
Repurchases of common stock recorded in accounts payable and accrued liabilities	$ 2,442	$ 2,397

DESCRIPTION OF BUSINESS AND BAS

DESCRIPTION OF BUSINESS AND BASIS FOR PRESENTATION	6 Months Ended
	Jun. 30, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
DESCRIPTION OF BUSINESS AND BASIS FOR PRESENTATION	DESCRIPTION OF BUSINESS AND BASIS FOR PRESENTATION Yelp Inc. was incorporated in Delaware on September 3, 2004. Except where specifically noted or the context otherwise requires, the use of terms such as the "Company" and "Yelp" in these Notes to Condensed Consolidated Financial Statements refers to Yelp Inc. and its subsidiaries. Yelp is a trusted local resource for consumers and a partner in success for businesses of all sizes. Consumers trust Yelp for its extensive ratings and reviews of businesses across a broad range of categories, while businesses advertise on Yelp to reach its large audience of purchase-oriented and generally affluent consumers. Yelp has operations in the United States, United Kingdom, Canada, Ireland and Germany. Basis of Presentation The accompanying interim condensed consolidated financial statements are unaudited. These unaudited interim condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America ("GAAP") and the applicable rules and regulations of the U.S. Securities and Exchange Commission ("SEC") regarding interim financial reporting. Certain information and note disclosures normally included in the financial statements prepared in accordance with GAAP have been condensed or omitted pursuant to such rules and regulations. Accordingly, these unaudited interim condensed consolidated financial statements should be read in conjunction with the consolidated financial statements contained in the Annual Report. The unaudited condensed consolidated balance sheet as of December 31, 2022 included herein was derived from the audited consolidated financial statements as of that date, but does not include all disclosures required by GAAP, including certain notes to the financial statements. The unaudited interim condensed consolidated financial statements have been prepared on the same basis as the audited consolidated financial statements. In the opinion of management, the accompanying unaudited condensed consolidated financial statements include all adjustments of a normally recurring nature necessary for the fair presentation of the interim periods presented. Principles of Consolidation These unaudited interim condensed consolidated financial statements include the accounts of the Company and its wholly-owned subsidiaries. All intercompany accounts and transactions have been eliminated upon consolidation. Use of Estimates The preparation of the Company’s unaudited interim condensed consolidated financial statements in conformity with GAAP requires management to make estimates, judgments and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities at the date of the condensed consolidated financial statements and the reported amounts of income and expenses during the reporting period. Items that require estimates, judgments or assumptions include, but are not limited to, determining variable consideration and identifying the nature and timing of satisfaction of performance obligations, allowance for doubtful accounts and credit losses, fair value and estimated useful lives of long- and indefinite-lived assets, litigation loss contingencies, liabilities related to incurred but not reported insurance claims, fair value and achievement of targets for performance-based restricted stock units (“PRSUs”) and income taxes. These estimates, judgments and assumptions are based on information available as of the date of the condensed consolidated financial statements; therefore, actual results could differ from management’s estimates due to macroeconomic uncertainty and other factors. Significant Accounting Policies There have been no material changes to the Company's significant accounting policies from those described in the Annual Report.

CASH, CASH EQUIVALENTS AND REST

CASH, CASH EQUIVALENTS AND RESTRICTED CASH	6 Months Ended
	Jun. 30, 2023
Cash and Cash Equivalents [Abstract]
CASH, CASH EQUIVALENTS AND RESTRICTED CASH	CASH, CASH EQUIVALENTS AND RESTRICTED CASH Cash, cash equivalents and restricted cash as of June 30, 2023 and December 31, 2022 consisted of the following (in thousands): June 30, December 31, Cash $ 70,708 $ 56,304 Cash equivalents 199,548 250,075 Total cash and cash equivalents $ 270,256 $ 306,379 Restricted cash 518 759 Total cash, cash equivalents and restricted cash $ 270,774 $ 307,138 Restricted cash is included in other non-current assets on the Company’s condensed consolidated balance sheets.

MARKETABLE SECURITIES

MARKETABLE SECURITIES	6 Months Ended
	Jun. 30, 2023
Investments, Debt and Equity Securities [Abstract]
MARKETABLE SECURITIES	MARKETABLE SECURITIES Short-term investments and certain cash equivalents consist of investments in debt securities that are classified as available-for-sale. The amortized cost, gross unrealized gains and losses and fair value of investments as of June 30, 2023 and December 31, 2022 were as follows (in thousands): June 30, 2023 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value Short-term marketable securities: Certificates of deposit $ 7,688 $ — $ — $ 7,688 Commercial paper 4,567 — — 4,567 Corporate bonds 25,422 11 (279) 25,154 Agency bonds 20,820 2 (62) 20,760 U.S. government bonds 69,425 7 (692) 68,740 Total short-term marketable securities $ 127,922 $ 20 $ (1,033) $ 126,909 December 31, 2022 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value Cash equivalents: Commercial paper $ 2,524 $ — $ — $ 2,524 Total cash equivalents 2,524 — — 2,524 Short-term marketable securities: Certificates of deposit 10,651 — — 10,651 Commercial paper 13,054 — — 13,054 Corporate bonds 32,701 3 (353) 32,351 Agency bonds 3,010 — (11) 2,999 U.S. government bonds 35,479 8 (298) 35,189 Total short-term marketable securities 94,895 11 (662) 94,244 Total $ 97,419 $ 11 $ (662) $ 96,768 The following tables present gross unrealized losses and fair values for those securities that were in an unrealized loss position as of June 30, 2023 and December 31, 2022, aggregated by investment category and the length of time that the individual securities have been in a continuous loss position (in thousands): June 30, 2023 Less Than 12 Months 12 Months or Greater Total Fair Value Unrealized Loss Fair Value Unrealized Loss Fair Value Unrealized Loss Corporate bonds $ 21,595 $ (279) $ — $ — $ 21,595 $ (279) Agency bonds 14,275 (62) — — 14,275 (62) U.S. government bonds 64,754 (692) — — 64,754 (692) Total $ 100,624 $ (1,033) $ — $ — $ 100,624 $ (1,033) December 31, 2022 Less Than 12 Months 12 Months or Greater Total Fair Value Unrealized Loss Fair Value Unrealized Loss Fair Value Unrealized Loss Corporate bonds $ 29,428 $ (353) $ — $ — $ 29,428 $ (353) Agency bonds 2,999 (11) — — 2,999 (11) U.S. government bonds 27,368 (298) — — 27,368 (298) Total $ 59,795 $ (662) $ — $ — $ 59,795 $ (662) As of June 30, 2023 and December 31, 2022, the Company did not recognize any credit loss related to available-for-sale marketable securities. The contractual maturities for marketable securities classified as available-for-sale as of June 30, 2023 were as follows (in thousands): Amortized Cost Fair Value Due in one year or less $ 72,972 $ 72,468 Due in one to five years 54,950 54,441 Total $ 127,922 $ 126,909

FAIR VALUE MEASUREMENTS

FAIR VALUE MEASUREMENTS	6 Months Ended
	Jun. 30, 2023
Fair Value Disclosures [Abstract]
FAIR VALUE MEASUREMENTS	FAIR VALUE MEASUREMENTS The Company’s investments in money market accounts are recorded as cash equivalents at fair value on the condensed consolidated balance sheets. Additionally, the Company carries its available-for-sale debt securities at fair value. See Note 3, " Marketable Securities, " for further details. The accounting guidance for fair value measurements prioritizes the inputs used in measuring fair value in the following hierarchy: Level 1 —Observable inputs, such as quoted prices in active markets, Level 2 —Inputs other than quoted prices in active markets that are observable either directly or indirectly, or Level 3 —Unobservable inputs in which there are little or no market data, which require the Company to develop its own assumptions. This hierarchy requires the Company to use observable market data, when available, to minimize the use of unobservable inputs when determining fair value. The Company’s money market funds are classified within Level 1 of the fair value hierarchy because they are valued using quoted prices in active markets. The Company's certificates of deposit, commercial paper, corporate bonds, agency bonds and U.S. government bonds are classified within Level 2 of the fair value hierarchy because they have been valued using inputs other than quoted prices in active markets that are observable directly or indirectly. The following table represents the fair value of the Company’s financial instruments, including those measured at fair value on a recurring basis, as of June 30, 2023 and December 31, 2022 (in thousands): June 30, 2023 December 31, 2022 Level 1 Level 2 Level 3 Total Level 1 Level 2 Level 3 Total Cash equivalents: Money market funds $ 174,178 $ — $ — $ 174,178 $ 247,551 $ — $ — $ 247,551 Commercial paper — — — — — 2,524 — 2,524 Marketable securities: Certificates of deposit — 7,688 — 7,688 — 10,651 — 10,651 Commercial paper — 4,567 — 4,567 — 13,054 — 13,054 Corporate bonds — 25,154 — 25,154 — 32,351 — 32,351 Agency bonds — 20,760 — 20,760 — 2,999 — 2,999 U.S. government bonds — 68,740 — 68,740 — 35,189 — 35,189 Other investments: Certificates of deposit — 10,000 — 10,000 — 10,000 — 10,000 Total cash equivalents, marketable securities and other investments $ 174,178 $ 136,909 $ — $ 311,087 $ 247,551 $ 106,768 $ — $ 354,319 The certificates of deposit that are categorized as other investments are reflected in prepaid expenses and other current assets on the condensed consolidated balance sheets as of June 30, 2023 and December 31, 2022. The Company's long- and indefinite-lived assets, such as property, equipment and software, goodwill, other intangible assets and right-of-use ("ROU") assets, are measured at fair value on a non-recurring basis if the assets are determined to be impaired. The Company recognized an impairment charge related to the write off of ROU assets and leasehold improvements associated with certain of its office space that it abandoned during the six months ended June 30, 2023 based on the Company's determination that the fair values of these impaired assets were zero. See Note 8, " Leases ," for further details.

PREPAID EXPENSES AND OTHER CURR

PREPAID EXPENSES AND OTHER CURRENT ASSETS	6 Months Ended
	Jun. 30, 2023
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
PREPAID EXPENSES AND OTHER CURRENT ASSETS	PREPAID EXPENSES AND OTHER CURRENT ASSETS Prepaid expenses and other current assets as of June 30, 2023 and December 31, 2022 consisted of the following (in thousands): June 30, December 31, Prepaid expenses $ 14,976 $ 14,632 Certificates of deposit 10,000 10,000 Non-trade receivables 4,382 31,338 Other current assets 9,332 7,497 Total prepaid expenses and other current assets $ 38,690 $ 63,467 As of June 30, 2023, other current assets primarily consisted of deferred costs related to subleases and unsettled share repurchases as well as income taxes receivable and short-term deposits.

PROPERTY, EQUIPMENT AND SOFTWAR

PROPERTY, EQUIPMENT AND SOFTWARE, NET	6 Months Ended
	Jun. 30, 2023
Property, Plant and Equipment [Abstract]
PROPERTY, EQUIPMENT AND SOFTWARE, NET	PROPERTY, EQUIPMENT AND SOFTWARE, NET Property, equipment and software, net as of June 30, 2023 and December 31, 2022 consisted of the following (in thousands): June 30, December 31, Capitalized website and internal-use software development costs $ 245,129 $ 229,638 Leasehold improvements (1) 57,917 60,407 Computer equipment 48,426 50,920 Furniture and fixtures 10,401 11,627 Telecommunication 4,171 4,930 Software 1,113 1,702 Total 367,157 359,224 Less accumulated depreciation and amortization (1) (291,569) (282,000) Property, equipment and software, net $ 75,588 $ 77,224 (1) Leasehold improvements, net was reduced to reflect an impairment of $1.0 million recorded during the six months ended June 30, 2023 as a result of the Company's abandonment of certain office space. For more information, see Note 8, " Leases . " Depreciation and amortization expense related to property, equipment and software was $10.2 million and $11.0 million for the three months ended June 30, 2023 and 2022, respectively, and $20.7 million and $21.8 million for the six months ended June 30, 2023 and 2022, respectively.

GOODWILL AND INTANGIBLE ASSETS

GOODWILL AND INTANGIBLE ASSETS	6 Months Ended
	Jun. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
GOODWILL AND INTANGIBLE ASSETS	GOODWILL AND INTANGIBLE ASSETS The Company’s goodwill is the result of its acquisitions of other businesses and represents the excess of purchase consideration over the fair value of assets acquired and liabilities assumed. The Company performed its annual goodwill impairment analysis as of August 31, 2022 and concluded that goodwill was not impaired, as the fair value of the reporting unit exceeded its carrying value. Additionally, no triggering events were identified as of June 30, 2023 or December 31, 2022 that would more likely than not reduce the fair value of goodwill below its carrying value. The changes in carrying amount of goodwill during the six months ended June 30, 2023 were as follows (in thousands): Balance as of December 31, 2022 $ 102,328 Effect of currency translation 932 Balance as of June 30, 2023 $ 103,260 Intangible assets that were not fully amortized as of June 30, 2023 and December 31, 2022 consisted of the following (dollars in thousands): June 30, 2023 Gross Carrying Amount Accumulated Amortization Net Carrying Amount Weighted Average Remaining Life Business relationships $ 9,918 $ (5,904) $ 4,014 5.7 years Licensing agreements 6,129 (1,828) 4,301 6.7 years Domains and data licenses 2,869 (2,869) — 0.0 years Total $ 18,916 $ (10,601) $ 8,315 December 31, 2022 Gross Carrying Amount Accumulated Amortization Net Carrying Amount Weighted Average Remaining Life Business relationships $ 9,918 $ (5,550) $ 4,368 6.2 years Licensing agreements 6,129 (1,505) 4,624 7.2 years Domain and data licenses 2,869 (2,864) 5 0.5 years Total $ 18,916 $ (9,919) $ 8,997 Amortization expense related to intangible assets was $0.4 million and $0.3 million for the three months ended June 30, 2023 and 2022, respectively, and $0.7 million and $1.0 million for the six months ended June 30, 2023 and 2022, respectively. As of June 30, 2023, estimated future amortization expense was as follows (in thousands): Remainder of 2023 $ 677 2024 1,353 2025 1,353 2026 1,353 2027 1,353 2028 1,353 Thereafter 873 Total amortization $ 8,315

LEASES

LEASES	6 Months Ended
	Jun. 30, 2023
Leases [Abstract]
LEASES	LEASES The components of lease cost, net for the three and six months ended June 30, 2023 and 2022 were as follows (in thousands): Three Months Ended Six Months Ended 2023 2022 2023 2022 Operating lease cost $ 9,222 $ 10,499 $ 18,753 $ 21,166 Short-term lease cost (12 months or less) 98 270 203 524 Sublease income (3,403) (2,777) (6,794) (5,555) Total lease cost, net $ 5,917 $ 7,992 $ 12,162 $ 16,135 The Company's leases and subleases do not include any variable lease payments, residual value guarantees, related-party leases, or restrictions or covenants that would limit or prevent the Company from exercising its right to obtain substantially all of the economic benefits from use of the respective assets during the lease term. Supplemental cash flow information related to leases for the six months ended June 30, 2023 and 2022 was as follows (in thousands): Six Months Ended 2023 2022 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 24,065 $ 25,511 As of June 30, 2023, maturities of lease liabilities were as follows (in thousands): Remainder of 2023 $ 21,368 2024 42,715 2025 22,176 2026 7,239 2027 6,426 2028 6,565 Thereafter 9,726 Total minimum lease payments 116,215 Less imputed interest (10,192) Present value of lease liabilities $ 106,023 As of June 30, 2023 and December 31, 2022, the weighted-average remaining lease term and weighted-average discount rate were as follows: June 30, December 31, Weighted-average remaining lease term (years) — operating leases 3.9 4.1 Weighted-average discount rate — operating leases 5.2 % 5.3 % During the six months Note 4, " Fair Value Measurements ."

OTHER NON-CURRENT ASSETS

OTHER NON-CURRENT ASSETS	6 Months Ended
	Jun. 30, 2023
Other Assets, Noncurrent Disclosure [Abstract]
OTHER NON-CURRENT ASSETS	OTHER NON-CURRENT ASSETS Other non-current assets as of June 30, 2023 and December 31, 2022 consisted of the following (in thousands): June 30, December 31, Deferred tax assets $ 139,651 $ 97,426 Deferred contract costs 27,028 25,946 Other non-current assets 12,345 10,617 Total other non-current assets $ 179,024 $ 133,989

CONTRACT BALANCES

CONTRACT BALANCES	6 Months Ended
	Jun. 30, 2023
Revenue from Contract with Customer [Abstract]
CONTRACT BALANCES	CONTRACT BALANCES The changes in the allowance for doubtful accounts during the six months ended June 30, 2023 and 2022 were as follows (in thousands): Six Months Ended 2023 2022 Balance, beginning of period $ 9,277 $ 7,153 Add: provision for doubtful accounts 14,636 12,676 Less: write-offs, net of recoveries (15,751) (11,143) Balance, end of period $ 8,162 $ 8,686 In calculating the allowance for doubtful accounts as of June 30, 2023 and 2022, the Company considered expectations of probable credit losses, including those associated with the COVID-19 pandemic for the 2022 period, based on observed trends in cancellations, observed changes in the credit risk of specific customers, the impact of anticipated closures and bankruptcies using forecasted economic indicators in addition to historical experience and loss patterns during periods of macroeconomic uncertainty. The increases in the provision for doubtful accounts and write-offs, net of recoveries in the six months ended June 30, 2023, as compared to the prior-year period, were a result of the ordinary course of business, reflecting the increase in net revenue as well as higher aggregate customer delinquencies. Contract liabilities consist of deferred revenue, which is recorded on the condensed consolidated balance sheets when the Company has received consideration, or has the right to receive consideration, in advance of transferring the performance obligations under the contract to the customer. The changes in deferred revenue during the six months ended June 30, 2023 were as follows (in thousands): Six Months Ended Balance, beginning of period $ 5,200 Less: recognition of deferred revenue from beginning balance (4,310) Add: net increase in current period contract liabilities 4,524 Balance, end of period $ 5,414 The majority of the Company's deferred revenue balance as of June 30, 2023 is classified as short-term and is expected to be recognized as revenue in the subsequent three-month period ending September 30, 2023. An immaterial amount of long-term deferred revenue is included in other long-term liabilities as of June 30, 2023. No other contract assets or liabilities were recorded on the Company's condensed consolidated balance sheets as of June 30, 2023 and December 31, 2022.

ACCOUNTS PAYABLE AND ACCRUED LI

ACCOUNTS PAYABLE AND ACCRUED LIABILITIES	6 Months Ended
	Jun. 30, 2023
Payables and Accruals [Abstract]
ACCOUNTS PAYABLE AND ACCRUED LIABILITIES	ACCOUNTS PAYABLE AND ACCRUED LIABILITIES Accounts payable and accrued liabilities as of June 30, 2023 and December 31, 2022 consisted of the following (in thousands): June 30, December 31, Accounts payable $ 11,981 $ 14,525 Employee-related liabilities 72,622 66,929 Taxes payable 46,233 6,218 Accrued legal settlements 15,000 26,250 Other accrued liabilities 26,035 24,028 Total accounts payable and accrued liabilities $ 171,871 $ 137,950

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	6 Months Ended
	Jun. 30, 2023
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	COMMITMENTS AND CONTINGENCIES Legal Proceedings Securities Class Action and Derivative Action On January 18, 2018, a putative class action lawsuit alleging violations of the federal securities laws was filed in the U.S. District Court for the Northern District of California (the "Court"), naming as defendants the Company and certain of its officers (the “Securities Class Action”). Following the Court's approval of a stipulation to certify a class and denial of the defendants’ motion for summary judgment, the defendants reached an agreement with the plaintiff to settle this matter for $22.25 million. The proposed settlement was subsequently filed with the Court, which preliminarily approved it on July 25, 2022. The settlement was then funded by defendants' insurers during the three months ended September 30, 2022. The Court entered an order granting final approval to the settlement on January 27, 2023 and, on the same day, entered judgment in the Securities Class Action. The settlement resolved all claims asserted against all defendants in the Securities Class Action without any liability or wrongdoing attributed to them. On August 26, 2022, the Court granted final approval of the settlement of a stockholder derivative action (the “Derivative Action”) asserting claims against certain current and former officers, and naming the Company as a nominal defendant, which arose out of the same facts as the Securities Class Action and was pending before the Court. The settlement resolved all claims asserted against all defendants in the Derivative Action without any liability or wrongdoing attributed to them personally or to the Company. Under the terms of the settlement, the Company’s board of directors adopted certain corporate governance modifications and the Company received $18.0 million of insurance proceeds. The Company paid $3.75 million of such insurance proceeds to the plaintiff’s attorneys as fees. The remaining insurance proceeds partially funded the Securities Class Action settlement. In 2021, the Company recorded an accrual for loss contingency within accounts payable and accrued liabilities in the aggregate amount of $26.0 million, which represented the total settlement amount for both the Securities Class Action and the Derivative Action, as well as a $26.0 million receivable for loss recovery within prepaid expenses and other current assets for the anticipated insurance proceeds related to these settlements. As of December 31, 2022, following payment to the plaintiff's attorneys in the Derivative Action, the Company had $22.25 million remaining for the settlement of the Securities Class Action on its condensed consolidated balance sheets for the loss contingency accrual and loss recovery receivable. In January 2023, the Company released the remaining receivable and accrual upon the Court granting final approval of these settlements. CIPA Action On October 12, 2016, a putative class action lawsuit asserting claims under the California Invasion of Privacy Act was filed against the Company (the "CIPA Action") in the Superior Court of California for the County of San Francisco (the "Superior Court"), in which the plaintiff sought statutory damages and other relief based on alleged unlawful call recording. The Company filed a motion for summary judgment on the basis that it had never recorded the plaintiff, which the Superior Court granted. The plaintiff appealed and, in October 2020, the California Court of Appeal for the First District (the "Court of Appeal") reversed the decision of the Superior Court, holding that the recording of only the Company's consenting sales representatives could violate CIPA, even if the plaintiff was not recorded. The California Supreme Court subsequently denied review of the Court of Appeal's decision and the case was remanded to the Superior Court. On January 18, 2023, the Superior Court granted the plaintiffs’ motion for class certification. In February 2023, the Company filed a petition for a writ with the Court of Appeal seeking reversal of the Superior Court’s class certification decision. The Court of Appeal summarily denied the writ petition on May 25, 2023, following which the Company filed a petition with the California Supreme Court on June 2, 2023 seeking an order directing the Court of Appeal to review the merits of the Company's writ petition. On July 17, 2023, the Company reached a preliminary agreement with the plaintiffs to settle the CIPA Action for $15.0 million, which payment the Company expects to be partially funded by insurance proceeds. The proposed settlement would resolve all claims asserted against the Company in the CIPA Action without any liability or wrongdoing attributed to it. The parties are currently negotiating the definitive terms of the settlement, which will then be presented to the Superior Court for approval. The Company assesses, in conjunction with its legal counsel, the need to record a liability for litigation and contingencies, which it will accrue when it believes a loss is probable and the amount can be reasonably estimated. Although the proposed settlement terms for the CIPA Action remain to be finalized (and will also be subject to court approval), the Company believes the loss is probable and the payment amount of $15.0 million represents a reasonable estimate of loss contingency as of June 30, 2023. The Company had previously recorded a $4.0 million accrual for loss contingency related to the CIPA Action as of December 31, 2022, which it increased by $11.0 million during the three months ended June 30, 2023, resulting in a $15.0 million accrual for loss contingency within accounts payable and accrued liabilities on the Company's condensed consolidated balance sheet as of June 30, 2023. The Company also believes that its anticipated insurance proceeds of approximately $3.3 million related to the CIPA Action settlement are probable and represent a reasonable estimate for loss recovery as of June 30, 2023. Accordingly, the Company recorded a $3.3 million receivable for loss recovery within prepaid expenses and other current assets on its condensed consolidated balance sheet as of June 30, 2023. Other Legal Proceedings The Company is subject to other legal proceedings arising in the ordinary course of business. Although the results of litigation and claims cannot be predicted with certainty, the Company currently does not believe that the final outcome of any of these other matters will have a material effect on the Company’s business, financial position, results of operations or cash flows. Indemnification Agreements In the ordinary course of business, the Company may provide indemnifications of varying scope and terms to customers, vendors, lessors, business partners and other parties with respect to certain matters, including, but not limited to, losses arising out of breach of such agreements, services to be provided by the Company or from intellectual property infringement claims made by third parties. In addition, the Company has entered into indemnification agreements with directors and certain officers and employees that will require the Company to, among other things, indemnify them against certain liabilities that may arise by reason of their status or service as directors, officers or employees. While the outcome of claims cannot be predicted with certainty, the Company does not believe that the outcome of any claims under the indemnification arrangements will have a material effect on the Company’s business, financial position, results of operations or cash flows. Revolving Credit Facility On April 28, 2023, the Company entered into a Revolving Credit and Guaranty Agreement with certain lenders and JPMorgan Chase Bank, N.A., as administrative and collateral agent, which provides for a five-year $125.0 million senior secured revolving credit facility (the "2023 credit facility"). The 2023 credit facility replaced the Company’s previous $75.0 million revolving credit facility entered into on May 5, 2020 with Wells Fargo Bank, N.A. (the “2020 credit facility”), which terminated concurrently with the establishment of the 2023 credit facility. The 2023 credit facility includes a letter of credit sub-limit of $25.0 million, a bilateral letter of credit facility of $25.0 million and an accordion option, which, if exercised, would allow the Company to increase the aggregate commitments by up to $250.0 million, plus additional amounts if the Company is able to satisfy a leverage test, subject to certain conditions. The commitments under the 2023 credit facility expire on April 28, 2028. Loans under the 2023 credit facility bear interest, at the Company’s election, at either (a) an adjusted term Secured Overnight Financing Rate plus 0.10% plus a margin of 1.25% - 1.50%, depending on the Company’s total leverage ratio, or (b) an alternative base rate plus a margin of 0.25% - 0.50%, depending on the Company’s total leverage ratio. The Company is required to pay a commitment fee on the undrawn portion of the aggregate commitments that accrues at 0.20% - 0.25% per annum, depending on the Company’s total leverage ratio, as well as a letter of credit fee on any outstanding letters of credit that accrues at 1.25% - 1.50% per annum, depending on the Company’s total leverage ratio. The 2023 credit facility contains customary conditions to borrowing, events of default and covenants, including covenants that restrict the Company’s ability to incur indebtedness, grant liens, make distributions, pay dividends, repurchase shares, make investments, or engage in transactions with the Company’s affiliates, in each case subject to certain exceptions. The 2023 credit facility also requires the Company to maintain a total leverage ratio of no greater than 3.75 to 1.00, subject to an increase up to 4.25 to 1.00 for a certain period following significant acquisitions, and an interest coverage ratio of no less than 3.00 to 1.00. The obligations under the 2023 credit facility are secured by liens on substantially all of the Company’s domestic assets, including certain domestic intellectual property assets and the equity of its domestic subsidiaries, as well as a portion of the equity interests the Company holds directly in its foreign subsidiaries.

STOCKHOLDERS' EQUITY

STOCKHOLDERS' EQUITY	6 Months Ended
	Jun. 30, 2023
Stockholders' Equity Note [Abstract]
STOCKHOLDERS’ EQUITY	STOCKHOLDERS’ EQUITY The following table presents the number of shares authorized and issued as of the dates indicated (in thousands): June 30, 2023 December 31, 2022 Shares Authorized Shares Shares Authorized Shares Stockholders’ equity: Common stock, $0.000001 par value 200,000 69,287 200,000 69,797 Undesignated preferred stock 10,000 — 10,000 — Stock Repurchase Program As of June 30, 2023, the Company's board of directors had authorized it to repurchase up to an aggregate of $1.45 billion of its outstanding common stock, $181.7 million of which remained available as of June 30, 2023. The Company may purchase shares at management’s discretion in the open market, in privately negotiated transactions, in transactions structured through investment banking institutions or a combination of the foregoing. During the six months ended June 30, 2023, the Company repurchased on the open market and subsequently retired 3,264,260 shares for an aggregate purchase price of $100.0 million. Although no shares were held in treasury stock as of June 30, 2023, an immaterial balance that remained was comprised of excise tax under the Inflation Reduction Act of 2022 on stock repurchases, net of shares issued, during the six-month period. The Company expects to pay the excise tax in early 2024. During the six months ended June 30, 2022, the Company repurchased on the open market 3,039,203 shares for an aggregate purchase price of $100.0 million and retired 2,932,305 shares. As of June 30, 2022, the Company had a treasury stock balance of 106,898 shares, which were excluded from its outstanding share count as of such date and subsequently retired in July 2022. Equity Incentive Plans Stock Options Stock options are granted at a price per share not less than the fair value of a share of the Company’s common stock on the grant date. Options generally vest over a four-year period, on one of two schedules: (a) 25% vesting at the end of one year and the remaining shares vesting monthly thereafter or (b) ratably on a monthly basis. Options granted are generally exercisable for contractual terms of up to 10 years. The Company issues new shares when stock options are exercised. A summary of stock option activity for the six months ended June 30, 2023 is as follows: Number of Shares (in thousands) Weighted-Average Exercise Price Weighted-Average Remaining Contractual Term (in years) Aggregate Intrinsic Value (in thousands) Outstanding at December 31, 2022 3,543 $ 32.81 3.6 $ 7,507 Exercised (716) 21.73 Canceled (83) 34.56 Outstanding at June 30, 2023 2,744 $ 35.64 4.0 $ 10,671 Options vested and exercisable at June 30, 2023 2,681 $ 35.66 3.9 $ 10,480 Aggregate intrinsic value represents the difference between the closing price of the Company’s common stock as quoted on the New York Stock Exchange on a given date and the exercise price of outstanding, in-the-money options. The total intrinsic value of options exercised was approximately $0.1 million and $0.6 million for the three months ended June 30, 2023 and 2022, respectively, and $5.5 million and $0.9 million for the six months ended June 30, 2023 and 2022, respectively. There were no options granted during the six months ended June 30, 2023. The weighted-average grant date fair value of options granted during the three and six months ended June 30, 2022 was $16.07 per share. As of June 30, 2023, total unrecognized compensation costs related to nonvested stock options were approximately $1.0 million, which the Company expects to recognize over a weighted-average time period of 1.7 years. RSUs RSUs generally vest over a four-year period, on one of two schedules: (a) 25% vesting at the end of one year and the remaining vesting quarterly or annually thereafter or (b) ratably on a quarterly basis. RSUs also include PRSUs, which are subject to either (a) a market condition or (b) the achievement of performance goals. PRSUs may also be subject to a time-based vesting schedule of quarterly over four years (the "Time-Based Vesting Schedule"). For PRSUs subject to a market condition, the Company recognizes expense from the date of grant. For PRSUs subject to performance goals, the Company recognizes expense when it is probable that the performance condition will be achieved. The Company granted PRSUs subject to market conditions in 2022 and 2023. The shares underlying each of these PRSU awards vest based on the relative performance of the Company's total stockholder return ("TSR") over a three-year period. A percentage of the target number of shares underlying each award, ranging from zero to 200%, will vest based on the percentile rank of the Company's TSR relative to that of the other companies in the Russell 2000 Index over the period beginning January 1 st of the year of grant and ending three years later (the "Performance Period"). The Company’s TSR, as well as the TSR of the other companies in the Russell 2000 Index, will be calculated based on the average closing price of each company's stock over the last 20 trading days of the Performance Period compared to the average closing price over the first 20 trading days of the Performance Period. Any shares that become eligible to vest based on the Company's level of achievement of the market goal will fully vest on or following certification of the Company's performance on February 20, 2025 and 2026, respectively, or, if certification occurs following such date, March 15, 2025 and 2026, respectively, for the 2022 and 2023 grants, subject to the applicable employee's continued service as of such vesting dates. For PRSUs subject to performance goals, a percentage of the target number of shares, ranging from zero to 200%, will become eligible to vest based on the Company's level of achievement of certain financial targets, subject to the Time-Based Vesting Schedule. The shares subject to performance goals become eligible to vest once the achievement against the financial targets is known, which will be no later than March of the year following the year in which the PRSUs are granted. On the quarterly vest date immediately following such determination (or a vest date otherwise specified in the agreement), the eligible shares, if any, will vest to the extent that the employee has met the Time-Based Vesting Schedule as of such date. Thereafter, the eligible shares will continue to vest in accordance with the Time-Based Vesting Schedule, subject to the applicable employee's continued service as of each such vesting date. The Company performed an analysis as of June 30, 2023 to assess the probability of achievement of the PRSU financial targets and, as a result, recorded compensation costs in the three and six months ended June 30, 2023 for the PRSUs that it expected to vest. As the PRSU activity during the six months ended June 30, 2023 was not material, it is presented together with the RSU activity in the table below. A summary of RSU and PRSU activity for the six months ended June 30, 2023 is as follows (in thousands, except per share amounts): Number of Shares Weighted-Average Grant Date Fair Value Nonvested at December 31, 2022 9,962 $ 33.48 Granted 6,207 29.42 Vested (1) (2,873) 31.61 Canceled (718) 32.01 Nonvested at June 30, 2023 (2) 12,578 $ 31.99 (1) Includes 1,211,815 shares that vested but were not issued due to the Company's use of net share withholding for payment of employee taxes. (2) Includes 880,856 PRSUs. The aggregate fair value as of the vest date of RSUs and PRSUs that vested during the six months ended June 30, 2023 and 2022 was $91.2 million and $81.4 million, respectively. As of June 30, 2023, the Company had approximately $377.0 million of unrecognized stock-based compensation expense related to RSUs and PRSUs, which it expects to recognize over the remaining weighted-average vesting period of approximately 2.6 years. Employee Stock Purchase Plan The Employee Stock Purchase Plan ("ESPP") allows eligible employees to purchase shares of the Company’s common stock at a discount through payroll deductions of up to 15% of their eligible compensation, subject to any plan limitations, during designated six-month offering periods. At the end of each offering period, employees are able to purchase shares at 85% of the fair market value of the Company’s common stock on the last day of the offering period, based on the closing sales price of the Company's common stock as quoted on the New York Stock Exchange on such date. There were 379,656 and 380,332 shares purchased by employees under the ESPP at a weighted-average purchase price per share of $28.70 and $28.69 during the three and six months ended June 30, 2023, respectively. There were 364,436 shares purchased by employees under the ESPP at a weighted-average purchase price per share of $25.00 during the three and six months ended June 30, 2022. The Company recognized stock-based compensation expense related to the ESPP of $0.9 million and $0.7 million during the three months ended June 30, 2023 and 2022, respectively. The Company recognized stock-based compensation expense related to the ESPP of $1.8 million and $1.5 million during the six months ended June 30, 2023 and 2022, respectively. Stock-Based Compensation The following table summarizes the effects of stock-based compensation expense related to stock-based awards in the condensed consolidated statements of operations during the periods presented (in thousands): Three Months Ended Six Months Ended 2023 2022 2023 2022 Cost of revenue $ 1,346 $ 1,248 $ 2,728 $ 2,553 Sales and marketing 8,607 8,200 17,721 16,855 Product development 24,974 22,304 50,841 45,429 General and administrative 8,653 8,309 18,547 16,284 Total stock-based compensation recorded to income before income taxes 43,580 40,061 89,837 81,121 Benefit from income taxes (9,271) (8,819) (18,875) (17,957) Total stock-based compensation recorded to net income attributable to common stockholders $ 34,309 $ 31,242 $ 70,962 $ 63,164

OTHER INCOME, NET

OTHER INCOME, NET	6 Months Ended
	Jun. 30, 2023
Other Income and Expenses [Abstract]
OTHER INCOME, NET	OTHER INCOME, NET Other income, net for the three and six months ended June 30, 2023 and 2022 consisted of the following (in thousands): Three Months Ended Six Months Ended 2023 2022 2023 2022 Interest income, net $ 4,656 $ 529 $ 8,663 $ 551 Transaction gain (loss) on foreign exchange, net 101 (94) 31 (23) Other non-operating income, net 1,141 892 2,416 1,728 Other income, net $ 5,898 $ 1,327 $ 11,110 $ 2,256

INCOME TAXES

INCOME TAXES	6 Months Ended
	Jun. 30, 2023
Income Tax Disclosure [Abstract]
INCOME TAXES	INCOME TAXES The Company is subject to income taxes in the United States as well as other tax jurisdictions in which it conducts business. Earnings from non-U.S. activities are subject to local country income taxes. The provision for income taxes for the six months ended June 30, 2023 was $9.7 million, which was due to $12.5 million o f U.S. federal, state and foreign income tax expense, partially offset by $2.8 million of n et discrete tax benefit primarily related to a one-time litigation settlement expense in connection with the preliminary settlement of the CIPA Action, as detailed in Note 12, " Commitment and Contingencies. " The provision for income taxes for the six months ended June 30, 2022 was $6.7 million, which was due to $6.8 million of U.S. federal, state and foreign income tax expense, partially offset by $0.1 million of net discrete tax benefit primarily related to stock-based compensation. Accounting for income taxes for interim periods generally requires the provision for income taxes to be determined by applying an estimate of the annual effective tax rate for the full fiscal year to income or loss before income taxes, excluding unusual or infrequently occurring discrete items, for the reporting period. For the three and six months ended June 30, 2023 and 2022, the difference between the effective tax rate and the federal statutory tax rate primarily related to stock-based compensation and the inclusion of global intangible low-taxed income ("GILTI"), offset by tax credits. As currently enacted, the Tax Cuts and Jobs Act requires taxpayers to capitalize research and development expenses with amortization periods over five and fifteen years, which is expected to increase the amount of the Company's GILTI. As of June 30, 2023, the total amount of gross unrecognized tax benefits wa s $63.9 million, $30.3 million o f which was subject to a full valuation allowance and would not affect the Company’s effective tax rate if recognized. In the three and six months ended June 30, 2023, the Company recorded an immaterial amount of interest and penalties. As of June 30, 2023, the Company estimated that it had accumulated undistributed earnings generated by its foreign subsidiaries of approximately $21.1 million. A ny taxes due with respect to such earnings or the excess of the amount for financial reporting over the tax basis of the Company's foreign investments would generally be limited to foreign and state taxes. The Company has not recognized a deferred tax liability related to unremitted foreign earnings, as it intends to indefinitely reinvest these earnings, and expects future U.S. cash generation to be sufficient to meet future U.S. cash needs. In addition, the Company is subject to the continuous examination of its income tax returns by the Internal Revenue Service and other tax authorities. The Company’s federal and state income tax returns for tax years subsequent to 2003 re main open to examination. In the Company’s foreign jurisdictions — Canada, Germany, Ireland and the United Kingdom — the tax years subsequent to 2017 remain open to examination. The Company regularly assesses the likelihood of adverse outcomes resulting from examinations to determine the adequacy of its provision for income taxes and monitors the progress of ongoing discussions with tax authorities and the impact, if any, of the expected expiration of the statute of limitations in various taxing jurisdictions. The Company believes that an adequate provision has been made for any adjustments that may result from tax examinations. However, the outcome of tax audits cannot be predicted with certainty. If any issues addressed in the Company’s tax audits are resolved in a manner not consistent with management’s expectations, the Company could be required to adjust its provision for income taxes in the period such resolution occurs. As of June 30, 2023, although the timing of the resolution or closure of audits is not certain, the Company believes it is reasonably possible that unrecognized tax benefits will not be reduced within the next 12 months.

NET INCOME PER SHARE ATTRIBUTAB

NET INCOME PER SHARE ATTRIBUTABLE TO COMMON STOCKHOLDERS	6 Months Ended
	Jun. 30, 2023
Earnings Per Share [Abstract]
NET INCOME PER SHARE ATTRIBUTABLE TO COMMON STOCKHOLDERS	NET INCOME PER SHARE ATTRIBUTABLE TO COMMON STOCKHOLDERS Basic net income (loss) per share attributable to common stockholders is computed using the weighted-average number of outstanding shares of common stock during the period. Diluted net income (loss) per share attributable to common stockholders is computed using the weighted-average number of outstanding shares of common stock and the effect of potentially dilutive securities outstanding during the period. Potentially dilutive securities include stock options, RSUs (including PRSUs) and, to a lesser extent, ESPP shares. If dilutive, such potentially dilutive securities are reflected in net income (loss) per share attributable to common stockholders using the treasury stock method. The following tables present the calculation of basic and diluted net income per share attributable to common stockholders for the periods presented (in thousands, except per share data): Three Months Ended Six Months Ended 2023 2022 2023 2022 Basic net income per share: Net income attributable to common stockholders $ 14,729 $ 8,009 $ 13,551 $ 7,094 Shares used in computation: Weighted-average common shares outstanding 69,256 71,217 69,537 71,427 Basic net income per share attributable to common stockholders: $ 0.21 $ 0.11 $ 0.19 $ 0.10 Three Months Ended Six Months Ended 2023 2022 2023 2022 Diluted net income per share: Net income attributable to common stockholders $ 14,729 $ 8,009 $ 13,551 $ 7,094 Shares used in computation: Weighted-average common shares outstanding 69,256 71,217 69,537 71,427 Stock options 189 445 194 505 RSUs 1,783 1,163 1,909 1,635 ESPP 10 10 5 5 Number of shares used in diluted calculation 71,238 72,835 71,645 73,572 Diluted net income per share attributable to common stockholders: $ 0.21 $ 0.11 $ 0.19 $ 0.10 The following stock-based instruments were excluded from the calculation of diluted net income per share attributable to common stockholders because their effect would have been anti-dilutive for the periods presented (in thousands): Three Months Ended Six Months Ended 2023 2022 2023 2022 Stock options 2,140 2,444 2,230 2,447 RSUs 4,764 7,958 4,147 6,734

INFORMATION ABOUT REVENUE AND G

INFORMATION ABOUT REVENUE AND GEOGRAPHIC AREAS	6 Months Ended
	Jun. 30, 2023
Segment Reporting [Abstract]
INFORMATION ABOUT REVENUE AND GEOGRAPHIC AREAS	INFORMATION ABOUT REVENUE AND GEOGRAPHIC AREASThe Company considers operating segments to be components of the Company for which separate financial information is available and evaluated regularly by the Company’s chief operating decision maker in deciding how to allocate resources and in assessing performance. The chief operating decision maker for the Company is the chief executive officer. The chief executive officer reviews financial information presented on a consolidated basis, accompanied by information about revenue by product line and geographic region for purposes of allocating resources and evaluating financial performance. The Company has determined that it has a single operating and reporting segment. When the Company communicates results externally, it disaggregates net revenue into major product lines and primary geographical markets, which is based on the billing address of the customer. The disaggregation of net revenue by major product lines is based on the type of service provided and also aligns with the timing of revenue recognition for each. To reflect the Company's strategic focus on creating differentiated experiences for its Services categories and Restaurants, Retail & Other categories, the Company further disaggregates advertising revenue to reflect these two high-level category groupings. The Services categories consist of the following businesses: home, local, auto, professional, pets, events, real estate and financial services. The Restaurants, Retail & Other categories consist of the following businesses: restaurants, shopping, beauty & fitness, health and other. Net Revenue The following table presents the Company’s net revenue by major product line (and by category for advertising revenue) for the periods presented (in thousands): Three Months Ended Six Months Ended 2023 2022 2023 2022 Net revenue by product: Advertising revenue by category: Services $ 200,274 $ 174,298 $ 383,794 $ 334,561 Restaurants, Retail & Other 121,698 109,220 235,321 212,194 Advertising 321,972 283,518 619,115 546,755 Transactions 3,380 3,940 6,936 7,120 Other 11,774 11,426 23,513 21,637 Total net revenue $ 337,126 $ 298,884 $ 649,564 $ 575,512 During the three and six months ended June 30, 2023 and 2022, no individual customer accounted for 10% or more of consolidated net revenue. The following table presents the Company’s net revenue by major geographic region for the periods presented (in thousands): Three Months Ended Six Months Ended 2023 2022 2023 2022 United States $ 334,713 $ 296,876 $ 644,935 $ 571,520 All other countries 2,413 2,008 4,629 3,992 Total net revenue $ 337,126 $ 298,884 $ 649,564 $ 575,512 Long-Lived Assets The following table presents the Company’s long-lived assets by major geographic region as of June 30, 2023 and December 31, 2022 (in thousands): June 30, December 31, United States $ 68,638 $ 72,325 All other countries 6,950 4,899 Total long-lived assets $ 75,588 $ 77,224

DESCRIPTION OF BUSINESS AND B_2

DESCRIPTION OF BUSINESS AND BASIS FOR PRESENTATION (Policies)	6 Months Ended
	Jun. 30, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation	Basis of Presentation The accompanying interim condensed consolidated financial statements are unaudited. These unaudited interim condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America ("GAAP") and the applicable rules and regulations of the U.S. Securities and Exchange Commission ("SEC") regarding interim financial reporting. Certain information and note disclosures normally included in the financial statements prepared in accordance with GAAP have been condensed or omitted pursuant to such rules and regulations. Accordingly, these unaudited interim condensed consolidated financial statements should be read in conjunction with the consolidated financial statements contained in the Annual Report. The unaudited condensed consolidated balance sheet as of December 31, 2022 included herein was derived from the audited consolidated financial statements as of that date, but does not include all disclosures required by GAAP, including certain notes to the financial statements. The unaudited interim condensed consolidated financial statements have been prepared on the same basis as the audited consolidated financial statements. In the opinion of management, the accompanying unaudited condensed consolidated financial statements include all adjustments of a normally recurring nature necessary for the fair presentation of the interim periods presented.
Principles of Consolidation	Principles of Consolidation These unaudited interim condensed consolidated financial statements include the accounts of the Company and its wholly-owned subsidiaries. All intercompany accounts and transactions have been eliminated upon consolidation.
Use of Estimates	Use of Estimates The preparation of the Company’s unaudited interim condensed consolidated financial statements in conformity with GAAP requires management to make estimates, judgments and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities at the date of the condensed consolidated financial statements and the reported amounts of income and expenses during the reporting period. Items that require estimates, judgments or assumptions include, but are not limited to, determining variable consideration and identifying the nature and timing of satisfaction of performance obligations, allowance for doubtful accounts and credit losses, fair value and estimated useful lives of long- and indefinite-lived assets, litigation loss contingencies, liabilities related to incurred but not reported insurance claims, fair value and achievement of targets for performance-based restricted stock units (“PRSUs”) and income taxes. These estimates, judgments and assumptions are based on information available as of the date of the condensed consolidated financial statements; therefore, actual results could differ from management’s estimates due to macroeconomic uncertainty and other factors.

CASH, CASH EQUIVALENTS AND RE_2

CASH, CASH EQUIVALENTS AND RESTRICTED CASH (Tables)	6 Months Ended
	Jun. 30, 2023
Cash and Cash Equivalents [Abstract]
Schedule of Cash and Cash Equivalents	Cash, cash equivalents and restricted cash as of June 30, 2023 and December 31, 2022 consisted of the following (in thousands): June 30, December 31, Cash $ 70,708 $ 56,304 Cash equivalents 199,548 250,075 Total cash and cash equivalents $ 270,256 $ 306,379 Restricted cash 518 759 Total cash, cash equivalents and restricted cash $ 270,774 $ 307,138
Schedule of Restrictions on Cash and Cash Equivalents	Cash, cash equivalents and restricted cash as of June 30, 2023 and December 31, 2022 consisted of the following (in thousands): June 30, December 31, Cash $ 70,708 $ 56,304 Cash equivalents 199,548 250,075 Total cash and cash equivalents $ 270,256 $ 306,379 Restricted cash 518 759 Total cash, cash equivalents and restricted cash $ 270,774 $ 307,138

MARKETABLE SECURITIES (Tables)

MARKETABLE SECURITIES (Tables)	6 Months Ended
	Jun. 30, 2023
Investments, Debt and Equity Securities [Abstract]
Schedule of the Fair Value to Amortized Cost Basis of Securities Available-for-Sale	Short-term investments and certain cash equivalents consist of investments in debt securities that are classified as available-for-sale. The amortized cost, gross unrealized gains and losses and fair value of investments as of June 30, 2023 and December 31, 2022 were as follows (in thousands): June 30, 2023 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value Short-term marketable securities: Certificates of deposit $ 7,688 $ — $ — $ 7,688 Commercial paper 4,567 — — 4,567 Corporate bonds 25,422 11 (279) 25,154 Agency bonds 20,820 2 (62) 20,760 U.S. government bonds 69,425 7 (692) 68,740 Total short-term marketable securities $ 127,922 $ 20 $ (1,033) $ 126,909 December 31, 2022 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value Cash equivalents: Commercial paper $ 2,524 $ — $ — $ 2,524 Total cash equivalents 2,524 — — 2,524 Short-term marketable securities: Certificates of deposit 10,651 — — 10,651 Commercial paper 13,054 — — 13,054 Corporate bonds 32,701 3 (353) 32,351 Agency bonds 3,010 — (11) 2,999 U.S. government bonds 35,479 8 (298) 35,189 Total short-term marketable securities 94,895 11 (662) 94,244 Total $ 97,419 $ 11 $ (662) $ 96,768 The contractual maturities for marketable securities classified as available-for-sale as of June 30, 2023 were as follows (in thousands): Amortized Cost Fair Value Due in one year or less $ 72,972 $ 72,468 Due in one to five years 54,950 54,441 Total $ 127,922 $ 126,909
Schedule of Securities in an Unrealized Loss Position	The following tables present gross unrealized losses and fair values for those securities that were in an unrealized loss position as of June 30, 2023 and December 31, 2022, aggregated by investment category and the length of time that the individual securities have been in a continuous loss position (in thousands): June 30, 2023 Less Than 12 Months 12 Months or Greater Total Fair Value Unrealized Loss Fair Value Unrealized Loss Fair Value Unrealized Loss Corporate bonds $ 21,595 $ (279) $ — $ — $ 21,595 $ (279) Agency bonds 14,275 (62) — — 14,275 (62) U.S. government bonds 64,754 (692) — — 64,754 (692) Total $ 100,624 $ (1,033) $ — $ — $ 100,624 $ (1,033) December 31, 2022 Less Than 12 Months 12 Months or Greater Total Fair Value Unrealized Loss Fair Value Unrealized Loss Fair Value Unrealized Loss Corporate bonds $ 29,428 $ (353) $ — $ — $ 29,428 $ (353) Agency bonds 2,999 (11) — — 2,999 (11) U.S. government bonds 27,368 (298) — — 27,368 (298) Total $ 59,795 $ (662) $ — $ — $ 59,795 $ (662)

FAIR VALUE MEASUREMENTS (Tables

FAIR VALUE MEASUREMENTS (Tables)	6 Months Ended
	Jun. 30, 2023
Fair Value Disclosures [Abstract]
Schedule of Financial Instruments Measured at Fair Value	The following table represents the fair value of the Company’s financial instruments, including those measured at fair value on a recurring basis, as of June 30, 2023 and December 31, 2022 (in thousands): June 30, 2023 December 31, 2022 Level 1 Level 2 Level 3 Total Level 1 Level 2 Level 3 Total Cash equivalents: Money market funds $ 174,178 $ — $ — $ 174,178 $ 247,551 $ — $ — $ 247,551 Commercial paper — — — — — 2,524 — 2,524 Marketable securities: Certificates of deposit — 7,688 — 7,688 — 10,651 — 10,651 Commercial paper — 4,567 — 4,567 — 13,054 — 13,054 Corporate bonds — 25,154 — 25,154 — 32,351 — 32,351 Agency bonds — 20,760 — 20,760 — 2,999 — 2,999 U.S. government bonds — 68,740 — 68,740 — 35,189 — 35,189 Other investments: Certificates of deposit — 10,000 — 10,000 — 10,000 — 10,000 Total cash equivalents, marketable securities and other investments $ 174,178 $ 136,909 $ — $ 311,087 $ 247,551 $ 106,768 $ — $ 354,319

PREPAID EXPENSES AND OTHER CU_2

PREPAID EXPENSES AND OTHER CURRENT ASSETS (Tables)	6 Months Ended
	Jun. 30, 2023
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Schedule of Prepaid Expenses and Other Current Assets	Prepaid expenses and other current assets as of June 30, 2023 and December 31, 2022 consisted of the following (in thousands): June 30, December 31, Prepaid expenses $ 14,976 $ 14,632 Certificates of deposit 10,000 10,000 Non-trade receivables 4,382 31,338 Other current assets 9,332 7,497 Total prepaid expenses and other current assets $ 38,690 $ 63,467

PROPERTY, EQUIPMENT, AND SOFTWA

PROPERTY, EQUIPMENT, AND SOFTWARE, NET (Tables)	6 Months Ended
	Jun. 30, 2023
Property, Plant and Equipment [Abstract]
Schedule of Property, Equipment and Software, Net	Property, equipment and software, net as of June 30, 2023 and December 31, 2022 consisted of the following (in thousands): June 30, December 31, Capitalized website and internal-use software development costs $ 245,129 $ 229,638 Leasehold improvements (1) 57,917 60,407 Computer equipment 48,426 50,920 Furniture and fixtures 10,401 11,627 Telecommunication 4,171 4,930 Software 1,113 1,702 Total 367,157 359,224 Less accumulated depreciation and amortization (1) (291,569) (282,000) Property, equipment and software, net $ 75,588 $ 77,224 (1) Leasehold improvements, net was reduced to reflect an impairment of $1.0 million recorded during the six months ended June 30, 2023 as a result of the Company's abandonment of certain office space. For more information, see Note 8, " Leases . "

GOODWILL AND INTANGIBLE ASSETS

GOODWILL AND INTANGIBLE ASSETS (Tables)	6 Months Ended
	Jun. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Goodwill	The changes in carrying amount of goodwill during the six months ended June 30, 2023 were as follows (in thousands): Balance as of December 31, 2022 $ 102,328 Effect of currency translation 932 Balance as of June 30, 2023 $ 103,260
Schedule of Intangible Assets	Intangible assets that were not fully amortized as of June 30, 2023 and December 31, 2022 consisted of the following (dollars in thousands): June 30, 2023 Gross Carrying Amount Accumulated Amortization Net Carrying Amount Weighted Average Remaining Life Business relationships $ 9,918 $ (5,904) $ 4,014 5.7 years Licensing agreements 6,129 (1,828) 4,301 6.7 years Domains and data licenses 2,869 (2,869) — 0.0 years Total $ 18,916 $ (10,601) $ 8,315 December 31, 2022 Gross Carrying Amount Accumulated Amortization Net Carrying Amount Weighted Average Remaining Life Business relationships $ 9,918 $ (5,550) $ 4,368 6.2 years Licensing agreements 6,129 (1,505) 4,624 7.2 years Domain and data licenses 2,869 (2,864) 5 0.5 years Total $ 18,916 $ (9,919) $ 8,997
Schedule of Future Amortization Expense	As of June 30, 2023, estimated future amortization expense was as follows (in thousands): Remainder of 2023 $ 677 2024 1,353 2025 1,353 2026 1,353 2027 1,353 2028 1,353 Thereafter 873 Total amortization $ 8,315

LEASES (Tables)

LEASES (Tables)	6 Months Ended
	Jun. 30, 2023
Leases [Abstract]
Schedule of Lease Cost and Supplemental Cash Flow Information	The components of lease cost, net for the three and six months ended June 30, 2023 and 2022 were as follows (in thousands): Three Months Ended Six Months Ended 2023 2022 2023 2022 Operating lease cost $ 9,222 $ 10,499 $ 18,753 $ 21,166 Short-term lease cost (12 months or less) 98 270 203 524 Sublease income (3,403) (2,777) (6,794) (5,555) Total lease cost, net $ 5,917 $ 7,992 $ 12,162 $ 16,135 Supplemental cash flow information related to leases for the six months ended June 30, 2023 and 2022 was as follows (in thousands): Six Months Ended 2023 2022 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 24,065 $ 25,511
Schedule of Lessee, Operating Lease, Liability, Maturity	As of June 30, 2023, maturities of lease liabilities were as follows (in thousands): Remainder of 2023 $ 21,368 2024 42,715 2025 22,176 2026 7,239 2027 6,426 2028 6,565 Thereafter 9,726 Total minimum lease payments 116,215 Less imputed interest (10,192) Present value of lease liabilities $ 106,023
Schedule of Assets And Liabilities, Lessee Information	As of June 30, 2023 and December 31, 2022, the weighted-average remaining lease term and weighted-average discount rate were as follows: June 30, December 31, Weighted-average remaining lease term (years) — operating leases 3.9 4.1 Weighted-average discount rate — operating leases 5.2 % 5.3 %

OTHER NON-CURRENT ASSETS (Table

OTHER NON-CURRENT ASSETS (Tables)	6 Months Ended
	Jun. 30, 2023
Other Assets, Noncurrent Disclosure [Abstract]
Schedule of Other Non-Current Assets	Other non-current assets as of June 30, 2023 and December 31, 2022 consisted of the following (in thousands): June 30, December 31, Deferred tax assets $ 139,651 $ 97,426 Deferred contract costs 27,028 25,946 Other non-current assets 12,345 10,617 Total other non-current assets $ 179,024 $ 133,989

CONTRACT BALANCES (Tables)

CONTRACT BALANCES (Tables)	6 Months Ended
	Jun. 30, 2023
Revenue from Contract with Customer [Abstract]
Schedule of Allowance for Doubtful Accounts Receivable	The changes in the allowance for doubtful accounts during the six months ended June 30, 2023 and 2022 were as follows (in thousands): Six Months Ended 2023 2022 Balance, beginning of period $ 9,277 $ 7,153 Add: provision for doubtful accounts 14,636 12,676 Less: write-offs, net of recoveries (15,751) (11,143) Balance, end of period $ 8,162 $ 8,686
Schedule of Contract with Customer, Liability	The changes in deferred revenue during the six months ended June 30, 2023 were as follows (in thousands): Six Months Ended Balance, beginning of period $ 5,200 Less: recognition of deferred revenue from beginning balance (4,310) Add: net increase in current period contract liabilities 4,524 Balance, end of period $ 5,414

ACCOUNTS PAYABLE AND ACCRUED _2

ACCOUNTS PAYABLE AND ACCRUED LIABILITIES (Tables)	6 Months Ended
	Jun. 30, 2023
Payables and Accruals [Abstract]
Schedule of Accrued Liabilities	Accounts payable and accrued liabilities as of June 30, 2023 and December 31, 2022 consisted of the following (in thousands): June 30, December 31, Accounts payable $ 11,981 $ 14,525 Employee-related liabilities 72,622 66,929 Taxes payable 46,233 6,218 Accrued legal settlements 15,000 26,250 Other accrued liabilities 26,035 24,028 Total accounts payable and accrued liabilities $ 171,871 $ 137,950

STOCKHOLDERS' EQUITY (Tables)

STOCKHOLDERS' EQUITY (Tables)	6 Months Ended
	Jun. 30, 2023
Stockholders' Equity Note [Abstract]
Schedule of Stock by Class	The following table presents the number of shares authorized and issued as of the dates indicated (in thousands): June 30, 2023 December 31, 2022 Shares Authorized Shares Shares Authorized Shares Stockholders’ equity: Common stock, $0.000001 par value 200,000 69,287 200,000 69,797 Undesignated preferred stock 10,000 — 10,000 —
Schedule of Stock Option Activity	A summary of stock option activity for the six months ended June 30, 2023 is as follows: Number of Shares (in thousands) Weighted-Average Exercise Price Weighted-Average Remaining Contractual Term (in years) Aggregate Intrinsic Value (in thousands) Outstanding at December 31, 2022 3,543 $ 32.81 3.6 $ 7,507 Exercised (716) 21.73 Canceled (83) 34.56 Outstanding at June 30, 2023 2,744 $ 35.64 4.0 $ 10,671 Options vested and exercisable at June 30, 2023 2,681 $ 35.66 3.9 $ 10,480
Schedule of RSU Activity	A summary of RSU and PRSU activity for the six months ended June 30, 2023 is as follows (in thousands, except per share amounts): Number of Shares Weighted-Average Grant Date Fair Value Nonvested at December 31, 2022 9,962 $ 33.48 Granted 6,207 29.42 Vested (1) (2,873) 31.61 Canceled (718) 32.01 Nonvested at June 30, 2023 (2) 12,578 $ 31.99 (1) Includes 1,211,815 shares that vested but were not issued due to the Company's use of net share withholding for payment of employee taxes. (2) Includes 880,856 PRSUs.
Schedule of Stock-Based Compensation Expense	The following table summarizes the effects of stock-based compensation expense related to stock-based awards in the condensed consolidated statements of operations during the periods presented (in thousands): Three Months Ended Six Months Ended 2023 2022 2023 2022 Cost of revenue $ 1,346 $ 1,248 $ 2,728 $ 2,553 Sales and marketing 8,607 8,200 17,721 16,855 Product development 24,974 22,304 50,841 45,429 General and administrative 8,653 8,309 18,547 16,284 Total stock-based compensation recorded to income before income taxes 43,580 40,061 89,837 81,121 Benefit from income taxes (9,271) (8,819) (18,875) (17,957) Total stock-based compensation recorded to net income attributable to common stockholders $ 34,309 $ 31,242 $ 70,962 $ 63,164

OTHER INCOME, NET (Tables)

OTHER INCOME, NET (Tables)	6 Months Ended
	Jun. 30, 2023
Other Income and Expenses [Abstract]
Schedule of Other Income, Net	Other income, net for the three and six months ended June 30, 2023 and 2022 consisted of the following (in thousands): Three Months Ended Six Months Ended 2023 2022 2023 2022 Interest income, net $ 4,656 $ 529 $ 8,663 $ 551 Transaction gain (loss) on foreign exchange, net 101 (94) 31 (23) Other non-operating income, net 1,141 892 2,416 1,728 Other income, net $ 5,898 $ 1,327 $ 11,110 $ 2,256

NET INCOME PER SHARE ATTRIBUT_2

NET INCOME PER SHARE ATTRIBUTABLE TO COMMON STOCKHOLDERS (Tables)	6 Months Ended
	Jun. 30, 2023
Earnings Per Share [Abstract]
Schedule of Calculation of Basic and Diluted Net Loss Per Share	The following tables present the calculation of basic and diluted net income per share attributable to common stockholders for the periods presented (in thousands, except per share data): Three Months Ended Six Months Ended 2023 2022 2023 2022 Basic net income per share: Net income attributable to common stockholders $ 14,729 $ 8,009 $ 13,551 $ 7,094 Shares used in computation: Weighted-average common shares outstanding 69,256 71,217 69,537 71,427 Basic net income per share attributable to common stockholders: $ 0.21 $ 0.11 $ 0.19 $ 0.10 Three Months Ended Six Months Ended 2023 2022 2023 2022 Diluted net income per share: Net income attributable to common stockholders $ 14,729 $ 8,009 $ 13,551 $ 7,094 Shares used in computation: Weighted-average common shares outstanding 69,256 71,217 69,537 71,427 Stock options 189 445 194 505 RSUs 1,783 1,163 1,909 1,635 ESPP 10 10 5 5 Number of shares used in diluted calculation 71,238 72,835 71,645 73,572 Diluted net income per share attributable to common stockholders: $ 0.21 $ 0.11 $ 0.19 $ 0.10
Schedule of Anti-dilutive Securities	The following stock-based instruments were excluded from the calculation of diluted net income per share attributable to common stockholders because their effect would have been anti-dilutive for the periods presented (in thousands): Three Months Ended Six Months Ended 2023 2022 2023 2022 Stock options 2,140 2,444 2,230 2,447 RSUs 4,764 7,958 4,147 6,734

INFORMATION ABOUT REVENUE AND_2

INFORMATION ABOUT REVENUE AND GEOGRAPHIC AREAS (Tables)	6 Months Ended
	Jun. 30, 2023
Segment Reporting [Abstract]
Schedule of Revenue by Product Line	The following table presents the Company’s net revenue by major product line (and by category for advertising revenue) for the periods presented (in thousands): Three Months Ended Six Months Ended 2023 2022 2023 2022 Net revenue by product: Advertising revenue by category: Services $ 200,274 $ 174,298 $ 383,794 $ 334,561 Restaurants, Retail & Other 121,698 109,220 235,321 212,194 Advertising 321,972 283,518 619,115 546,755 Transactions 3,380 3,940 6,936 7,120 Other 11,774 11,426 23,513 21,637 Total net revenue $ 337,126 $ 298,884 $ 649,564 $ 575,512
Schedule of Net Revenue by Geographic Region	The following table presents the Company’s net revenue by major geographic region for the periods presented (in thousands): Three Months Ended Six Months Ended 2023 2022 2023 2022 United States $ 334,713 $ 296,876 $ 644,935 $ 571,520 All other countries 2,413 2,008 4,629 3,992 Total net revenue $ 337,126 $ 298,884 $ 649,564 $ 575,512
Schedule of Long-Lived Assets by Geographic Location	The following table presents the Company’s long-lived assets by major geographic region as of June 30, 2023 and December 31, 2022 (in thousands): June 30, December 31, United States $ 68,638 $ 72,325 All other countries 6,950 4,899 Total long-lived assets $ 75,588 $ 77,224

CASH, CASH EQUIVALENTS AND RE_3

CASH, CASH EQUIVALENTS AND RESTRICTED CASH (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022	Jun. 30, 2022	Dec. 31, 2021
Cash and Cash Equivalents [Abstract]
Cash	$ 70,708	$ 56,304
Cash equivalents	199,548	250,075
Total cash and cash equivalents	270,256	306,379
Restricted cash	518	759
Total cash, cash equivalents and restricted cash	$ 270,774	$ 307,138	$ 422,214	$ 480,641

MARKETABLE SECURITIES (Schedule

MARKETABLE SECURITIES (Schedule of the Fair Value to Amortized Cost Basis of Securities Available-for-Sale) (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Debt Securities, Available-for-Sale [Line Items]
Amortized Cost		$ 97,419
Gross Unrealized Gains		11
Gross Unrealized Losses		(662)
Fair Value	$ 126,909	96,768
Cash equivalents:
Debt Securities, Available-for-Sale [Line Items]
Amortized Cost		2,524
Gross Unrealized Gains		0
Gross Unrealized Losses		0
Fair Value		2,524
Cash equivalents: | Commercial paper
Debt Securities, Available-for-Sale [Line Items]
Amortized Cost		2,524
Gross Unrealized Gains		0
Gross Unrealized Losses		0
Fair Value		2,524
Short-term marketable securities:
Debt Securities, Available-for-Sale [Line Items]
Amortized Cost	127,922	94,895
Gross Unrealized Gains	20	11
Gross Unrealized Losses	(1,033)	(662)
Fair Value	126,909	94,244
Short-term marketable securities: | Certificates of deposit
Debt Securities, Available-for-Sale [Line Items]
Amortized Cost	7,688	10,651
Gross Unrealized Gains	0	0
Gross Unrealized Losses	0	0
Fair Value	7,688	10,651
Short-term marketable securities: | Commercial paper
Debt Securities, Available-for-Sale [Line Items]
Amortized Cost	4,567	13,054
Gross Unrealized Gains	0	0
Gross Unrealized Losses	0	0
Fair Value	4,567	13,054
Short-term marketable securities: | Corporate bonds
Debt Securities, Available-for-Sale [Line Items]
Amortized Cost	25,422	32,701
Gross Unrealized Gains	11	3
Gross Unrealized Losses	(279)	(353)
Fair Value	25,154	32,351
Short-term marketable securities: | Agency bonds
Debt Securities, Available-for-Sale [Line Items]
Amortized Cost	20,820	3,010
Gross Unrealized Gains	2	0
Gross Unrealized Losses	(62)	(11)
Fair Value	20,760	2,999
Short-term marketable securities: | U.S. government bonds
Debt Securities, Available-for-Sale [Line Items]
Amortized Cost	69,425	35,479
Gross Unrealized Gains	7	8
Gross Unrealized Losses	(692)	(298)
Fair Value	$ 68,740	$ 35,189

MARKETABLE SECURITIES (Schedu_2

MARKETABLE SECURITIES (Schedule of Securities in an Unrealized Loss Position) (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Fair Value
Less Than 12 Months	$ 100,624	$ 59,795
12 Months or Greater	0	0
Total	100,624	59,795
Unrealized Loss
Less Than 12 Months	(1,033)	(662)
12 Months or Greater	0	0
Total	(1,033)	(662)
Corporate bonds
Fair Value
Less Than 12 Months	21,595	29,428
12 Months or Greater	0	0
Total	21,595	29,428
Unrealized Loss
Less Than 12 Months	(279)	(353)
12 Months or Greater	0	0
Total	(279)	(353)
Agency bonds
Fair Value
Less Than 12 Months	14,275	2,999
12 Months or Greater	0	0
Total	14,275	2,999
Unrealized Loss
Less Than 12 Months	(62)	(11)
12 Months or Greater	0	0
Total	(62)	(11)
U.S. government bonds
Fair Value
Less Than 12 Months	64,754	27,368
12 Months or Greater	0	0
Total	64,754	27,368
Unrealized Loss
Less Than 12 Months	(692)	(298)
12 Months or Greater	0	0
Total	$ (692)	$ (298)

MARKETABLE SECURITIES (Marketab

MARKETABLE SECURITIES (Marketable Securities) (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Amortized Cost
Due in one year or less	$ 72,972
Due in one to five years	54,950
Total	127,922
Fair Value
Due in one year or less	72,468
Due in one to five years	54,441
Total	$ 126,909	$ 96,768

FAIR VALUE MEASUREMENTS (Detail

FAIR VALUE MEASUREMENTS (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Marketable securities:	$ 126,909	$ 96,768
Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total cash equivalents, marketable securities and other investments	311,087	354,319
Recurring | Certificates of deposit
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Marketable securities:	7,688	10,651
Other investments:	10,000	10,000
Recurring | Commercial paper
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Marketable securities:	4,567	13,054
Recurring | Corporate bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Marketable securities:	25,154	32,351
Recurring | Agency bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Marketable securities:	20,760	2,999
Recurring | U.S. government bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Marketable securities:	68,740	35,189
Recurring | Money market funds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents:	174,178	247,551
Recurring | Commercial paper
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents:	0	2,524
Recurring | Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total cash equivalents, marketable securities and other investments	174,178	247,551
Recurring | Level 1 | Certificates of deposit
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Marketable securities:	0	0
Other investments:	0	0
Recurring | Level 1 | Commercial paper
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Marketable securities:	0	0
Recurring | Level 1 | Corporate bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Marketable securities:	0	0
Recurring | Level 1 | Agency bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Marketable securities:	0	0
Recurring | Level 1 | U.S. government bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Marketable securities:	0	0
Recurring | Level 1 | Money market funds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents:	174,178	247,551
Recurring | Level 1 | Commercial paper
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents:	0	0
Recurring | Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total cash equivalents, marketable securities and other investments	136,909	106,768
Recurring | Level 2 | Certificates of deposit
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Marketable securities:	7,688	10,651
Other investments:	10,000	10,000
Recurring | Level 2 | Commercial paper
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Marketable securities:	4,567	13,054
Recurring | Level 2 | Corporate bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Marketable securities:	25,154	32,351
Recurring | Level 2 | Agency bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Marketable securities:	20,760	2,999
Recurring | Level 2 | U.S. government bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Marketable securities:	68,740	35,189
Recurring | Level 2 | Money market funds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents:	0	0
Recurring | Level 2 | Commercial paper
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents:	0	2,524
Recurring | Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total cash equivalents, marketable securities and other investments	0	0
Recurring | Level 3 | Certificates of deposit
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Marketable securities:	0	0
Other investments:	0	0
Recurring | Level 3 | Commercial paper
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Marketable securities:	0	0
Recurring | Level 3 | Corporate bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Marketable securities:	0	0
Recurring | Level 3 | Agency bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Marketable securities:	0	0
Recurring | Level 3 | U.S. government bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Marketable securities:	0	0
Recurring | Level 3 | Money market funds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents:	0	0
Recurring | Level 3 | Commercial paper
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents:	$ 0	$ 0

PREPAID EXPENSES AND OTHER CU_3

PREPAID EXPENSES AND OTHER CURRENT ASSETS (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Prepaid expenses	$ 14,976	$ 14,632
Certificates of deposit	10,000	10,000
Non-trade receivables	4,382	31,338
Other current assets	9,332	7,497
Total prepaid expenses and other current assets	$ 38,690	$ 63,467

PROPERTY, EQUIPMENT AND SOFTW_2

PROPERTY, EQUIPMENT AND SOFTWARE, NET (Schedule of Property, Equipment and Software) (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2023	Dec. 31, 2022
Property, Plant and Equipment [Line Items]
Property, equipment and software, gross	$ 367,157	$ 359,224
Less accumulated depreciation and amortization	(291,569)	(282,000)
Property, equipment and software, net	75,588	77,224
Impairment of leasehold	1,000
Capitalized website and internal-use software development costs
Property, Plant and Equipment [Line Items]
Property, equipment and software, gross	245,129	229,638
Leasehold improvements
Property, Plant and Equipment [Line Items]
Property, equipment and software, gross	57,917	60,407
Computer equipment
Property, Plant and Equipment [Line Items]
Property, equipment and software, gross	48,426	50,920
Furniture and fixtures
Property, Plant and Equipment [Line Items]
Property, equipment and software, gross	10,401	11,627
Telecommunication
Property, Plant and Equipment [Line Items]
Property, equipment and software, gross	4,171	4,930
Software
Property, Plant and Equipment [Line Items]
Property, equipment and software, gross	$ 1,113	$ 1,702

PROPERTY, EQUIPMENT, AND SOFT_2

PROPERTY, EQUIPMENT, AND SOFTWARE, NET (Narrative) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Property, Plant and Equipment [Line Items]
Depreciation and amortization	$ 10,615	$ 11,258	$ 21,420	$ 22,748
Property Equipment And Software
Property, Plant and Equipment [Line Items]
Depreciation and amortization	$ 10,200	$ 11,000	$ 20,700	$ 21,800

GOODWILL AND INTANGIBLE ASSET_2

GOODWILL AND INTANGIBLE ASSETS (Schedule of Goodwill) (Details) $ in Thousands	6 Months Ended
	Jun. 30, 2023 USD ($)
Goodwill [Roll Forward]
Beginning balance	$ 102,328
Effect of currency translation	932
Ending balance	$ 103,260

GOODWILL AND INTANGIBLE ASSET_3

GOODWILL AND INTANGIBLE ASSETS (Schedule of Intangible Assets) (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 18,916	$ 18,916
Accumulated Amortization	(10,601)	(9,919)
Total amortization	8,315	8,997
Business relationships
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	9,918	9,918
Accumulated Amortization	(5,904)	(5,550)
Total amortization	$ 4,014	$ 4,368
Weighted Average Remaining Life	5 years 8 months 12 days	6 years 2 months 12 days
Licensing agreements
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 6,129	$ 6,129
Accumulated Amortization	(1,828)	(1,505)
Total amortization	$ 4,301	$ 4,624
Weighted Average Remaining Life	6 years 8 months 12 days	7 years 2 months 12 days
Domains and data licenses
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 2,869	$ 2,869
Accumulated Amortization	(2,869)	(2,864)
Total amortization	$ 0	$ 5
Weighted Average Remaining Life	0 years	6 months

GOODWILL AND INTANGIBLE ASSET_4

GOODWILL AND INTANGIBLE ASSETS (Narrative) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Amortization expense	$ 0.4	$ 0.3	$ 0.7	$ 1

GOODWILL AND INTANGIBLE ASSET_5

GOODWILL AND INTANGIBLE ASSETS (Schedule of Future Amortization Expense) (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Year Ending December 31,
Remainder of 2023	$ 677
2024	1,353
2025	1,353
2026	1,353
2027	1,353
2028	1,353
Thereafter	873
Total amortization	$ 8,315	$ 8,997

LEASES (Lease Cost) (Details)

LEASES (Lease Cost) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Leases [Abstract]
Operating lease cost	$ 9,222	$ 10,499	$ 18,753	$ 21,166
Short-term lease cost (12 months or less)	98	270	203	524
Sublease income	(3,403)	(2,777)	(6,794)	(5,555)
Total lease cost, net	$ 5,917	$ 7,992	$ 12,162	$ 16,135

LEASES (Supplemental Cash Flow

LEASES (Supplemental Cash Flow Information) (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$ 24,065	$ 25,511

LEASES (Operating Lease Maturit

LEASES (Operating Lease Maturities) (Details) $ in Thousands	Jun. 30, 2023 USD ($)
Leases [Abstract]
Remainder of 2023	$ 21,368
2024	42,715
2025	22,176
2026	7,239
2027	6,426
2028	6,565
Thereafter	9,726
Total minimum lease payments	116,215
Less imputed interest	(10,192)
Present value of lease liabilities	$ 106,023

LEASES (Weighted-Average Remain

LEASES (Weighted-Average Remaining Lease Terms) (Details)	Jun. 30, 2023	Dec. 31, 2022
Leases [Abstract]
Weighted-average remaining lease term (years) — operating leases	3 years 10 months 24 days	4 years 1 month 6 days
Weighted-average discount rate — operating leases	5.20%	5.30%

LEASES (Narrative) (Details)

LEASES (Narrative) (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
Leases [Abstract]
Asset impairment	$ 3,555	$ 0
Reduction to Right-of-use assets	2,600
Reduction to leasehold improvements	$ 1,000

OTHER NON-CURRENT ASSETS (Detai

OTHER NON-CURRENT ASSETS (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Other Assets, Noncurrent Disclosure [Abstract]
Deferred tax assets	$ 139,651	$ 97,426
Deferred contract costs	27,028	25,946
Other non-current assets	12,345	10,617
Total other non-current assets	$ 179,024	$ 133,989

CONTRACT BALANCES (Schedule of

CONTRACT BALANCES (Schedule of Changes in Allowance for Doubtful Accounts) (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
Accounts Receivable, Allowance for Doubtful Accounts [Roll Forward]
Balance, beginning of period	$ 9,277	$ 7,153
Add: provision for doubtful accounts	14,636	12,676
Less: write-offs, net of recoveries	(15,751)	(11,143)
Balance, end of period	$ 8,162	$ 8,686

CONTRACT BALANCES (Changes in D

CONTRACT BALANCES (Changes in Deferred Revenue) (Details) $ in Thousands	6 Months Ended
	Jun. 30, 2023 USD ($)
Change in Contract with Customer, Liability [Roll Forward]
Balance, beginning of period	$ 5,200
Less: recognition of deferred revenue from beginning balance	(4,310)
Add: net increase in current period contract liabilities	4,524
Balance, end of period	$ 5,414

CONTRACT BALANCES (Narrative) (

CONTRACT BALANCES (Narrative) (Details) - USD ($)	Jun. 30, 2023	Dec. 31, 2022
Revenue from Contract with Customer [Abstract]
Contract asset	$ 0	$ 0
Contract liability	$ 0	$ 0

ACCOUNTS PAYABLE AND ACCRUED _3

ACCOUNTS PAYABLE AND ACCRUED LIABILITIES (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Payables and Accruals [Abstract]
Accounts payable	$ 11,981	$ 14,525
Employee-related liabilities	72,622	66,929
Taxes payable	46,233	6,218
Accrued legal settlements	15,000	26,250
Other accrued liabilities	26,035	24,028
Total accounts payable and accrued liabilities	$ 171,871	$ 137,950

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Legal Proceedings) (Details) - USD ($) $ in Thousands			6 Months Ended
	Jul. 17, 2023	Aug. 26, 2022	Jun. 30, 2023	Dec. 31, 2022	Dec. 31, 2021	Dec. 03, 2021
Loss Contingencies [Line Items]
Accrued legal settlements			$ 15,000	$ 26,250
Securities Class Action and Derivative Action
Loss Contingencies [Line Items]
Estimate of loss contingencies						$ 22,250
Proceeds from insurance settlement		$ 18,000
Payments for legal settlements		$ 3,750
Anticipated receivable from insurance company related to pending litigation				22,250	$ 26,000
Accrued legal settlements				22,250
Securities Class Action and Derivative Action | Anticipated
Loss Contingencies [Line Items]
Accrued legal settlements					$ 26,000
CIPA Action | Pending Litigation
Loss Contingencies [Line Items]
Estimate of loss contingencies			15,000
Proceeds from insurance settlement			3,300
Loss contingency accrual			15,000	$ 4,000
Loss contingency accrual, period increase (decrease)			$ 11,000
CIPA Action | Pending Litigation | Subsequent Event
Loss Contingencies [Line Items]
Amount awarded to other party	$ 15,000

COMMITMENTS AND CONTINGENCIES_2

COMMITMENTS AND CONTINGENCIES (Revolving Credit Facility) (Details)	Apr. 28, 2023 USD ($)	Jun. 30, 2023 USD ($)	May 05, 2020 USD ($)
Minimum
Line of Credit Facility [Line Items]
Commitment fee percentage (in percent)	0.20%
Maximum
Line of Credit Facility [Line Items]
Commitment fee percentage (in percent)	0.25%
Revolving Credit Facility
Line of Credit Facility [Line Items]
Line of credit facility term	5 years
Line of credit facility, maximum borrowing capacity	$ 125,000,000		$ 75,000,000
Letters of credit outstanding		$ 17,000,000
Long-term line of credit		$ 0
Revolving Credit Facility | Minimum
Line of Credit Facility [Line Items]
Debt instrument, covenant, leverage ratio		3
Revolving Credit Facility | Maximum
Line of Credit Facility [Line Items]
Debt instrument, covenant, leverage ratio		3.75
Revolving Credit Facility | SOFR
Line of Credit Facility [Line Items]
Basis spread	0.10%
Revolving Credit Facility | SOFR | Minimum
Line of Credit Facility [Line Items]
Margin	1.25%
Revolving Credit Facility | SOFR | Maximum
Line of Credit Facility [Line Items]
Margin	1.50%
Revolving Credit Facility | Base Rate | Minimum
Line of Credit Facility [Line Items]
Basis spread	0.25%
Revolving Credit Facility | Base Rate | Maximum
Line of Credit Facility [Line Items]
Basis spread	0.50%
Revolving Credit Facility | Subject to Certain Conditions
Line of Credit Facility [Line Items]
Line of credit facility, additional increase in maximum borrowing capacity	$ 250,000,000
Revolving Credit Facility | For a Certain Period Following Significant Acquisitions | Maximum
Line of Credit Facility [Line Items]
Debt instrument, covenant, leverage ratio		4.25
Letter of Credit
Line of Credit Facility [Line Items]
Line of credit facility, maximum borrowing capacity	$ 25,000,000
Letter of Credit | Minimum
Line of Credit Facility [Line Items]
Commitment fee percentage (in percent)	1.25%
Letter of Credit | Maximum
Line of Credit Facility [Line Items]
Commitment fee percentage (in percent)	1.50%
Bilateral Letter of Credit
Line of Credit Facility [Line Items]
Line of credit facility, maximum borrowing capacity	$ 25,000,000

STOCKHOLDERS' EQUITY (Schedule

STOCKHOLDERS' EQUITY (Schedule of Stock by Class) (Details) - $ / shares	Jun. 30, 2023	Dec. 31, 2022
Stockholders’ equity:
Common stock, shares authorized (in shares)	200,000,000	200,000,000
Common stock, shares issued (in shares)	69,287,000	69,797,000
Undesignated preferred stock, shares authorized (in shares)	10,000,000	10,000,000
Undesignated preferred stock, shares issued (in shares)	0	0
Common stock, par value (in USD per share)	$ 0.000001	$ 0.000001

STOCKHOLDERS' EQUITY (Narrative

STOCKHOLDERS' EQUITY (Narrative) (Details)	3 Months Ended		6 Months Ended
	Jun. 30, 2023 USD ($) $ / shares shares	Jun. 30, 2022 USD ($) $ / shares shares	Jun. 30, 2023 USD ($) numberOfSchedule $ / shares shares	Jun. 30, 2022 USD ($) $ / shares shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Repurchase of common stock			$ 100,000,000	$ 100,006,000
Treasury stock (in shares) | shares	0	106,898	0	106,898
Shares retired (in shares) | shares				2,932,305
Number of vesting schedules | numberOfSchedule			2
Fair value as of vest date of RSUs			$ 91,200,000	$ 81,400,000
Stock-based compensation	$ 43,580,000	$ 40,061,000	89,837,000	81,121,000
Capitalized stock-based compensation expense	2,400,000	2,300,000	$ 5,300,000	4,800,000
Stock options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of vesting schedules | numberOfSchedule			2
Exercisable period			10 years
Intrinsic value of options exercised	100,000	$ 600,000	$ 5,500,000	$ 900,000
Granted (in shares) | shares			0
Weighted average grant date fair value (in USD per share) | $ / shares		$ 16.07		$ 16.07
Unrecognized compensation costs	1,000,000		$ 1,000,000
Unrecognized compensation costs, period for recognition			1 year 8 months 12 days
Stock options | End of year one
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting rate			25%
Stock options | Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period			4 years
RSUs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period			4 years
Unrecognized compensation costs	$ 377,000,000		$ 377,000,000
Unrecognized compensation costs, period for recognition			2 years 7 months 6 days
RSUs | End of year one
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting rate			25%
Performance Shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period			4 years
Performance Shares | Total Shareholder Return
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period			3 years
Performance Shares | Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Target vesting range	0%		0%
Performance Shares | Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Target vesting range	200%		200%
ESPP
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Subscription rate of eligible compensation	15%		15%
Purchase price, percentage of fair market value			85%
Number of shares purchased (in shares) | shares	379,656	364,436	380,332	364,436
Stock-based compensation	$ 900,000	$ 700,000	$ 1,800,000	$ 1,500,000
Weighted-average purchase price (in USD per share) | $ / shares		$ 25		$ 25
Weighted-average purchase price (in USD per share) | $ / shares	$ 28.70		$ 28.69
July 2017 Share Repurchase Program
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock repurchase program, authorized amount	$ 1,450,000,000		$ 1,450,000,000
Remaining authorized repurchase amount	$ 181,700,000		$ 181,700,000
Stock repurchased and retired (in shares) | shares			3,264,260
Repurchase of common stock			$ 100,000,000	$ 100,000,000
Shares repurchased (in shares) | shares				3,039,203

STOCKHOLDERS' EQUITY (Schedul_2

STOCKHOLDERS' EQUITY (Schedule of Stock Option Activity) (Details) $ / shares in Units, shares in Thousands, $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2023 USD ($) $ / shares shares	Dec. 31, 2022 USD ($) $ / shares shares
Number of Shares
Outstanding, beginning balance (in shares) | shares	3,543
Exercised (in shares) | shares	(716)
Canceled (in shares) | shares	(83)
Outstanding, ending balance (in shares) | shares	2,744	3,543
Options vested and exercisable (in shares) | shares	2,681
Weighted-Average Exercise Price
Outstanding, beginning balance (in USD per share) | $ / shares	$ 32.81
Exercised (in USD per share) | $ / shares	21.73
Canceled (in USD per share) | $ / shares	34.56
Outstanding, ending balance (in USD per share) | $ / shares	35.64	$ 32.81
Options vested and exercisable (in USD per share) | $ / shares	$ 35.66
Weighted- Average Remaining Contractual Term
Outstanding (in years)	4 years	3 years 7 months 6 days
Options vested and exercisable (in years)	3 years 10 months 24 days
Aggregate Intrinsic Value
Outstanding | $	$ 10,671	$ 7,507
Options vested and exercisable | $	$ 10,480

STOCKHOLDERS' EQUITY (Schedul_3

STOCKHOLDERS' EQUITY (Schedule of Restricted Stock Units Activity) (Details)	6 Months Ended
	Jun. 30, 2023 $ / shares shares
RSUs
Number of Shares
Nonvested, beginning balance (in shares)	9,962,000
Granted (in shares)	6,207,000
Vested (in shares)	(2,873,000)
Canceled (in shares)	(718,000)
Nonvested, ending balance (in shares)	12,578,000
Weighted-Average Grant Date Fair Value
Nonvested, beginning balance (in USD per share) | $ / shares	$ 33.48
Granted (in USD per share) | $ / shares	29.42
Released (in USD per share) | $ / shares	31.61
Canceled (in USD per share) | $ / shares	32.01
Nonvested, ending balance (in USD per share) | $ / shares	$ 31.99
Shares withheld for taxes (in shares)	1,211,815
Performance Shares
Number of Shares
Nonvested, ending balance (in shares)	880,856

STOCKHOLDERS' EQUITY (Schedul_4

STOCKHOLDERS' EQUITY (Schedule of Stock-Based Compensation Expense) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Total stock-based compensation recorded to income before income taxes	$ 43,580	$ 40,061	$ 89,837	$ 81,121
Benefit from income taxes	(9,271)	(8,819)	(18,875)	(17,957)
Total stock-based compensation recorded to net income attributable to common stockholders	34,309	31,242	70,962	63,164
Cost of revenue
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Total stock-based compensation recorded to income before income taxes	1,346	1,248	2,728	2,553
Sales and marketing
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Total stock-based compensation recorded to income before income taxes	8,607	8,200	17,721	16,855
Product development
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Total stock-based compensation recorded to income before income taxes	24,974	22,304	50,841	45,429
General and administrative
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Total stock-based compensation recorded to income before income taxes	$ 8,653	$ 8,309	$ 18,547	$ 16,284

OTHER INCOME, NET (Details)

OTHER INCOME, NET (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Other Income and Expenses [Abstract]
Interest income, net	$ 4,656	$ 529	$ 8,663	$ 551
Transaction gain (loss) on foreign exchange, net	101	(94)	31	(23)
Other non-operating income, net	1,141	892	2,416	1,728
Other income, net	$ 5,898	$ 1,327	$ 11,110	$ 2,256

INCOME TAXES (Details)

INCOME TAXES (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Income Tax Disclosure [Abstract]
Income tax expense (benefit)	$ 9,911,000	$ 9,319,000	$ 9,714,000	$ 6,707,000
Income tax expense (benefit) due to U.S. federal and state income taxes and foreign income taxes			12,500,000	6,800,000
Net discrete tax benefit			2,800,000	$ 100,000
Unrecognized tax benefits	63,900,000		63,900,000
Unrecognized tax benefits that would not impact the effective tax rate	30,300,000		30,300,000
Earnings of foreign subsidiaries to be reinvested indefinitely	21,100,000		21,100,000
Decrease in unrecognized tax benefits is reasonably possible	$ 0		$ 0

NET INCOME PER SHARE ATTRIBUT_3

NET INCOME PER SHARE ATTRIBUTABLE TO COMMON STOCKHOLDERS (Schedule of Basic and Diluted Net Loss Per Share) (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Basic net income per share:
Net income attributable to common stockholders	$ 14,729	$ 8,009	$ 13,551	$ 7,094
Weighted-average common shares outstanding (in shares)	69,256	71,217	69,537	71,427
Basic net income per share attributable to common stockholders (in USD per share)	$ 0.21	$ 0.11	$ 0.19	$ 0.10
Diluted net income per share:
Net income attributable to common stockholders	$ 14,729	$ 8,009	$ 13,551	$ 7,094
Weighted-average common shares outstanding (in shares)	69,256	71,217	69,537	71,427
Number of shares used in diluted calculation (in shares)	71,238	72,835	71,645	73,572
Diluted net income per share attributable to common stockholders (in USD per share)	$ 0.21	$ 0.11	$ 0.19	$ 0.10
Stock options
Diluted net income per share:
Incremental common shares (in shares)	189	445	194	505
RSUs
Diluted net income per share:
Incremental common shares (in shares)	1,783	1,163	1,909	1,635
ESPP
Diluted net income per share:
Incremental common shares (in shares)	10	10	5	5

NET INCOME PER SHARE ATTRIBUT_4

NET INCOME PER SHARE ATTRIBUTABLE TO COMMON STOCKHOLDERS (Schedule of Anti-Dilutive Employee Stock Awards) (Details) - shares shares in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Stock options
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Anti-dilutive awards (in shares)	2,140	2,444	2,230	2,447
RSUs
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Anti-dilutive awards (in shares)	4,764	7,958	4,147	6,734

INFORMATION ABOUT REVENUE AND_3

INFORMATION ABOUT REVENUE AND GEOGRAPHIC AREAS (Net Revenue) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Revenues from External Customers and Long-Lived Assets [Line Items]
Total net revenue	$ 337,126	$ 298,884	$ 649,564	$ 575,512
United States
Revenues from External Customers and Long-Lived Assets [Line Items]
Total net revenue	334,713	296,876	644,935	571,520
All other countries
Revenues from External Customers and Long-Lived Assets [Line Items]
Total net revenue	2,413	2,008	4,629	3,992
Advertising
Revenues from External Customers and Long-Lived Assets [Line Items]
Total net revenue	321,972	283,518	619,115	546,755
Services
Revenues from External Customers and Long-Lived Assets [Line Items]
Total net revenue	200,274	174,298	383,794	334,561
Restaurants, Retail & Other
Revenues from External Customers and Long-Lived Assets [Line Items]
Total net revenue	121,698	109,220	235,321	212,194
Transactions
Revenues from External Customers and Long-Lived Assets [Line Items]
Total net revenue	3,380	3,940	6,936	7,120
Other
Revenues from External Customers and Long-Lived Assets [Line Items]
Total net revenue	$ 11,774	$ 11,426	$ 23,513	$ 21,637

INFORMATION ABOUT REVENUE AND_4

INFORMATION ABOUT REVENUE AND GEOGRAPHIC AREAS (Long-Lived Assets) (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Revenues from External Customers and Long-Lived Assets [Line Items]
Total long-lived assets	$ 75,588	$ 77,224
United States
Revenues from External Customers and Long-Lived Assets [Line Items]
Total long-lived assets	68,638	72,325
All other countries
Revenues from External Customers and Long-Lived Assets [Line Items]
Total long-lived assets	$ 6,950	$ 4,899