Yelp (YELP) 10-Q 8 Nov 24 2024 Q3 Quarterly report Financial data

COVER PAGE

COVER PAGE - shares	9 Months Ended
	Sep. 30, 2024	Nov. 01, 2024
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Sep. 30, 2024
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		65,817,690
Amendment Flag	false
Entity Central Index Key	0001345016
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	Q3

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Current assets:
Cash and cash equivalents	$ 261,588	$ 313,911
Short-term marketable securities	135,426	127,485
Accounts receivable (net of allowance for doubtful accounts of $16,373 and $13,768 at September 30, 2024 and December 31, 2023, respectively)	155,131	146,147
Prepaid expenses and other current assets	38,083	36,673
Total current assets	590,228	624,216
Property, equipment and software, net	73,991	68,684
Operating lease right-of-use assets	28,380	48,573
Goodwill	104,433	103,886
Intangibles, net	6,638	7,638
Other non-current assets	176,538	161,726
Total assets	980,208	1,014,723
Current liabilities:
Accounts payable and accrued liabilities	134,746	132,809
Operating lease liabilities — current	28,022	39,234
Deferred revenue	7,601	3,821
Total current liabilities	170,369	175,864
Operating lease liabilities — long-term	25,905	48,065
Other long-term liabilities	44,394	41,260
Total liabilities	240,668	265,189
Commitments and contingencies (Note 12)
Stockholders’ equity:
Common stock, $0.000001 par value — 200,000 shares authorized, 66,638 shares issued and outstanding at September 30, 2024, and 68,864 shares issued and outstanding at December 31, 2023	0	0
Additional paid-in capital	1,873,678	1,786,667
Treasury stock	(2,907)	(282)
Accumulated other comprehensive loss	(10,535)	(12,202)
Accumulated deficit	(1,120,696)	(1,024,649)
Total stockholders’ equity	739,540	749,534
Total liabilities and stockholders’ equity	$ 980,208	$ 1,014,723

CONDENSED CONSOLIDATED BALANC_2

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023	Sep. 30, 2023	Dec. 31, 2022
Statement of Financial Position [Abstract]
Allowance for doubtful accounts	$ 16,373	$ 13,768	$ 10,889	$ 9,277
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)	66,638,000	68,864,000
Common stock, shares outstanding (in shares)	66,638,000	68,864,000

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Income Statement [Abstract]
Net revenue	$ 360,344	$ 345,122	$ 1,050,112	$ 994,686
Costs and expenses:
Cost of revenue (exclusive of depreciation and amortization shown separately below)	32,382	28,370	90,414	84,613
Sales and marketing	144,631	137,703	442,715	424,308
Product development	77,748	81,020	251,055	254,247
General and administrative	49,605	45,695	139,471	145,609
Depreciation and amortization	9,326	10,461	28,841	31,881
Total costs and expenses	313,692	303,249	952,496	940,658
Income from operations	46,652	41,873	97,616	54,028
Other income, net	7,231	6,154	25,277	17,264
Income before income taxes	53,883	48,027	122,893	71,292
Provision for (benefit from) income taxes	15,443	(10,189)	32,263	(475)
Net income attributable to common stockholders	$ 38,440	$ 58,216	$ 90,630	$ 71,767
Net income per share attributable to common stockholders
Basic (in USD per share)	$ 0.57	$ 0.84	$ 1.34	$ 1.03
Diluted (in USD per share)	$ 0.56	$ 0.79	$ 1.27	$ 0.98
Weighted-average shares used to compute net income per share attributable to common stockholders
Basic (in shares)	67,219	69,030	67,862	69,366
Diluted (in shares)	69,163	73,566	71,109	72,920

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Statement of Comprehensive Income [Abstract]
Net income attributable to common stockholders	$ 38,440	$ 58,216	$ 90,630	$ 71,767
Other comprehensive income (loss):
Foreign currency translation adjustments, net of tax	2,905	(1,502)	1,223	429
Unrealized gain (loss) on available-for-sale debt securities, net of tax	694	100	444	(162)
Other comprehensive income (loss)	3,599	(1,402)	1,667	267
Comprehensive income	$ 42,039	$ 56,814	$ 92,297	$ 72,034

CONDENSED CONSOLIDATED STATEM_3

CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY - USD ($) shares in Thousands, $ in Thousands	Total	Common Stock	Additional Paid-In Capital	Treasury Stock	Accumulated Other Comprehensive Loss	Accumulated Deficit
Balance (in shares) at Dec. 31, 2022		69,797
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)		785
Issuance of common stock upon exercises of employee stock options	17,975		17,975
Issuance of common stock upon vesting of restricted stock units ("RSUs"), net (in shares)		2,479
Issuance of common stock upon vesting of restricted stock units (“RSUs”), net	0
Issuance of common stock for employee stock purchase plan (in shares)		382
Issuance of common stock for employee stock purchase plan	10,977		10,977
Stock-based compensation (inclusive of capitalized stock-based compensation)	139,988		139,988
Taxes withheld related to net share settlement of equity awards	(61,458)		(61,458)
Repurchases of common stock	(150,266)			(150,266)
Retirement of common stock (in shares)		(4,481)
Retirement of common stock	0			149,999		(149,999)
Other comprehensive (loss) income	267				267
Net income	71,767					71,767
Balance (in shares) at Sep. 30, 2023		68,962
Balance at end at Sep. 30, 2023	739,574	$ 0	1,757,174	(267)	(15,278)	(1,002,055)
Balance (in shares) at Jun. 30, 2023		69,287
Balance at beginning at Jun. 30, 2023	708,602	$ 0	1,732,909	(159)	(13,876)	(1,010,272)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of common stock upon exercises of employee stock options (in shares)		69
Issuance of common stock upon exercises of employee stock options	2,426		2,426
Issuance of common stock upon vesting of restricted stock units ("RSUs"), net (in shares)		821
Issuance of common stock upon vesting of restricted stock units (“RSUs”), net	0
Issuance of common stock for employee stock purchase plan (in shares)		2
Issuance of common stock for employee stock purchase plan	65		65
Stock-based compensation (inclusive of capitalized stock-based compensation)	44,826		44,826
Taxes withheld related to net share settlement of equity awards	(23,052)		(23,052)
Repurchases of common stock	(50,107)			(50,107)
Retirement of common stock (in shares)		(1,217)
Retirement of common stock	0			49,999		(49,999)
Other comprehensive (loss) income	(1,402)				(1,402)
Net income	58,216					58,216
Balance (in shares) at Sep. 30, 2023		68,962
Balance at end at Sep. 30, 2023	$ 739,574	$ 0	1,757,174	(267)	(15,278)	(1,002,055)
Balance (in shares) at Dec. 31, 2023	68,864	68,864
Balance at beginning at Dec. 31, 2023	$ 749,534	$ 0	1,786,667	(282)	(12,202)	(1,024,649)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of common stock upon exercises of employee stock options (in shares)	37	37
Issuance of common stock upon exercises of employee stock options	$ 1,244		1,244
Issuance of common stock upon vesting of restricted stock units ("RSUs"), net (in shares)		2,245
Issuance of common stock upon vesting of restricted stock units (“RSUs”), net	0
Issuance of common stock for employee stock purchase plan (in shares)		388
Issuance of common stock for employee stock purchase plan	12,192		12,192
Stock-based compensation (inclusive of capitalized stock-based compensation)	131,929		131,929
Taxes withheld related to net share settlement of equity awards	(58,354)		(58,354)
Repurchases of common stock	(189,302)			(189,302)
Retirement of common stock (in shares)		(4,896)
Retirement of common stock	0			186,677		(186,677)
Other comprehensive (loss) income	1,667				1,667
Net income	$ 90,630					90,630
Balance (in shares) at Sep. 30, 2024	66,638	66,638
Balance at end at Sep. 30, 2024	$ 739,540	$ 0	1,873,678	(2,907)	(10,535)	(1,120,696)
Balance (in shares) at Jun. 30, 2024		67,622
Balance at beginning at Jun. 30, 2024	735,347	$ 0	1,848,677	(806)	(14,134)	(1,098,390)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of common stock upon vesting of restricted stock units ("RSUs"), net (in shares)		714
Issuance of common stock upon vesting of restricted stock units (“RSUs”), net	0
Stock-based compensation (inclusive of capitalized stock-based compensation)	41,954		41,954
Taxes withheld related to net share settlement of equity awards	(16,953)		(16,953)
Repurchases of common stock	(62,847)			(62,847)
Retirement of common stock (in shares)		(1,698)
Retirement of common stock	0			60,746		(60,746)
Other comprehensive (loss) income	3,599				3,599
Net income	$ 38,440					38,440
Balance (in shares) at Sep. 30, 2024	66,638	66,638
Balance at end at Sep. 30, 2024	$ 739,540	$ 0	$ 1,873,678	$ (2,907)	$ (10,535)	$ (1,120,696)

CONDENSED CONSOLIDATED STATEM_4

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Operating Activities
Net income	$ 90,630	$ 71,767
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	28,841	31,881
Provision for doubtful accounts	35,111	26,664
Stock-based compensation	123,396	133,304
Amortization of right-of-use assets	11,363	22,848
Deferred income taxes	(17,408)	(8,845)
Amortization of deferred contract cost	18,604	17,818
Asset impairment	5,914	3,555
Other adjustments, net	(2,717)	(229)
Changes in operating assets and liabilities:
Accounts receivable	(44,095)	(54,395)
Prepaid expenses and other assets	(14,302)	3,101
Operating lease liabilities	(29,333)	(30,255)
Accounts payable, accrued liabilities and other liabilities	8,838	9,896
Net cash provided by operating activities	214,842	227,110
Investing Activities
Purchases of marketable securities — available-for-sale	(89,251)	(115,388)
Sales and maturities of marketable securities — available-for-sale	83,380	89,613
Purchases of other investments	(2,500)	0
Purchases of property, equipment and software	(26,337)	(20,850)
Other investing activities	268	160
Net cash used in investing activities	(34,440)	(46,465)
Financing Activities
Proceeds from issuance of common stock for employee stock-based plans	13,436	28,958
Taxes paid related to the net share settlement of equity awards	(58,044)	(61,142)
Repurchases of common stock	(188,399)	(149,999)
Payment of issuance costs for credit facility	0	(1,049)
Net cash used in financing activities	(233,007)	(183,232)
Effect of exchange rate changes on cash, cash equivalents and restricted cash	580	903
Change in cash, cash equivalents and restricted cash	(52,025)	(1,684)
Cash, cash equivalents and restricted cash — Beginning of period	314,002	307,138
Cash, cash equivalents and restricted cash — End of period	261,977	305,454
Supplemental Disclosures of Other Cash Flow Information
Cash paid for income taxes, net	35,731	8,800
Supplemental Disclosures of Noncash Investing and Financing Activities
Purchases of property, equipment and software recorded in accounts payable and accrued liabilities	2,593	1,064
Repurchases of common stock recorded in accounts payable and accrued liabilities	1,411	2,677
Excise tax accrued on net stock repurchases	$ 903	$ 267

DESCRIPTION OF BUSINESS AND BAS

DESCRIPTION OF BUSINESS AND BASIS FOR PRESENTATION	9 Months Ended
	Sep. 30, 2024
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, 2023 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. Certain prior-period amounts have been reclassified to conform to the current period presentation, including combining transactions revenue into other revenue. 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. Recent Accounting Pronouncements Not Yet Effective In November 2023, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update No. 2023-07, “Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures” (“ASU 2023-07”), which expands annual and interim disclosure requirements for reportable segments, primarily through enhanced disclosures about significant segment expenses. ASU 2023-07 will be effective for annual periods beginning after December 15, 2023 and interim periods beginning after December 15, 2024 and should be adopted retrospectively. The Company is currently evaluating the impact of ASU 2023-07 on its related disclosures. In December 2023, the FASB issued Accounting Standards Update No. 2023-09, “Income Taxes (Topic 740): Improvements to Income Tax Disclosures” (“ASU 2023-09”), which requires the disclosure of specific categories in the rate reconciliation and greater disaggregation for income taxes paid. ASU 2023-09 will be effective for annual periods beginning after December 15, 2024 and should be adopted prospectively with the option to be adopted retrospectively. The Company is currently evaluating the impact of ASU 2023-09 on its related disclosures. In November 2024, the FASB issued Accounting Standards Update No. 2024-03, “Income Statement — Reporting Comprehensive Income — Expense Disaggregation Disclosures (Subtopic 220-40): Disaggregation of Income Statement Expenses” (“ASU 2024-03”), which requires the disaggregation of certain expenses in the notes of the financials, to provide enhanced transparency into the expense captions presented on the face of the income statement. ASU 2024-03 will be effective for annual periods beginning after December 15, 2026 and interim periods beginning after December 15, 2027 and may be applied either prospectively or retrospectively. The Company is currently evaluating the impact of ASU 2024-03 on its related disclosures.

CASH, CASH EQUIVALENTS AND REST

CASH, CASH EQUIVALENTS AND RESTRICTED CASH	9 Months Ended
	Sep. 30, 2024
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 September 30, 2024 and December 31, 2023 consisted of the following (in thousands): September 30, December 31, Cash $ 104,011 $ 105,959 Cash equivalents 157,577 207,952 Total cash and cash equivalents 261,588 313,911 Restricted cash 389 91 Total cash, cash equivalents and restricted cash $ 261,977 $ 314,002 Restricted cash is included in other non-current assets on the Company’s condensed consolidated balance sheets.

MARKETABLE SECURITIES

MARKETABLE SECURITIES	9 Months Ended
	Sep. 30, 2024
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 September 30, 2024 and December 31, 2023 were as follows (in thousands): September 30, 2024 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value Cash equivalents: Commercial paper $ 776 $ — $ — $ 776 Total cash equivalents 776 — — 776 Short-term marketable securities: Certificates of deposit 1,282 — — 1,282 Commercial paper 10,083 — — 10,083 Corporate bonds 40,143 202 (7) 40,338 Agency bonds 3,218 2 — 3,220 U.S. government securities 80,104 421 (22) 80,503 Total short-term marketable securities 134,830 625 (29) 135,426 Total $ 135,606 $ 625 $ (29) $ 136,202 December 31, 2023 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value Cash equivalents: U.S. government securities $ 1,612 $ — $ — $ 1,612 Total cash equivalents 1,612 — — 1,612 Short-term marketable securities: Certificates of deposit 1,537 — — 1,537 Commercial paper 1,058 — — 1,058 Corporate bonds 19,833 16 (92) 19,757 Agency bonds 17,660 4 (17) 17,647 U.S. government securities 87,414 241 (169) 87,486 Total short-term marketable securities 127,502 261 (278) 127,485 Total $ 129,114 $ 261 $ (278) $ 129,097 The following tables present gross unrealized losses and fair values for those securities that were in an unrealized loss position as of September 30, 2024 and December 31, 2023, aggregated by investment category and the length of time that the individual securities had been in a continuous loss position (in thousands): September 30, 2024 Less Than 12 Months 12 Months or Greater Total Fair Value Unrealized Loss Fair Value Unrealized Loss Fair Value Unrealized Loss Corporate bonds $ 4,777 $ (6) $ 1,330 $ (1) $ 6,107 $ (7) U.S. government securities 3,294 (2) 18,513 (20) 21,807 (22) Total $ 8,071 $ (8) $ 19,843 $ (21) $ 27,914 $ (29) December 31, 2023 Less Than 12 Months 12 Months or Greater Total Fair Value Unrealized Loss Fair Value Unrealized Loss Fair Value Unrealized Loss Corporate bonds $ 2,130 $ (9) $ 12,104 $ (83) $ 14,234 $ (92) Agency bonds 14,409 (17) — — 14,409 (17) U.S. government securities 27,763 (135) 6,231 (34) 33,994 (169) Total $ 44,302 $ (161) $ 18,335 $ (117) $ 62,637 $ (278) For the nine months ended September 30, 2024 and 2023, 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 September 30, 2024 were as follows (in thousands): Amortized Cost Fair Value Due in one year or less $ 79,932 $ 80,138 Due in one to five years 55,674 56,064 Total $ 135,606 $ 136,202

FAIR VALUE MEASUREMENTS

FAIR VALUE MEASUREMENTS	9 Months Ended
	Sep. 30, 2024
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 securities 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 September 30, 2024 and December 31, 2023 (in thousands): September 30, 2024 December 31, 2023 Level 1 Level 2 Level 3 Total Level 1 Level 2 Level 3 Total Cash equivalents: Money market funds $ 129,653 $ — $ — $ 129,653 $ 180,270 $ — $ — $ 180,270 U.S. government securities — — — — — 1,612 — 1,612 Commercial paper — 776 — 776 — — — — Marketable securities: Certificates of deposit — 1,282 — 1,282 — 1,537 — 1,537 Commercial paper — 10,083 — 10,083 — 1,058 — 1,058 Corporate bonds — 40,338 — 40,338 — 19,757 — 19,757 Agency bonds — 3,220 — 3,220 — 17,647 — 17,647 U.S. government securities — 80,503 — 80,503 — 87,486 — 87,486 Other investments: Certificates of deposit — 10,000 — 10,000 — 7,500 — 7,500 Total cash equivalents, marketable securities and other investments $ 129,653 $ 146,202 $ — $ 275,855 $ 180,270 $ 136,597 $ — $ 316,867 The certificates of deposit that are categorized as other investments with original maturities of one year or less are reflected in prepaid expenses and other current assets on the condensed consolidated balance sheets. Those with original maturities of more than one year are reflected in other non-current assets. Certain long- and indefinite-lived assets are recognized at fair value on a nonrecurring basis, including assets that are written down as a result of an impairment. The Company recognized impairment charges related to right-of-use (“ROU”) assets and leasehold improvements associated with certain office space that it subleased or abandoned during the nine months ended September 30, 2024 and 2023. See Note 8, “ Leases ,” for further details. The Company estimated the fair value of these assets as of the impairment dates using an income approach based on discounted cash flows expected to be received for the subleased or abandoned properties. This valuation technique relied on certain assumptions made by management based on both internal and external data, such as the incremental borrowing rates used to discount these cash flows to their present values. As a result, these assets are classified within Level 3 of the fair value hierarchy.

PREPAID EXPENSES AND OTHER CURR

PREPAID EXPENSES AND OTHER CURRENT ASSETS	9 Months Ended
	Sep. 30, 2024
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 September 30, 2024 and December 31, 2023 consisted of the following (in thousands): September 30, December 31, Prepaid expenses $ 16,282 $ 14,922 Certificates of deposit 7,500 5,000 Other current assets 14,301 16,751 Total prepaid expenses and other current assets $ 38,083 $ 36,673

PROPERTY, EQUIPMENT AND SOFTWAR

PROPERTY, EQUIPMENT AND SOFTWARE, NET	9 Months Ended
	Sep. 30, 2024
Property, Plant and Equipment [Abstract]
PROPERTY, EQUIPMENT AND SOFTWARE, NET	PROPERTY, EQUIPMENT AND SOFTWARE, NET Property, equipment and software, net as of September 30, 2024 and December 31, 2023 consisted of the following (in thousands): September 30, December 31, Capitalized website and internal-use software development costs $ 289,146 $ 258,059 Leasehold improvements (1) 56,187 57,403 Computer equipment 28,796 50,014 Furniture and fixtures 9,018 10,336 Telecommunication 280 4,175 Software 1,105 1,113 Total 384,532 381,100 Less accumulated depreciation and amortization (1) (310,541) (312,416) Property, equipment and software, net $ 73,991 $ 68,684 (1) Leasehold improvements, net was reduced to reflect an impairment of $1.3 million recorded during the nine months ended September 30, 2024 as a result of the Company’s subleases of certain office space. For more information, see Note 8, “ Leases . ” Depreciation and amortization expense related to property, equipment and software was $9.0 million and $10.2 million for the three months ended September 30, 2024 and 2023, respectively, and $27.8 million and $30.9 million for the nine months ended September 30, 2024 and 2023, respectively.

GOODWILL AND INTANGIBLE ASSETS

GOODWILL AND INTANGIBLE ASSETS	9 Months Ended
	Sep. 30, 2024
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, 2024 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 September 30, 2024 or December 31, 2023 that would more likely than not reduce the fair value of goodwill below its carrying value. The change in the carrying amount of goodwill during the nine months ended September 30, 2024 was as follows (in thousands): Balance as of December 31, 2023 $ 103,886 Effect of currency translation 547 Balance as of September 30, 2024 $ 104,433 Intangible assets that were not fully amortized as of September 30, 2024 and December 31, 2023 consisted of the following (dollars in thousands): September 30, 2024 Gross Carrying Amount Accumulated Amortization Net Carrying Amount Weighted-Average Remaining Life Business relationships $ 9,918 $ (6,790) $ 3,128 4.4 years Licensing agreements 6,141 (2,646) 3,495 5.4 years Domain and data licenses 2,885 (2,870) 15 4.6 years Total $ 18,944 $ (12,306) $ 6,638 December 31, 2023 Gross Carrying Amount Accumulated Amortization Net Carrying Amount Weighted-Average Remaining Life Business relationships $ 9,918 $ (6,258) $ 3,660 5.2 years Licensing agreements 6,129 (2,151) 3,978 6.2 years Domain and data licenses 2,869 (2,869) — 0.0 years Total $ 18,916 $ (11,278) $ 7,638 Amortization expense related to intangible assets was $0.3 million for each of the three months ended September 30, 2024 and 2023, and $1.0 million for each of the nine months ended September 30, 2024 and 2023. As of September 30, 2024, estimated future amortization expense was as follows (in thousands): Remainder of 2024 $ 336 2025 1,357 2026 1,357 2027 1,357 2028 1,357 2029 764 Thereafter 110 Total amortization $ 6,638

LEASES

LEASES	9 Months Ended
	Sep. 30, 2024
Leases [Abstract]
LEASES	LEASES The components of lease cost, net for the three and nine months ended September 30, 2024 and 2023 were as follows (in thousands): Three Months Ended Nine Months Ended 2024 2023 2024 2023 Operating lease cost $ 4,537 $ 8,501 $ 14,225 $ 27,254 Short-term lease cost (12 months or less) 99 95 292 298 Sublease income (3,403) (3,403) (10,207) (10,197) Total lease cost, net $ 1,233 $ 5,193 $ 4,310 $ 17,355 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 nine months ended September 30, 2024 and 2023 was as follows (in thousands): Nine Months Ended 2024 2023 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 32,165 $ 34,723 As of September 30, 2024, maturities of lease liabilities were as follows (in thousands): Remainder of 2024 $ 10,593 2025 22,360 2026 7,426 2027 7,313 2028 6,005 2029 2,832 Thereafter 1,632 Total minimum lease payments 58,161 Less imputed interest (4,234) Present value of lease liabilities $ 53,927 As of September 30, 2024 and December 31, 2023, the weighted-average remaining lease term and weighted-average discount rate were as follows: September 30, December 31, Weighted-average remaining lease term (years) — operating leases 3.2 3.7 Weighted-average discount rate — operating leases 5.2 % 5.1 % During the nine months ended September 30, 2024, the Company determined that it was reasonably certain it would exercise the early termination option included in the lease for certain office space in San Francisco. As a result, the Company remeasured the associated lease liability and ROU asset in accordance with Accounting Standards Codification Topic 842 and reduced each by $4.6 million during the nine-month period. During the nine months ended September 30, 2024, the Company subleased certain office space in San Francisco and Toronto. During the nine months ended September 30, 2023, the Company abandoned certain office space in San Francisco. The Company evaluated the associated ROU assets and leasehold improvements for impairment as a result of the subleases and abandonment in accordance with Accounting Standards Codification Topic 360, “Property, Plant, and Equipment,” because the change in circumstances indicated that the carrying amount of such assets may not be recoverable. The Company compared the carrying value of the impacted assets to the fair value to determine the impairment amount and recognized an impairment charge of $5.9 million during the nine months ended September 30, 2024, which reduced the carrying amount of the ROU assets and leasehold improvements by $4.6 million and $1.3 million, respectively. The Company recognized an impairment charge of $3.6 million during the nine months ended September 30, 2023, which reduced the carrying amount of the ROU asset and leasehold improvements by $2.6 million and $1.0 million, respectively. The impairment charges are included in general and administrative expenses on the condensed consolidated statement of operations. For more information on the fair values of the ROU asset and leasehold improvements used in the impairment analysis, see Note 4, “ Fair Value Measurements .”

OTHER NON-CURRENT ASSETS

OTHER NON-CURRENT ASSETS	9 Months Ended
	Sep. 30, 2024
Other Assets, Noncurrent Disclosure [Abstract]
OTHER NON-CURRENT ASSETS	OTHER NON-CURRENT ASSETS Other non-current assets as of September 30, 2024 and December 31, 2023 consisted of the following (in thousands): September 30, December 31, Deferred tax assets $ 136,667 $ 119,449 Deferred contract costs 25,592 28,203 Other non-current assets 14,279 14,074 Total other non-current assets $ 176,538 $ 161,726

CONTRACT BALANCES

CONTRACT BALANCES	9 Months Ended
	Sep. 30, 2024
Revenue from Contract with Customer [Abstract]
CONTRACT BALANCES	CONTRACT BALANCES The changes in the allowance for doubtful accounts during the nine months ended September 30, 2024 and 2023 were as follows (in thousands): Nine Months Ended 2024 2023 Balance, beginning of period $ 13,768 $ 9,277 Add: provision for doubtful accounts 35,111 26,664 Less: write-offs, net of recoveries (32,506) (25,052) Balance, end of period $ 16,373 $ 10,889 In calculating the allowance for doubtful accounts as of September 30, 2024 and 2023, the Company considered expectations of probable credit losses 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 nine months ended September 30, 2024 as compared to the prior-year period were a result of the ordinary course of business, reflecting higher aggregate customer delinquencies as well as the increase in net revenue. 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 short-term deferred revenue during the nine months ended September 30, 2024 were as follows (in thousands): Nine Months Ended Balance, beginning of period $ 3,821 Less: recognition of deferred revenue from beginning balance (3,356) Add: net increase in current period contract liabilities 7,136 Balance, end of period $ 7,601 The majority of the Company’s deferred revenue balance as of September 30, 2024 is classified as short-term and is expected to be recognized as revenue in the subsequent three-month period ending December 31, 2024. An immaterial amount of long-term deferred revenue is included in other long-term liabilities as of September 30, 2024. No other contract assets or liabilities were recorded on the Company’s condensed consolidated balance sheets as of September 30, 2024 and December 31, 2023.

ACCOUNTS PAYABLE AND ACCRUED LI

ACCOUNTS PAYABLE AND ACCRUED LIABILITIES	9 Months Ended
	Sep. 30, 2024
Payables and Accruals [Abstract]
ACCOUNTS PAYABLE AND ACCRUED LIABILITIES	ACCOUNTS PAYABLE AND ACCRUED LIABILITIES Accounts payable and accrued liabilities as of September 30, 2024 and December 31, 2023 consisted of the following (in thousands): September 30, December 31, Accounts payable $ 6,903 $ 11,868 Employee-related liabilities 95,252 79,081 Accrued legal settlements 154 15,085 Other accrued liabilities 32,437 26,775 Total accounts payable and accrued liabilities $ 134,746 $ 132,809 As of September 30, 2024, other accrued liabilities primarily consisted of accrued operating expenses and cost of revenue, as well as taxes payable.

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	9 Months Ended
	Sep. 30, 2024
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	COMMITMENTS AND CONTINGENCIES Legal Proceedings 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 expected to be partially funded by insurance proceeds. The parties executed a settlement agreement, which the plaintiff presented to the Superior Court for approval. On April 10, 2024, the Superior Court granted final approval of the settlement, which resolved all claims asserted against the Company in the CIPA Action without any liability or wrongdoing attributed to it. 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. As of March 31, 2024, the Company believed the loss was probable and the payment amount of $15.0 million represented a reasonable estimate of loss contingency. The Company recorded a $4.0 million accrual for loss contingency related to the CIPA Action as of December 31, 2022 and an additional accrual of $11.0 million during 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 March 31, 2024. The accrual for loss contingency was released upon the settlement payment of $15.0 million in the three months ended June 30, 2024. The receivable for loss recovery that was recorded in 2023 for the anticipated insurance proceeds of $3.9 million was released upon receipt of the proceeds on January 18, 2024. 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 the 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 and 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. As of September 30, 2024, the Company had $14.0 million of letters of credit outstanding under the 2023 credit facility sub-limit, which were moved from the 2020 credit facility. The letters of credit are primarily related to lease agreements for certain office locations and are required to be maintained and issued to the landlords of each facility. No loans were outstanding under the 2023 credit facility and the Company was in compliance with all conditions and covenants thereunder as of September 30, 2024.

STOCKHOLDERS' EQUITY

STOCKHOLDERS' EQUITY	9 Months Ended
	Sep. 30, 2024
Stockholders' Equity Note [Abstract]
STOCKHOLDERS’ EQUITY	STOCKHOLDERS’ EQUITY The following table presents the number of shares authorized and issued as of September 30, 2024 and December 31, 2023 (in thousands): September 30, 2024 December 31, 2023 Shares Authorized Shares Shares Authorized Shares Common stock, $0.000001 par value 200,000 66,638 200,000 68,864 Undesignated preferred stock 10,000 — 10,000 — Stock Repurchase Program As of September 30, 2024, the Company’s board of directors had authorized the Company to repurchase up to an aggregate of $1.95 billion of its outstanding common stock, $393.3 million of which remained available as of September 30, 2024. 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 nine months ended September 30, 2024, the Company repurchased on the open market 4,979,329 shares for an aggregate purchase price of $188.4 million and retired 4,895,875 shares. As of September 30, 2024, the Company had a treasury stock balance of 83,454 shares, which were excluded from its outstanding share count as of such date and subsequently retired in October 2024. During the nine months ended September 30, 2023, the Company repurchased on the open market and subsequently retired 4,481,278 shares for an aggregate purchase price of $150.0 million. Although there were no shares of treasury stock as of September 30, 2023, the treasury stock balance included an immaterial amount of excise tax imposed by the Inflation Reduction Act of 2022 on stock repurchases, net of shares issued, during the nine months then ended. Equity Incentive Plans Stock Options A summary of stock option activity for the nine months ended September 30, 2024 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, 2023 2,543 $ 34.94 3.6 $ 33,100 Exercised (37) 33.44 Canceled (33) 64.91 Outstanding at September 30, 2024 2,473 $ 34.57 2.9 $ 8,258 Options vested and exercisable at September 30, 2024 2,457 $ 34.55 2.9 $ 8,240 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 zero and $0.6 million for the three months ended September 30, 2024 and 2023, respectively, and $0.3 million and $6.1 million for the nine months ended September 30, 2024 and 2023, respectively. There were no options granted during the nine months ended September 30, 2024 and 2023. As of September 30, 2024, total unrecognized compensation costs related to nonvested stock options were approximately $0.3 million, which the Company expects to recognize over a weighted-average time period of 0.9 years. RSUs RSUs include PRSUs that are subject to either (a) a market condition or (b) the achievement of performance goals. As the PRSU activity during the nine months ended September 30, 2024 was not material, it is presented together with the RSU activity in the table below. A summary of RSU and PRSU activity for the nine months ended September 30, 2024 is as follows (in thousands, except per share amounts): Number of Shares Weighted-Average Grant Date Fair Value Nonvested at December 31, 2023 9,961 $ 32.61 Granted 2,223 43.97 Vested (1) (3,852) 32.47 Canceled (523) 33.64 Nonvested at September 30, 2024 (2) 7,809 $ 35.84 (1) Includes 1,606,914 shares that vested but were not issued due to the Company’s use of net share settlement for payment of employee taxes. (2) Includes 875,846 PRSUs. The aggregate fair value as of the vest date of RSUs and PRSUs that vested during the nine months ended September 30, 2024 and 2023 was $139.8 million and $147.9 million, respectively. As of September 30, 2024, the Company had approximately $245.3 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 2.0 years. Employee Stock Purchase Plan There were 387,968 shares purchased by employees under the Employee Stock Purchase Plan (“ESPP”) at a weighted-average purchase price per share of $31.42 during the nine months ended September 30, 2024, and no shares were purchased by employees under the ESPP during the three months ended September 30, 2024. There were 2,295 and 382,627 shares purchased by employees under the ESPP at a weighted-average purchase price per share of $28.48 and $28.69 during the three and nine months ended September 30, 2023, respectively. The Company recognized stock-based compensation expense related to the ESPP of $0.8 million and $0.9 million during the three months ended September 30, 2024 and 2023, respectively, and $2.8 million and $2.7 million during the nine months ended September 30, 2024 and 2023, 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 Nine Months Ended 2024 2023 2024 2023 Cost of revenue $ 1,301 $ 1,298 $ 4,099 $ 4,026 Sales and marketing 8,588 9,200 25,905 26,921 Product development 20,887 24,047 67,074 74,888 General and administrative 8,696 8,922 26,318 27,469 Total stock-based compensation recorded to income before income taxes 39,472 43,467 123,396 133,304 Benefit from income taxes (7,560) (9,023) (24,015) (27,898) Total stock-based compensation recorded to net income attributable to common stockholders $ 31,912 $ 34,444 $ 99,381 $ 105,406 The Company capitalized $3.3 million and $2.2 million of stock-based compensation expense as website and internal-use software development costs and, to a lesser extent, implementation costs incurred related to cloud computing arrangements that are service contracts in the three months ended September 30, 2024 and 2023, respectively, and $9.2 million and $7.5 million in the nine months ended September 30, 2024 and 2023, respectively.

OTHER INCOME, NET

OTHER INCOME, NET	9 Months Ended
	Sep. 30, 2024
Other Income and Expenses [Abstract]
OTHER INCOME, NET	OTHER INCOME, NET Other income, net for the three and nine months ended September 30, 2024 and 2023 consisted of the following (in thousands): Three Months Ended Nine Months Ended 2024 2023 2024 2023 Interest income, net $ 5,308 $ 5,187 $ 16,396 $ 13,850 Transaction gain (loss) on foreign exchange, net 82 (100) (121) (69) Release of nonrecurring tax reserve (1) — — 3,102 — Other non-operating income, net 1,841 1,067 5,900 3,483 Other income, net $ 7,231 $ 6,154 $ 25,277 $ 17,264 (1) Represents the release of a reserve related to a one-time payroll tax credit.

INCOME TAXES

INCOME TAXES	9 Months Ended
	Sep. 30, 2024
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 nine months ended September 30, 2024 was $32.3 million, which was due to $33.0 million of U.S. federal, state and foreign income tax expense, partially offset by $0.7 million of net discrete tax benefit primarily related to stock-based compensation. Th e benefit from income taxes for the nine months ended September 30, 2023 was $0.5 million, which was due to $20.1 million of net discrete tax benefit primarily related to: the 2022 federal and state tax provision to return adjustments, which mainly resulted from the release of Internal Revenue Service guidance related to the requirement to capitalize and amortize certain research and development expenses under the U.S. Tax Cuts and Jobs Act; a one-time litigation settlement loss contingency in connection with the agreement to settle the CIPA Action as detailed in Note 12, “ Commitments and Contingencies ” ; and the tax benefit related to stock-based compensation. These tax benefits were partially offset by $19.6 million of U.S. federal, state and foreign income tax expense. 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 nine months ended September 30, 2024, the difference between the effective tax rate and the federal statutory tax rate primarily related to tax credits, offset by stock-based compensation and other non-deductible expenses. For the three and nine months ended September 30, 2023, the difference between the effective tax rate and the federal statutory tax rate primarily related to tax credits, offset by stock-based compensation. As of September 30, 2024, the Company had $38.7 million of unrecognized tax benefits that, if recognized, would affect the Company’s effective tax rate. As of September 30, 2024, the Company estimated that it had accumulated undistributed earnings generated by its foreign subsidiaries of approximately $35.9 million. Any 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 I nternal Revenue Service and other tax authorities. The Company’s federal and state income tax returns for tax years subsequent to 2003 remain open to examination. In the Company’s foreign jurisdictions — Canada, Germany, Ireland and the United Kingdom — the tax years subsequent to 2018 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 September 30, 2024, 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	9 Months Ended
	Sep. 30, 2024
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 Nine Months Ended 2024 2023 2024 2023 Basic net income per share: Net income attributable to common stockholders $ 38,440 $ 58,216 $ 90,630 $ 71,767 Shares used in computation: Weighted-average common shares outstanding 67,219 69,030 67,862 69,366 Basic net income per share attributable to common stockholders: $ 0.57 $ 0.84 $ 1.34 $ 1.03 Three Months Ended Nine Months Ended 2024 2023 2024 2023 Diluted net income per share: Net income attributable to common stockholders $ 38,440 $ 58,216 $ 90,630 $ 71,767 Shares used in computation: Weighted-average common shares outstanding 67,219 69,030 67,862 69,366 Stock options 229 501 351 246 RSUs 1,587 3,899 2,851 3,259 ESPP 128 136 45 49 Number of shares used in diluted calculation 69,163 73,566 71,109 72,920 Diluted net income per share attributable to common stockholders: $ 0.56 $ 0.79 $ 1.27 $ 0.98 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 Nine Months Ended 2024 2023 2024 2023 Stock options 1,099 761 680 1,319 RSUs 1,974 26 1,612 364

INFORMATION ABOUT REVENUE AND G

INFORMATION ABOUT REVENUE AND GEOGRAPHIC AREAS	9 Months Ended
	Sep. 30, 2024
Segment Reporting [Abstract]
INFORMATION ABOUT REVENUE AND GEOGRAPHIC AREAS	INFORMATION ABOUT REVENUE AND GEOGRAPHIC AREAS The 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 Nine Months Ended 2024 2023 2024 2023 Net revenue by product: Advertising revenue by category: Services $ 228,009 $ 206,178 $ 654,252 $ 589,972 Restaurants, Retail & Other 116,397 123,854 349,130 359,175 Advertising 344,406 330,032 1,003,382 949,147 Other (1) 15,938 15,090 46,730 45,539 Total net revenue $ 360,344 $ 345,122 $ 1,050,112 $ 994,686 (1) For the three and nine months ended September 30, 2024, other revenue includes revenue generated from transactions with consumers, which the Company reported separately as transactions revenue in prior periods. Prior-period amounts in the table above have been reclassified to conform to the current-period presentation. During the three and nine months ended September 30, 2024 and 2023, 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 Nine Months Ended 2024 2023 2024 2023 United States $ 357,656 $ 342,600 $ 1,042,159 $ 987,535 All other countries 2,688 2,522 7,953 7,151 Total net revenue $ 360,344 $ 345,122 $ 1,050,112 $ 994,686 Long-Lived Assets The following table presents the Company’s long-lived assets by major geographic region as of September 30, 2024 and December 31, 2023 (in thousands): September 30, December 31, United States $ 69,405 $ 62,464 All other countries 4,586 6,220 Total long-lived assets $ 73,991 $ 68,684

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	9 Months Ended
	Sep. 30, 2024
Subsequent Events [Abstract]
Subsequent Events	SUBSEQUENT EVENTS On November 6, 2024, the Company and Rollins Merger Sub, Inc., a wholly owned subsidiary of the Company (“Merger Sub”), entered into an Agreement and Plan of Merger (the “Merger Agreement”) with auto services platform RepairPal, Inc. (“RepairPal”) and Fortis Advisors LLC, solely in its capacity as the securityholders’ representative. Pursuant to the Merger Agreement, and upon the terms and subject to the conditions therein, Merger Sub will merge with and into RepairPal, with RepairPal continuing as the surviving corporation and a wholly owned subsidiary of the Company (the “Merger”). Upon consummation of the Merger, all outstanding capital stock and options and warrants to purchase capital stock of RepairPal will be converted into the right to receive an aggregate of $80 million in cash, subject to customary post-closing adjustments based on net working capital, indebtedness and third-party expenses. Of such amount, the following amounts will be held back to secure the Company’s right of indemnity under the Merger Agreement: (1) $8 million will be held back for a 15-month period after closing; (2) $2 million will be held back for a 24-month period after closing; and (3) $3.5 million will be held back until 30 days following the final, non-appealable resolution of certain legal matters. The Company will retain such holdback amounts, which will be classified as restricted cash. Subject to customary closing conditions, the Company expects to close the Merger by the end of 2024. The Company is currently in the process of valuing the assets expected to be acquired and liabilities expected to be assumed in its acquisition of RepairPal, which it expects to reflect in its financial statements for the year ending December 31, 2024. The Company believes its acquisition of RepairPal will accelerate its efforts in Services by expanding its offerings in the auto services advertising vertical.

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Pay vs Performance Disclosure
Net income attributable to common stockholders	$ 38,440	$ 58,216	$ 90,630	$ 71,767

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended	9 Months Ended
	Sep. 30, 2024 shares	Sep. 30, 2024 shares
Trading Arrangements, by Individual
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false
David Schwarzbach [Member]
Trading Arrangements, by Individual
Material Terms of Trading Arrangement		On August 29, 2024, David Schwarzbach, our Chief Financial Officer, entered into a trading plan intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). The plan provides for the sale of an aggregate of up to 120,000 shares of our common stock. The plan will terminate on the earlier of October 31, 2025 or when all shares subject to the plan have been sold, subject to early termination for certain specified events set forth in the plan.
Name	David Schwarzbach
Title	Chief Financial Officer
Rule 10b5-1 Arrangement Adopted	true
Adoption Date	August 29, 2024
Expiration Date	October 31, 2025
Arrangement Duration	428 days
Aggregate Available	120,000	120,000
Craig Saldanha [Member]
Trading Arrangements, by Individual
Material Terms of Trading Arrangement		On August 30, 2024, Craig Saldanha, our Chief Product Officer, entered into a trading plan intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). The plan provides for the sale of an aggregate of up to 10,000 shares of our common stock. The plan will terminate on the earlier of August 29, 2025 or when all shares subject to the plan have been sold, subject to early termination for certain specified events set forth in the plan.
Name	Craig Saldanha
Title	Chief Product Officer
Rule 10b5-1 Arrangement Adopted	true
Adoption Date	August 30, 2024
Expiration Date	August 29, 2025
Arrangement Duration	364 days
Aggregate Available	10,000	10,000

DESCRIPTION OF BUSINESS AND B_2

DESCRIPTION OF BUSINESS AND BASIS FOR PRESENTATION (Policies)	9 Months Ended
	Sep. 30, 2024
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, 2023 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. Certain prior-period amounts have been reclassified to conform to the current period presentation, including combining transactions revenue into other revenue. 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.
Recent Accounting Pronouncements Not Yet Effective	Recent Accounting Pronouncements Not Yet Effective In November 2023, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update No. 2023-07, “Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures” (“ASU 2023-07”), which expands annual and interim disclosure requirements for reportable segments, primarily through enhanced disclosures about significant segment expenses. ASU 2023-07 will be effective for annual periods beginning after December 15, 2023 and interim periods beginning after December 15, 2024 and should be adopted retrospectively. The Company is currently evaluating the impact of ASU 2023-07 on its related disclosures. In December 2023, the FASB issued Accounting Standards Update No. 2023-09, “Income Taxes (Topic 740): Improvements to Income Tax Disclosures” (“ASU 2023-09”), which requires the disclosure of specific categories in the rate reconciliation and greater disaggregation for income taxes paid. ASU 2023-09 will be effective for annual periods beginning after December 15, 2024 and should be adopted prospectively with the option to be adopted retrospectively. The Company is currently evaluating the impact of ASU 2023-09 on its related disclosures. In November 2024, the FASB issued Accounting Standards Update No. 2024-03, “Income Statement — Reporting Comprehensive Income — Expense Disaggregation Disclosures (Subtopic 220-40): Disaggregation of Income Statement Expenses” (“ASU 2024-03”), which requires the disaggregation of certain expenses in the notes of the financials, to provide enhanced transparency into the expense captions presented on the face of the income statement. ASU 2024-03 will be effective for annual periods beginning after December 15, 2026 and interim periods beginning after December 15, 2027 and may be applied either prospectively or retrospectively. The Company is currently evaluating the impact of ASU 2024-03 on its related disclosures.

CASH, CASH EQUIVALENTS AND RE_2

CASH, CASH EQUIVALENTS AND RESTRICTED CASH (Tables)	9 Months Ended
	Sep. 30, 2024
Cash and Cash Equivalents [Abstract]
Schedule of Cash and Cash Equivalents	Cash, cash equivalents and restricted cash as of September 30, 2024 and December 31, 2023 consisted of the following (in thousands): September 30, December 31, Cash $ 104,011 $ 105,959 Cash equivalents 157,577 207,952 Total cash and cash equivalents 261,588 313,911 Restricted cash 389 91 Total cash, cash equivalents and restricted cash $ 261,977 $ 314,002
Schedule of Restrictions on Cash and Cash Equivalents	Cash, cash equivalents and restricted cash as of September 30, 2024 and December 31, 2023 consisted of the following (in thousands): September 30, December 31, Cash $ 104,011 $ 105,959 Cash equivalents 157,577 207,952 Total cash and cash equivalents 261,588 313,911 Restricted cash 389 91 Total cash, cash equivalents and restricted cash $ 261,977 $ 314,002

MARKETABLE SECURITIES (Tables)

MARKETABLE SECURITIES (Tables)	9 Months Ended
	Sep. 30, 2024
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 September 30, 2024 and December 31, 2023 were as follows (in thousands): September 30, 2024 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value Cash equivalents: Commercial paper $ 776 $ — $ — $ 776 Total cash equivalents 776 — — 776 Short-term marketable securities: Certificates of deposit 1,282 — — 1,282 Commercial paper 10,083 — — 10,083 Corporate bonds 40,143 202 (7) 40,338 Agency bonds 3,218 2 — 3,220 U.S. government securities 80,104 421 (22) 80,503 Total short-term marketable securities 134,830 625 (29) 135,426 Total $ 135,606 $ 625 $ (29) $ 136,202 December 31, 2023 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value Cash equivalents: U.S. government securities $ 1,612 $ — $ — $ 1,612 Total cash equivalents 1,612 — — 1,612 Short-term marketable securities: Certificates of deposit 1,537 — — 1,537 Commercial paper 1,058 — — 1,058 Corporate bonds 19,833 16 (92) 19,757 Agency bonds 17,660 4 (17) 17,647 U.S. government securities 87,414 241 (169) 87,486 Total short-term marketable securities 127,502 261 (278) 127,485 Total $ 129,114 $ 261 $ (278) $ 129,097 The contractual maturities for marketable securities classified as available-for-sale as of September 30, 2024 were as follows (in thousands): Amortized Cost Fair Value Due in one year or less $ 79,932 $ 80,138 Due in one to five years 55,674 56,064 Total $ 135,606 $ 136,202
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 September 30, 2024 and December 31, 2023, aggregated by investment category and the length of time that the individual securities had been in a continuous loss position (in thousands): September 30, 2024 Less Than 12 Months 12 Months or Greater Total Fair Value Unrealized Loss Fair Value Unrealized Loss Fair Value Unrealized Loss Corporate bonds $ 4,777 $ (6) $ 1,330 $ (1) $ 6,107 $ (7) U.S. government securities 3,294 (2) 18,513 (20) 21,807 (22) Total $ 8,071 $ (8) $ 19,843 $ (21) $ 27,914 $ (29) December 31, 2023 Less Than 12 Months 12 Months or Greater Total Fair Value Unrealized Loss Fair Value Unrealized Loss Fair Value Unrealized Loss Corporate bonds $ 2,130 $ (9) $ 12,104 $ (83) $ 14,234 $ (92) Agency bonds 14,409 (17) — — 14,409 (17) U.S. government securities 27,763 (135) 6,231 (34) 33,994 (169) Total $ 44,302 $ (161) $ 18,335 $ (117) $ 62,637 $ (278)

FAIR VALUE MEASUREMENTS (Tables

FAIR VALUE MEASUREMENTS (Tables)	9 Months Ended
	Sep. 30, 2024
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 September 30, 2024 and December 31, 2023 (in thousands): September 30, 2024 December 31, 2023 Level 1 Level 2 Level 3 Total Level 1 Level 2 Level 3 Total Cash equivalents: Money market funds $ 129,653 $ — $ — $ 129,653 $ 180,270 $ — $ — $ 180,270 U.S. government securities — — — — — 1,612 — 1,612 Commercial paper — 776 — 776 — — — — Marketable securities: Certificates of deposit — 1,282 — 1,282 — 1,537 — 1,537 Commercial paper — 10,083 — 10,083 — 1,058 — 1,058 Corporate bonds — 40,338 — 40,338 — 19,757 — 19,757 Agency bonds — 3,220 — 3,220 — 17,647 — 17,647 U.S. government securities — 80,503 — 80,503 — 87,486 — 87,486 Other investments: Certificates of deposit — 10,000 — 10,000 — 7,500 — 7,500 Total cash equivalents, marketable securities and other investments $ 129,653 $ 146,202 $ — $ 275,855 $ 180,270 $ 136,597 $ — $ 316,867

PREPAID EXPENSES AND OTHER CU_2

PREPAID EXPENSES AND OTHER CURRENT ASSETS (Tables)	9 Months Ended
	Sep. 30, 2024
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 September 30, 2024 and December 31, 2023 consisted of the following (in thousands): September 30, December 31, Prepaid expenses $ 16,282 $ 14,922 Certificates of deposit 7,500 5,000 Other current assets 14,301 16,751 Total prepaid expenses and other current assets $ 38,083 $ 36,673

PROPERTY, EQUIPMENT, AND SOFTWA

PROPERTY, EQUIPMENT, AND SOFTWARE, NET (Tables)	9 Months Ended
	Sep. 30, 2024
Property, Plant and Equipment [Abstract]
Schedule of Property, Equipment and Software, Net	Property, equipment and software, net as of September 30, 2024 and December 31, 2023 consisted of the following (in thousands): September 30, December 31, Capitalized website and internal-use software development costs $ 289,146 $ 258,059 Leasehold improvements (1) 56,187 57,403 Computer equipment 28,796 50,014 Furniture and fixtures 9,018 10,336 Telecommunication 280 4,175 Software 1,105 1,113 Total 384,532 381,100 Less accumulated depreciation and amortization (1) (310,541) (312,416) Property, equipment and software, net $ 73,991 $ 68,684 (1) Leasehold improvements, net was reduced to reflect an impairment of $1.3 million recorded during the nine months ended September 30, 2024 as a result of the Company’s subleases of certain office space. For more information, see Note 8, “ Leases . ”

GOODWILL AND INTANGIBLE ASSETS

GOODWILL AND INTANGIBLE ASSETS (Tables)	9 Months Ended
	Sep. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Goodwill	The change in the carrying amount of goodwill during the nine months ended September 30, 2024 was as follows (in thousands): Balance as of December 31, 2023 $ 103,886 Effect of currency translation 547 Balance as of September 30, 2024 $ 104,433
Schedule of Intangible Assets	Intangible assets that were not fully amortized as of September 30, 2024 and December 31, 2023 consisted of the following (dollars in thousands): September 30, 2024 Gross Carrying Amount Accumulated Amortization Net Carrying Amount Weighted-Average Remaining Life Business relationships $ 9,918 $ (6,790) $ 3,128 4.4 years Licensing agreements 6,141 (2,646) 3,495 5.4 years Domain and data licenses 2,885 (2,870) 15 4.6 years Total $ 18,944 $ (12,306) $ 6,638 December 31, 2023 Gross Carrying Amount Accumulated Amortization Net Carrying Amount Weighted-Average Remaining Life Business relationships $ 9,918 $ (6,258) $ 3,660 5.2 years Licensing agreements 6,129 (2,151) 3,978 6.2 years Domain and data licenses 2,869 (2,869) — 0.0 years Total $ 18,916 $ (11,278) $ 7,638
Schedule of Future Amortization Expense	As of September 30, 2024, estimated future amortization expense was as follows (in thousands): Remainder of 2024 $ 336 2025 1,357 2026 1,357 2027 1,357 2028 1,357 2029 764 Thereafter 110 Total amortization $ 6,638

LEASES (Tables)

LEASES (Tables)	9 Months Ended
	Sep. 30, 2024
Leases [Abstract]
Schedule of Lease Cost and Supplemental Cash Flow Information	The components of lease cost, net for the three and nine months ended September 30, 2024 and 2023 were as follows (in thousands): Three Months Ended Nine Months Ended 2024 2023 2024 2023 Operating lease cost $ 4,537 $ 8,501 $ 14,225 $ 27,254 Short-term lease cost (12 months or less) 99 95 292 298 Sublease income (3,403) (3,403) (10,207) (10,197) Total lease cost, net $ 1,233 $ 5,193 $ 4,310 $ 17,355 Supplemental cash flow information related to leases for the nine months ended September 30, 2024 and 2023 was as follows (in thousands): Nine Months Ended 2024 2023 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 32,165 $ 34,723
Schedule of Lessee, Operating Lease, Liability, Maturity	As of September 30, 2024, maturities of lease liabilities were as follows (in thousands): Remainder of 2024 $ 10,593 2025 22,360 2026 7,426 2027 7,313 2028 6,005 2029 2,832 Thereafter 1,632 Total minimum lease payments 58,161 Less imputed interest (4,234) Present value of lease liabilities $ 53,927
Schedule of Assets And Liabilities, Lessee Information	As of September 30, 2024 and December 31, 2023, the weighted-average remaining lease term and weighted-average discount rate were as follows: September 30, December 31, Weighted-average remaining lease term (years) — operating leases 3.2 3.7 Weighted-average discount rate — operating leases 5.2 % 5.1 %

OTHER NON-CURRENT ASSETS (Table

OTHER NON-CURRENT ASSETS (Tables)	9 Months Ended
	Sep. 30, 2024
Other Assets, Noncurrent Disclosure [Abstract]
Schedule of Other Non-Current Assets	Other non-current assets as of September 30, 2024 and December 31, 2023 consisted of the following (in thousands): September 30, December 31, Deferred tax assets $ 136,667 $ 119,449 Deferred contract costs 25,592 28,203 Other non-current assets 14,279 14,074 Total other non-current assets $ 176,538 $ 161,726

CONTRACT BALANCES (Tables)

CONTRACT BALANCES (Tables)	9 Months Ended
	Sep. 30, 2024
Revenue from Contract with Customer [Abstract]
Schedule of Allowance for Doubtful Accounts	The changes in the allowance for doubtful accounts during the nine months ended September 30, 2024 and 2023 were as follows (in thousands): Nine Months Ended 2024 2023 Balance, beginning of period $ 13,768 $ 9,277 Add: provision for doubtful accounts 35,111 26,664 Less: write-offs, net of recoveries (32,506) (25,052) Balance, end of period $ 16,373 $ 10,889
Schedule of Contract with Customer, Liability	The changes in short-term deferred revenue during the nine months ended September 30, 2024 were as follows (in thousands): Nine Months Ended Balance, beginning of period $ 3,821 Less: recognition of deferred revenue from beginning balance (3,356) Add: net increase in current period contract liabilities 7,136 Balance, end of period $ 7,601

ACCOUNTS PAYABLE AND ACCRUED _2

ACCOUNTS PAYABLE AND ACCRUED LIABILITIES (Tables)	9 Months Ended
	Sep. 30, 2024
Payables and Accruals [Abstract]
Schedule of Accrued Liabilities	Accounts payable and accrued liabilities as of September 30, 2024 and December 31, 2023 consisted of the following (in thousands): September 30, December 31, Accounts payable $ 6,903 $ 11,868 Employee-related liabilities 95,252 79,081 Accrued legal settlements 154 15,085 Other accrued liabilities 32,437 26,775 Total accounts payable and accrued liabilities $ 134,746 $ 132,809

STOCKHOLDERS' EQUITY (Tables)

STOCKHOLDERS' EQUITY (Tables)	9 Months Ended
	Sep. 30, 2024
Stockholders' Equity Note [Abstract]
Schedule of Stock by Class	The following table presents the number of shares authorized and issued as of September 30, 2024 and December 31, 2023 (in thousands): September 30, 2024 December 31, 2023 Shares Authorized Shares Shares Authorized Shares Common stock, $0.000001 par value 200,000 66,638 200,000 68,864 Undesignated preferred stock 10,000 — 10,000 —
Schedule of Stock Option Activity	A summary of stock option activity for the nine months ended September 30, 2024 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, 2023 2,543 $ 34.94 3.6 $ 33,100 Exercised (37) 33.44 Canceled (33) 64.91 Outstanding at September 30, 2024 2,473 $ 34.57 2.9 $ 8,258 Options vested and exercisable at September 30, 2024 2,457 $ 34.55 2.9 $ 8,240
Schedule of RSU Activity	A summary of RSU and PRSU activity for the nine months ended September 30, 2024 is as follows (in thousands, except per share amounts): Number of Shares Weighted-Average Grant Date Fair Value Nonvested at December 31, 2023 9,961 $ 32.61 Granted 2,223 43.97 Vested (1) (3,852) 32.47 Canceled (523) 33.64 Nonvested at September 30, 2024 (2) 7,809 $ 35.84 (1) Includes 1,606,914 shares that vested but were not issued due to the Company’s use of net share settlement for payment of employee taxes. (2) Includes 875,846 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 Nine Months Ended 2024 2023 2024 2023 Cost of revenue $ 1,301 $ 1,298 $ 4,099 $ 4,026 Sales and marketing 8,588 9,200 25,905 26,921 Product development 20,887 24,047 67,074 74,888 General and administrative 8,696 8,922 26,318 27,469 Total stock-based compensation recorded to income before income taxes 39,472 43,467 123,396 133,304 Benefit from income taxes (7,560) (9,023) (24,015) (27,898) Total stock-based compensation recorded to net income attributable to common stockholders $ 31,912 $ 34,444 $ 99,381 $ 105,406

OTHER INCOME, NET (Tables)

OTHER INCOME, NET (Tables)	9 Months Ended
	Sep. 30, 2024
Other Income and Expenses [Abstract]
Schedule of Other Income, Net	Other income, net for the three and nine months ended September 30, 2024 and 2023 consisted of the following (in thousands): Three Months Ended Nine Months Ended 2024 2023 2024 2023 Interest income, net $ 5,308 $ 5,187 $ 16,396 $ 13,850 Transaction gain (loss) on foreign exchange, net 82 (100) (121) (69) Release of nonrecurring tax reserve (1) — — 3,102 — Other non-operating income, net 1,841 1,067 5,900 3,483 Other income, net $ 7,231 $ 6,154 $ 25,277 $ 17,264 (1) Represents the release of a reserve related to a one-time payroll tax credit.

NET INCOME PER SHARE ATTRIBUT_2

NET INCOME PER SHARE ATTRIBUTABLE TO COMMON STOCKHOLDERS (Tables)	9 Months Ended
	Sep. 30, 2024
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 Nine Months Ended 2024 2023 2024 2023 Basic net income per share: Net income attributable to common stockholders $ 38,440 $ 58,216 $ 90,630 $ 71,767 Shares used in computation: Weighted-average common shares outstanding 67,219 69,030 67,862 69,366 Basic net income per share attributable to common stockholders: $ 0.57 $ 0.84 $ 1.34 $ 1.03 Three Months Ended Nine Months Ended 2024 2023 2024 2023 Diluted net income per share: Net income attributable to common stockholders $ 38,440 $ 58,216 $ 90,630 $ 71,767 Shares used in computation: Weighted-average common shares outstanding 67,219 69,030 67,862 69,366 Stock options 229 501 351 246 RSUs 1,587 3,899 2,851 3,259 ESPP 128 136 45 49 Number of shares used in diluted calculation 69,163 73,566 71,109 72,920 Diluted net income per share attributable to common stockholders: $ 0.56 $ 0.79 $ 1.27 $ 0.98
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 Nine Months Ended 2024 2023 2024 2023 Stock options 1,099 761 680 1,319 RSUs 1,974 26 1,612 364

INFORMATION ABOUT REVENUE AND_2

INFORMATION ABOUT REVENUE AND GEOGRAPHIC AREAS (Tables)	9 Months Ended
	Sep. 30, 2024
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 Nine Months Ended 2024 2023 2024 2023 Net revenue by product: Advertising revenue by category: Services $ 228,009 $ 206,178 $ 654,252 $ 589,972 Restaurants, Retail & Other 116,397 123,854 349,130 359,175 Advertising 344,406 330,032 1,003,382 949,147 Other (1) 15,938 15,090 46,730 45,539 Total net revenue $ 360,344 $ 345,122 $ 1,050,112 $ 994,686 (1) For the three and nine months ended September 30, 2024, other revenue includes revenue generated from transactions with consumers, which the Company reported separately as transactions revenue in prior periods. Prior-period amounts in the table above have been reclassified to conform to the current-period presentation.
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 Nine Months Ended 2024 2023 2024 2023 United States $ 357,656 $ 342,600 $ 1,042,159 $ 987,535 All other countries 2,688 2,522 7,953 7,151 Total net revenue $ 360,344 $ 345,122 $ 1,050,112 $ 994,686
Schedule of Long-Lived Assets by Geographic Location	The following table presents the Company’s long-lived assets by major geographic region as of September 30, 2024 and December 31, 2023 (in thousands): September 30, December 31, United States $ 69,405 $ 62,464 All other countries 4,586 6,220 Total long-lived assets $ 73,991 $ 68,684

CASH, CASH EQUIVALENTS AND RE_3

CASH, CASH EQUIVALENTS AND RESTRICTED CASH (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023	Sep. 30, 2023	Dec. 31, 2022
Cash and Cash Equivalents [Abstract]
Cash	$ 104,011	$ 105,959
Cash equivalents	157,577	207,952
Total cash and cash equivalents	261,588	313,911
Restricted cash	389	91
Total cash, cash equivalents and restricted cash	$ 261,977	$ 314,002	$ 305,454	$ 307,138

MARKETABLE SECURITIES (Schedule

MARKETABLE SECURITIES (Schedule of the Fair Value to Amortized Cost Basis of Securities Available-for-Sale) (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Debt Securities, Available-for-Sale [Line Items]
Amortized Cost	$ 135,606	$ 129,114
Gross Unrealized Gains	625	261
Gross Unrealized Losses	(29)	(278)
Fair Value	136,202	129,097
Cash equivalents:
Debt Securities, Available-for-Sale [Line Items]
Amortized Cost	776	1,612
Gross Unrealized Gains	0	0
Gross Unrealized Losses	0	0
Fair Value	776	1,612
Cash equivalents: | Commercial paper
Debt Securities, Available-for-Sale [Line Items]
Amortized Cost	776
Gross Unrealized Gains	0
Gross Unrealized Losses	0
Fair Value	776
Cash equivalents: | U.S. government securities
Debt Securities, Available-for-Sale [Line Items]
Amortized Cost		1,612
Gross Unrealized Gains		0
Gross Unrealized Losses		0
Fair Value		1,612
Short-term marketable securities:
Debt Securities, Available-for-Sale [Line Items]
Amortized Cost	134,830	127,502
Gross Unrealized Gains	625	261
Gross Unrealized Losses	(29)	(278)
Fair Value	135,426	127,485
Short-term marketable securities: | Certificates of deposit
Debt Securities, Available-for-Sale [Line Items]
Amortized Cost	1,282	1,537
Gross Unrealized Gains	0	0
Gross Unrealized Losses	0	0
Fair Value	1,282	1,537
Short-term marketable securities: | Commercial paper
Debt Securities, Available-for-Sale [Line Items]
Amortized Cost	10,083	1,058
Gross Unrealized Gains	0	0
Gross Unrealized Losses	0	0
Fair Value	10,083	1,058
Short-term marketable securities: | Corporate bonds
Debt Securities, Available-for-Sale [Line Items]
Amortized Cost	40,143	19,833
Gross Unrealized Gains	202	16
Gross Unrealized Losses	(7)	(92)
Fair Value	40,338	19,757
Short-term marketable securities: | Agency bonds
Debt Securities, Available-for-Sale [Line Items]
Amortized Cost	3,218	17,660
Gross Unrealized Gains	2	4
Gross Unrealized Losses	0	(17)
Fair Value	3,220	17,647
Short-term marketable securities: | U.S. government securities
Debt Securities, Available-for-Sale [Line Items]
Amortized Cost	80,104	87,414
Gross Unrealized Gains	421	241
Gross Unrealized Losses	(22)	(169)
Fair Value	$ 80,503	$ 87,486

MARKETABLE SECURITIES (Schedu_2

MARKETABLE SECURITIES (Schedule of Securities in an Unrealized Loss Position) (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Fair Value
Less Than 12 Months	$ 8,071	$ 44,302
12 Months or Greater	19,843	18,335
Total	27,914	62,637
Unrealized Loss
Less Than 12 Months	(8)	(161)
12 Months or Greater	(21)	(117)
Total	(29)	(278)
Corporate bonds
Fair Value
Less Than 12 Months	4,777	2,130
12 Months or Greater	1,330	12,104
Total	6,107	14,234
Unrealized Loss
Less Than 12 Months	(6)	(9)
12 Months or Greater	(1)	(83)
Total	(7)	(92)
Agency bonds
Fair Value
Less Than 12 Months		14,409
12 Months or Greater		0
Total		14,409
Unrealized Loss
Less Than 12 Months		(17)
12 Months or Greater		0
Total		(17)
U.S. government securities
Fair Value
Less Than 12 Months	3,294	27,763
12 Months or Greater	18,513	6,231
Total	21,807	33,994
Unrealized Loss
Less Than 12 Months	(2)	(135)
12 Months or Greater	(20)	(34)
Total	$ (22)	$ (169)

MARKETABLE SECURITIES (Narrativ

MARKETABLE SECURITIES (Narrative) (Details) - USD ($)	Sep. 30, 2024	Sep. 30, 2023
Investments, Debt and Equity Securities [Abstract]
Debt securities, available-for-sale, allowance for credit loss	$ 0	$ 0

MARKETABLE SECURITIES (Marketab

MARKETABLE SECURITIES (Marketable Securities) (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Amortized Cost
Due in one year or less	$ 79,932
Due in one to five years	55,674
Total	135,606
Fair Value
Due in one year or less	80,138
Due in one to five years	56,064
Total	$ 136,202	$ 129,097

FAIR VALUE MEASUREMENTS (Detail

FAIR VALUE MEASUREMENTS (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Marketable securities:	$ 136,202	$ 129,097
Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total cash equivalents, marketable securities and other investments	275,855	316,867
Recurring | Certificates of deposit
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Marketable securities:	1,282	1,537
Other investments:	10,000	7,500
Recurring | Commercial paper
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Marketable securities:	10,083	1,058
Recurring | Corporate bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Marketable securities:	40,338	19,757
Recurring | Agency bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Marketable securities:	3,220	17,647
Recurring | U.S. government securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Marketable securities:	80,503	87,486
Recurring | Money market funds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents:	129,653	180,270
Recurring | U.S. government securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents:	0	1,612
Recurring | Commercial paper
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents:	776	0
Recurring | Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total cash equivalents, marketable securities and other investments	129,653	180,270
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 securities
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:	129,653	180,270
Recurring | Level 1 | U.S. government securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents:	0	0
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	146,202	136,597
Recurring | Level 2 | Certificates of deposit
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Marketable securities:	1,282	1,537
Other investments:	10,000	7,500
Recurring | Level 2 | Commercial paper
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Marketable securities:	10,083	1,058
Recurring | Level 2 | Corporate bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Marketable securities:	40,338	19,757
Recurring | Level 2 | Agency bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Marketable securities:	3,220	17,647
Recurring | Level 2 | U.S. government securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Marketable securities:	80,503	87,486
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 | U.S. government securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents:	0	1,612
Recurring | Level 2 | Commercial paper
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents:	776	0
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 securities
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 | U.S. government securities
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	Sep. 30, 2024	Dec. 31, 2023
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Prepaid expenses	$ 16,282	$ 14,922
Certificates of deposit	7,500	5,000
Other current assets	14,301	16,751
Total prepaid expenses and other current assets	$ 38,083	$ 36,673

PROPERTY, EQUIPMENT AND SOFTW_2

PROPERTY, EQUIPMENT AND SOFTWARE, NET (Schedule of Property, Equipment and Software) (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023
Property, Plant and Equipment [Line Items]
Property, equipment and software, gross	$ 384,532		$ 381,100
Less accumulated depreciation and amortization	(310,541)		(312,416)
Property, equipment and software, net	73,991		68,684
Reduction to leasehold improvements	1,300	$ 1,000
Capitalized website and internal-use software development costs
Property, Plant and Equipment [Line Items]
Property, equipment and software, gross	289,146		258,059
Leasehold improvements
Property, Plant and Equipment [Line Items]
Property, equipment and software, gross	56,187		57,403
Computer equipment
Property, Plant and Equipment [Line Items]
Property, equipment and software, gross	28,796		50,014
Furniture and fixtures
Property, Plant and Equipment [Line Items]
Property, equipment and software, gross	9,018		10,336
Telecommunication
Property, Plant and Equipment [Line Items]
Property, equipment and software, gross	280		4,175
Software
Property, Plant and Equipment [Line Items]
Property, equipment and software, gross	$ 1,105		$ 1,113

PROPERTY, EQUIPMENT, AND SOFT_2

PROPERTY, EQUIPMENT, AND SOFTWARE, NET (Narrative) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Property, Plant and Equipment [Line Items]
Depreciation and amortization	$ 9,326	$ 10,461	$ 28,841	$ 31,881
Property Equipment And Software
Property, Plant and Equipment [Line Items]
Depreciation and amortization	$ 9,000	$ 10,200	$ 27,800	$ 30,900

GOODWILL AND INTANGIBLE ASSET_2

GOODWILL AND INTANGIBLE ASSETS (Narrative) (Details) - USD ($)		3 Months Ended		9 Months Ended
	Aug. 31, 2024	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill impairment loss	$ 0
Amortization expense		$ 300,000	$ 300,000	$ 1,000,000	$ 1,000,000

GOODWILL AND INTANGIBLE ASSET_3

GOODWILL AND INTANGIBLE ASSETS (Schedule of Goodwill) (Details) $ in Thousands	9 Months Ended
	Sep. 30, 2024 USD ($)
Goodwill [Roll Forward]
Beginning balance	$ 103,886
Effect of currency translation	547
Ending balance	$ 104,433

GOODWILL AND INTANGIBLE ASSET_4

GOODWILL AND INTANGIBLE ASSETS (Schedule of Intangible Assets) (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 18,944	$ 18,916
Accumulated Amortization	(12,306)	(11,278)
Total amortization	6,638	7,638
Business relationships
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	9,918	9,918
Accumulated Amortization	(6,790)	(6,258)
Total amortization	$ 3,128	$ 3,660
Weighted-Average Remaining Life	4 years 4 months 24 days	5 years 2 months 12 days
Licensing agreements
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 6,141	$ 6,129
Accumulated Amortization	(2,646)	(2,151)
Total amortization	$ 3,495	$ 3,978
Weighted-Average Remaining Life	5 years 4 months 24 days	6 years 2 months 12 days
Domain and data licenses
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 2,885	$ 2,869
Accumulated Amortization	(2,870)	(2,869)
Total amortization	$ 15	$ 0
Weighted-Average Remaining Life	4 years 7 months 6 days	0 years

GOODWILL AND INTANGIBLE ASSET_5

GOODWILL AND INTANGIBLE ASSETS (Schedule of Future Amortization Expense) (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Estimated Future Amortization Expense
Remainder of 2024	$ 336
2025	1,357
2026	1,357
2027	1,357
2028	1,357
2029	764
Thereafter	110
Total amortization	$ 6,638	$ 7,638

LEASES (Lease Cost) (Details)

LEASES (Lease Cost) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Leases [Abstract]
Operating lease cost	$ 4,537	$ 8,501	$ 14,225	$ 27,254
Short-term lease cost (12 months or less)	99	95	292	298
Sublease income	(3,403)	(3,403)	(10,207)	(10,197)
Total lease cost, net	$ 1,233	$ 5,193	$ 4,310	$ 17,355

LEASES (Supplemental Cash Flow

LEASES (Supplemental Cash Flow Information) (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$ 32,165	$ 34,723

LEASES (Operating Lease Maturit

LEASES (Operating Lease Maturities) (Details) $ in Thousands	Sep. 30, 2024 USD ($)
Leases [Abstract]
Remainder of 2024	$ 10,593
2025	22,360
2026	7,426
2027	7,313
2028	6,005
2029	2,832
Thereafter	1,632
Total minimum lease payments	58,161
Less imputed interest	(4,234)
Present value of lease liabilities	$ 53,927

LEASES (Weighted-Average Remain

LEASES (Weighted-Average Remaining Lease Terms) (Details)	Sep. 30, 2024	Dec. 31, 2023
Leases [Abstract]
Weighted-average remaining lease term (years) — operating leases	3 years 2 months 12 days	3 years 8 months 12 days
Weighted-average discount rate — operating leases	5.20%	5.10%

LEASES (Narrative) (Details)

LEASES (Narrative) (Details) - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Leases [Abstract]
Impairment charge	$ 5.9	$ 3.6
Reduction to right-of-use assets	4.6	2.6
Reduction to leasehold improvements	1.3	$ 1
Early Termination Option
Lessee, Lease, Description [Line Items]
Decrease in operating lease right-of-use assets	4.6
Decrease in lease liabilities	$ 4.6

OTHER NON-CURRENT ASSETS (Detai

OTHER NON-CURRENT ASSETS (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Other Assets, Noncurrent Disclosure [Abstract]
Deferred tax assets	$ 136,667	$ 119,449
Deferred contract costs	25,592	28,203
Other non-current assets	14,279	14,074
Total other non-current assets	$ 176,538	$ 161,726

CONTRACT BALANCES (Schedule of

CONTRACT BALANCES (Schedule of Changes in Allowance for Doubtful Accounts) (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Accounts Receivable, Allowance for Doubtful Accounts [Roll Forward]
Balance, beginning of period	$ 13,768	$ 9,277
Add: provision for doubtful accounts	35,111	26,664
Less: write-offs, net of recoveries	(32,506)	(25,052)
Balance, end of period	$ 16,373	$ 10,889

CONTRACT BALANCES (Changes in D

CONTRACT BALANCES (Changes in Deferred Revenue) (Details) $ in Thousands	9 Months Ended
	Sep. 30, 2024 USD ($)
Change in Contract with Customer, Liability [Roll Forward]
Balance, beginning of period	$ 3,821
Less: recognition of deferred revenue from beginning balance	(3,356)
Add: net increase in current period contract liabilities	7,136
Balance, end of period	$ 7,601

CONTRACT BALANCES (Narrative) (

CONTRACT BALANCES (Narrative) (Details) - USD ($)	Sep. 30, 2024	Dec. 31, 2023
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	Sep. 30, 2024	Dec. 31, 2023
Payables and Accruals [Abstract]
Accounts payable	$ 6,903	$ 11,868
Employee-related liabilities	95,252	79,081
Accrued legal settlements	154	15,085
Other accrued liabilities	32,437	26,775
Total accounts payable and accrued liabilities	$ 134,746	$ 132,809

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Legal Proceedings) (Details) - CIPA Action - USD ($) $ in Millions			3 Months Ended	12 Months Ended
	Jan. 18, 2024	Jul. 17, 2023	Jun. 30, 2024	Dec. 31, 2023	Mar. 31, 2024	Dec. 31, 2022
Loss Contingencies [Line Items]
Payments for legal settlements			$ 15
Pending Litigation
Loss Contingencies [Line Items]
Amount awarded to other party		$ 15
Estimate of loss contingencies					$ 15
Loss contingency accrual					$ 15	$ 4
Loss contingency accrual, increase				$ 11
Proceeds from insurance settlement	$ 3.9

COMMITMENTS AND CONTINGENCIES_2

COMMITMENTS AND CONTINGENCIES (Revolving Credit Facility) (Details)	Apr. 28, 2023 USD ($)	Sep. 30, 2024 USD ($)	May 05, 2020 USD ($)
Revolving Credit Facility | 2023 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
Letters of credit outstanding		$ 14,000,000
Long-term line of credit		$ 0
Revolving Credit Facility | 2023 Credit Facility | Minimum
Line of Credit Facility [Line Items]
Commitment fee percentage (in percent)	0.20%
Debt instrument, covenant, interest coverage ratio		3
Revolving Credit Facility | 2023 Credit Facility | Maximum
Line of Credit Facility [Line Items]
Commitment fee percentage (in percent)	0.25%
Debt instrument, covenant, leverage ratio		3.75
Revolving Credit Facility | 2023 Credit Facility | SOFR
Line of Credit Facility [Line Items]
Basis spread	0.10%
Revolving Credit Facility | 2023 Credit Facility | SOFR | Minimum
Line of Credit Facility [Line Items]
Margin	1.25%
Revolving Credit Facility | 2023 Credit Facility | SOFR | Maximum
Line of Credit Facility [Line Items]
Margin	1.50%
Revolving Credit Facility | 2023 Credit Facility | Base Rate | Minimum
Line of Credit Facility [Line Items]
Basis spread	0.25%
Revolving Credit Facility | 2023 Credit Facility | Base Rate | Maximum
Line of Credit Facility [Line Items]
Basis spread	0.50%
Revolving Credit Facility | 2023 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 | 2023 Credit Facility | For a Certain Period Following Significant Acquisitions | Maximum
Line of Credit Facility [Line Items]
Debt instrument, covenant, leverage ratio		4.25
Revolving Credit Facility | 2020 Credit Facility
Line of Credit Facility [Line Items]
Line of credit facility, maximum borrowing capacity			$ 75,000,000
Letter of Credit | 2023 Credit Facility
Line of Credit Facility [Line Items]
Line of credit facility, maximum borrowing capacity	$ 25,000,000
Letter of Credit | 2023 Credit Facility | Minimum
Line of Credit Facility [Line Items]
Fees on outstanding letters of credit	1.25%
Letter of Credit | 2023 Credit Facility | Maximum
Line of Credit Facility [Line Items]
Fees on outstanding letters of credit	1.50%
Bilateral Letter of Credit | 2023 Credit Facility
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	Sep. 30, 2024	Dec. 31, 2023
Stockholders' Equity Note [Abstract]
Common stock, shares authorized (in shares)	200,000,000	200,000,000
Common stock, shares issued (in shares)	66,638,000	68,864,000
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) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Repurchase of common stock			$ 188,399,000	$ 149,999,000
Treasury stock (in shares)	83,454	0	83,454	0
Excise tax				$ 0
Stock-based compensation	$ 39,472,000	$ 43,467,000	$ 123,396,000	133,304,000
Capitalized stock-based compensation expense	3,300,000	2,200,000	9,200,000	7,500,000
Stock options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Intrinsic value of options exercised	0	$ 600,000	$ 300,000	$ 6,100,000
Granted (in shares)			0	0
Unrecognized compensation costs	300,000		$ 300,000
Unrecognized compensation costs, period for recognition			10 months 24 days
RSUs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized compensation costs	$ 245,300,000		$ 245,300,000
Unrecognized compensation costs, period for recognition			2 years
Fair value as of vest date of RSUs			$ 139,800,000	$ 147,900,000
ESPP
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares purchased (in shares)	0	2,295	387,968	382,627
Weighted-average purchase price (in USD per share)		$ 28.48	$ 31.42	$ 28.69
Stock-based compensation	$ 800,000	$ 900,000	$ 2,800,000	$ 2,700,000
July 2017 Share Repurchase Program
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock repurchase program, authorized amount	1,950,000,000		1,950,000,000
Remaining authorized repurchase amount	$ 393,300,000		$ 393,300,000
Stock repurchased (in shares)			4,979,329
Repurchase of common stock			$ 188,400,000	$ 150,000,000
Stock repurchased and retired (in shares)			4,895,875	4,481,278

STOCKHOLDERS' EQUITY (Schedul_2

STOCKHOLDERS' EQUITY (Schedule of Stock Option Activity) (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 30, 2024	Dec. 31, 2023
Number of Shares (in thousands)
Outstanding, beginning balance (in shares)	2,543
Exercised (in shares)	(37)
Canceled (in shares)	(33)
Outstanding, ending balance (in shares)	2,473	2,543
Options vested and exercisable (in shares)	2,457
Weighted-Average Exercise Price
Outstanding, beginning balance (in USD per share)	$ 34.94
Exercised (in USD per share)	33.44
Canceled (in USD per share)	64.91
Outstanding, ending balance (in USD per share)	34.57	$ 34.94
Options vested and exercisable (in USD per share)	$ 34.55
Weighted-Average Remaining Contractual Term (in years)
Outstanding, Weighted-Average Remaining Contractual Term (in years)	2 years 10 months 24 days	3 years 7 months 6 days
Options vested and exercisable, Weighted-Average Remaining Contractual Term (in years)	2 years 10 months 24 days
Aggregate Intrinsic Value (in thousands)
Outstanding, Aggregate Intrinsic Value	$ 8,258	$ 33,100
Options vested and exercisable, Aggregate Intrinsic Value	$ 8,240

STOCKHOLDERS' EQUITY (Schedul_3

STOCKHOLDERS' EQUITY (Schedule of Restricted Stock Units Activity) (Details)	9 Months Ended
	Sep. 30, 2024 $ / shares shares
RSUs
Number of Shares
Nonvested, beginning balance (in shares)	9,961,000
Granted (in shares)	2,223,000
Vested (in shares)	(3,852,000)
Canceled (in shares)	(523,000)
Nonvested, ending balance (in shares)	7,809,000
Weighted-Average Grant Date Fair Value
Nonvested, beginning balance (in USD per share) | $ / shares	$ 32.61
Granted (in USD per share) | $ / shares	43.97
Vested (in USD per share) | $ / shares	32.47
Canceled (in USD per share) | $ / shares	33.64
Nonvested, ending balance (in USD per share) | $ / shares	$ 35.84
Shares withheld for taxes (in shares)	1,606,914
Performance Shares
Number of Shares
Nonvested, ending balance (in shares)	875,846

STOCKHOLDERS' EQUITY (Schedul_4

STOCKHOLDERS' EQUITY (Schedule of Stock-Based Compensation Expense) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Total stock-based compensation recorded to income before income taxes	$ 39,472	$ 43,467	$ 123,396	$ 133,304
Benefit from income taxes	(7,560)	(9,023)	(24,015)	(27,898)
Total stock-based compensation recorded to net income attributable to common stockholders	31,912	34,444	99,381	105,406
Cost of revenue
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Total stock-based compensation recorded to income before income taxes	1,301	1,298	4,099	4,026
Sales and marketing
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Total stock-based compensation recorded to income before income taxes	8,588	9,200	25,905	26,921
Product development
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Total stock-based compensation recorded to income before income taxes	20,887	24,047	67,074	74,888
General and administrative
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Total stock-based compensation recorded to income before income taxes	$ 8,696	$ 8,922	$ 26,318	$ 27,469

OTHER INCOME, NET (Details)

OTHER INCOME, NET (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Other Income and Expenses [Abstract]
Interest income, net	$ 5,308	$ 5,187	$ 16,396	$ 13,850
Transaction gain (loss) on foreign exchange, net	82	(100)	(121)	(69)
Release of nonrecurring tax reserve	0	0	3,102	0
Other non-operating income, net	1,841	1,067	5,900	3,483
Other income, net	$ 7,231	$ 6,154	$ 25,277	$ 17,264

INCOME TAXES (Details)

INCOME TAXES (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Income Tax Disclosure [Abstract]
Income tax expense (benefit)	$ 15,443,000	$ (10,189,000)	$ 32,263,000	$ (475,000)
Income tax expense (benefit) due to U.S. federal and state income taxes and foreign income taxes			33,000,000	19,600,000
Net discrete tax benefit			700,000	$ 20,100,000
Unrecognized tax benefits that would impact effective tax rate	38,700,000		38,700,000
Earnings of foreign subsidiaries to be reinvested indefinitely	35,900,000		35,900,000
Within Next 12 Months
Significant Change in Unrecognized Tax Benefits is Reasonably Possible [Line Items]
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		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Basic net income per share:
Net income attributable to common stockholders	$ 38,440	$ 58,216	$ 90,630	$ 71,767
Weighted-average common shares outstanding (in shares)	67,219	69,030	67,862	69,366
Basic net income per share attributable to common stockholders (in USD per share)	$ 0.57	$ 0.84	$ 1.34	$ 1.03
Diluted net income per share:
Net income attributable to common stockholders	$ 38,440	$ 58,216	$ 90,630	$ 71,767
Weighted-average common shares outstanding (in shares)	67,219	69,030	67,862	69,366
Number of shares used in diluted calculation (in shares)	69,163	73,566	71,109	72,920
Diluted net income per share attributable to common stockholders (in USD per share)	$ 0.56	$ 0.79	$ 1.27	$ 0.98
Stock options
Diluted net income per share:
Incremental common shares (in shares)	229	501	351	246
RSUs
Diluted net income per share:
Incremental common shares (in shares)	1,587	3,899	2,851	3,259
ESPP
Diluted net income per share:
Incremental common shares (in shares)	128	136	45	49

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		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Stock options
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Anti-dilutive awards (in shares)	1,099	761	680	1,319
RSUs
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Anti-dilutive awards (in shares)	1,974	26	1,612	364

INFORMATION ABOUT REVENUE AND_3

INFORMATION ABOUT REVENUE AND GEOGRAPHIC AREAS (Net Revenue) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Revenues from External Customers and Long-Lived Assets [Line Items]
Total net revenue	$ 360,344	$ 345,122	$ 1,050,112	$ 994,686
United States
Revenues from External Customers and Long-Lived Assets [Line Items]
Total net revenue	357,656	342,600	1,042,159	987,535
All other countries
Revenues from External Customers and Long-Lived Assets [Line Items]
Total net revenue	2,688	2,522	7,953	7,151
Advertising
Revenues from External Customers and Long-Lived Assets [Line Items]
Total net revenue	344,406	330,032	1,003,382	949,147
Services
Revenues from External Customers and Long-Lived Assets [Line Items]
Total net revenue	228,009	206,178	654,252	589,972
Restaurants, Retail & Other
Revenues from External Customers and Long-Lived Assets [Line Items]
Total net revenue	116,397	123,854	349,130	359,175
Other
Revenues from External Customers and Long-Lived Assets [Line Items]
Total net revenue	$ 15,938	$ 15,090	$ 46,730	$ 45,539

INFORMATION ABOUT REVENUE AND_4

INFORMATION ABOUT REVENUE AND GEOGRAPHIC AREAS (Long-Lived Assets) (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Revenues from External Customers and Long-Lived Assets [Line Items]
Total long-lived assets	$ 73,991	$ 68,684
United States
Revenues from External Customers and Long-Lived Assets [Line Items]
Total long-lived assets	69,405	62,464
All other countries
Revenues from External Customers and Long-Lived Assets [Line Items]
Total long-lived assets	$ 4,586	$ 6,220

SUBSEQUENT EVENTS (Details)

SUBSEQUENT EVENTS (Details) - Subsequent Event - RepairPal, Inc. $ in Millions	Nov. 06, 2024 USD ($)
Subsequent Event [Line Items]
Cash consideration	$ 80
15-Month Period After Closing
Subsequent Event [Line Items]
Holdback amount	8
24-Month Period After Closing
Subsequent Event [Line Items]
Holdback amount	2
30 Days Following Final, Non-Appealable Resolution Of Certain Legal Matters
Subsequent Event [Line Items]
Holdback amount	$ 3.5