Squarespace (SQSP) 10-Q 8 Aug 23 2023 Q2 Quarterly report Financial data

Cover

Cover	6 Months Ended
	Jun. 30, 2023 shares
Document Information [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jun. 30, 2023
Document Transition Report	false
Entity File Number	001-40393
Entity Registrant Name	SQUARESPACE, INC.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	20-0375811
Entity Address, Address Line One	225 Varick Street
Entity Address, Address Line Two	12th Floor
Entity Address, City or Town	New York
Entity Address, State or Province	NY
Entity Address, Postal Zip Code	10014
City Area Code	646
Local Phone Number	580-3456
Title of 12(b) Security	Title of each classClass A Common Stock, $0.0001 par value per share
Trading Symbol	SQSP
Security Exchange Name	NYSE
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	true
Entity Ex Transition Period	false
Entity Shell Company	false
Amendment Flag	false
Entity Central Index Key	0001496963
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	Q2
Class A Common Stock
Document Information [Line Items]
Entity Common Stock, Shares Outstanding	87,723,667
Class B Common Stock
Document Information [Line Items]
Entity Common Stock, Shares Outstanding	47,844,755
Class C Common Stock
Document Information [Line Items]
Entity Common Stock, Shares Outstanding	0

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Current assets:
Cash and cash equivalents	$ 274,004	$ 197,037
Restricted cash	34,272	35,583
Investment in marketable securities	0	31,757
Accounts receivable, net	9,748	10,748
Due from vendors	3,030	4,442
Prepaid expenses and other current assets	51,305	48,326
Total current assets	372,359	327,893
Property and equipment, net	53,874	51,633
Operating lease right-of-use assets	82,247	86,824
Goodwill	210,438	210,438
Intangible assets, net	35,118	42,808
Other assets	12,376	10,921
Total assets	766,412	730,517
Current liabilities:
Accounts payable	4,782	12,987
Accrued liabilities	83,222	64,360
Deferred revenue	308,662	269,689
Funds payable to customers	36,713	38,845
Debt, current portion	40,758	40,758
Operating lease liabilities, current portion	12,104	11,514
Total current liabilities	486,241	438,153
Deferred income taxes, non-current portion	912	788
Debt, non-current portion	453,230	473,167
Operating lease liabilities, non-current portion	104,020	110,169
Other liabilities	13,205	11,231
Total liabilities	1,057,608	1,033,508
Commitments and contingencies (see Note 10)
Stockholders’ deficit:
Additional paid in capital	883,192	875,737
Accumulated other comprehensive loss	(1,487)	(1,665)
Accumulated deficit	(1,172,914)	(1,177,076)
Total stockholders’ deficit	(291,196)	(302,991)
Total liabilities and stockholders’ deficit	766,412	730,517
Class A common stock, par value of $0.0001; 1,000,000,000 shares authorized as of June 30, 2023 and December 31, 2022, respectively; 87,723,667 and 87,754,534 shares issued and outstanding as of June 30, 2023 and December 31, 2022, respectively
Stockholders’ deficit:
Common stock	8	8
Class B common stock, par value of $0.0001; 100,000,000 shares authorized as of June 30, 2023 and December 31, 2022, respectively; 47,844,755 shares issued and outstanding as of June 30, 2023 and December 31, 2022, respectively
Stockholders’ deficit:
Common stock	5	5
Class C common stock (authorized May 10, 2021), par value of $0.0001; 1,000,000,000 shares authorized as of June 30, 2023 and December 31, 2022, respectively; zero shares issued and outstanding as of June 30, 2023 and December 31, 2022, respectively
Stockholders’ deficit:
Common stock	$ 0	$ 0

CONDENSED CONSOLIDATED BALANC_2

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Jun. 30, 2023	Dec. 31, 2022
Class A Common Stock
Common stock, par value (in dollars per share)	$ 0.0001	$ 0.0001
Common stock, authorized (in shares)	1,000,000,000	1,000,000,000
Common stock, issued (in shares)	87,723,667	87,754,534
Common stock, outstanding (in shares)	87,723,667	87,754,534
Class B Common Stock
Common stock, par value (in dollars per share)	$ 0.0001	$ 0.0001
Common stock, authorized (in shares)	100,000,000	100,000,000
Common stock, issued (in shares)	47,844,755	47,844,755
Common stock, outstanding (in shares)	47,844,755	47,844,755
Class C Common Stock
Common stock, par value (in dollars per share)	$ 0.0001	$ 0.0001
Common stock, authorized (in shares)	1,000,000,000	1,000,000,000
Common stock, issued (in shares)	0	0
Common stock, outstanding (in shares)	0	0

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Income Statement [Abstract]
Revenue	$ 247,529	$ 212,702	$ 484,557	$ 420,464
Cost of revenue	43,167	36,993	86,117	73,642
Gross profit	204,362	175,709	398,440	346,822
Operating expenses:
Research and product development	61,412	58,829	119,982	116,157
Marketing and sales	75,373	68,743	177,045	181,649
General and administrative	30,909	39,190	63,249	75,171
Total operating expenses	167,694	166,762	360,276	372,977
Operating income/(loss)	36,668	8,947	38,164	(26,155)
Interest expense	(8,635)	(3,319)	(16,729)	(5,768)
Other income, net	2,038	6,217	1,198	7,728
Income/(loss) before (provision for)/benefit from income taxes	30,071	11,845	22,633	(24,195)
(Provision for)/benefit from income taxes	(26,411)	52,651	(18,471)	(4,169)
Net income/(loss)	$ 3,660	$ 64,496	$ 4,162	$ (28,364)
Net income/(loss) per share attributable to Class A, Class B and Class C common stockholders, basic (in dollars per share)	$ 0.03	$ 0.46	$ 0.03	$ (0.20)
Net income/(loss) per share attributable to Class A, Class B and Class C common stockholders, dilutive (in dollars per share)	$ 0.03	$ 0.45	$ 0.03	$ (0.20)
Weighted-average shares used in computing net income/(loss) per share attributable to Class A, Class B and Class C stockholders, basic (in shares)	135,302,409	140,082,038	135,111,072	139,754,453
Weighted-average shares used in computing net income/(loss) per share attributable to Class A, Class B and Class C stockholders, dilutive (in shares)	138,771,613	142,133,303	138,013,454	139,754,453

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME/LOSS - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Statement of Comprehensive Income [Abstract]
Net income/(loss)	$ 3,660	$ 64,496	$ 4,162	$ (28,364)
Other comprehensive (loss)/income
Foreign currency translation adjustment	(296)	(2,037)	(38)	(2,838)
Unrealized (loss)/gain on marketable securities, net of income taxes	0	(77)	216	(255)
Total other comprehensive (loss)/income	(296)	(2,114)	178	(3,093)
Total comprehensive income/(loss)	$ 3,364	$ 62,382	$ 4,340	$ (31,457)

CONDENSED CONSOLIDATED STATEM_3

CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' DEFICIT - USD ($) $ in Thousands	Total	Class A Common Stock	Class B Common Stock	Class C Common Stock	Common Stock Class A Common Stock	Common Stock Class B Common Stock	Common Stock Class C Common Stock	Additional Paid in Capital	Accumulated Other Comprehensive Income (Loss)	Accumulated Deficit
Beginning balance (in shares) at Dec. 31, 2021					90,826,625	48,344,755	0
Beginning balance at Dec. 31, 2021	$ (13,479)				$ 9	$ 5	$ 0	$ 911,570	$ (208)	$ (924,855)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Stock-based compensation	24,160							24,160
Stock option exercises (in shares)					343,687	0
Stock option exercises	1,141							1,141
Vested RSUs converted to common shares (in shares)					680,134
Taxes paid related to net share settlement of equity awards (in shares)					(287,455)
Taxes paid related to net share settlement of equity awards	(7,672)							(7,672)
Net income/(loss)	(92,860)							0		(92,860)
Total other comprehensive income (loss), net of taxes	(979)								(979)
Ending balance (in shares) at Mar. 31, 2022					91,562,991	48,344,755	0
Ending balance at Mar. 31, 2022	(89,689)				$ 9	$ 5	$ 0	929,199	(1,187)	(1,017,715)
Beginning balance (in shares) at Dec. 31, 2021					90,826,625	48,344,755	0
Beginning balance at Dec. 31, 2021	(13,479)				$ 9	$ 5	$ 0	911,570	(208)	(924,855)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Repurchase of Class A common stock and retirement (in shares)		(1,562,460)
Repurchase and retirement of Class A common stock, consideration		$ 35,202
Net income/(loss)	(28,364)
Ending balance (in shares) at Jun. 30, 2022					91,246,588	47,844,755	0
Ending balance at Jun. 30, 2022	(42,086)				$ 9	$ 5	$ 0	914,420	(3,301)	(953,219)
Beginning balance (in shares) at Mar. 31, 2022					91,562,991	48,344,755	0
Beginning balance at Mar. 31, 2022	(89,689)				$ 9	$ 5	$ 0	929,199	(1,187)	(1,017,715)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Stock-based compensation	27,056							27,056
Stock option exercises (in shares)					269,064	0
Stock option exercises	969							969
Vested RSUs converted to common shares (in shares)					827,149
Taxes paid related to net share settlement of equity awards (in shares)					(350,156)
Taxes paid related to net share settlement of equity awards	(7,602)							(7,602)
Repurchase of Class A common stock and retirement (in shares)		(1,562,460)			(1,562,460)
Repurchase and retirement of Class A common stock, consideration	(35,202)	$ 35,202						(35,202)
Conversion of Class B common stock to Class A common stock (in shares)					500,000	(500,000)	0
Net income/(loss)	64,496									64,496
Total other comprehensive income (loss), net of taxes	(2,114)								(2,114)
Ending balance (in shares) at Jun. 30, 2022					91,246,588	47,844,755	0
Ending balance at Jun. 30, 2022	(42,086)				$ 9	$ 5	$ 0	914,420	(3,301)	(953,219)
Beginning balance (in shares) at Dec. 31, 2022		87,754,534	47,844,755	0	87,754,534	47,844,755	0
Beginning balance at Dec. 31, 2022	(302,991)				$ 8	$ 5	$ 0	875,737	(1,665)	(1,177,076)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Stock-based compensation	22,595							22,595
Stock option exercises (in shares)					13,050
Stock option exercises	52							52
Vested RSUs converted to common shares (in shares)					1,357,462
Taxes paid related to net share settlement of equity awards (in shares)					(573,862)
Taxes paid related to net share settlement of equity awards	(13,369)							(13,369)
Repurchase of Class A common stock and retirement (in shares)					(1,256,170)
Repurchase and retirement of Class A common stock, consideration	(25,321)							(25,321)
Excise tax on repurchase of Class A common stock	(277)							(277)
Net income/(loss)	502									502
Total other comprehensive income (loss), net of taxes	474								474
Ending balance (in shares) at Mar. 31, 2023					87,295,014	47,844,755	0
Ending balance at Mar. 31, 2023	(318,335)				$ 8	$ 5	$ 0	859,417	(1,191)	(1,176,574)
Beginning balance (in shares) at Dec. 31, 2022		87,754,534	47,844,755	0	87,754,534	47,844,755	0
Beginning balance at Dec. 31, 2022	(302,991)				$ 8	$ 5	$ 0	875,737	(1,665)	(1,177,076)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Repurchase of Class A common stock and retirement (in shares)		(1,256,170)
Repurchase and retirement of Class A common stock, consideration		$ (25,321)
Net income/(loss)	4,162
Ending balance (in shares) at Jun. 30, 2023		87,723,667	47,844,755	0	87,723,667	47,844,755	0
Ending balance at Jun. 30, 2023	(291,196)				$ 8	$ 5	$ 0	883,192	(1,487)	(1,172,914)
Beginning balance (in shares) at Mar. 31, 2023					87,295,014	47,844,755	0
Beginning balance at Mar. 31, 2023	(318,335)				$ 8	$ 5	$ 0	859,417	(1,191)	(1,176,574)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Stock-based compensation	30,648							30,648
Stock option exercises (in shares)					21,635
Stock option exercises	42							42
Vested RSUs converted to common shares (in shares)					640,562
Taxes paid related to net share settlement of equity awards (in shares)					(233,544)
Taxes paid related to net share settlement of equity awards	(6,915)							(6,915)
Net income/(loss)	3,660									3,660
Total other comprehensive income (loss), net of taxes	(296)								(296)
Ending balance (in shares) at Jun. 30, 2023		87,723,667	47,844,755	0	87,723,667	47,844,755	0
Ending balance at Jun. 30, 2023	$ (291,196)				$ 8	$ 5	$ 0	$ 883,192	$ (1,487)	$ (1,172,914)

CONDENSED CONSOLIDATED STATEM_4

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
OPERATING ACTIVITIES:
Net income/(loss)	$ 4,162	$ (28,364)
Adjustments to reconcile net income/(loss) to net cash provided by operating activities:
Depreciation and amortization	14,477	15,869
Stock-based compensation	51,605	50,957
Deferred income taxes	124	0
Non-cash lease (income)/expense	(989)	638
Other	310	502
Changes in operating assets and liabilities:
Accounts receivable and due from vendors	2,364	(1,701)
Prepaid expenses and other current assets	(1,480)	(3,021)
Accounts payable and accrued liabilities	9,822	9,260
Deferred revenue	38,030	30,294
Funds payable to customers	(2,131)	9,456
Other operating assets and liabilities	408	(207)
Net cash provided by operating activities	116,702	83,683
INVESTING ACTIVITIES:
Proceeds from the sale and maturities of marketable securities	39,664	15,940
Purchases of marketable securities	(7,824)	(17,016)
Purchase of property and equipment	(7,167)	(5,735)
Net cash provided by/(used in) investing activities	24,673	(6,811)
FINANCING ACTIVITIES:
Principal payments on debt	(20,379)	(6,793)
Payments for repurchase and retirement of Class A common stock	(25,321)	(35,202)
Taxes paid related to net share settlement of equity awards	(20,318)	(15,269)
Proceeds from exercise of stock options	134	2,110
Net cash used in financing activities	(65,884)	(55,154)
Effect of exchange rate changes on cash, cash equivalents, and restricted cash	165	(600)
Net increase in cash, cash equivalents and restricted cash	75,656	21,118
Cash, cash equivalents, and restricted cash at the beginning of the period	232,620	233,680
Cash, cash equivalents, and restricted cash at the end of the period	308,276	254,798
Reconciliation of cash, cash equivalents, and restricted cash:
Cash and cash equivalents	274,004	215,092
Restricted cash	34,272	39,706
Cash, cash equivalents, and restricted cash at the end of the period	308,276	254,798
SUPPLEMENTAL DISCLOSURE OF CASH FLOW
Cash paid during the year for interest	16,360	5,247
Cash paid during the year for income taxes	22,902	5,968
SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING AND FINANCE ACTIVITIES
Purchases of property and equipment included in accounts payable and accrued liabilities	196	1,582
Non-cash leasehold improvements	0	5,679
Capitalized stock-based compensation	$ 1,638	$ 259

Description of Business

Description of Business	6 Months Ended
	Jun. 30, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Description of Business	Description of Business Squarespace, Inc. and its subsidiaries (the “Company”) is a leading all-in-one platform for businesses and independent creators to build an online presence, grow their brands and manage their businesses across the internet. The Company offers websites, domains, e-commerce, tools for managing a social media presence, marketing tools, scheduling and hospitality services. The Company is headquartered in New York, NY, with additional offices operating in Chicago, IL, Dublin, Ireland, and Aveiro, Portugal. Emerging Growth Company Status The Company is an emerging growth company, as defined in the Jumpstart Our Business Startups Act of 2012 (the “JOBS Act”). Under the JOBS Act, emerging growth companies can delay adopting new or revised accounting standards issued subsequent to the enactment of the JOBS Act, until such time as those standards apply to private companies. The Company has elected to use this extended transition period for complying with new or revised accounting standards that have different effective dates for public and private companies until the earlier of the date that the Company (i) is no longer an emerging growth company or (ii) affirmatively and irrevocably opts out of the extended transition period provided in the JOBS Act. As a result, the Company’s condensed consolidated financial statements may not be comparable to financial statements of issuers who are required to comply with the effective dates for new or revised accounting standards based on public company effective dates. The Company will remain an emerging growth company until the earliest of (i) the last day of the fiscal year in which the Company’s total annual gross revenue is at least $1,235,000, (ii) the last day of the fiscal year following the fifth anniversary of the completion of the Company's direct listing, (iii) the date on which the Company issued more than $1,000,000 in non-convertible debt securities during the prior three-year period, or (iv) the date on which the Company becomes a large accelerated filer.

Summary of Significant Accounti

Summary of Significant Accounting Policies	6 Months Ended
	Jun. 30, 2023
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	Summary of Significant Accounting Policies Basis of Presentation and Consolidation The Company’s condensed consolidated financial statements and related notes have been prepared in accordance with generally accepted accounting principles in the United States (“U.S. GAAP”) and include the Company’s wholly-owned subsidiaries. All intercompany accounts and transactions have been eliminated in consolidation. Certain information and note disclosures normally included in financial statements prepared in accordance with U.S. GAAP have been condensed or omitted pursuant to the applicable rules and regulations of the Securities and Exchange Commission. The condensed balance sheet data as of December 31, 2022 was derived from the Company's audited financial statements but does not include all disclosures required by U.S. GAAP. Therefore, these unaudited, condensed, consolidated financial statements and accompanying notes should be read in conjunction with the Company's annual consolidated financial statements and related notes included in the Company's Annual Report on Form 10-K filed with the SEC on March 9, 2023. In the opinion of management, the condensed consolidated financial statements reflect all adjustments, consisting only of normal recurring adjustments, which are necessary for the fair statement of the Company’s financial information. Use of Estimates The preparation of the condensed consolidated financial statements in conformity with U.S. GAAP requires management to make estimates, judgments and assumptions that affect the amounts reported in the condensed consolidated financial statements and accompanying notes. Management’s estimates are based on historical experience and on various other market-specific and relevant assumptions that management believes to be reasonable under the circumstances. Actual results could differ from those estimates. Significant estimates include but are not limited to (i) the recognition and measurement of loss contingencies; (ii) the inputs used in the valuation of acquired intangible assets; (iii) the inputs used in the quantitative assessment over goodwill impairment (iii) the grant date fair value of stock-based awards; (iv) the recognition, measurement and valuation of current and deferred income taxes; (v) existence of applicable indirect tax nexus in different jurisdictions and associated indirect tax liabilities; and (vi) the incremental borrowing rate for operating lease liabilities. The Company evaluates its assumptions and estimates on an ongoing basis and adjusts prospectively, if necessary. Concentration of Risks Related to Credit, Interest Rates and Foreign Currencies The Company is subject to credit risk, interest rate risk on its outstanding indebtedness, market risk on investments and foreign currency risk in connection with the Company’s operations internationally. The Company maintains the components of its cash and cash equivalents balance in various accounts, which from time to time exceed the federal depository insurance coverage limit. In addition, substantially all cash and cash equivalents are held by three financial institutions. The Company has not experienced any concentration losses related to its cash, cash equivalents and marketable securities to date. As of June 30, 2023 and December 31, 2022, no single customer accounted for more than 10% of the Company’s accounts receivable. Additionally, no single customer accounted for more than 10% of the Company’s revenue during the three and six months ended June 30, 2023 and 2022. The Company is also subject to foreign currency risks that arise from normal business operations. Foreign currency risks include the translation of local currency and intercompany balances established in local customer currencies sold through the Company's international subsidiaries. Cash and Cash Equivalents Cash and cash equivalents are stated at fair value. The Company considers all highly liquid investments purchased with an original maturity date of 90 days or less from the date of original purchase to be cash equivalents. Interest income on cash and cash equivalents was $1,472 and $2,534 for the three and six months ended June 30, 2023, respectively, and $216 and $317 for the three and six months ended June 30, 2022, respectively, and was included in other income, net in the condensed consolidated statements of operations. Restricted Cash and Payment Processing Transactions The Company processes certain payments and holds funds for its hospitality services on behalf of its restaurant customers consisting of diner prepayments for restaurant reservations as well as to-go orders. While the Company does not have any contractual obligations to hold such cash as restricted, the diner prepayments and associated sales tax are included in restricted cash in the condensed consolidated balance sheets as of June 30, 2023 and December 31, 2022. In addition, the Company recognizes the liability due to restaurant customers in funds payable to customers and the associated sales tax payable in accrued liabilities in the condensed consolidated balance sheets as of June 30, 2023 and December 31, 2022. Funds are remitted to the restaurant customers based on the stipulated contract terms. In addition to restricted cash held on behalf of restaurant customers, the Company recognizes in-transit receivables from certain third-party vendors which assist in processing and settling payment transactions due to a clearing period before the related cash is received or settled. In-transit receivables are included in due from vendors in the condensed consolidated balance sheets as of June 30, 2023 and December 31, 2022. The following table represents the assets and liabilities related to payment processing transactions: June 30, 2023 December 31, 2022 Restricted cash $ 34,272 $ 35,583 Due from vendors 3,030 4,442 Total payment processing assets 37,302 40,025 Funds payable to customers (36,713) (38,845) Sales tax payable (589) (1,180) Total payment processing liabilities (37,302) (40,025) Total payment processing transactions, net $ — $ — Fair Value of Financial Instruments Fair value is defined as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. Valuation techniques used to measure fair value must maximize the use of observable inputs and minimize the use of unobservable inputs. Accounting Standards Codification (“ASC”) Topic 820, Fair Value Measurement, describes a fair value hierarchy based on three levels of inputs, of which the first two are considered observable and the last unobservable, that may be used to measure fair value. The three-level hierarchy for fair value measurements is defined as follows: Level 1 Inputs to the valuation methodology are quoted prices (unadjusted) for identical assets or liabilities in active markets; Level 2 Inputs to the valuation methodology include quoted prices for similar assets and liabilities in active markets, and inputs that are observable for the asset or liability other than quoted prices, either directly or indirectly, including inputs in markets that are not considered to be active; and Level 3 Inputs to the valuation methodology are unobservable and significant to the fair value measurement. See “Note 5. Fair Value of Financial Instruments” for further information. Leases The Company adopted ASC Topic 842, Leases ("ASC Topic 842"), as of January 1, 2022. The Company determines if an arrangement is or contains a lease at inception by assessing whether the arrangement conveys the right to control the use of an identified asset. The Company classifies, measures and recognizes a lease liability on the lease commencement date based on the present value of lease payments over the remaining lease term. As of June 30, 2023, the Company's leases were classified as operating leases. The Company uses an estimated incremental borrowing rate based on information available at the lease commencement date in determining the present value of future payments as the rate implicit in the lease is not generally known. The incremental borrowing rate is based on the rate of interest the Company would have to pay to borrow on a collateralized basis over a similar term an amount equal to the lease payments in a similar economic environment. Operating right-of-use assets related to operating lease liabilities equal the amount of the initial measurement of the lease liability adjusted for any initial direct costs, prepaid rent and lease incentives received. Lease terms that are used in determining operating lease liabilities at lease inception may include options to extend or terminate the leases and when it is reasonably certain that the Company will exercise such options. Operating lease expense is recorded on a straight-line basis over the lease term. The straight-line expense is allocated within the condensed consolidated statements of operations based on departmental employee headcount. Variable lease costs are recognized as incurred and allocated within the condensed consolidated statements of operations based on departmental employee headcount. The Company has applied practical expedients for lease agreements with lease and non-lease components, and in such cases, accounts for the components as a single lease component. The Company has also elected not to recognize operating right-of-use assets and operating lease liabilities for any lease with an original lease term of less than one year. Operating lease right-of-use assets are included in non-current assets on the condensed consolidated balance sheets for the entire lease term. The Company includes the portion of the total lease payments, net of implicit interest, that are due in the next 12 months in current liabilities and the remaining portion in non-current liabilities on the condensed consolidated balance sheets. The difference between straight-line lease expense and the cash paid for leases is included as non-cash lease expense in the adjustments to reconcile net loss to net cash provided by operating activities on the condensed consolidated statements of cash flows. Operating sublease income is recognized on a straight-line basis over the sublease term and is allocated within the condensed consolidated statements of operations based on departmental employee headcount. See “Note 11. Leases” for further information on impairment losses on leases recorded during the year ended December 31, 2022. Net Income/(Loss) Per Share Attributable to Class A, Class B and Class C Common Stockholders Basic net income/(loss) per share is computed by dividing net income/(loss) attributable to Class A, Class B and Class C common stockholders by the weighted-average number of shares of the Company’s Class A, Class B and Class C common stock outstanding. Diluted net income/(loss) per share attributable to Class A, Class B and Class C common stockholders is computed by giving effect to all dilutive securities. Diluted net income/(loss) per share attributable to Class A, Class B and Class C common stockholders is computed by dividing the resulting net income/(loss) attributable to Class A, Class B and Class C common stockholders by the weighted-average number of fully diluted Class A, Class B and Class C common shares outstanding. The Company used the if-converted method as though the conversion, exchange or vesting, respectively, had occurred as of the beginning of the period or the original date of issuance, if later. During periods when there is a net loss attributable to Class A, Class B and Class C common stockholders, potentially dilutive Class A, Class B and Class C common stock equivalents are excluded from the calculation of diluted net loss per share attributable to Class A, Class B and Class C common stockholders as their effect is anti-dilutive. If the effect of a conversion of an instrument is neutral to earnings per share, the Company considers the security to be dilutive. Recently Issued Accounting Pronouncements Under the JOBS Act, emerging growth companies can delay adopting new or revised accounting standards issued subsequent to the enactment of the JOBS Act, until such time as those standards apply to private companies. The Company has elected to use this extended transition period for complying with new or revised accounting standards that have different effective dates for public and private companies. See “Note 1. Description of Business” for further information on the Company's status as an emerging growth company. Accounting Pronouncements Recently Adopted In October 2021, the FASB issued ASU 2021-08, Business Combinations (Topic 805): Accounting for Contract Assets and Contract Liabilities from Contracts with Customers ("ASC 2021-08"). This standard requires that an entity recognize and measure contract assets and contract liabilities acquired in a business combination in accordance with ASC Topic 606, Revenue from Contracts with Customers, as if the acquirer had originated the contracts. ASU 2021-08 is effective for fiscal years and interim periods in those years beginning after December 15, 2022 for nonpublic entities with early adoption permitted. The Company adopted this standard as of January 1, 2023, however, as the Company has not completed any acquisitions subsequent to the date of adoption, the adoption of this standard did not have a material impact on the Company’s condensed consolidated financial statements. In December 2022, the FASB issued ASU No. 2022-06, Reference Rate Reform (Topic 848) : Deferral of the Sunset Date of Topic 848. This standard defers the sunset date of Topic 848 from December 31, 2022, to December 31, 2024, after which entities will no longer be permitted to apply the relief in Topic 848. ASU No. 2022-06 is effective upon issuance of this update for all entities that have contracts, hedging relationships, and other transactions that reference LIBOR or another reference rate expected to be discontinued because of reference rate reform. The Company adopted this standard as of December 31, 2022. The Company replaced LIBOR as the benchmark rate with SOFR as of June 30, 2023. See “Note 8. Debt" for further information. The adoption of this standard did not have a material impact on the Company’s condensed consolidated financial statements.

Revenue

Revenue	6 Months Ended
	Jun. 30, 2023
Revenue from Contract with Customer [Abstract]
Revenue	Revenue The Company primarily derives revenue from annual and monthly subscriptions. Revenue is also derived from non-subscription services, including fixed percentages or fixed-fees earned on revenue share arrangements with third-parties and on sales made through our customers’ sites. The Company has disaggregated revenue from contracts with customers by product type, subscription type, revenue recognition pattern, and geography as these categories depict the nature, amount, timing and uncertainty of revenue and how cash flows are affected by economic factors. The Company disaggregates revenue by product type as follows: Presence Presence revenue primarily consists of fixed-fee subscriptions to the Company’s plans that offer core platform functionalities, currently branded “Personal” and “Business” plans. Presence revenue also consists of fixed-fee subscriptions related to additional entry points for starting online such as domain managed services and social media stories. Additionally, presence revenue is derived from third-party solutions related to email services and access to third-party content to enhance online presence. For customers in need of a larger scale solution, the Company has an enterprise offering, and revenue is recognized over the life of the contract. Commerce Commerce revenue primarily consists of fixed-fee subscriptions to the Company’s plans that offer all the features of presence plans as well as additional features that support end to end commerce transactions, currently branded “Basic” and “Advanced” plans. Commerce revenue also includes fixed-fee subscriptions to a number of other tools that support running an online business such as marketing, member areas, scheduling and hospitality tools. Non-subscription revenue is derived from fixed-fees earned on revenue share arrangements with commerce partners as well as fixed transaction fees earned on gross merchandise value ("GMV") processed through Business plan sites and certain hospitality offerings. Commerce revenue also includes payment processing fees received for use of the Company’s hospitality services. Revenue by Product Type, Subscription Type and Revenue Recognition Pattern The following tables summarize revenue by product type, subscription type, and revenue recognition pattern for the periods presented: Three Months Ended June 30, 2023 Six Months Ended June 30, 2023 Presence Commerce Total Presence Commerce Total Subscription revenue Transferred over time $ 167,335 $ 56,807 $ 224,142 $ 326,915 $ 110,863 $ 437,778 Transferred at a point in time 3,857 — 3,857 8,001 — 8,001 Non-subscription revenue Transferred over time 822 832 1,654 1,421 1,727 3,148 Transferred at a point in time 60 17,816 17,876 128 35,502 35,630 Total revenue $ 172,074 $ 75,455 $ 247,529 $ 336,465 $ 148,092 $ 484,557 Three Months Ended June 30, 2022 Six Months Ended June 30, 2022 Presence Commerce Total Presence Commerce Total Subscription revenue Transferred over time $ 142,603 $ 48,867 $ 191,470 $ 282,379 $ 95,922 $ 378,301 Transferred at a point in time 3,391 — 3,391 7,049 — 7,049 Non-subscription revenue Transferred over time 442 905 1,347 840 1,751 2,591 Transferred at a point in time 95 16,399 16,494 208 32,315 32,523 Total revenue $ 146,531 $ 66,171 $ 212,702 $ 290,476 $ 129,988 $ 420,464 Revenue by Geography Revenue by geography is based on the customer’s self-reported country identifier or, if not available, the billing address or IP address, and was as follows: Three Months Ended June 30, Six Months Ended June 30, 2023 2022 2023 2022 United States $ 177,195 $ 152,354 $ 346,949 $ 299,174 International 70,334 60,348 137,608 121,290 Total revenue $ 247,529 $ 212,702 $ 484,557 $ 420,464 Currently no individual country contributes greater than 10% of total international revenue. Deferred Revenue The deferred revenue balance as of June 30, 2023 and December 31, 2022 represents the Company’s aggregate remaining performance obligations that are expected to be recognized as revenue in subsequent periods. Generally, the Company’s contracts are for one year or less and the value for contracts with terms greater than one year is not material. The change in deferred revenue primarily reflects cash payments received during the period for which the performance obligation was not satisfied prior to the end of the period partially offset by $79,714 and $203,843 of revenues recognized during the three and six months ended June 30, 2023, respectively, and $69,507 and $178,129 during the three and six months ended June 30, 2022, respectively. Capitalized Contract Costs Assets capitalized related to contract costs consisted of the following: June 30, 2023 December 31, 2022 Capitalized referral fees, current $ 7,184 $ 6,368 Capitalized referral fees, non-current 9,234 8,168 Capitalized app fees, current 942 971 Sales commissions, current 494 479 Sales commissions, non-current 147 159 Total capitalized contract costs $ 18,001 $ 16,145 Amortization of capitalized contract costs was $3,361 and $6,289 for the three and six months ended June 30, 2023, respectively, and $2,607 and $5,236 for the three and six months ended June 30, 2022, respectively, and was included in marketing and sales in the condensed consolidated statements of operations. There were no impairment charges recognized related to capitalized contract costs for the three and six months ended June 30, 2023 and 2022. Obligations for Returns, Refunds and Other Similar Obligations The Company did not have any material change in revenue recognition from a previous period due to refunds, change in transaction price or other consideration variables. As of June 30, 2023 and December 31, 2022, obligations for refunds were $472 and $400, respectively, and were included in accrued liabilities in the condensed consolidated balance sheets.

Investment in Marketable Securi

Investment in Marketable Securities	6 Months Ended
	Jun. 30, 2023
Investments, Debt and Equity Securities [Abstract]
Investment in Marketable Securities	Investment in Marketable Securities As of June 30, 2023, the Company did not own available-for-sale (“AFS”) marketable securities in the form of corporate bonds and commercial paper, asset backed securities or U.S. treasuries. The following tables represent the amortized cost, gross unrealized gains and losses and fair market value of the Company’s AFS marketable securities as of December 31, 2022: December 31, 2022 Amortized Gross Unrealized Gains Gross Unrealized Losses Aggregate Fair Value Corporate bonds and commercial paper $ 19,849 $ — $ (74) $ 19,775 Asset backed securities 2,219 1 (12) 2,208 U.S. treasuries 9,905 — (131) 9,774 Total investment in marketable securities $ 31,973 $ 1 $ (217) $ 31,757 The Company's gross unrealized losses and fair values for those investments that were in an unrealized loss position as of December 31, 2022, aggregated by investment category and the length of time that individual securities have been in a continuous loss position are as follows: December 31, 2022 Less than 12 months 12 months or Greater Total Aggregate Fair Value Gross Unrealized Losses Aggregate Fair Value Gross Unrealized Losses Aggregate Fair Value Gross Unrealized Losses Corporate bonds and commercial paper $ 14,768 $ (25) $ 5,007 $ (49) $ 19,775 $ (74) Asset backed securities $ 2,208 $ (12) $ — $ — $ 2,208 $ (12) U.S. treasuries $ 3,873 $ (29) $ 5,901 $ (102) $ 9,774 $ (131) Total investment in marketable securities $ 20,849 $ (66) $ 10,908 $ (151) $ 31,757 $ (217) The Company did not recognize any unrealized losses related to marketable securities during the three months ended June 30, 2023. The Company recognized unrealized losses of $216 related to its AFS securities during the six months ended June 30, 2023, and $77 and $255 during the three and six months ended June 30, 2022, respectively. The unrealized losses were due to changes in market rates and the Company has determined the losses are temporary in nature. These unrealized losses were classified in accumulated other comprehensive loss in the condensed consolidated balance sheets as of June 30, 2023 and December 31, 2022. The Company reviews AFS marketable securities on a recurring basis to evaluate whether or not any securities have experienced an other-than-temporary decline in fair value. Some factors considered in establishing an expected credit loss on AFS marketable securities are the length of time and extent to which the market value has been less than the cost, the financial condition and near-term prospects of the issuer, the Company's intent to sell, and whether it is more likely than not the Company will be required to sell the investment before recovery of the investments amortized cost basis. The Company did not have any AFS marketable securities for which an expected credit loss has been recorded as the Company's AFS marketable securities with an amortized cost basis lower than fair value were not considered other-than-temporary declines in fair value. In the instance that the Company has AFS marketable securities at an amortized cost basis lower than fair value, the Company does not intend to sell, nor is it more-likely-than not the Company would be required to sell the AFS marketable security prior to recovery. The contractual maturities of the investments classified as marketable securities were as follows: December 31, 2022 Due within 1 year $ 28,564 Due in 1 year through 5 years 3,193 Total investment in marketable securities $ 31,757

Fair Value of Financial Instrum

Fair Value of Financial Instruments	6 Months Ended
	Jun. 30, 2023
Fair Value Disclosures [Abstract]
Fair Value of Financial Instruments	Fair Value of Financial Instruments A summary of the Company’s investments in marketable securities (including, if applicable, those marketable securities classified as cash and cash equivalents) were as follows: June 30, 2023 Level 1 Level 2 Level 3 Total Cash equivalents Money market funds $ 126,921 $ — $ — $ 126,921 Total $ 126,921 $ — $ — $ 126,921 December 31, 2022 Level 1 Level 2 Level 3 Total Cash equivalents Money market funds $ 82,584 $ — $ — $ 82,584 Available-for-sale debt securities Corporate bonds and commercial paper — 19,775 — 19,775 Asset backed securities — 2,208 — 2,208 U.S. treasuries 9,774 — — 9,774 Total $ 92,358 $ 21,983 $ — $ 114,341 The Company’s valuation techniques used to measure the fair value of money market funds and certain AFS marketable securities were derived from quoted prices in active markets for identical assets. The valuation techniques used to measure the fair value of the Company’s other debt securities, all of which have counterparties with high credit ratings, were valued based on quoted market prices or model driven valuations using significant inputs derived from or corroborated by observable market data. There were no transfers of financial instruments between Level 1, Level 2, and Level 3 during the periods presented. For certain other financial instruments, including accounts receivable, accounts payable and accrued liabilities, the carrying amounts approximate the fair value of such instruments due to the relatively short maturity of these balances. The Company records debt obligations at their approximate fair values as they are based upon rates available to the Company for obligations of similar terms and maturities.

Prepaid Expenses and Other Curr

Prepaid Expenses and Other Current Assets	6 Months Ended
	Jun. 30, 2023
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Prepaid Expenses and Other Current Assets	Prepaid Expenses and Other Current Assets Prepaid expenses and other current assets consisted of the following: June 30, 2023 December 31, 2022 Prepaid advertising expenses $ 1,496 $ 7,045 Prepaid income taxes 23,585 17,134 Prepaid operational expenses 16,356 14,780 Prepaid referrals, current 7,184 6,368 Other current assets 2,684 2,999 Total prepaid expenses and other current assets $ 51,305 $ 48,326

Accrued Liabilities

Accrued Liabilities	6 Months Ended
	Jun. 30, 2023
Payables and Accruals [Abstract]
Accrued Liabilities	Accrued Liabilities Accrued liabilities consisted of the following: June 30, 2023 December 31, 2022 Accrued marketing expenses $ 22,497 $ 14,620 Accrued indirect taxes 34,897 33,486 Accrued product expenses 14,361 4,524 Accrued payroll expense 4,100 4,985 Other accrued expenses 7,367 6,745 Total accrued liabilities $ 83,222 $ 64,360

Debt

Debt	6 Months Ended
	Jun. 30, 2023
Debt Disclosure [Abstract]
Debt	Debt Debt outstanding as of June 30, 2023 and December 31, 2022 was as follows: June 30, 2023 December 31, 2022 Term Loan $ 495,887 $ 516,266 Less: unamortized original issue discount (1,555) (1,917) Less: unamortized deferred financing costs (344) (424) Less: debt, current (40,758) (40,758) Total debt, non-current $ 453,230 $ 473,167 Credit Facility On December 12, 2019 (the “Closing Date”), the Company entered into a credit agreement (the “2019 Credit Agreement”) with certain lending institutions (the “2019 Credit Facility”) which included Initial Term A Loans for $350,000 (“2019 Term Loan”) and Revolving Credit Loans of up to $25,000 (“2019 Revolving Credit Facility”), which included a Letters of Credit sub-facility available up to a total of $15,000 (“2019 Letter of Credit”). On December 11, 2020, the Company amended the 2019 Credit Agreement (“2020 Credit Agreement”) to increase the total size of the 2019 Term Loan to $550,000 (collectively, the “2020 Term Loan”) with the same lending institutions as the 2019 Credit Facility (collectively, the “Credit Facility”) and extend the maturity date for the 2020 Term Loan and the 2019 Revolving Credit Facility (as extended, the "Revolving Credit Facility") to December 11, 2025 (collectively, the “2020 Modification”). Borrowings under the Credit Facility were subject to an interest rate equal to LIBOR plus the applicable margin based on our Consolidated Total Debt to Consolidated EBITDA ratio. On June 15, 2023, the Company amended the 2020 Credit Agreement to, among other things, replace LIBOR as the benchmark rate with SOFR, effective June 30, 2023, and establish additional term loan commitments in an aggregate principal amount of $100,000. The loans will fund on the closing date of the Google Domains asset acquisition, which is subject to certain regulatory approvals and customary closing conditions. See “Note 10. Commitments and Contingencies” for further information on the definitive asset purchase agreement with Google LLC (“Google”). The applicable margin was 1.50% and 1.50% as of June 30, 2023 and 2022, respectively. The effective interest rate for the Company’s final LIBOR payment, made on June 22, 2023, was 6.69%. The effective interest rate was 6.70% and 3.19% as of June 30, 2023 and 2022, respectively. As of June 30, 2023, $7,255 was outstanding under the Revolving Credit Facility in the form of outstanding letters of credit and $17,745 remained available for borrowing by the Company. The letters of credit issued as of June 30, 2023 were related to certain of the Company's operating lease agreements for offices that require security deposits in the form of an irrevocable letter of credit. On September 7, 2022, the letter of credit for the Company's security deposit related to its New York, NY headquarters was reduced by $2,388 due to a scheduled step-down per the lease agreement. The letters of credit issued are subject to a fee equal to the interest rate on the Credit Facility. In addition, the Revolving Credit Facility is subject to an unused commitment fee of 0.20% to 0.25%, depending on the consolidated total debt to consolidated EBITDA ratio as defined by the 2020 Credit Agreement, payable quarterly to the lenders in respect of the unutilized commitments. The 2020 Credit Agreement contains certain customary affirmative covenants and events of default. The negative covenants in the Credit Facility include, among other items, limitations on the ability, subject to negotiated exceptions, to incur additional indebtedness or issue additional preferred stock of the Company, to create or issue certain liens on certain assets, to enter into agreements related to mergers and acquisitions, including the sale of certain assets or disposition of assets, or declare, make or pay dividends and distributions. The 2020 Credit Agreement contains certain negative covenants for an indebtedness to consolidated EBITDA ratio, as defined by the 2020 Credit Agreement, and commencing with December 31, 2020 and all fiscal quarters thereafter through maturity. As a result of the 2020 Modification, commencing with the fiscal quarter ended December 31, 2020, the Company is required to maintain an indebtedness to consolidated EBITDA ratio of not more than 4.50, tested as of the last day of each fiscal quarter, with a step-down to 4.25 for the fiscal quarters ending March 31, 2022 and June 30, 2022, a further step-down to 4.00 for the fiscal quarters ending September 30, 2022 and December 31, 2022 and a final step-down to 3.75 for the fiscal quarter ending March 31, 2023 and each fiscal quarter thereafter (the “Financial Covenant”), subject to customary equity cure rights. The Financial Covenant is subject to a 0.50 step-up in the event of a material permitted acquisition, which the Company can elect to implement up to two times during the life of the facility. The Company did not elect to implement this step-up as a result of the acquisition of Tock. If the Company is not in compliance with the covenants under the 2020 Credit Agreement or the Company otherwise experiences an event of default, the lenders would be entitled to take various actions, including acceleration of amounts due under the 2020 Credit Agreement. As of June 30, 2023, the Company was in compliance with all applicable covenants, including the Financial Covenant. Consolidated EBITDA is defined in the 2020 Credit Agreement as net income/(loss) adjusted to exclude interest expense, other income/(loss), net, benefit from/(provision for) income taxes, depreciation and amortization, and stock-based compensation expense. In addition, consolidated EBITDA also allows for other adjustments such as the exclusion of transaction costs, changes in deferred revenue, and other costs that may be considered non-recurring. Scheduled Principal Payments The scheduled principal payments required under the terms of the 2020 Credit Facility are as follows: Year Ending December 31, Amount Remainder of 2023 $ 20,379 2024 40,758 2025 434,750 Total $ 495,887

Income Taxes

Income Taxes	6 Months Ended
	Jun. 30, 2023
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes For interim periods, the Company generally uses the estimated annual effective tax rate method under which the Company determines its (provision for)/benefit from income taxes based on the current estimate of its annual effective tax rate plus the tax effect of discrete items occurring during the period. The estimated annual effective tax rate is based on forecasted annual results which may fluctuate due to significant changes in the forecasted or actual results and any other transaction that results in differing tax treatment. For the three and six months ended June 30, 2022, the Company departed from the estimated annual effective tax rate method and computed its benefit from/(provision for) income taxes using the discrete effective tax rate method (the "discrete method"), as allowed under ASC Topic 740, Income Taxes - Interim Reporting. The discrete method is applied when the application of the estimated annual effective tax rate is impractical because it is not possible to reliably estimate the annual effective tax rate. The discrete method treats the year-to-date period as if it were the annual period and determines the income tax expense or benefit on that basis. For the three months ended June 30, 2023 and 2022, the Company recorded an income tax expense of $26,411 and an income tax benefit of $52,651, respectively, which resulted in an effective tax rate of (87.8)% and 444.5%, respectively. For the six months ended June 30, 2023 and 2022, the Company recorded an income tax expense of $18,471 and $4,169, respectively, which resulted in an effective tax rate of (81.6)% and 17.2%, respectively. The Company’s effective income tax rate for the three and six months ended June 30, 2023 differed from the statutory rate of 21% primarily due to the change in the valuation allowance for deferred tax assets related primarily to the capitalization of research and development expenditures, nondeductible executive compensation, unrecognized tax benefits, state and local income taxes, and global intangible low-taxes income, partially offset by research and development tax credits, deduction from foreign-derived intangible income, and the effect of foreign operations. The Company’s effective income tax rate for the three and six months ended June 30, 2022 differed from the statutory rate of 21% primarily due to the change in the valuation allowance for deferred tax assets related primarily to the capitalization of research and development expenditures, nondeductible executive compensation, global intangible low-taxes income, unrecognized tax benefits, and the effect from foreign operations, partially offset by research and development tax credits, windfall on stock-based compensation, and deduction from foreign derived intangible income. The (provision for)/benefit from income taxes for the three and six months ended June 30, 2023 and 2022 also reflects a provision of the Tax Cuts and Jobs Act of 2017 becoming effective as of January 1, 2022 that requires companies to capitalize and amortize research and development expenditures rather than deduct the costs as incurred. As of June 30, 2023, the Company had unrecognized tax benefits of $12,928, of which $12,771 would affect the effective tax rate if recognized. Of the $12,928 of the unrecognized tax benefits as of June 30, 2023, $12,771 was recorded to other liabilities and the remaining balance was recorded as a reduction in the gross deferred tax assets, offset by a corresponding reduction in the valuation allowance. As of June 30, 2022, the Company had unrecognized tax benefits of $9,665, all of which would not affect the effective tax rate if recognized due to the Company's full valuation against all federal, state and foreign deferred tax assets that the Company believes will not be realizable on a more-likely-than-not basis. The increase was primarily due to tax positions taken during the current and prior periods. The Company is unable to reasonably estimate the timing of long-term payments or the amount by which the liability will increase or decrease. The Company believes that its unrecognized tax benefits as of June 30, 2023 will decrease by approximately $1,161 within the next twelve months due to expiring statutes of limitation. The Company’s policy is to classify accrued interest and penalties related to unrecognized tax benefits in the (provision for)/benefit from income taxes in the condensed consolidated statements of operations. As of June 30, 2023, accrued interest and penalties were $497 and there were no accrued interest and penalties as of June 30, 2022. The Company’s corporate federal income tax returns for the years ended December 31, 2012 through December 31, 2022 remain subject to examination by the Internal Revenue Service. The Company’s corporate income tax returns for the years ended December 31, 2017 through December 31, 2022 remain subject to examination by taxing authorities in various U.S. states and Ireland. In addition, in the U.S., any net operating losses or credits that were generated in prior years but utilized in open years may also be subject to examination. On August 16, 2022, President Biden signed the Inflation Reduction Act of 2022 (the "Inflation Reduction Act") into law. The Inflation Reduction Act contains certain tax measures, including a corporate alternative minimum tax of 15% on some large corporations and a nondeductible 1% excise tax on the net value of certain share repurchases made after December 31, 2022 by covered corporations. The Company recorded $277 related to the excise tax on share repurchases in additional paid in capital in the condensed consolidated balance sheet as of June 30, 2023. On December 15, 2022, the Ireland Finance Act 2022 was signed into Irish law. With the enactment of the Ireland Finance Act 2022, qualifying Ireland-related research and development tax credits do not depend on the generation of future taxable income. As a result, the Company determined these credits to be a credit to research and development expenses in the form of a government grant as analogized under International Accounting Standards 20, Accounting for Government Grants and Disclosure of Government Assistance . During the three and six months ended June 30, 2023, the Company recognized Ireland-related research and development tax credits of $338 and $614, respectively, as a reduction to research and product development in the condensed consolidated statements of operations.

Commitment and Contingencies

Commitment and Contingencies	6 Months Ended
	Jun. 30, 2023
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies Indirect Taxes The Company is subject to indirect taxation in some, but not all, of the various U.S. states and foreign jurisdictions in which it conducts business. Therefore, the Company has an obligation to charge, collect and remit Value Added Tax (“VAT”) or Goods and Services Tax (“GST”) in connection with certain foreign sales transactions and sales and use tax in connection with eligible sales to subscribers in certain U.S. states. On June 21, 2018, the U.S. Supreme Court overturned the physical presence nexus standard and held that states can require remote sellers to collect sales and use tax. In addition, U.S. states and foreign jurisdictions have and continue to enact laws which expand tax collection and remittance obligations that could apply to a platform like the Company's. As a result of these rulings, recently enacted laws, and the scope of the Company’s operations, taxing authorities continue to provide regulations that increase the complexity and risks to comply with such laws and could result in substantial liabilities, prospectively as well as retrospectively. Based on the information available, the Company continues to evaluate and assess the jurisdictions in which indirect tax nexus exists and believes that the indirect tax liabilities are adequate and reasonable. However, due to the complexity and uncertainty around the application of these rules by taxing authorities, results may vary materially from the Company’s expectations. The Company had an indirect tax liability of $34,897 and $33,486 as of June 30, 2023 and December 31, 2022, respectively, which is included in accrued liabilities in the condensed consolidated balance sheets. Purchase Obligations – Cloud-Computing Services and Software-as-a-Service As of June 30, 2023, the Company had outstanding non-cancelable purchase obligations with a term of 12 months or longer, mainly related to third-party cloud-computing as well as software-as-a-service services, as follows: Year Ending December 31, Amount Remainder of 2023 $ 7,122 2024 15,500 2025 18,000 Total $ 40,622 Definitive Asset Purchase Agreement – Google Domains On June 15, 2023, the Company entered into a definitive agreement with Google to acquire, among other things, all customer domain name registrations for which Google is the registrar or reseller for $180,000. In connection with the definitive agreement, the Company entered into an amendment to the 2020 Credit Agreement, dated June 15, 2023. The amendment, among other things, established additional term loan commitments in an aggregate principal amount of $100,000. The loans will fund on the closing date of the acquisition, which is subject to certain regulatory approvals and customary closing conditions. Certain Risks and Concentrations The Company’s revenues were principally generated from SaaS customers establishing their online presence. The market is highly competitive and rapidly changing. Significant changes in this industry, technological advances or changes in customer buying behavior could adversely affect the Company’s future operating results. Other The Company is subject to litigation and other claims that arise in the ordinary course of business. While the ultimate result of outstanding legal matters cannot presently be determined, the Company does not expect that the ultimate disposition will have a material adverse effect on its results of operations or financial condition. However, legal matters are inherently unpredictable and subject to significant uncertainties, some of which are beyond the Company’s control. Based on the Company’s current knowledge, the final outcome of any particular legal matter will not have a material adverse effect on the Company’s financial condition.

Leases

Leases	6 Months Ended
	Jun. 30, 2023
Leases [Abstract]
Leases	Leases The Company has operating leases for its office space with lease terms through 2034. Certain lease agreements include options to extend and/or terminate the lease. The Company's lease agreements do not contain terms and conditions of material restrictions, covenants, or residual value guarantees. Variable lease costs are comprised primarily of the Company's proportionate share of operating expenses and property taxes. On March 10, 2022, the Company entered into an agreement to sublease a portion of one of its office spaces in Chicago, IL through the existing termination date of May 30, 2023. The Company recorded sublease income related to the Chicago, IL office space sublease of $61 and $152 during the three and six months ended June 30, 2023, respectively, and $125 during the three and six months ended June 30, 2022. On March 31, 2022, the Company reassessed the useful life of its operating lease right-of-use asset related to its leased office space in Los Angeles, CA due to ceasing the use of the office space with no expected future benefit. As a result, the Company recorded an additional $258 of operating lease expense in the condensed consolidated statement of operations during the six months ended June 30, 2022. The components of operating lease expense, net recognized in the condensed consolidated statements of operations were as follows: Three Months Ended June 30, Six Months Ended June 30, 2023 2022 2023 2022 Operating lease costs Operating lease costs $ 3,417 $ 3,571 $ 6,872 $ 7,424 Variable lease costs 850 523 1,614 869 Short-term lease costs 67 32 142 48 Operating lease income Sublease income $ 129 $ 215 $ 311 $ 310 Total operating lease expense, net $ 4,205 $ 3,911 $ 8,317 $ 8,031 Supplemental disclosure of cash and non-cash operating activities related to operating leases were as follows: Six Months Ended June 30, 2023 2022 Cash paid for amounts included in the measurement of operating lease liabilities, net of cash received for lease incentives $ 7,861 $ 6,756 As of June 30, 2023, the weighted-average lease term and discount rate related to operating leases were as follows: June 30, 2023 Weighted-average remaining lease term (in years) 7.80 Weighted-average discount rate use in measuring operating lease liabilities 3.76 % As of June 30, 2023, maturities of operating lease liabilities were as follows: Year Ending December 31, Amount Remainder of 2023 $ 7,992 2024 16,491 2025 16,878 2026 17,602 2027 17,065 Thereafter 58,465 Total operating lease payments 134,493 Less: imputed interest (18,369) Total operating lease liabilities $ 116,124

Stockholders_ Deficit

Stockholders’ Deficit	6 Months Ended
	Jun. 30, 2023
Equity [Abstract]
Stockholders’ Deficit	Stockholders’ Deficit Class A Common Stock Each holder of shares of Class A common stock shall be entitled to one vote for each share held. As of June 30, 2023, the number of authorized shares of Class A common stock, par value $0.0001 per share, by the Company was 1,000,000,000. On May 10, 2022, the board of directors authorized a general share repurchase program of the Company’s Class A common stock of up to $200,000, with no fixed expiration (the "Stock Repurchase Plan"). These Class A common stock repurchases may occur in the open market, through privately negotiated transactions, through block purchases, other purchase techniques including the establishment of one or more plans under Rule 10b5-1 of the Securities Exchange Act of 1934 or by any combination of such methods. The timing and actual amount of shares repurchased will depend on a variety of different factors and may be modified, suspended or terminated at any time at the discretion of the board of directors. During the three months ended June 30, 2023, the Company did not repurchase shares under the Stock Repurchase Plan. During the six months ended June 30, 2023, the Company repurchased 1,256,170 shares and paid cash of $25,321, including commissions of $25, under the Stock Repurchase Plan through open market purchases at a weighted-average price per share of $22.04. During the three and six months ended June 30, 2022, the Company repurchased 1,562,460 shares for a total cash consideration of $35,202, including commissions of $34, under the Stock Repurchase Plan through open market purchases at a weighted-average price per share of $20.73. As of June 30, 2023, approximately $54,486 remained available for stock repurchase pursuant to the Stock Repurchase Plan. Class B Common Stock Each holder of shares of Class B common stock shall be entitled to ten votes for each share held. Each outstanding share of the Company's Class B common stock is convertible into one share of Class A common stock at any time. As of June 30, 2023, the number of authorized shares of Class B common stock, par value $0.0001 per share, by the Company was 100,000,000. Class C Common Stock As of June 30, 2023, the number of authorized shares of Class C common stock, par value $0.0001 per share, by the Company was 1,000,000,000. The board of directors has the authority, without stockholder approval except as required by the NYSE, to issue shares of the Company's Class C common stock. The Company's Class C common stock is not convertible into shares of Class A common stock or Class B common stock and has no voting rights. As of June 30, 2023, the Company has not issued any shares of its Class C common stock. Dividends The Company shall not declare or pay dividends on Class A common stock, Class B common stock or Class C common stock unless the same dividend or distribution with the same record date and payment dated shall be declared or paid on all shares of Class A, Class B and Class C common stock. During the three and six months ended June 30, 2023 and 2022, the Company did not declare any dividends.

Accumulated Other Comprehensive

Accumulated Other Comprehensive Loss	6 Months Ended
	Jun. 30, 2023
Equity [Abstract]
Accumulated Other Comprehensive Loss	Accumulated Other Comprehensive Loss Accumulated other comprehensive loss activity for the three and six months ended June 30, 2023 and 2022 was as follows: Foreign Currency Translation Adjustments Net Unrealized (Losses)/Gains on Marketable Securities Total Accumulated Other Comprehensive (Loss)/Income Balance at December 31, 2022 $ (1,449) $ (216) $ (1,665) Other comprehensive income before reclassifications 258 216 474 Other comprehensive income 258 216 474 Balance at March 31, 2023 $ (1,191) $ — $ (1,191) Other comprehensive loss before reclassifications $ (296) $ — $ (296) Other comprehensive loss (296) — (296) Balance at June 30, 2023 $ (1,487) $ — $ (1,487) Foreign Currency Translation Adjustments Net Unrealized Losses on Marketable Securities Total Accumulated Other Comprehensive Loss Balance at December 31, 2021 $ (170) $ (38) $ (208) Other comprehensive loss before reclassifications (801) (178) (979) Other comprehensive loss (801) (178) (979) Balance at March 31, 2022 $ (971) $ (216) $ (1,187) Other comprehensive loss before reclassifications $ (2,037) $ (77) $ (2,114) Other comprehensive loss (2,037) (77) (2,114) Balance at June 30, 2022 $ (3,008) $ (293) $ (3,301) Amounts reclassified out of accumulated other comprehensive loss, net of taxes, during the three and six months ended June 30, 2023 and 2022 were not material.

Stock-based Compensation

Stock-based Compensation	6 Months Ended
	Jun. 30, 2023
Share-Based Payment Arrangement [Abstract]
Stock-based Compensation	tock-based Compensation Stock Options Squarespace, Inc. Amended and Restated 2008 Equity Incentive Plan In January 2008, the Company established and approved the Squarespace, Inc. 2008 Equity Incentive Plan which was ratified in 2010 and was subsequently amended and restated in March 2016 (“the 2008 Plan”). Under the 2008 Plan, which covers certain employees and consultants, the Company granted shares of its Class B common stock in the form of stock options. After November 17, 2017, there were no additional grants from the 2008 Plan. Stock options in common stock exercised were 21,635 and 34,685 during the three and six months ended June 30, 2023, respectively, and 269,064 and 612,751 during the three and six months ended June 30, 2022, respectively. Cash consideration for stock options exercised was $42 and $134 during the three and six months ended June 30, 2023, respectively, and $969 and $2,110 during the three and six months ended June 30, 2022, respectively. Restricted Stock Units (RSUs) and Performance Stock Units (PSUs) Squarespace, Inc. 2017 Equity Incentive Plan On November 17, 2017, the Company’s board of directors approved the Squarespace, Inc. 2017 Equity Incentive Plan (“the 2017 Plan”). Under the 2017 Plan, the Company may grant shares of its Class A common stock in the form of RSUs, PSUs, stock options, stock appreciation rights and other stock awards. RSUs generally vest over four years and are measured based on the fair market value of the underlying Class A common stock on the date of grant, as determined by the Company’s board of directors. There were 147,635 and 606,832 shares that vested under the 2017 Plan of which 64,376 and 256,587 shares were reacquired in order to satisfy employee tax obligations during the three and six months ended June 30, 2023, respectively, and 733,488 and 1,413,622 shares that vested under the 2017 Plan of which 324,080 and 611,535 shares were reacquired in order to satisfy employee tax obligations during the three and six months ended June 30, 2022, respectively. After April 15, 2021, no additional grants were issued from the 2017 Plan. Squarespace, Inc. 2021 Equity Incentive Plan On March 25, 2021, the Company’s board of directors adopted the Squarespace, Inc. 2021 Equity Incentive Plan (“the 2021 Plan”) which was approved by the stockholders on May 3, 2021 and went into effect on May 9, 2021. Under the 2021 Plan, the Company may grant shares of its Class A common stock in the form of RSUs, PSUs, stock options, stock appreciation rights and other stock awards. The Company granted 367,809 and 5,304,008 shares of Class A common stock in the form of RSUs under the 2021 Plan during the three and six months ended June 30, 2023, respectively, and 673,715 and 5,192,191 shares of Class A common stock in the form of RSUs under the 2021 Plan during the three and six months ended June 30, 2022, respectively. RSUs are subject to continuous service and generally vest over four years and are measured based on the closing price of the Company's Class A common stock as reported on the date of grant. During the three and six months ended June 30, 2023, there were 492,927 and 1,391,192 shares that vested under the 2021 Plan of which 169,168 and 550,819 shares were reacquired in order to satisfy employee tax obligations, respectively. During the three and six months ended June 30, 2022, there were 93,661 shares that vested under the 2021 Plan of which 26,076 shares were reacquired in order to satisfy employee tax obligations. During March 2023, the Company granted 148,231 shares of Class A common stock in the form of PSUs under the 2021 Plan. PSUs will generally vest over 3 years and are subject to continuous service and the achievement of certain unlevered free cash flow margin and revenue growth targets. The percentage of PSUs that will vest can range from 0% to 200% based on the growth targets that are achieved. PSUs are measured based on the closing price of the Company's Class A common stock as reported on the date of grant. The related stock-based compensation expenses are recorded over the vesting period or requisite service period if the performance conditions are probable of being met and included in the condensed consolidated statements of operations. Casalena Performance Award On April 15, 2021 (“Grant Date”), the board of directors of the Company approved an RSU grant to Anthony Casalena, CEO, of 2,750,000 Class A common shares (“Casalena Performance Award”). The Casalena Performance Award vesting is contingent on both service- and market-based vesting conditions. The Company estimated the fair value of the Casalena Performance Award using a Monte Carlo simulation with a weighted-average grant date fair value of $30.38 per Class A common share. The Company will recognize the fair value of the award as stock-based compensation expense using the accelerated attribution method over the longer of (i) the period of time the market condition for each tranche is expected to be met (i.e., the derived service period) or (ii) the service vesting condition of four years. The Company recorded compensation expense of $4,869 and $9,685 during the three and six months ended June 30, 2023, respectively, and $7,731 and $15,377 during the three and six months ended June 30, 2022, respectively, related to the Casalena Performance Award in general and administrative expenses in the condensed consolidated statements of operations. Stock-based Compensation The classification of stock-based compensation by line item in the condensed consolidated statements of operations was as follows: Three Months Ended June 30, Six Months Ended June 30, 2023 2022 2023 2022 Cost of revenue $ 1,549 $ 846 $ 2,601 $ 1,470 Research and product development 15,650 11,508 26,337 21,676 Marketing and sales 3,045 2,395 4,916 3,994 General and administrative 9,235 12,111 17,751 23,817 Total stock-based compensation $ 29,479 $ 26,860 $ 51,605 $ 50,957 The amount above excludes $1,169 and $1,638 of stock compensation capitalized as property and equipment, net, for the three and six months ended June 30, 2023, respectively, and $196 and $259 for the three and six months ended June 30, 2022, respectively. During the three and six months ended June 30, 2022, certain RSUs were modified to allow for accelerated vesting. As a result of these modifications, the Company will record lower stock-based compensation expense of $18,247 through fiscal 2026. During the three and six months ended June 30, 2022, the Company recorded stock-based compensation expense of $2,175 related to the modified awards.

Related Party Transactions

Related Party Transactions	6 Months Ended
	Jun. 30, 2023
Related Party Transactions [Abstract]
Related Party Transactions	Related Party Transactions The Company's previous Chief Financial Officer, whose resignation was effective as of July 31, 2022, was appointed as a member of the board of directors of Avalara, Inc. on August 28, 2021. Transactions between Avalara, Inc. and the Company were not material for the three and six months ended June 30, 2022 through the previous Chief Financial Officer’s departure. Certain former members of Tock's senior management, whose resignations were effective as of December 15, 2022, had an ownership in several of the Company's restaurant customers. For the three and six months ended June 30, 2022, these restaurant customers contributed revenue of $303 and $565, respectively. As of June 30, 2022, the Company had a liability of $3,212 due to these restaurant customers, which primarily represents diner prepayments and sales tax, and is included in funds due to customers in the condensed consolidated balance sheets. On September 1, 2014, the Company entered into an agreement with Getty Images to resell certain content to the Company’s customers. The Deputy Chairman of Getty Images is a member of the Company’s board of directors. Amounts recorded in connection with this agreement were not material for the three and six months ended June 30, 2023 and 2022.

Net Income_(Loss) per Share Att

Net Income/(Loss) per Share Attributable to Class A, Class B and Class C Common Stockholders	6 Months Ended
	Jun. 30, 2023
Earnings Per Share [Abstract]
Net Income/(Loss) per Share Attributable to Class A, Class B and Class C Common Stockholders	Net Income/(Loss) per Share Attributable to Class A, Class B and Class C Common StockholdersThe Company computes net income/(loss) per share of Class A common stock, Class B common stock and Class C common stock under the two-class method required for multiple classes of common stock. The rights, including the liquidation and dividend rights, of the Class A common stock, Class B common stock and Class C common stock are substantially identical, other than voting rights. Accordingly, the Class A common stock, Class B common stock and Class C common stock share in the Company’s net income/(loss). The following table sets forth the computation of basic and diluted net income/(loss) per share attributable to Class A, Class B and Class C common stockholders: Three Months Ended June 30, Six Months Ended June 30, 2023 2022 2023 2022 Numerator: Net income/(loss) $ 3,660 $ 64,496 $ 4,162 $ (28,364) Denominator: Weighted-average shares used in computing net income/(loss) per share attributable to Class A, Class B and Class C stockholders, basic 135,302,409 140,082,038 135,111,072 139,754,453 Effect of dilutive securities 3,469,204 2,051,265 2,902,382 — Weighted-average shares used in computing net income/(loss) per share attributable to Class A, Class B and Class C stockholders, dilutive 138,771,613 142,133,303 138,013,454 139,754,453 Net income/(loss) per share attributable to Class A, Class B and Class C common stockholders, basic $ 0.03 $ 0.46 $ 0.03 $ (0.20) Net income/(loss) per share attributable to Class A, Class B and Class C common stockholders, dilutive $ 0.03 $ 0.45 $ 0.03 $ (0.20) The following weighted-average outstanding shares of potentially dilutive securities were excluded from the computation of diluted net income/(loss) per share attributable to Class A, Class B and Class C common stockholders for the periods presented because including them would have been antidilutive: Three Months Ended June 30, Six Months Ended June 30, 2023 2022 2023 2022 Outstanding stock options — — — 1,229,291 Restricted stock units 683,691 6,498,455 1,109,292 8,058,013 Total 683,691 6,498,455 1,109,292 9,287,304

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($) $ in Thousands	3 Months Ended				6 Months Ended
	Jun. 30, 2023	Mar. 31, 2023	Jun. 30, 2022	Mar. 31, 2022	Jun. 30, 2023	Jun. 30, 2022
Pay vs Performance Disclosure
Net income/(loss)	$ 3,660	$ 502	$ 64,496	$ (92,860)	$ 4,162	$ (28,364)

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
	Jun. 30, 2023
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	6 Months Ended
	Jun. 30, 2023
Accounting Policies [Abstract]
Basis of Presentation and Consolidation	Basis of Presentation and Consolidation The Company’s condensed consolidated financial statements and related notes have been prepared in accordance with generally accepted accounting principles in the United States (“U.S. GAAP”) and include the Company’s wholly-owned subsidiaries. All intercompany accounts and transactions have been eliminated in consolidation. Certain information and note disclosures normally included in financial statements prepared in accordance with U.S. GAAP have been condensed or omitted pursuant to the applicable rules and regulations of the Securities and Exchange Commission. The condensed balance sheet data as of December 31, 2022 was derived from the Company's audited financial statements but does not include all disclosures required by U.S. GAAP. Therefore, these unaudited, condensed, consolidated financial statements and accompanying notes should be read in conjunction with the Company's annual consolidated financial statements and related notes included in the Company's Annual Report on Form 10-K filed with the SEC on March 9, 2023. In the opinion of management, the condensed consolidated financial statements reflect all adjustments, consisting only of normal recurring adjustments, which are necessary for the fair statement of the Company’s financial information.
Use of Estimates	Use of Estimates The preparation of the condensed consolidated financial statements in conformity with U.S. GAAP requires management to make estimates, judgments and assumptions that affect the amounts reported in the condensed consolidated financial statements and accompanying notes. Management’s estimates are based on historical experience and on various other market-specific and relevant assumptions that management believes to be reasonable under the circumstances. Actual results could differ from those estimates. Significant estimates include but are not limited to (i) the recognition and measurement of loss contingencies; (ii) the inputs used in the valuation of acquired intangible assets; (iii) the inputs used in the quantitative assessment over goodwill impairment (iii) the grant date fair value of stock-based awards; (iv) the recognition, measurement and valuation of current and deferred income taxes; (v) existence of applicable indirect tax nexus in different jurisdictions and associated indirect tax liabilities; and (vi) the incremental borrowing rate for operating lease liabilities. The Company evaluates its assumptions and estimates on an ongoing basis and adjusts prospectively, if necessary.
Concentration of Risks Related to Credit, Interest Rates and Foreign Currencies	Concentration of Risks Related to Credit, Interest Rates and Foreign Currencies The Company is subject to credit risk, interest rate risk on its outstanding indebtedness, market risk on investments and foreign currency risk in connection with the Company’s operations internationally. The Company maintains the components of its cash and cash equivalents balance in various accounts, which from time to time exceed the federal depository insurance coverage limit. In addition, substantially all cash and cash equivalents are held by three financial institutions. The Company has not experienced any concentration losses related to its cash, cash equivalents and marketable securities to date. As of June 30, 2023 and December 31, 2022, no single customer accounted for more than 10% of the Company’s accounts receivable. Additionally, no single customer accounted for more than 10% of the Company’s revenue during the three and six months ended June 30, 2023 and 2022. The Company is also subject to foreign currency risks that arise from normal business operations. Foreign currency risks include the translation of local currency and intercompany balances established in local customer currencies sold through the Company's international subsidiaries.
Cash and Cash Equivalents	Cash and Cash Equivalents Cash and cash equivalents are stated at fair value. The Company considers all highly liquid investments purchased with an original maturity date of 90 days or less from the date of original purchase to be cash equivalents. Interest income on cash and cash equivalents was $1,472 and $2,534 for the three and six months ended June 30, 2023, respectively, and $216 and $317 for the three and six months ended June 30, 2022, respectively, and was included in other income, net in the condensed consolidated statements of operations.
Restricted Cash and Payment Processing Transactions	Restricted Cash and Payment Processing Transactions The Company processes certain payments and holds funds for its hospitality services on behalf of its restaurant customers consisting of diner prepayments for restaurant reservations as well as to-go orders. While the Company does not have any contractual obligations to hold such cash as restricted, the diner prepayments and associated sales tax are included in restricted cash in the condensed consolidated balance sheets as of June 30, 2023 and December 31, 2022.
Fair Value of Financial Instruments	Fair Value of Financial Instruments Fair value is defined as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. Valuation techniques used to measure fair value must maximize the use of observable inputs and minimize the use of unobservable inputs. Accounting Standards Codification (“ASC”) Topic 820, Fair Value Measurement, describes a fair value hierarchy based on three levels of inputs, of which the first two are considered observable and the last unobservable, that may be used to measure fair value. The three-level hierarchy for fair value measurements is defined as follows: Level 1 Inputs to the valuation methodology are quoted prices (unadjusted) for identical assets or liabilities in active markets; Level 2 Inputs to the valuation methodology include quoted prices for similar assets and liabilities in active markets, and inputs that are observable for the asset or liability other than quoted prices, either directly or indirectly, including inputs in markets that are not considered to be active; and
Leases	Leases The Company adopted ASC Topic 842, Leases ("ASC Topic 842"), as of January 1, 2022. The Company determines if an arrangement is or contains a lease at inception by assessing whether the arrangement conveys the right to control the use of an identified asset. The Company classifies, measures and recognizes a lease liability on the lease commencement date based on the present value of lease payments over the remaining lease term. As of June 30, 2023, the Company's leases were classified as operating leases. The Company uses an estimated incremental borrowing rate based on information available at the lease commencement date in determining the present value of future payments as the rate implicit in the lease is not generally known. The incremental borrowing rate is based on the rate of interest the Company would have to pay to borrow on a collateralized basis over a similar term an amount equal to the lease payments in a similar economic environment. Operating right-of-use assets related to operating lease liabilities equal the amount of the initial measurement of the lease liability adjusted for any initial direct costs, prepaid rent and lease incentives received. Lease terms that are used in determining operating lease liabilities at lease inception may include options to extend or terminate the leases and when it is reasonably certain that the Company will exercise such options. Operating lease expense is recorded on a straight-line basis over the lease term. The straight-line expense is allocated within the condensed consolidated statements of operations based on departmental employee headcount. Variable lease costs are recognized as incurred and allocated within the condensed consolidated statements of operations based on departmental employee headcount. The Company has applied practical expedients for lease agreements with lease and non-lease components, and in such cases, accounts for the components as a single lease component. The Company has also elected not to recognize operating right-of-use assets and operating lease liabilities for any lease with an original lease term of less than one year. Operating lease right-of-use assets are included in non-current assets on the condensed consolidated balance sheets for the entire lease term. The Company includes the portion of the total lease payments, net of implicit interest, that are due in the next 12 months in current liabilities and the remaining portion in non-current liabilities on the condensed consolidated balance sheets. The difference between straight-line lease expense and the cash paid for leases is included as non-cash lease expense in the adjustments to reconcile net loss to net cash provided by operating activities on the condensed consolidated statements of cash flows. Operating sublease income is recognized on a straight-line basis over the sublease term and is allocated within the condensed consolidated statements of operations based on departmental employee headcount. See “Note 11. Leases” for further information on impairment losses on leases recorded during the year ended December 31, 2022.
Net Income/(Loss) Per Share Attributable to Class A, Class B and Class C Common Stockholders	Net Income/(Loss) Per Share Attributable to Class A, Class B and Class C Common Stockholders Basic net income/(loss) per share is computed by dividing net income/(loss) attributable to Class A, Class B and Class C common stockholders by the weighted-average number of shares of the Company’s Class A, Class B and Class C common stock outstanding. Diluted net income/(loss) per share attributable to Class A, Class B and Class C common stockholders is computed by giving effect to all dilutive securities. Diluted net income/(loss) per share attributable to Class A, Class B and Class C common stockholders is computed by dividing the resulting net income/(loss) attributable to Class A, Class B and Class C common stockholders by the weighted-average number of fully diluted Class A, Class B and Class C common shares outstanding. The Company used the if-converted method as though the conversion, exchange or vesting, respectively, had occurred as of the beginning of the period or the original date of issuance, if later. During periods when there is a net loss attributable to Class A, Class B and Class C common stockholders, potentially dilutive Class A, Class B and Class C common stock equivalents are excluded from the calculation of diluted net loss per share attributable to Class A, Class B
Recently Issued Accounting Pronouncements	Recently Issued Accounting Pronouncements Under the JOBS Act, emerging growth companies can delay adopting new or revised accounting standards issued subsequent to the enactment of the JOBS Act, until such time as those standards apply to private companies. The Company has elected to use this extended transition period for complying with new or revised accounting standards that have different effective dates for public and private companies. See “Note 1. Description of Business” for further information on the Company's status as an emerging growth company. Accounting Pronouncements Recently Adopted In October 2021, the FASB issued ASU 2021-08, Business Combinations (Topic 805): Accounting for Contract Assets and Contract Liabilities from Contracts with Customers ("ASC 2021-08"). This standard requires that an entity recognize and measure contract assets and contract liabilities acquired in a business combination in accordance with ASC Topic 606, Revenue from Contracts with Customers, as if the acquirer had originated the contracts. ASU 2021-08 is effective for fiscal years and interim periods in those years beginning after December 15, 2022 for nonpublic entities with early adoption permitted. The Company adopted this standard as of January 1, 2023, however, as the Company has not completed any acquisitions subsequent to the date of adoption, the adoption of this standard did not have a material impact on the Company’s condensed consolidated financial statements. In December 2022, the FASB issued ASU No. 2022-06, Reference Rate Reform (Topic 848) : Deferral of the Sunset Date of Topic 848. This standard defers the sunset date of Topic 848 from December 31, 2022, to December 31, 2024, after which entities will no longer be permitted to apply the relief in Topic 848. ASU No. 2022-06 is effective upon issuance of this update for all entities that have contracts, hedging relationships, and other transactions that reference LIBOR or another reference rate expected to be discontinued because of reference rate reform. The Company adopted this standard as of December 31, 2022. The Company replaced LIBOR as the benchmark rate with SOFR as of June 30, 2023. See “Note 8. Debt" for further information. The adoption of this standard did not have a material impact on the Company’s condensed consolidated financial statements.

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Tables)	6 Months Ended
	Jun. 30, 2023
Accounting Policies [Abstract]
Schedule of Assets and Liabilities Related to Payment Processing Transactions	The following table represents the assets and liabilities related to payment processing transactions: June 30, 2023 December 31, 2022 Restricted cash $ 34,272 $ 35,583 Due from vendors 3,030 4,442 Total payment processing assets 37,302 40,025 Funds payable to customers (36,713) (38,845) Sales tax payable (589) (1,180) Total payment processing liabilities (37,302) (40,025) Total payment processing transactions, net $ — $ —

Revenue (Tables)

Revenue (Tables)	6 Months Ended
	Jun. 30, 2023
Revenue from Contract with Customer [Abstract]
Schedule of Revenue by Product Type, Subscription Type and Revenue Recognition Pattern	The following tables summarize revenue by product type, subscription type, and revenue recognition pattern for the periods presented: Three Months Ended June 30, 2023 Six Months Ended June 30, 2023 Presence Commerce Total Presence Commerce Total Subscription revenue Transferred over time $ 167,335 $ 56,807 $ 224,142 $ 326,915 $ 110,863 $ 437,778 Transferred at a point in time 3,857 — 3,857 8,001 — 8,001 Non-subscription revenue Transferred over time 822 832 1,654 1,421 1,727 3,148 Transferred at a point in time 60 17,816 17,876 128 35,502 35,630 Total revenue $ 172,074 $ 75,455 $ 247,529 $ 336,465 $ 148,092 $ 484,557 Three Months Ended June 30, 2022 Six Months Ended June 30, 2022 Presence Commerce Total Presence Commerce Total Subscription revenue Transferred over time $ 142,603 $ 48,867 $ 191,470 $ 282,379 $ 95,922 $ 378,301 Transferred at a point in time 3,391 — 3,391 7,049 — 7,049 Non-subscription revenue Transferred over time 442 905 1,347 840 1,751 2,591 Transferred at a point in time 95 16,399 16,494 208 32,315 32,523 Total revenue $ 146,531 $ 66,171 $ 212,702 $ 290,476 $ 129,988 $ 420,464
Schedule of Revenue by Geography	Revenue by geography is based on the customer’s self-reported country identifier or, if not available, the billing address or IP address, and was as follows: Three Months Ended June 30, Six Months Ended June 30, 2023 2022 2023 2022 United States $ 177,195 $ 152,354 $ 346,949 $ 299,174 International 70,334 60,348 137,608 121,290 Total revenue $ 247,529 $ 212,702 $ 484,557 $ 420,464
Schedule of Capitalized Contract Costs	Assets capitalized related to contract costs consisted of the following: June 30, 2023 December 31, 2022 Capitalized referral fees, current $ 7,184 $ 6,368 Capitalized referral fees, non-current 9,234 8,168 Capitalized app fees, current 942 971 Sales commissions, current 494 479 Sales commissions, non-current 147 159 Total capitalized contract costs $ 18,001 $ 16,145

Investment in Marketable Secu_2

Investment in Marketable Securities (Tables)	6 Months Ended
	Jun. 30, 2023
Investments, Debt and Equity Securities [Abstract]
Schedule of Available-for-sale Marketable Securities	, the Company did not own available-for-sale (“AFS”) marketable securities in the form of corporate bonds and commercial paper, asset backed securities or U.S. treasuries. The following tables represent the amortized cost, gross unrealized gains and losses and fair market value of the Company’s AFS marketable securities as of December 31, 2022: December 31, 2022 Amortized Gross Unrealized Gains Gross Unrealized Losses Aggregate Fair Value Corporate bonds and commercial paper $ 19,849 $ — $ (74) $ 19,775 Asset backed securities 2,219 1 (12) 2,208 U.S. treasuries 9,905 — (131) 9,774 Total investment in marketable securities $ 31,973 $ 1 $ (217) $ 31,757
Schedule of Debt Securities, Available-for-Sale, Unrealized Loss Position, Fair Value	The Company's gross unrealized losses and fair values for those investments that were in an unrealized loss position as of December 31, 2022, aggregated by investment category and the length of time that individual securities have been in a continuous loss position are as follows: December 31, 2022 Less than 12 months 12 months or Greater Total Aggregate Fair Value Gross Unrealized Losses Aggregate Fair Value Gross Unrealized Losses Aggregate Fair Value Gross Unrealized Losses Corporate bonds and commercial paper $ 14,768 $ (25) $ 5,007 $ (49) $ 19,775 $ (74) Asset backed securities $ 2,208 $ (12) $ — $ — $ 2,208 $ (12) U.S. treasuries $ 3,873 $ (29) $ 5,901 $ (102) $ 9,774 $ (131) Total investment in marketable securities $ 20,849 $ (66) $ 10,908 $ (151) $ 31,757 $ (217)
Schedule of Contractual Maturities	The contractual maturities of the investments classified as marketable securities were as follows: December 31, 2022 Due within 1 year $ 28,564 Due in 1 year through 5 years 3,193 Total investment in marketable securities $ 31,757

Fair Value of Financial Instr_2

Fair Value of Financial Instruments (Tables)	6 Months Ended
	Jun. 30, 2023
Fair Value Disclosures [Abstract]
Schedule of Investments in Marketable Securities	A summary of the Company’s investments in marketable securities (including, if applicable, those marketable securities classified as cash and cash equivalents) were as follows: June 30, 2023 Level 1 Level 2 Level 3 Total Cash equivalents Money market funds $ 126,921 $ — $ — $ 126,921 Total $ 126,921 $ — $ — $ 126,921 December 31, 2022 Level 1 Level 2 Level 3 Total Cash equivalents Money market funds $ 82,584 $ — $ — $ 82,584 Available-for-sale debt securities Corporate bonds and commercial paper — 19,775 — 19,775 Asset backed securities — 2,208 — 2,208 U.S. treasuries 9,774 — — 9,774 Total $ 92,358 $ 21,983 $ — $ 114,341

Prepaid Expenses and Other Cu_2

Prepaid Expenses and Other Current Assets (Tables)	6 Months Ended
	Jun. 30, 2023
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Schedule of Prepaid Expenses and Other Current Assets	Prepaid expenses and other current assets consisted of the following: June 30, 2023 December 31, 2022 Prepaid advertising expenses $ 1,496 $ 7,045 Prepaid income taxes 23,585 17,134 Prepaid operational expenses 16,356 14,780 Prepaid referrals, current 7,184 6,368 Other current assets 2,684 2,999 Total prepaid expenses and other current assets $ 51,305 $ 48,326

Accrued Liabilities (Tables)

Accrued Liabilities (Tables)	6 Months Ended
	Jun. 30, 2023
Payables and Accruals [Abstract]
Schedule of Accrued Liabilities	Accrued liabilities consisted of the following: June 30, 2023 December 31, 2022 Accrued marketing expenses $ 22,497 $ 14,620 Accrued indirect taxes 34,897 33,486 Accrued product expenses 14,361 4,524 Accrued payroll expense 4,100 4,985 Other accrued expenses 7,367 6,745 Total accrued liabilities $ 83,222 $ 64,360

Debt (Tables)

Debt (Tables)	6 Months Ended
	Jun. 30, 2023
Debt Disclosure [Abstract]
Schedule of Debt Outstanding	Debt outstanding as of June 30, 2023 and December 31, 2022 was as follows: June 30, 2023 December 31, 2022 Term Loan $ 495,887 $ 516,266 Less: unamortized original issue discount (1,555) (1,917) Less: unamortized deferred financing costs (344) (424) Less: debt, current (40,758) (40,758) Total debt, non-current $ 453,230 $ 473,167
Schedule of Principal Payments	The scheduled principal payments required under the terms of the 2020 Credit Facility are as follows: Year Ending December 31, Amount Remainder of 2023 $ 20,379 2024 40,758 2025 434,750 Total $ 495,887

Commitment and Contingencies (T

Commitment and Contingencies (Tables)	6 Months Ended
	Jun. 30, 2023
Commitments and Contingencies Disclosure [Abstract]
Schedule of Purchase Obligations, Fiscal Year Maturity	As of June 30, 2023, the Company had outstanding non-cancelable purchase obligations with a term of 12 months or longer, mainly related to third-party cloud-computing as well as software-as-a-service services, as follows: Year Ending December 31, Amount Remainder of 2023 $ 7,122 2024 15,500 2025 18,000 Total $ 40,622

Leases (Tables)

Leases (Tables)	6 Months Ended
	Jun. 30, 2023
Leases [Abstract]
Schedule of Operating Lease Expenses	The components of operating lease expense, net recognized in the condensed consolidated statements of operations were as follows: Three Months Ended June 30, Six Months Ended June 30, 2023 2022 2023 2022 Operating lease costs Operating lease costs $ 3,417 $ 3,571 $ 6,872 $ 7,424 Variable lease costs 850 523 1,614 869 Short-term lease costs 67 32 142 48 Operating lease income Sublease income $ 129 $ 215 $ 311 $ 310 Total operating lease expense, net $ 4,205 $ 3,911 $ 8,317 $ 8,031 Supplemental disclosure of cash and non-cash operating activities related to operating leases were as follows: Six Months Ended June 30, 2023 2022 Cash paid for amounts included in the measurement of operating lease liabilities, net of cash received for lease incentives $ 7,861 $ 6,756 As of June 30, 2023, the weighted-average lease term and discount rate related to operating leases were as follows: June 30, 2023 Weighted-average remaining lease term (in years) 7.80 Weighted-average discount rate use in measuring operating lease liabilities 3.76 %
Schedule of Maturities of Operating Lease Liabilities	As of June 30, 2023, maturities of operating lease liabilities were as follows: Year Ending December 31, Amount Remainder of 2023 $ 7,992 2024 16,491 2025 16,878 2026 17,602 2027 17,065 Thereafter 58,465 Total operating lease payments 134,493 Less: imputed interest (18,369) Total operating lease liabilities $ 116,124

Accumulated Other Comprehensi_2

Accumulated Other Comprehensive Loss (Tables)	6 Months Ended
	Jun. 30, 2023
Equity [Abstract]
Schedule of Accumulated Other Comprehensive Loss	Accumulated other comprehensive loss activity for the three and six months ended June 30, 2023 and 2022 was as follows: Foreign Currency Translation Adjustments Net Unrealized (Losses)/Gains on Marketable Securities Total Accumulated Other Comprehensive (Loss)/Income Balance at December 31, 2022 $ (1,449) $ (216) $ (1,665) Other comprehensive income before reclassifications 258 216 474 Other comprehensive income 258 216 474 Balance at March 31, 2023 $ (1,191) $ — $ (1,191) Other comprehensive loss before reclassifications $ (296) $ — $ (296) Other comprehensive loss (296) — (296) Balance at June 30, 2023 $ (1,487) $ — $ (1,487) Foreign Currency Translation Adjustments Net Unrealized Losses on Marketable Securities Total Accumulated Other Comprehensive Loss Balance at December 31, 2021 $ (170) $ (38) $ (208) Other comprehensive loss before reclassifications (801) (178) (979) Other comprehensive loss (801) (178) (979) Balance at March 31, 2022 $ (971) $ (216) $ (1,187) Other comprehensive loss before reclassifications $ (2,037) $ (77) $ (2,114) Other comprehensive loss (2,037) (77) (2,114) Balance at June 30, 2022 $ (3,008) $ (293) $ (3,301)

Stock-based Compensation (Table

Stock-based Compensation (Tables)	6 Months Ended
	Jun. 30, 2023
Share-Based Payment Arrangement [Abstract]
Schedule of Stock-Based Compensation	The classification of stock-based compensation by line item in the condensed consolidated statements of operations was as follows: Three Months Ended June 30, Six Months Ended June 30, 2023 2022 2023 2022 Cost of revenue $ 1,549 $ 846 $ 2,601 $ 1,470 Research and product development 15,650 11,508 26,337 21,676 Marketing and sales 3,045 2,395 4,916 3,994 General and administrative 9,235 12,111 17,751 23,817 Total stock-based compensation $ 29,479 $ 26,860 $ 51,605 $ 50,957

Net Income_(Loss) per Share A_2

Net Income/(Loss) per Share Attributable to Class A, Class B and Class C Common Stockholders (Tables)	6 Months Ended
	Jun. 30, 2023
Earnings Per Share [Abstract]
Schedule of Basic and Diluted Loss per Share	The following table sets forth the computation of basic and diluted net income/(loss) per share attributable to Class A, Class B and Class C common stockholders: Three Months Ended June 30, Six Months Ended June 30, 2023 2022 2023 2022 Numerator: Net income/(loss) $ 3,660 $ 64,496 $ 4,162 $ (28,364) Denominator: Weighted-average shares used in computing net income/(loss) per share attributable to Class A, Class B and Class C stockholders, basic 135,302,409 140,082,038 135,111,072 139,754,453 Effect of dilutive securities 3,469,204 2,051,265 2,902,382 — Weighted-average shares used in computing net income/(loss) per share attributable to Class A, Class B and Class C stockholders, dilutive 138,771,613 142,133,303 138,013,454 139,754,453 Net income/(loss) per share attributable to Class A, Class B and Class C common stockholders, basic $ 0.03 $ 0.46 $ 0.03 $ (0.20) Net income/(loss) per share attributable to Class A, Class B and Class C common stockholders, dilutive $ 0.03 $ 0.45 $ 0.03 $ (0.20)
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share	The following weighted-average outstanding shares of potentially dilutive securities were excluded from the computation of diluted net income/(loss) per share attributable to Class A, Class B and Class C common stockholders for the periods presented because including them would have been antidilutive: Three Months Ended June 30, Six Months Ended June 30, 2023 2022 2023 2022 Outstanding stock options — — — 1,229,291 Restricted stock units 683,691 6,498,455 1,109,292 8,058,013 Total 683,691 6,498,455 1,109,292 9,287,304

Summary of Significant Accoun_4

Summary of Significant Accounting Policies - Narrative (Details) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023 USD ($)	Jun. 30, 2022 USD ($)	Jun. 30, 2023 USD ($) institution	Jun. 30, 2022 USD ($)
Accounting Policies [Abstract]
Number of financial institutions that hold the company's cash and cash equivalents and marketable securities | institution			3
Interest income | $	$ 1,472	$ 216	$ 2,534	$ 317

Summary of Significant Accoun_5

Summary of Significant Accounting Policies - Assets and Liabilities Related to Payment Processing Transactions (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Accounting Policies [Abstract]
Restricted cash	$ 34,272	$ 35,583
Due from vendors	3,030	4,442
Total payment processing assets	37,302	40,025
Funds payable to customers	(36,713)	(38,845)
Sales tax payable	(589)	(1,180)
Total payment processing liabilities	(37,302)	(40,025)
Total payment processing transactions, net	$ 0	$ 0

Revenue - Product Type, Subscri

Revenue - Product Type, Subscription Type and Revenue Recognition Pattern (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Disaggregation of Revenue [Line Items]
Total revenue	$ 247,529	$ 212,702	$ 484,557	$ 420,464
Presence
Disaggregation of Revenue [Line Items]
Total revenue	172,074	146,531	336,465	290,476
Commerce
Disaggregation of Revenue [Line Items]
Total revenue	75,455	66,171	148,092	129,988
Subscription revenue | Transferred over time
Disaggregation of Revenue [Line Items]
Total revenue	224,142	191,470	437,778	378,301
Subscription revenue | Transferred at a point in time
Disaggregation of Revenue [Line Items]
Total revenue	3,857	3,391	8,001	7,049
Subscription revenue | Presence | Transferred over time
Disaggregation of Revenue [Line Items]
Total revenue	167,335	142,603	326,915	282,379
Subscription revenue | Presence | Transferred at a point in time
Disaggregation of Revenue [Line Items]
Total revenue	3,857	3,391	8,001	7,049
Subscription revenue | Commerce | Transferred over time
Disaggregation of Revenue [Line Items]
Total revenue	56,807	48,867	110,863	95,922
Subscription revenue | Commerce | Transferred at a point in time
Disaggregation of Revenue [Line Items]
Total revenue	0	0	0	0
Non-subscription revenue | Transferred over time
Disaggregation of Revenue [Line Items]
Total revenue	1,654	1,347	3,148	2,591
Non-subscription revenue | Transferred at a point in time
Disaggregation of Revenue [Line Items]
Total revenue	17,876	16,494	35,630	32,523
Non-subscription revenue | Presence | Transferred over time
Disaggregation of Revenue [Line Items]
Total revenue	822	442	1,421	840
Non-subscription revenue | Presence | Transferred at a point in time
Disaggregation of Revenue [Line Items]
Total revenue	60	95	128	208
Non-subscription revenue | Commerce | Transferred over time
Disaggregation of Revenue [Line Items]
Total revenue	832	905	1,727	1,751
Non-subscription revenue | Commerce | Transferred at a point in time
Disaggregation of Revenue [Line Items]
Total revenue	$ 17,816	$ 16,399	$ 35,502	$ 32,315

Revenue - Revenue by Geography

Revenue - Revenue by Geography (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Disaggregation of Revenue [Line Items]
Total revenue	$ 247,529	$ 212,702	$ 484,557	$ 420,464
United States
Disaggregation of Revenue [Line Items]
Total revenue	177,195	152,354	346,949	299,174
International
Disaggregation of Revenue [Line Items]
Total revenue	$ 70,334	$ 60,348	$ 137,608	$ 121,290

Revenue - Narrative (Details)

Revenue - Narrative (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022	Dec. 31, 2022
Revenue from Contract with Customer [Abstract]
Contract with customer, liability, revenues recognized	$ 79,714,000	$ 69,507,000	$ 203,843,000	$ 178,129,000
Capitalized contract cost, amortization	3,361,000	2,607,000	6,289,000	5,236,000
Capitalized contract cost, impairment	0	$ 0	0	$ 0
Refund liability	$ 472,000		$ 472,000		$ 400,000

Revenue - Capitalized Contract

Revenue - Capitalized Contract Costs (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Capitalized Contract Cost [Line Items]
Capitalized contract cost, net	$ 18,001	$ 16,145
Prepaid referral fees
Capitalized Contract Cost [Line Items]
Capitalized contract cost, current	7,184	6,368
Capitalized contract cost, non-current	9,234	8,168
Capitalized app fees, current
Capitalized Contract Cost [Line Items]
Capitalized contract cost, current	942	971
Sales commissions
Capitalized Contract Cost [Line Items]
Capitalized contract cost, current	494	479
Capitalized contract cost, non-current	$ 147	$ 159

Investment in Marketable Secu_3

Investment in Marketable Securities - AFS Marketable Securities (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022	Dec. 31, 2022
Debt Securities, Available-for-sale [Line Items]
Amortized Cost					$ 31,973,000
Gross Unrealized Gains					1,000
Gross Unrealized Losses					(217,000)
Aggregate Fair Value					31,757,000
Unrealized gains (losses) on available-for-sale securities	$ 0	$ (77,000)	$ 216,000	$ (255,000)
Corporate bonds and commercial paper
Debt Securities, Available-for-sale [Line Items]
Amortized Cost					19,849,000
Gross Unrealized Gains					0
Gross Unrealized Losses					(74,000)
Aggregate Fair Value					19,775,000
Asset backed securities
Debt Securities, Available-for-sale [Line Items]
Amortized Cost					2,219,000
Gross Unrealized Gains					1,000
Gross Unrealized Losses					(12,000)
Aggregate Fair Value					2,208,000
U.S. treasuries
Debt Securities, Available-for-sale [Line Items]
Amortized Cost					9,905,000
Gross Unrealized Gains					0
Gross Unrealized Losses					(131,000)
Aggregate Fair Value					$ 9,774,000

Investment in Marketable Secu_4

Investment in Marketable Securities - Gross Unrealized Losses and Fair Values (Details) $ in Thousands	Dec. 31, 2022 USD ($)
Debt Securities, Available-for-Sale, Unrealized Loss Position [Line Items]
Less than 12 months, Aggregate Fair Value	$ 20,849
Less than 12 months, Gross Unrealized Losses	(66)
12 months or Greater, Aggregate Fair Value	10,908
12 months or Greater, Gross Unrealized Losses	(151)
Total, Aggregate Fair Value	31,757
Total, Gross Unrealized Losses	(217)
Corporate bonds and commercial paper
Debt Securities, Available-for-Sale, Unrealized Loss Position [Line Items]
Less than 12 months, Aggregate Fair Value	14,768
Less than 12 months, Gross Unrealized Losses	(25)
12 months or Greater, Aggregate Fair Value	5,007
12 months or Greater, Gross Unrealized Losses	(49)
Total, Aggregate Fair Value	19,775
Total, Gross Unrealized Losses	(74)
Asset backed securities
Debt Securities, Available-for-Sale, Unrealized Loss Position [Line Items]
Less than 12 months, Aggregate Fair Value	2,208
Less than 12 months, Gross Unrealized Losses	(12)
12 months or Greater, Aggregate Fair Value	0
12 months or Greater, Gross Unrealized Losses	0
Total, Aggregate Fair Value	2,208
Total, Gross Unrealized Losses	(12)
U.S. treasuries
Debt Securities, Available-for-Sale, Unrealized Loss Position [Line Items]
Less than 12 months, Aggregate Fair Value	3,873
Less than 12 months, Gross Unrealized Losses	(29)
12 months or Greater, Aggregate Fair Value	5,901
12 months or Greater, Gross Unrealized Losses	(102)
Total, Aggregate Fair Value	9,774
Total, Gross Unrealized Losses	$ (131)

Investment in Marketable Secu_5

Investment in Marketable Securities - Contractual Maturities (Details) $ in Thousands	Dec. 31, 2022 USD ($)
Investments, Debt and Equity Securities [Abstract]
Due within 1 year	$ 28,564
Due in 1 year through 5 years	3,193
Total investment in marketable securities	$ 31,757

Fair Value of Financial Instr_3

Fair Value of Financial Instruments (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale debt securities		$ 31,757
Total	$ 126,921	114,341
Corporate bonds and commercial paper
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale debt securities		19,775
Asset backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale debt securities		2,208
U.S. treasuries
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale debt securities		9,774
Money market funds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents	126,921	82,584
Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total	126,921	92,358
Level 1 | Corporate bonds and commercial paper
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale debt securities		0
Level 1 | Asset backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale debt securities		0
Level 1 | U.S. treasuries
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale debt securities		9,774
Level 1 | Money market funds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents	126,921	82,584
Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total	0	21,983
Level 2 | Corporate bonds and commercial paper
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale debt securities		19,775
Level 2 | Asset backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale debt securities		2,208
Level 2 | U.S. treasuries
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale debt securities		0
Level 2 | Money market funds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents	0	0
Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total	0	0
Level 3 | Corporate bonds and commercial paper
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale debt securities		0
Level 3 | Asset backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale debt securities		0
Level 3 | U.S. treasuries
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale debt securities		0
Level 3 | Money market funds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents	$ 0	$ 0

Prepaid Expenses and Other Cu_3

Prepaid Expenses and Other Current Assets (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Prepaid advertising expenses	$ 1,496	$ 7,045
Prepaid income taxes	23,585	17,134
Prepaid operational expenses	16,356	14,780
Prepaid referrals, current	7,184	6,368
Other current assets	2,684	2,999
Total prepaid expenses and other current assets	$ 51,305	$ 48,326

Accrued Liabilities (Details)

Accrued Liabilities (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Payables and Accruals [Abstract]
Accrued marketing expenses	$ 22,497	$ 14,620
Accrued indirect taxes	34,897	33,486
Accrued product expenses	14,361	4,524
Accrued payroll expense	4,100	4,985
Other accrued expenses	7,367	6,745
Total accrued liabilities	$ 83,222	$ 64,360

Debt - Debt Outstanding (Detail

Debt - Debt Outstanding (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Debt Disclosure [Abstract]
Term Loan	$ 495,887	$ 516,266
Less: unamortized original issue discount	(1,555)	(1,917)
Less: unamortized deferred financing costs	(344)	(424)
Less: debt, current	(40,758)	(40,758)
Total debt, non-current	$ 453,230	$ 473,167

Debt - Narrative (Details)

Debt - Narrative (Details)

3 Months Ended

6 Months Ended

12 Months Ended

Sep. 07, 2022 USD ($)

Mar. 31, 2023

Dec. 31, 2022

Sep. 30, 2022

Jun. 30, 2022

Mar. 31, 2022

Jun. 30, 2023 USD ($) time

Jun. 30, 2022

Dec. 31, 2020

Jun. 22, 2023

Dec. 11, 2020 USD ($)

Dec. 12, 2019 USD ($)

Line of Credit Facility [Line Items]

Security deposit

$ 2,388,000

2020 Credit Agreement

Line of Credit Facility [Line Items]

Basis spread on variable rate (as a percent)

1.50%

1.50%

Effective interest rate (as a percent)

3.19%

6.70%

3.19%

Debt instrument, covenant, Indebtedness to Consolidated EBITDA ratio

3.75

4

4

4.25

4.25

4.50

Debt instrument, covenant, indebtedness to consolidated EBITDA ratio, step-up amount

0.50

Debt instrument, covenant, indebtedness to consolidated EBITDA ratio, step-up, number of step-ups available | time

2

2020 Credit Agreement | London Interbank Offered Rate (LIBOR)

Line of Credit Facility [Line Items]

Effective interest rate (as a percent)

6.69%

Term Loan | 2019 Credit Agreement

Line of Credit Facility [Line Items]

Maximum borrowing capacity

$ 350,000

Term Loan | 2020 Credit Agreement

Line of Credit Facility [Line Items]

Maximum borrowing capacity

$ 550,000,000

Term Loan | 2020 Credit Agreement | Secured Overnight Financing Rate (SOFR)

Line of Credit Facility [Line Items]

Aggregate principal amount

$ 100,000,000

Revolving Credit Facility | 2019 Credit Agreement

Line of Credit Facility [Line Items]

Maximum borrowing capacity

25,000

Revolving Credit Facility | 2020 Credit Agreement

Line of Credit Facility [Line Items]

Remaining borrowing capacity

$ 17,745,000

Revolving Credit Facility | 2020 Credit Agreement | Minimum

Line of Credit Facility [Line Items]

Commitment fee percentage (as a percent)

0.20%

Revolving Credit Facility | 2020 Credit Agreement | Maximum

Line of Credit Facility [Line Items]

Commitment fee percentage (as a percent)

0.25%

Letter of Credit | 2019 Credit Agreement

Line of Credit Facility [Line Items]

Maximum borrowing capacity

$ 15,000

Letter of Credit | 2020 Credit Agreement

Line of Credit Facility [Line Items]

Line of credit outstanding

$ 7,255,000

Debt - Scheduled Principal Paym

Debt - Scheduled Principal Payments (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Debt Disclosure [Abstract]
Remainder of 2023	$ 20,379
2024	40,758
2025	434,750
Total	$ 495,887	$ 516,266

Income Taxes (Details)

Income Taxes (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Income Tax Disclosure [Abstract]
Income tax expense (benefit)	$ 26,411,000	$ (52,651,000)	$ 18,471,000	$ 4,169,000
Effective income tax rate (as a percent)	(87.80%)	444.50%	(81.60%)	17.20%
Unrecognized tax benefits	$ 12,928,000	$ 9,665,000	$ 12,928,000	$ 9,665,000
Unrecognized tax benefits that would affect the effective tax rate	12,771,000		12,771,000
Decrease in unrecognized tax benefits			1,161,000
Accrued interest and penalties	497,000	$ 0	497,000	$ 0
Excise tax			277,000
Research and development tax credits	$ 338,000		$ 614,000

Commitment and Contingencies -

Commitment and Contingencies - Narrative (Details) - USD ($)	Jun. 30, 2023	Jun. 15, 2023	Dec. 31, 2022	Dec. 11, 2020
Gain Contingencies [Line Items]
Indirect tax liability	$ 34,897,000		$ 33,486,000
Reseller for aggregated purchase price	$ 40,622,000
Term Loan | 2020 Credit Agreement
Gain Contingencies [Line Items]
Maximum borrowing capacity				$ 550,000,000
Term Loan | 2020 Amended Credit Agreement
Gain Contingencies [Line Items]
Maximum borrowing capacity		$ 100,000,000
Customer-Related Intangible Assets
Gain Contingencies [Line Items]
Reseller for aggregated purchase price		$ 180,000,000

Commitment and Contingencies _2

Commitment and Contingencies - Purchase Obligations (Details) $ in Thousands	Jun. 30, 2023 USD ($)
Commitments and Contingencies Disclosure [Abstract]
Remainder of 2023	$ 7,122
2024	15,500
2025	18,000
Total	$ 40,622

Leases - Narrative (Details)

Leases - Narrative (Details) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023 USD ($)	Jun. 30, 2022 USD ($)	Jun. 30, 2023 USD ($)	Jun. 30, 2022 USD ($)	Mar. 10, 2022 sublease
Lessee, Lease, Description [Line Items]
Number of properties subleased | sublease					1
Sublease income	$ 129	$ 215	$ 311	$ 310
Total operating lease liabilities	116,124		116,124
Illinois
Lessee, Lease, Description [Line Items]
Sublease income	$ 61	$ 125	$ 152	125
California
Lessee, Lease, Description [Line Items]
Additional operating lease expense recorded				$ 258

Leases - Operating Lease Costs

Leases - Operating Lease Costs (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Operating lease costs
Operating lease costs	$ 3,417	$ 3,571	$ 6,872	$ 7,424
Variable lease costs	850	523	1,614	869
Short-term lease costs	67	32	142	48
Operating lease income
Sublease income	129	215	311	310
Total operating lease expense, net	$ 4,205	$ 3,911	$ 8,317	$ 8,031

Leases - Supplemental Disclosur

Leases - Supplemental Disclosure of Cash and Non-Cash and Other Operating Activities (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
Leases [Abstract]
Cash paid for amounts included in the measurement of operating lease liabilities, net of cash received for lease incentives	$ 7,861	$ 6,756
Weighted-average remaining lease term (in years)	7 years 9 months 18 days
Weighted-average discount rate use in measuring operating lease liabilities (as a percent)	3.76%

Leases - Operating Lease Maturi

Leases - Operating Lease Maturities (Details) $ in Thousands	Jun. 30, 2023 USD ($)
Leases [Abstract]
Remainder of 2023	$ 7,992
2024	16,491
2025	16,878
2026	17,602
2027	17,065
Thereafter	58,465
Total operating lease payments	134,493
Less: imputed interest	(18,369)
Total operating lease liabilities	$ 116,124

Stockholders_ Deficit (Details)

Stockholders’ Deficit (Details)	3 Months Ended		6 Months Ended
	Mar. 31, 2023 USD ($)	Jun. 30, 2022 USD ($) $ / shares shares	Jun. 30, 2023 USD ($) vote $ / shares shares	Jun. 30, 2022 USD ($) $ / shares shares	Dec. 31, 2022 $ / shares shares	May 10, 2022 USD ($)
Class of Stock [Line Items]
Repurchase and retirement of Class A common stock, consideration	$ 25,321,000	$ 35,202,000
Class A Common Stock
Class of Stock [Line Items]
Number of votes for each share of common stock | vote			1
Common stock, par value (in dollars per share) | $ / shares			$ 0.0001		$ 0.0001
Common stock, authorized (in shares) | shares			1,000,000,000		1,000,000,000
Share repurchase program, authorized amount (up to)						$ 200,000,000
Repurchase of Class A common stock and retirement (in shares) | shares		1,562,460	1,256,170	1,562,460
Repurchase and retirement of Class A common stock, consideration		$ (35,202,000)	$ 25,321,000	$ (35,202,000)
Repurchase and retirement of stock, commission expense		$ 34,000	$ 25,000	$ 34,000
Stock repurchased and retired during period, average price per share ( in dollar per shares) | $ / shares		$ 20.73	$ 22.04	$ 20.73
Remaining authorized repurchase amount			$ 54,486,000
Class B Common Stock
Class of Stock [Line Items]
Number of votes for each share of common stock | vote			10
Common stock, par value (in dollars per share) | $ / shares			$ 0.0001		$ 0.0001
Common stock, authorized (in shares) | shares			100,000,000		100,000,000
Common stock, share conversion ratio			1
Class C Common Stock
Class of Stock [Line Items]
Common stock, par value (in dollars per share) | $ / shares			$ 0.0001		$ 0.0001
Common stock, authorized (in shares) | shares			1,000,000,000		1,000,000,000

Accumulated Other Comprehensi_3

Accumulated Other Comprehensive (Loss)/Income (Details) - USD ($) $ in Thousands	3 Months Ended				6 Months Ended
	Jun. 30, 2023	Mar. 31, 2023	Jun. 30, 2022	Mar. 31, 2022	Jun. 30, 2023	Jun. 30, 2022
Total Accumulated Other Comprehensive (Loss)/Income
Beginning balance	$ (318,335)	$ (302,991)	$ (89,689)	$ (13,479)	$ (302,991)	$ (13,479)
Other comprehensive income before reclassifications	(296)	474	(2,114)	(979)
Other comprehensive income (loss)	(296)	474	(2,114)	(979)	178	(3,093)
Ending balance	(291,196)	(318,335)	(42,086)	(89,689)	(291,196)	(42,086)
Accumulated Other Comprehensive Income (Loss)
Total Accumulated Other Comprehensive (Loss)/Income
Beginning balance	(1,191)	(1,665)	(1,187)	(208)	(1,665)	(208)
Ending balance	(1,487)	(1,191)	(3,301)	(1,187)	(1,487)	(3,301)
Foreign Currency Translation Adjustments
Total Accumulated Other Comprehensive (Loss)/Income
Beginning balance	(1,191)	(1,449)	(971)	(170)	(1,449)	(170)
Other comprehensive income before reclassifications	(296)	258	(2,037)	(801)
Other comprehensive income (loss)	(296)	258	(2,037)	(801)
Ending balance	(1,487)	(1,191)	(3,008)	(971)	(1,487)	(3,008)
Net Unrealized (Losses)/Gains on Marketable Securities
Total Accumulated Other Comprehensive (Loss)/Income
Beginning balance	0	(216)	(216)	(38)	(216)	(38)
Other comprehensive income before reclassifications	0	216	(77)	(178)
Other comprehensive income (loss)	0	216	(77)	(178)
Ending balance	$ 0	$ 0	$ (293)	$ (216)	$ 0	$ (293)

Stock-based Compensation - Narr

Stock-based Compensation - Narrative (Details) - USD ($)		1 Months Ended	3 Months Ended		6 Months Ended		27 Months Ended	48 Months Ended	67 Months Ended
	Apr. 15, 2021	Mar. 31, 2023	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Dec. 31, 2026	Jun. 30, 2023
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Proceeds from exercise of stock options					$ 134,000	$ 2,110,000
Stock-based compensation			$ 29,479,000	$ 26,860,000	51,605,000	50,957,000
Stock compensation capitalized					1,638,000	259,000
Share-based payment arrangement, accelerated cost				2,175,000		2,175,000
Forecast
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Plan modification, lower stock-based compensation expense to be recognized								$ 18,247,000
General and administrative
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation			9,235,000	12,111,000	17,751,000	23,817,000
Property and equipment, net
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock compensation capitalized			$ 1,169,000	$ 196,000	$ 1,638,000	$ 259,000
2008 Equity Incentive Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock option grants (in shares)									0
Stock option exercises (in shares)			21,635	269,064	34,685	612,751
Proceeds from exercise of stock options			$ 42,000	$ 969,000	$ 134,000	$ 2,110,000
Restricted stock units | 2017 Equity Incentive Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period (in years)					4 years
Vested RSUs converted to common shares (in shares)			147,635	733,488	606,832	1,413,622
Reacquired shares in order to satisfy employee tax withholding (in shares)			64,376	324,080	256,587	611,535
RSUs granted (in shares)							0
Restricted stock units | 2021 Equity Incentive Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period (in years)					4 years
Vested RSUs converted to common shares (in shares)			492,927		1,391,192
Reacquired shares in order to satisfy employee tax withholding (in shares)			169,168	93,661	550,819	26,076
Restricted stock units | 2021 Equity Incentive Plan | Class A Common Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
RSUs granted (in shares)			367,809	673,715	5,304,008	5,192,191
Performance Shares | 2021 Equity Incentive Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period (in years)		3 years
Performance Shares | 2021 Equity Incentive Plan | Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting percent		0%
Performance Shares | 2021 Equity Incentive Plan | Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting percent		200%
Performance Shares | 2021 Equity Incentive Plan | Class A Common Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
RSUs granted (in shares)		148,231
Chief Executive Officer | Casalena Performance Award | General and administrative
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation			$ 4,869,000	$ 7,731,000	$ 9,685,000	$ 15,377,000
Chief Executive Officer | Restricted stock units | Casalena Performance Award | Class A Common Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period (in years)					4 years
RSUs granted (in shares)	2,750,000
RSUs granted, weighted average grant date fair value (in dollars per share)	$ 30.38

Stock-based Compensation - Stoc

Stock-based Compensation - Stock-Based Compensation (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Stock-based compensation	$ 29,479	$ 26,860	$ 51,605	$ 50,957
Cost of revenue
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Stock-based compensation	1,549	846	2,601	1,470
Research and product development
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Stock-based compensation	15,650	11,508	26,337	21,676
Marketing and sales
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Stock-based compensation	3,045	2,395	4,916	3,994
General and administrative
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Stock-based compensation	$ 9,235	$ 12,111	$ 17,751	$ 23,817

Related Party Transactions (Det

Related Party Transactions (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022	Dec. 31, 2022
Related Party Transaction [Line Items]
Revenue	$ 247,529	$ 212,702	$ 484,557	$ 420,464
Funds payable to customers	$ 36,713		$ 36,713		$ 38,845
Management
Related Party Transaction [Line Items]
Revenue		303		565
Funds payable to customers		$ 3,212		$ 3,212

Net Income_(Loss) per Share A_3

Net Income/(Loss) per Share Attributable to Class A, Class B and Class C Common Stockholders (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended				6 Months Ended
	Jun. 30, 2023	Mar. 31, 2023	Jun. 30, 2022	Mar. 31, 2022	Jun. 30, 2023	Jun. 30, 2022
Numerator:
Net income/(loss)	$ 3,660	$ 502	$ 64,496	$ (92,860)	$ 4,162	$ (28,364)
Denominator:
Weighted-average shares used in computing net income/(loss) per share attributable to Class A, Class B and Class C stockholders, basic (in shares)	135,302,409		140,082,038		135,111,072	139,754,453
Effect of dilutive securities (in shares)	3,469,204		2,051,265		2,902,382	0
Weighted-average shares used in computing net income/(loss) per share attributable to Class A, Class B and Class C stockholders, dilutive(in shares)	138,771,613		142,133,303		138,013,454	139,754,453
Net income/(loss) per share attributable to Class A, Class B and Class C common stockholders, basic (in dollars per share)	$ 0.03		$ 0.46		$ 0.03	$ (0.20)
Net income/(loss) per share attributable to Class A, Class B and Class C common stockholders, dilutive (in dollars per share)	$ 0.03		$ 0.45		$ 0.03	$ (0.20)

Net Income_(Loss) per Share A_4

Net Income/(Loss) per Share Attributable to Class A, Class B and Class C Common Stockholders (Details) - shares	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share (in shares)	683,691	6,498,455	1,109,292	9,287,304
Outstanding stock options
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share (in shares)	0	0	0	1,229,291
Restricted stock units
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share (in shares)	683,691	6,498,455	1,109,292	8,058,013