SQSP Squarespace Inc

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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.

Proposed Merger

On May 13, 2024, the Company entered into a definitive agreement to go private with an affiliate of Permira, a global investment firm, in an all-cash transaction valued at approximately $6,900,000 on an enterprise value basis (the "Proposed Merger"). Specifically, the Company entered into an Agreement and Plan of Merger (the “Merger Agreement”) with Spaceship Purchaser, Inc., a Delaware corporation (“Parent”), and Spaceship Group MergerCo, Inc., a Delaware corporation and wholly owned subsidiary of Parent (“Merger Sub”, and together with Parent, the “Buyer Parties”), providing for the merger of Merger Sub with and into the Company, with the Company surviving such merger as a wholly owned subsidiary of Parent (the “Merger”).

Under the terms of the Merger Agreement, each share of the Company's common stock outstanding as of immediately prior to the effective time of the Merger (the "Effective Time"), other than shares owned by the Company and certain shares owned by affiliates of Anthony Casalena, affiliates of General Atlantic and affiliates of Accel, will be cancelled and extinguished and automatically converted into the right to receive cash in an amount equal to $44.00, without interest thereon and subject to any applicable withholding taxes. If the Merger is consummated, the Company's Class A common stock will be de-listed from the New York Stock Exchange and de-registered under the Securities Exchange Act of 1934, as amended.

The Merger Agreement contains customary representations, warranties, and covenants. Consummation of the Merger is subject to receipt of regulatory approvals and certain other conditions set forth in the Merger Agreement, including, but not limited to, (i) the affirmative vote of the holders of a majority in voting power of the outstanding shares of the Company's common stock beneficially owned, directly or indirectly, by Company stockholders not affiliated with Anthony Casalena, General Atlantic, Accel, Permira or the directors and officers of the Company; (ii) the accuracy of the representations and warranties of the Company in the Merger Agreement, subject to applicable materiality or other qualifiers, as of certain dates set forth in the Merger Agreement; (iii) the Company having performed and complied in all material respects with all covenants under the Merger Agreement required to be performed and complied with by it at or prior to the closing of the Merger; (iv) receipt by the Buyer Parties of a customary closing certificate of the Company; and no Company material adverse effect having occurred after the date of the Merger Agreement; and (v) no order, injunction or judgment issued by any governmental authority preventing the consummation of the Merger being in effect, nor shall any action have been taken by any such governmental authority, and no statute, rule, regulation or order having been enacted, entered, enforced or deemed applicable to the Merger that, in each case, prohibits, makes illegal, or enjoins the consummation of the Merger. The Company's Board of Directors unanimously authorized, adopted and approved the Merger Agreement. Upon satisfaction of these and other customary closing conditions, the transaction is expected to close by the fourth quarter of 2024. The Company cannot predict with certainty, however, whether and when all of the required closing conditions will be satisfied or if the Merger will close.

The Merger Agreement contains certain termination rights for the Buyer Parties. Upon termination of the Merger Agreement under specified circumstances, including the Company terminating the Merger Agreement to enter into an alternative acquisition agreement with respect to a superior proposal in accordance with the Merger Agreement or Parent terminating the Merger Agreement due to a recommendation change as defined in the Merger Agreement, in each case, pursuant to and in accordance with a customary "fiduciary out" provision in the Merger Agreement, the Company will be required to pay Parent a termination fee of $198,700. The $198,700 termination fee will also be payable by the Company concurrently with the consummation of an acquisition transaction if the Merger Agreement is terminated under certain circumstances and prior to such termination, an acquisition proposal for an acquisition transaction has been made to the Company or has been publicly announced, proposed, disclosed or otherwise communicated and not withdrawn or otherwise abandoned and within 12 months after the termination any acquisition transaction is consummated or the Company enters into an agreement providing for any acquisition transaction. The Merger Agreement also contains certain termination rights for the Company. Upon termination of the Merger Agreement under specified circumstances, Parent will be required to pay the Company a termination fee of approximately $231,817. In addition to the foregoing termination rights, and subject to certain limitations, the Company or Parent may terminate the Merger Agreement if the Merger is not consummated by May 12, 2025.

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Also on May 13, 2024, in connection with the execution of the Merger Agreement, Parent has delivered (a) equity commitment letters between Parent and the financing sources identified therein, pursuant to which such financing sources have committed, subject to the terms and conditions contained therein, to invest in Parent, directly or indirectly, the cash amounts set forth therein (the “Equity Commitment Letters”) and (b) a debt commitment letter executed by the financing sources identified therein, pursuant to which such financing sources have committed, subject to the terms and conditions contained therein, to provide Parent with debt financing in the amounts specified therein (the “Debt Commitment Letter”). The proceeds of the Equity Commitment Letters and the Debt Commitment Letter are intended to fund the merger consideration payable in the Merger, on the terms and subject to the conditions set forth therein. The Company is an express limited third party beneficiary of certain rights in the Equity Commitment Letters, on the terms and subject to the conditions set forth therein.

Additionally, on May 13, 2024, in connection with the execution of the Merger Agreement, Parent has delivered a fee funding agreement in favor of the Company and pursuant to which, on the terms and subject to the conditions contained therein, certain investors affiliated with Permira are agreeing to pay a portion of certain obligations of the Buyer Parties in connection with the Merger Agreement.

The foregoing description of the Merger Agreement and the transactions contemplated thereby does not purport to be complete, and is subject to, and qualified in its entirety by reference to, the full text of the Merger Agreement, which is attached as Exhibit 2.1 of the Company’s Current Report on Form 8-K filed on May 13, 2024 and incorporated by reference herein.

The Company's transaction expenses associated with the negotiation of the Merger Agreement were $4,198 and were included in general and administrative expenses in the condensed consolidated statements of operations for the three and six months ended June 30, 2024. The Merger Agreement did not otherwise impact the Company’s condensed consolidated financial statements as of June 30, 2024.

Acquisitions

On September 7, 2023, the Company closed an asset purchase agreement with Google LLC ("Google") to acquire, among other things, Google's domain assets, including all domain names for which Google was the registrar or reseller, for a total amount paid of $180,721 (the "Google Domains Asset Acquisition").

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, 2023 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 February 28, 2024. 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 inputs used in the valuation of acquired intangible assets; (ii) the inputs used in the quantitative assessment over goodwill impairment; (iii) the recognition, measurement and valuation of current and deferred income taxes; (iv) amount of applicable indirect tax nexus in different jurisdictions and associated indirect tax liabilities; and (v) the incremental borrowing rate for operating lease liabilities. The Company evaluates its assumptions and estimates on an ongoing basis and adjusts prospectively, if necessary.

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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, as well as marketable securities, are held by four financial institutions. The Company has not experienced any concentration losses related to its cash, cash equivalents and marketable securities to date.

During the three and six months ended June 30, 2024 and 2023, no single customer accounted for more than 10% of the Company’s revenue. As of June 30, 2024 and December 31, 2023, one customer accounted for 30% and 37%, respectively, of the Company's accounts receivable.

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 $2,634 and $5,617 for the three and six months ended June 30, 2024, respectively, and $1,472 and $2,534 for the three and six months ended June 30, 2023, respectively, and was included in other income, net in the condensed consolidated statements of operations.

Restricted Cash and Payment Processing Transactions

The Company holds funds and processes certain payments on behalf of its customers consisting of prepayments for restaurant reservations, to-go orders and events. While the Company does not have any contractual obligations to hold such cash as restricted, the prepayments have been historically included in restricted cash in the condensed consolidated balance sheets. As of June 30, 2024, these prepayments were included in assets of business held for sale in the condensed consolidated balance sheet.

In addition, the Company historically recognized the liability due to its customers in funds payable to customers in the condensed consolidated balance sheets. As of June 30, 2024, these liabilities were included in liabilities of business held for sale in the condensed consolidated balance sheet. The Company remits funds to customers based on the stipulated contract terms. In addition to restricted cash held on behalf of its 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 have been historically included in due from vendors in the condensed consolidated balance sheets. As of June 30, 2024, these in-transit receivables were included in assets of business held for sale in the condensed consolidated balance sheet.

See “Note 4. Business Held for Sale” for further information on assets and liabilities classified as held for sale as of June 30, 2024.

The following table represents the assets and liabilities related to payment processing transactions for restaurant reservations, to-go orders and events:

			June 30, 2024						December 31, 2023
Restricted cash			$	32,685					$	36,583
Due from vendors			5,044						6,089
Total payment processing assets			37,729						42,672
Funds payable to customers			(37,729)						(42,672)
Total payment processing liabilities			(37,729)						(42,672)
Total payment processing transactions, net			$	—					$	—

Investment in Marketable Securities

The Company classifies its investment in marketable securities as available for sale securities which are stated at fair value, as determined by quoted market prices. Unrealized gains and losses are included in accumulated other comprehensive loss in the condensed consolidated balance sheets. Unrealized losses are evaluated for impairment and those considered other than temporarily impaired are included in other income, net in the condensed consolidated statements of operations. Subsequent gains or losses realized upon redemption or sale of these securities in excess or below their adjusted

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cost basis are also included in other income, net in the condensed consolidated statements of operations. The cost of securities sold is based upon the specific identification method.

The Company considers all of its investment in marketable securities, irrespective of the maturity date, as available for use in current operations, and therefore classifies these securities within current assets in the condensed consolidated balance sheet.

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.

Business Held for Sale

The Company classifies assets and liabilities to be disposed of by sale ("disposal group") as held for sale when (i) management commits to a plan to sell the disposal group; (ii) the disposal group is available for immediate sale in its present condition; (iii) an active program required to complete the plan to sell the disposal group has been initiated; (iv) the sale of the disposal group is probable, and transfer of the disposal group is expected to qualify for recognition as a completed sale, within one year; (v) the disposal group is for sale at a price that is reasonable in relation to its current fair value; and (vi) it is unlikely that significant changes to the plan will be made or that the plan will be withdrawn. Once classified as held for sale, depreciation and amortization of the long-lived assets included in the disposal group cease and the disposal group is measured at the lower of its carrying value or fair value less costs to sell. If the disposal group constitutes a business in accordance with ASC Topic 805, Business Combinations, the Company allocates a portion of its reporting unit's goodwill to the disposal group on a relative fair value basis.

Net Income/(Loss) Per Share

The Company computes net income/(loss) per share under the two-class method required for multiple classes of common stock. The rights, including the liquidation and dividend rights, of the Class A, Class B and Class C common stock are substantially identical, other than voting rights. Accordingly, the Class A, Class B and Class C common stock share in the Company’s earnings.

Basic net income/(loss) per share is computed by dividing net income/(loss) by the weighted-average number of shares of the Company’s Class A, Class B and Class C common stock outstanding.

Diluted net income per share is computed by giving effect to all dilutive securities. During periods of net loss, potentially dilutive Class A, Class B and Class C common stock equivalents are excluded from the calculation as their effect is anti-dilutive. During periods of net income, diluted net income per share is computed by dividing net income by the resulting weighted-average number of fully diluted Class A, Class B and Class C common stock outstanding.

Recently Issued Accounting Pronouncements

Accounting Pronouncements Pending Adoption

In November 2023, the FASB issued ASU No. 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures (“ASU 2023-07”). This standard improves reportable segment disclosure requirements, primarily through enhanced disclosures about significant segment expenses. ASU 2023-07 is effective for fiscal years beginning after December 15, 2023, and interim periods within fiscal years beginning after December 15, 2024 on a retrospective basis, with early adoption permitted. The Company is currently evaluating the timing of its adoption of this standard and the impact in its condensed consolidated financial statements.

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In December 2023, the FASB issued ASU No. 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosure (“ASU 2023-09”). This standard provides transparency to income tax disclosures related to the rate reconciliation and income taxes paid information. ASU 2023-09 is effective for fiscal years beginning after December 15, 2024 for public entities on a prospective or retrospective basis, with early adoption permitted. The Company is currently evaluating the timing of its adoption of this standard and the impact in its condensed consolidated financial statements.

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 the Company’s 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, whereby 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, memberships, courses, 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 payment volume processed through Business plan sites, certain hospitality offerings and the Company's native payment processing solution. 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, 2024																		Six Months Ended June 30, 2024
			Presence						Commerce						Total						Presence						Commerce						Total
Subscription revenue
Transferred over time			$	207,548					$	62,162					$	269,710					$	401,594					$	123,361					$	524,955
Transferred at a point in time			6,936						—						6,936						12,925						—						12,925
Non-subscription revenue
Transferred over time			802						1,040						1,842						1,532						1,968						3,500
Transferred at a point in time			87						18,194						18,281						206						36,331						36,537
Total revenue			$	215,373					$	81,396					$	296,769					$	416,257					$	161,660					$	577,917

			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

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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,
			2024						2023						2024						2023
United States			$	212,424					$	177,195					$	413,459					$	346,949
International			84,345						70,334						164,458						137,608
Total revenue			$	296,769					$	247,529					$	577,917					$	484,557

Currently no individual country contributes greater than 10% of total international revenue.

Deferred Revenue

The deferred revenue balance as of June 30, 2024 and December 31, 2023 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 $98,017 and $249,283 of revenues recognized during the three and six months ended June 30, 2024, respectively, and $79,714 and $203,843 during the three and six months ended June 30, 2023, respectively.

Capitalized Contract Costs

Assets capitalized related to contract costs consisted of the following:

			June 30, 2024						December 31, 2023
Capitalized referral fees, current			$	7,624					$	7,626
Capitalized referral fees, non-current			10,429						9,715
Capitalized app fees, current			733						750
Sales commissions, current (1)			60						496
Sales commissions, non-current (2)			83						144
Total capitalized contract costs			$	18,929					$	18,731

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(1)Excludes $776 of sales commissions, current which have been reclassified to assets of business held for sale in the condensed consolidated balance sheet as of June 30, 2024. See "Note 4. Business Held for Sale" for further information.

(2)Excludes $371 of sales commissions, non-current which have been reclassified to assets of business held for sale in the condensed consolidated balance sheet as of June 30, 2024. See "Note 4. Business Held for Sale" for further information.

Amortization of capitalized contract costs was included in the following line items in the condensed consolidated statements of operations:

			Three Months Ended June 30,												Six Months Ended June 30,
			2024						2023						2024						2023
Cost of revenue			$	734					$	848					$	1,483					$	1,709
Marketing and sales			2,411						2,513						5,004						4,580
Total amortization of capitalized contract costs			$	3,145					$	3,361					$	6,487					$	6,289

There were no impairment charges recognized related to capitalized contract costs for the three and six months ended June 30, 2024 and 2023.

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, 2024 and December 31, 2023, the Company's obligation for refunds was not material.

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On June 21, 2024, the Company entered into a securities purchase agreement with American Express Travel Related Services Company, Inc. ("American Express") whereby American Express has agreed to acquire all of the issued and outstanding limited liability company interests of the Company's hospitality platform, Tock LLC, for cash proceeds of $400,000 (the "Divestiture"). The Divestiture is expected to be completed within one year and is subject to certain customary closing adjustments and conditions.

Business held for sale comprised of the following assets and liabilities as of June 30, 2024:

			June 30, 2024
Cash and cash equivalents			$	2,788
Restricted cash			32,685
Accounts receivable, net			274
Due from vendors			5,044
Prepaid expenses and other current assets			1,567
Property and equipment, net			7,268
Operating lease right-of-use assets			9,925
Goodwill			13,916
Intangible assets, net			20,689
Other assets			373
Total assets of business held for sale			$	94,529
Accounts payable			$	1,160
Accrued liabilities			19,157
Deferred revenue			63
Funds payable to customers			37,729
Operating lease liabilities, current portion			1,326
Operating lease liabilities, non-current portion			17,310
Total liabilities of business held for sale			$	76,745

The following table represents the amortized cost, gross unrealized gains and losses and fair market value of the Company’s available-for-sale (“AFS”) marketable securities as of June 30, 2024:

			June 30, 2024
			Amortized Cost						Gross Unrealized Gains						Gross Unrealized Losses						Aggregate Fair Value
Corporate bonds and commercial paper			$	40,359					$	—					$	(72)					$	40,287
U.S. treasuries			11,789						—						(35)						11,754
Total investment in marketable securities			$	52,148					$	—					$	(107)					$	52,041

The Company's gross unrealized losses and fair values for those investments that were in an unrealized loss position as of June 30, 2024, aggregated by investment category and the length of time that individual securities have been in a continuous loss position were as follows:

			June 30, 2024
			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			$	39,948		$	(72)					$	—		$	—					$	39,948		$	(72)
U.S. treasuries			11,633			(35)						—			—						11,633			(35)
Total investment in marketable securities			$	51,581		$	(107)					$	—		$	—					$	51,581		$	(107)

The Company recognized unrealized losses of $80 and $107 with respect to its AFS marketable securities during the three and six months ended June 30, 2024, respectively. The unrealized losses were due to changes in market rates and were determined to be temporary in nature. The unrealized losses were included in accumulated other comprehensive loss in the condensed consolidated balance sheet as of June 30, 2024.

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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:

			June 30, 2024
Due within 1 year			$	31,136
Due in 1 year through 5 years			20,905
Total investment in marketable securities			$	52,041

The Company did not own any AFS marketable securities as of December 31, 2023.

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, 2024
			Level 1						Level 2						Level 3						Total
Cash equivalents
Money market funds			$	214,495					$	—					$	—					$	214,495
Available-for-sale debt securities
Corporate bonds and commercial paper			—						40,287						—						40,287
U.S. treasuries			11,754						—						—						11,754
Total			$	226,249					$	40,287					$	—					$	266,536

			December 31, 2023
			Level 1						Level 2						Level 3						Total
Cash equivalents
Money market funds			$	194,210					$	—					$	—					$	194,210
Total			$	194,210					$	—					$	—					$	194,210

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.

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Prepaid expenses and other current assets consisted of the following:

			June 30, 2024						December 31, 2023
Prepaid income taxes			$	52,667					$	3,402
Prepaid operational expenses (1)			11,383						12,183
Capitalized contract costs (2)			8,417						8,872
Prepaid domain name registration fees			6,864						12,073
Prepaid advertising expenses			312						5,804
Other current assets (3)			3,373						6,613
Total prepaid expenses and other current assets			$	83,016					$	48,947

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(1)Excludes $699 of prepaid operational expenses which have been reclassified to assets of business held for sale in the condensed consolidated balance sheet as of June 30, 2024. See "Note 4. Business Held for Sale" for further information.

(2)Excludes $776 of capitalized contract costs which have been reclassified to assets of business held for sale in the condensed consolidated balance sheet as of June 30, 2024. See "Note 4. Business Held for Sale" for further information.

(3)Excludes $92 of other current assets which have been reclassified to assets of business held for sale in the condensed consolidated balance sheet as of June 30, 2024. See "Note 4. Business Held for Sale" for further information.

As of June 30, 2024 and December 31, 2023, the Company had $377 and $3,895, respectively, in deposits for domain name registration fees at certain third-party registries in relation to the Google Domains Asset Acquisition included as other current assets above.

Accrued liabilities consisted of the following:

			June 30, 2024						December 31, 2023
Accrued product expenses			35,565						22,569
Accrued marketing expenses (1)			24,395						24,998
Accrued indirect taxes (2)			$	22,931					$	38,174
Accrued payroll expenses (3)			3,001						4,247
Other accrued expenses (4)			13,041						9,447
Total accrued liabilities			$	98,933					$	99,435

__________________

(1)Excludes $115 of accrued marketing expenses which have been reclassified to liabilities of business held for sale in the condensed consolidated balance sheet as of June 30, 2024. See "Note 4. Business Held for Sale" for further information.

(2)Excludes $16,980 of accrued indirect taxes which have been reclassified to liabilities of business held for sale in the condensed consolidated balance sheet as of June 30, 2024. See "Note 4. Business Held for Sale" for further information.

(3)Excludes $1,028 of accrued payroll expenses which have been reclassified to liabilities of business held for sale in the condensed consolidated balance sheet as of June 30, 2024. See "Note 4. Business Held for Sale" for further information.

(4)Excludes $1,034 of other accrued expenses which have been reclassified to liabilities of business held for sale in the condensed consolidated balance sheet as of June 30, 2024. See "Note 4. Business Held for Sale" for further information.

Debt outstanding as of June 30, 2024 and December 31, 2023 was as follows:

			June 30, 2024						December 31, 2023
Term Loan			$	546,910					$	571,398
Less: unamortized original issue discount			(1,301)						(1,761)
Less: unamortized deferred financing costs			(623)						(844)
Less: debt, current			(57,140)						(48,977)
Total debt, non-current			$	487,846					$	519,816

Credit Facility

On December 12, 2019, the Company entered into a credit agreement (the “2019 Credit Agreement”) with certain lending institutions (the “Credit Facility”) which included Initial Term A Loans for $350,000 (the "2019 Term Loan”), and Revolving Credit Loans of up to $25,000 (the “2019 Revolving Credit Facility”), which included a Letters of Credit sub-facility available up to a total of $15,000.

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On December 11, 2020, the Company amended the 2019 Credit Agreement (the “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 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.

On June 15, 2023, the Company amended the 2020 Credit Agreement (as amended, the "Credit Agreement") to increase the total size of the 2020 Term Loan to $650,000 (collectively, the "Term Loan") and, effective June 30, 2023, replace LIBOR as the benchmark rate with SOFR. The proceeds from the additional term loan commitments were funded on September 7, 2023 and used to partially fund the Google Domains Asset Acquisition, together with cash on hand.

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 prior to June 30, 2023. Effective June 30, 2023, under the Credit Agreement, LIBOR as the benchmark rate was replaced with SOFR. The applicable margin was 1.60%, which includes a credit spread adjustment of 0.10%, and 1.50% as of June 30, 2024 and 2023, respectively. The effective interest rate was 6.94% and 6.70% as of June 30, 2024 and 2023, respectively. The effective interest rate for the Company’s final LIBOR payment, made on June 22, 2023, was 6.69%.

As of June 30, 2024, $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, 2024 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. 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 Credit Agreement, payable quarterly to the lenders in respect of the unutilized commitments.

The 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 Credit Agreement contains certain negative covenants for an indebtedness to consolidated EBITDA ratio, as defined by the Credit Agreement, and commencing with December 31, 2020 and all fiscal quarters thereafter through maturity. For the fiscal quarter ended June 30, 2024, and each fiscal quarter thereafter, the Company is required to maintain an indebtedness to consolidated EBITDA ratio of not more than 3.75 (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. If the Company is not in compliance with the covenants under the 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 Credit Agreement. As of June 30, 2024, the Company was in compliance with all applicable covenants, including the Financial Covenant.

Consolidated EBITDA is defined in the Credit Agreement as net income/(loss) adjusted to exclude interest expense, other income/(loss), net, (provision for)/benefit from 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 Credit Facility are as follows:

Year Ending December 31,			Amount
Remainder of 2024			$	24,488
2025			522,422
Total			$	546,910

For interim periods, the Company 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.

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For the three months ended June 30, 2024 and 2023, the Company recorded an income tax expense of $5,034 and $26,411, respectively, which resulted in an effective tax rate of (45.1)% and (87.8)%, respectively. For the six months ended June 30, 2024 and 2023, the Company recorded an income tax benefit of $15,742 and an income tax expense of $18,471, respectively, which resulted in an effective tax rate of (166.3)% and (81.6)%, respectively.

The Company’s estimated annual effective income tax rate for the three and six months ended June 30, 2024 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 as required by the 2017 Tax Cuts and Jobs Act, nondeductible executive compensation, unrecognized tax benefits, state and local income taxes, and nondeductible stock-based compensation, partially offset by research and development tax credits, windfall from stock-based compensation, deduction from foreign-derived intangible income, and the effect of foreign operations.

The Company’s estimated annual 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.

As of June 30, 2024, the Company considered a significant portion of the earnings of foreign subsidiaries to be not permanently reinvested outside the U.S. The incremental deferred federal and state income taxes or foreign withholding taxes were not material to the condensed consolidated financial statements as those respective earnings have previously been subject to U.S. taxation or will receive a dividend received deduction.

All unrecognized tax benefits have been recorded to other liabilities in the condensed consolidated balance sheets. As of June 30, 2024, unrecognized tax benefits approximated $13,237, all of which would affect the effective tax rate if recognized. 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. The Company does not believe that its unrecognized tax benefits as of June 30, 2024 will significantly increase or decrease within the next twelve months. 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, 2024 will decrease by approximately $533 within the next twelve months due to expiring statutes of limitation. The Company’s policy is to include interest and penalties related to unrecognized tax benefits within the Company's (provision for)/benefit from income taxes. Accrued interest and penalties were $1,487 and $497 as of June 30, 2024 and 2023, respectively, and were included in other liabilities in the condensed consolidated balance sheets.

The Company’s corporate federal income tax returns for the years ended December 31, 2020 through December 31, 2023 remain subject to examination by the Internal Revenue Service. The Company’s corporate income tax returns for the years ended December 31, 2020 through December 31, 2023 remain subject to examination by taxing authorities in various U.S. states and foreign jurisdictions. 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.

In December 2021, the OECD proposed the Pillar Two framework as part of the OECD/G20 Base Erosion and Profit Shifting (BEPS) Project which makes changes to existing tax laws, including a 15% global minimum tax (“BEPS Pillar Two”). Several countries have enacted tax legislation with proposals from the BEPS Pillar Two framework, with an effective date starting in 2024. While we continue to monitor further legislation and guidance in the non-US jurisdictions in which we operate, we have evaluated the impact of the published legislation and although not material to the condensed consolidated financial statements, we have included the impacts in the estimated annual effective tax rate for the three and six months ended June 30, 2024.

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. The Company recognized Ireland-related research and development tax credits of $306 and $482 during the three and six months ended June 30, 2024, respectively, and $338 and $614 during the three and six months ended June 30, 2023, respectively, as a reduction to research and product development in the condensed consolidated statements of operations.

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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. This also includes the requirement for e-commerce platforms to collect and remit taxes on certain sales through a marketplace. 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. In accordance with ASC 450, the Company establishes accruals for contingencies, including uncertainties related to taxes not based on income, when the Company believes it is probable that a loss has been incurred and the amount of the loss can be reasonably estimated. 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 $22,931 and $38,174, including indirect tax contingencies of $13,943 and $29,836, as of June 30, 2024 and December 31, 2023, respectively, which is included in accrued liabilities in the condensed consolidated balance sheets. Additionally, the Company had an indirect tax liability of $16,980, including indirect tax contingencies of $16,318, as of June 30, 2024, which is included in liabilities of business held for sale in the condensed consolidated balance sheet. See “Note 4. Business Held for Sale” for further information on assets and liabilities classified as held for sale as of June 30, 2024.

Service Agreements

As of June 30, 2024, the Company had outstanding non-cancelable minimum commitments with terms in excess of one year related to service agreements, including services for third-party cloud-computing and payment processing services, as follows:

Year Ending December 31,			Amount
Remainder of 2024			$	11,186
2025			24,658
2026			28,567
2027			29,467
2028			4,508
Total			$	98,386

Certain Risks and Concentrations

The Company’s revenues were principally generated from software as a service 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 results of operations.

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.

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 April 26, 2024, the Company remeasured the lease liability and right-of-use asset related to its leased office space in Dublin, Ireland due to a modification of the existing lease agreement that resulted in a partial termination of the lease. As a result, the associated operating lease liability and operating lease right-of-use asset were reduced by $2,304 and $2,102, respectively, in the condensed consolidated balance sheet as of June 30, 2024.

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,
			2024						2023						2024						2023
Operating lease costs
Operating lease costs			$	3,034					$	3,417					$	6,372					$	6,872
Variable lease costs			865						850						1,737						1,614
Short-term lease costs			55						67						108						142
Operating lease income
Sublease income			$	—					$	129					$	67					$	311
Total operating lease expense, net			$	3,954					$	4,205					$	8,150					$	8,317

As of June 30, 2024, maturities of operating lease liabilities were as follows:

Year Ending December 31,			Amount
Remainder of 2024			$	7,079
2025			14,448
2026			15,115
2027			14,518
2028			14,674
Thereafter			27,675
Total operating lease payments			93,509
Less: imputed interest			(10,385)
Total operating lease liabilities (1)			$	83,124

__________________

(1)Excludes $18,636 of operating lease liabilities which have been reclassified to liabilities of business held for sale in the condensed consolidated balance sheet as of June 30, 2024. See "Note 4. Business Held for Sale" for further information.

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, 2024, 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. On February 26, 2024, the board of directors authorized a new general share repurchase program of the Company’s Class A common stock of up to $500,000 with no fixed expiration (the "Stock Repurchase Plan") to replace the previous 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 and six months ended June 30, 2024, the Company repurchased 153,582 and 474,375 shares and paid cash of $4,147 and $16,311, including commissions of $2 and $9, respectively, under the Stock Repurchase Plan through open market purchases. The weighted-average prices per share for the share repurchases were $36.53 and $34.36 during the three and six months ended June 30, 2024, respectively.

During the three months ended June 30, 2023, the Company did not repurchase shares under the Stock Repurchase Plan through open market purchases. 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. The weighted-average price per share for the share repurchase was $22.04.

As of June 30, 2024, approximately $483,689 remained available for stock repurchase pursuant to the Stock Repurchase Plan.

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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, 2024, 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

The Company's Class C common stock has no voting rights and is not convertible into shares of Class A common stock or Class B common stock.

As of June 30, 2024, 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.

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, 2024 and 2023, the Company did not declare or pay any dividends.

Accumulated other comprehensive loss activity for the three and six months ended June 30, 2024 and 2023 was as follows:

			Foreign Currency Translation Adjustments						Net Unrealized Losses on Marketable Securities						Total Accumulated Other Comprehensive Loss
Balance at December 31, 2023			$	(843)					$	—					$	(843)
Other comprehensive income/(loss) before reclassifications			44						(27)						17
Other comprehensive income/(loss)			44						(27)						17
Balance at March 31, 2024			$	(799)					$	(27)					$	(826)
Other comprehensive loss before reclassifications			(374)						(80)						(454)
Other comprehensive loss			(374)						(80)						(454)
Balance at June 30, 2024			$	(1,173)					$	(107)					$	(1,280)

			Foreign Currency Translation Adjustments						Net Unrealized (Losses)/Gains on Marketable Securities						Total Accumulated Other Comprehensive Loss
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)

Amounts reclassified out of accumulated other comprehensive loss, net of taxes, during the three and six months ended June 30, 2024 and 2023 were not material.

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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.

A summary of the Company’s stock option activity for the 2008 Plan during the six months ended June 30, 2024 is as follows:

			Number of Options						Weighted- Average Exercise Price
As of December 31, 2023			1,117,616						$	2.56
Exercised			(1,030,422)						2.51
Expired			(1)						1.82
As of June 30, 2024			87,193						$	3.13
Vested at June 30, 2024			87,193						$	3.13
Exercisable at June 30, 2024			87,193						$	3.13

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 are subject to continuous service, 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. 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. RSUs and PSUs are measured based on the closing price of the Company's Class A common stock as reported on the date of grant. RSUs are subject to continuous service and generally vest over four years. PSUs are subject to continuous service and generally vest over three years based on the achievement of certain performance targets over a one-year performance cycle. The percentage of PSUs that will vest can range from 0% to 200% of the target number of shares granted based on the performance targets that are achieved. The Company begins recognizing stock-based compensation costs when the achievement of a performance target becomes probable. Quarterly, the Company reassesses the probability of each possible outcome and, if applicable, recognizes a cumulative adjustment for any changes to the previously determined expectation using the grant date fair value of the PSU award. The Company recognizes stock-based compensation expense for PSUs ratably, net of forfeitures, over the requisite service period, which is the vesting period.

During the six months ended June 30, 2024, the Company granted 349,417 shares of Class A common stock in the form of PSUs under the 2021 Plan. Additionally, the granted activity below includes 111,738 PSUs awarded for the achievement of performance targets as of December 31, 2023 which were approved by the Company’s board of directors during the six months ended June 30, 2024.

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A summary of the Company’s RSU and PSU activity during the six months ended June 30, 2024, is as follows:

			Number of Share Units						Weighted Average Grant Date Fair Value Per Share Unit
Outstanding – December 31, 2023			10,025,607						$28.31
Granted			4,832,302						32.57
Vested			(2,599,225)						28.61
Forfeited			(733,200)						29.91
Outstanding – June 30, 2024			11,525,484						$29.92

In connection with the vesting of shares, the Company reacquired 300,446 shares for $13,262 and 1,069,635 shares for $37,284 during the three and six months ended June 30, 2024, respectively, in order to satisfy employee tax withholding obligations. The employees received the net number of shares after consideration to those reacquired. The reacquired shares subsequently became available again for issuance under the Plan.

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 (the “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 $1,776 and $3,551 during the three and six months ended June 30, 2024, respectively, and $4,869 and $9,685 during the three and six months ended June 30, 2023, 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,
			2024						2023						2024						2023
Cost of revenue			$	2,026					$	1,549					$	3,795					$	2,601
Research and product development			19,025						15,650						34,675						26,337
Marketing and sales			3,590						3,045						6,801						4,916
General and administrative			8,157						9,235						15,694						17,751
Total stock-based compensation			$	32,798					$	29,479					$	60,965					$	51,605

The amount above excludes $593 and $1,404 of stock-based compensation capitalized as property and equipment, net, for the three and six months ended June 30, 2024, respectively, and $1,169 and $1,638 for the three and six months ended June 30, 2023, respectively.

On September 1, 2014, the Company entered into an agreement with Getty Images to resell certain content to the Company’s customers. A member of the Company’s board of directors is a Co-Founder and board member of Getty Images. Amounts recorded in connection with this agreement were not material for the three and six months ended June 30, 2024 and 2023.

On May 13, 2024, in connection with the Merger Agreement, the Company entered into support agreements with the Company's Chief Executive Officer, Anthony Casalena, and certain other affiliates of the Company, affiliates of General Atlantic and affiliates of Accel (together, the "Affiliated Buyer Parties"). As of June 30, 2024, there are no amounts recorded in the condensed consolidated financial statements for transactions between the Company and the Affiliated Buyer Parties. See "Note 1. Description of Business" for further information on the Proposed Merger.

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The following table sets forth the computation of basic and diluted net income per share:

			Three Months Ended June 30,												Six Months Ended June 30,
			2024						2023						2024						2023
Numerator:
Net income			$	6,133					$	3,660					$	6,277					$	4,162
Denominator:
Weighted-average shares used in computing net income per share, basic			137,760,693						135,302,409						137,348,777						135,111,072
Effect of dilutive securities			4,382,325						3,469,204						4,070,744						2,902,382
Weighted-average shares used in computing net income per share, diluted			142,143,018						138,771,613						141,419,521						138,013,454
Net income per share, basic			$	0.04					$	0.03					$	0.05					$	0.03
Net income per share, diluted			$	0.04					$	0.03					$	0.04					$	0.03

The following weighted-average outstanding shares of potentially dilutive securities were excluded from the computation of diluted net income per share for the periods presented because including them would have been antidilutive:

			Three Months Ended June 30,												Six Months Ended June 30,
			2024						2023						2024						2023
Stock options			—						—						—						—
RSUs and PSUs			164,135						683,691						227,044						1,109,292
Total			164,135						683,691						227,044						1,109,292

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v3.24.2.u1

Cover	6 Months Ended
	Jun. 30, 2024 shares
Document Information [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jun. 30, 2024
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	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Amendment Flag	false
Entity Central Index Key	0001496963
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	Q2
Class A Common Stock
Document Information [Line Items]
Entity Common Stock, Shares Outstanding	90,630,649
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

v3.24.2.u1

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Current assets:
Cash and cash equivalents	$ 270,363	$ 257,702
Restricted cash	0	36,583
Investment in marketable securities	52,041	0
Accounts receivable	41,384	24,894
Due from vendors	0	6,089
Prepaid expenses and other current assets	83,016	48,947
Total current assets	446,804	374,215
Property and equipment, net	49,609	58,211
Operating lease right-of-use assets	61,016	77,764
Goodwill	196,522	210,438
Intangible assets, net	140,839	190,103
Other assets	11,560	11,028
Assets of business held for sale	94,529	0
Total assets	1,000,879	921,759
Current liabilities:
Accounts payable	21,933	12,863
Accrued liabilities	98,933	99,435
Deferred revenue	397,923	333,191
Funds payable to customers	0	42,672
Debt, current portion	57,140	48,977
Operating lease liabilities, current portion	11,281	12,640
Total current liabilities	587,210	549,778
Deferred income taxes, non-current portion	1,164	1,039
Debt, non-current portion	487,846	519,816
Operating lease liabilities, non-current portion	71,843	97,714
Other liabilities	18,940	13,764
Liabilities of business held for sale	76,745	0
Total liabilities	1,243,748	1,182,111
Commitments and contingencies (see Note 11)
Stockholders’ deficit:
Additional paid in capital	936,277	924,634
Accumulated other comprehensive loss	(1,280)	(843)
Accumulated deficit	(1,177,880)	(1,184,157)
Total stockholders’ deficit	(242,869)	(260,352)
Total liabilities and stockholders’ deficit	1,000,879	921,759
Class A Common Stock
Stockholders’ deficit:
Common stock	9	9
Class B Common Stock
Stockholders’ deficit:
Common stock	5	5
Class C Common Stock
Stockholders’ deficit:
Common stock	$ 0	$ 0

v3.24.2.u1

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Jun. 30, 2024	Dec. 31, 2023
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)	90,630,649	88,545,012
Common stock, outstanding (in shares)	90,630,649	88,545,012
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

v3.24.2.u1

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Income Statement [Abstract]
Revenue	$ 296,769	$ 247,529	$ 577,917	$ 484,557
Cost of revenue	82,939	43,167	163,713	86,117
Gross profit	213,830	204,362	414,204	398,440
Operating expenses:
Research and product development	69,805	61,412	136,651	119,982
Marketing and sales	88,282	75,373	205,815	177,045
General and administrative	38,873	30,909	69,696	63,249
Total operating expenses	196,960	167,694	412,162	360,276
Operating income	16,870	36,668	2,042	38,164
Interest expense	(10,157)	(8,635)	(20,538)	(16,729)
Other income, net	4,454	2,038	9,031	1,198
Income/(loss) before (provision for)/benefit from income taxes	11,167	30,071	(9,465)	22,633
(Provision for)/benefit from income taxes	(5,034)	(26,411)	15,742	(18,471)
Net income	$ 6,133	$ 3,660	$ 6,277	$ 4,162
Net income per share, basic (in dollars per share)	$ 0.04	$ 0.03	$ 0.05	$ 0.03
Net income per share, dilutive (in dollars per share)	$ 0.04	$ 0.03	$ 0.04	$ 0.03
Weighted-average shares used in computing net income per share, basic (in shares)	137,760,693	135,302,409	137,348,777	135,111,072
Weighted-average shares used in computing net income per share, dilutive (in shares)	142,143,018	138,771,613	141,419,521	138,013,454

v3.24.2.u1

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Statement of Comprehensive Income [Abstract]
Net income	$ 6,133	$ 3,660	$ 6,277	$ 4,162
Other comprehensive (loss)/income
Foreign currency translation adjustment	(374)	(296)	(330)	(38)
Unrealized (loss)/gain on marketable securities, net of income taxes	(80)	0	(107)	216
Total other comprehensive (loss)/income	(454)	(296)	(437)	178
Total comprehensive income	$ 5,679	$ 3,364	$ 5,840	$ 4,340

v3.24.2.u1

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 Loss	Accumulated Deficit
Beginning balance (in shares) at Dec. 31, 2022					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
Exercised (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 and retirement of Class A common stock (in shares)					(1,256,170)
Repurchase and retirement of Class A common stock	(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
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 and retirement of Class A common stock (in shares)		(1,256,170)
Repurchase and retirement of Class A common stock		$ (25,321)
Net income (loss)	4,162
Ending balance (in shares) at Jun. 30, 2023					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
Exercised (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)
Repurchase and retirement of Class A common stock (in shares)		0
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
Ending balance at Jun. 30, 2023	(291,196)				$ 8	$ 5	$ 0	883,192	(1,487)	(1,172,914)
Beginning balance (in shares) at Dec. 31, 2023		88,545,012	47,844,755	0	88,545,012	47,844,755	0
Beginning balance at Dec. 31, 2023	(260,352)				$ 9	$ 5	$ 0	924,634	(843)	(1,184,157)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Stock-based compensation	28,979							28,979
Exercised (in shares)					420,214
Stock option exercises	841							841
Vested RSUs converted to common shares (in shares)					1,808,975
Taxes paid related to net share settlement of equity awards (in shares)					(769,189)
Taxes paid related to net share settlement of equity awards	(24,022)							(24,022)
Repurchase and retirement of Class A common stock (in shares)					(320,793)
Repurchase and retirement of Class A common stock	(12,164)							(12,164)
Excise tax on repurchase of Class A common stock	284							284
Net income (loss)	144									144
Total other comprehensive income (loss), net of taxes	17								17
Ending balance (in shares) at Mar. 31, 2024					89,684,219	47,844,755	0
Ending balance at Mar. 31, 2024	(266,273)				$ 9	$ 5	$ 0	918,552	(826)	(1,184,013)
Beginning balance (in shares) at Dec. 31, 2023		88,545,012	47,844,755	0	88,545,012	47,844,755	0
Beginning balance at Dec. 31, 2023	$ (260,352)				$ 9	$ 5	$ 0	924,634	(843)	(1,184,157)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Exercised (in shares)	1,030,422
Taxes paid related to net share settlement of equity awards (in shares)					(1,069,635)
Taxes paid related to net share settlement of equity awards								(37,284)
Repurchase and retirement of Class A common stock (in shares)		(474,375)
Repurchase and retirement of Class A common stock		$ (16,311)
Net income (loss)	$ 6,277
Ending balance (in shares) at Jun. 30, 2024		90,630,649	47,844,755	0	90,630,649	47,844,755	0
Ending balance at Jun. 30, 2024	(242,869)				$ 9	$ 5	$ 0	936,277	(1,280)	(1,177,880)
Beginning balance (in shares) at Mar. 31, 2024					89,684,219	47,844,755	0
Beginning balance at Mar. 31, 2024	(266,273)				$ 9	$ 5	$ 0	918,552	(826)	(1,184,013)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Stock-based compensation	33,390							33,390
Exercised (in shares)					610,208
Stock option exercises	1,744							1,744
Vested RSUs converted to common shares (in shares)					790,250
Taxes paid related to net share settlement of equity awards (in shares)					(300,446)
Taxes paid related to net share settlement of equity awards	(13,262)							(13,262)
Repurchase and retirement of Class A common stock (in shares)		(153,582)			(153,582)
Repurchase and retirement of Class A common stock	(4,147)	$ (4,147)						(4,147)
Excise tax on repurchase of Class A common stock	0							0
Net income (loss)	6,133									6,133
Total other comprehensive income (loss), net of taxes	(454)								(454)
Ending balance (in shares) at Jun. 30, 2024		90,630,649	47,844,755	0	90,630,649	47,844,755	0
Ending balance at Jun. 30, 2024	$ (242,869)				$ 9	$ 5	$ 0	$ 936,277	$ (1,280)	$ (1,177,880)

v3.24.2.u1

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
OPERATING ACTIVITIES:
Net income	$ 6,277	$ 4,162
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	36,885	14,477
Stock-based compensation	60,965	51,605
Deferred income taxes	125	124
Non-cash lease income	(1,757)	(989)
Other	625	310
Changes in operating assets and liabilities:
Accounts receivable and due from vendors	(15,697)	2,364
Prepaid expenses and other current assets	(35,545)	(1,480)
Accounts payable and accrued liabilities	29,784	9,822
Deferred revenue	69,012	38,030
Funds payable to customers	(4,943)	(2,131)
Other operating assets and liabilities	117	408
Net cash provided by operating activities	145,848	116,702
INVESTING ACTIVITIES:
Proceeds from the sale and maturities of marketable securities	1,000	39,664
Purchases of marketable securities	(52,856)	(7,824)
Purchase of property and equipment	(6,074)	(7,167)
Net cash (used in)/provided by investing activities	(57,930)	24,673
FINANCING ACTIVITIES:
Principal payments on debt	(24,488)	(20,379)
Payments for repurchase and retirement of Class A common stock	(16,311)	(25,321)
Taxes paid related to net share settlement of equity awards	(37,640)	(20,318)
Proceeds from exercise of stock options	2,585	134
Net cash used in financing activities	(75,854)	(65,884)
Effect of exchange rate changes on cash, cash equivalents and restricted cash	(513)	165
Increase in cash, cash equivalents and restricted cash, including cash classified as assets of business held for sale	11,551	75,656
Less: Increase in cash, cash equivalents and restricted cash classified as assets of business held for sale	(35,473)	0
Net (decrease)/increase in cash, cash equivalents and restricted cash	(23,922)	75,656
Cash, cash equivalents and restricted cash at the beginning of the period	294,285	232,620
Cash, cash equivalents and restricted cash at the end of the period	270,363	308,276
Reconciliation of cash, cash equivalents, and restricted cash:
Cash and cash equivalents	270,363	274,004
Restricted cash	0	34,272
Cash, cash equivalents, and restricted cash at the end of the period	270,363	308,276
SUPPLEMENTAL DISCLOSURE OF CASH FLOW
Cash paid during the year for interest	19,883	16,360
Cash paid during the year for income taxes, net of refunds	31,231	22,902
Cash paid for amounts included in the measurement of operating lease liabilities	8,124	7,861
SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING AND FINANCE ACTIVITIES
Purchases of property and equipment included in accounts payable and accrued liabilities	295	196
Capitalized stock-based compensation	$ 1,404	$ 1,638

v3.24.2.u1

Description of Business	6 Months Ended
	Jun. 30, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Description of Business	Description of Business 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. Proposed Merger On May 13, 2024, the Company entered into a definitive agreement to go private with an affiliate of Permira, a global investment firm, in an all-cash transaction valued at approximately $6,900,000 on an enterprise value basis (the "Proposed Merger"). Specifically, the Company entered into an Agreement and Plan of Merger (the “Merger Agreement”) with Spaceship Purchaser, Inc., a Delaware corporation (“Parent”), and Spaceship Group MergerCo, Inc., a Delaware corporation and wholly owned subsidiary of Parent (“Merger Sub”, and together with Parent, the “Buyer Parties”), providing for the merger of Merger Sub with and into the Company, with the Company surviving such merger as a wholly owned subsidiary of Parent (the “Merger”). Under the terms of the Merger Agreement, each share of the Company's common stock outstanding as of immediately prior to the effective time of the Merger (the "Effective Time"), other than shares owned by the Company and certain shares owned by affiliates of Anthony Casalena, affiliates of General Atlantic and affiliates of Accel, will be cancelled and extinguished and automatically converted into the right to receive cash in an amount equal to $44.00, without interest thereon and subject to any applicable withholding taxes. If the Merger is consummated, the Company's Class A common stock will be de-listed from the New York Stock Exchange and de-registered under the Securities Exchange Act of 1934, as amended. The Merger Agreement contains customary representations, warranties, and covenants. Consummation of the Merger is subject to receipt of regulatory approvals and certain other conditions set forth in the Merger Agreement, including, but not limited to, (i) the affirmative vote of the holders of a majority in voting power of the outstanding shares of the Company's common stock beneficially owned, directly or indirectly, by Company stockholders not affiliated with Anthony Casalena, General Atlantic, Accel, Permira or the directors and officers of the Company; (ii) the accuracy of the representations and warranties of the Company in the Merger Agreement, subject to applicable materiality or other qualifiers, as of certain dates set forth in the Merger Agreement; (iii) the Company having performed and complied in all material respects with all covenants under the Merger Agreement required to be performed and complied with by it at or prior to the closing of the Merger; (iv) receipt by the Buyer Parties of a customary closing certificate of the Company; and no Company material adverse effect having occurred after the date of the Merger Agreement; and (v) no order, injunction or judgment issued by any governmental authority preventing the consummation of the Merger being in effect, nor shall any action have been taken by any such governmental authority, and no statute, rule, regulation or order having been enacted, entered, enforced or deemed applicable to the Merger that, in each case, prohibits, makes illegal, or enjoins the consummation of the Merger. The Company's Board of Directors unanimously authorized, adopted and approved the Merger Agreement. Upon satisfaction of these and other customary closing conditions, the transaction is expected to close by the fourth quarter of 2024. The Company cannot predict with certainty, however, whether and when all of the required closing conditions will be satisfied or if the Merger will close. The Merger Agreement contains certain termination rights for the Buyer Parties. Upon termination of the Merger Agreement under specified circumstances, including the Company terminating the Merger Agreement to enter into an alternative acquisition agreement with respect to a superior proposal in accordance with the Merger Agreement or Parent terminating the Merger Agreement due to a recommendation change as defined in the Merger Agreement, in each case, pursuant to and in accordance with a customary "fiduciary out" provision in the Merger Agreement, the Company will be required to pay Parent a termination fee of $198,700. The $198,700 termination fee will also be payable by the Company concurrently with the consummation of an acquisition transaction if the Merger Agreement is terminated under certain circumstances and prior to such termination, an acquisition proposal for an acquisition transaction has been made to the Company or has been publicly announced, proposed, disclosed or otherwise communicated and not withdrawn or otherwise abandoned and within 12 months after the termination any acquisition transaction is consummated or the Company enters into an agreement providing for any acquisition transaction. The Merger Agreement also contains certain termination rights for the Company. Upon termination of the Merger Agreement under specified circumstances, Parent will be required to pay the Company a termination fee of approximately $231,817. In addition to the foregoing termination rights, and subject to certain limitations, the Company or Parent may terminate the Merger Agreement if the Merger is not consummated by May 12, 2025. Also on May 13, 2024, in connection with the execution of the Merger Agreement, Parent has delivered (a) equity commitment letters between Parent and the financing sources identified therein, pursuant to which such financing sources have committed, subject to the terms and conditions contained therein, to invest in Parent, directly or indirectly, the cash amounts set forth therein (the “Equity Commitment Letters”) and (b) a debt commitment letter executed by the financing sources identified therein, pursuant to which such financing sources have committed, subject to the terms and conditions contained therein, to provide Parent with debt financing in the amounts specified therein (the “Debt Commitment Letter”). The proceeds of the Equity Commitment Letters and the Debt Commitment Letter are intended to fund the merger consideration payable in the Merger, on the terms and subject to the conditions set forth therein. The Company is an express limited third party beneficiary of certain rights in the Equity Commitment Letters, on the terms and subject to the conditions set forth therein. Additionally, on May 13, 2024, in connection with the execution of the Merger Agreement, Parent has delivered a fee funding agreement in favor of the Company and pursuant to which, on the terms and subject to the conditions contained therein, certain investors affiliated with Permira are agreeing to pay a portion of certain obligations of the Buyer Parties in connection with the Merger Agreement. The foregoing description of the Merger Agreement and the transactions contemplated thereby does not purport to be complete, and is subject to, and qualified in its entirety by reference to, the full text of the Merger Agreement, which is attached as Exhibit 2.1 of the Company’s Current Report on Form 8-K filed on May 13, 2024 and incorporated by reference herein. The Company's transaction expenses associated with the negotiation of the Merger Agreement were $4,198 and were included in general and administrative expenses in the condensed consolidated statements of operations for the three and six months ended June 30, 2024. The Merger Agreement did not otherwise impact the Company’s condensed consolidated financial statements as of June 30, 2024. Acquisitions On September 7, 2023, the Company closed an asset purchase agreement with Google LLC ("Google") to acquire, among other things, Google's domain assets, including all domain names for which Google was the registrar or reseller, for a total amount paid of $180,721 (the "Google Domains Asset Acquisition").

v3.24.2.u1

Summary of Significant Accounting Policies	6 Months Ended
	Jun. 30, 2024
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, 2023 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 February 28, 2024. 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 inputs used in the valuation of acquired intangible assets; (ii) the inputs used in the quantitative assessment over goodwill impairment; (iii) the recognition, measurement and valuation of current and deferred income taxes; (iv) amount of applicable indirect tax nexus in different jurisdictions and associated indirect tax liabilities; and (v) 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, as well as marketable securities, are held by four financial institutions. The Company has not experienced any concentration losses related to its cash, cash equivalents and marketable securities to date. During the three and six months ended June 30, 2024 and 2023, no single customer accounted for more than 10% of the Company’s revenue. As of June 30, 2024 and December 31, 2023, one customer accounted for 30% and 37%, respectively, of the Company's accounts receivable. 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 $2,634 and $5,617 for the three and six months ended June 30, 2024, respectively, and $1,472 and $2,534 for the three and six months ended June 30, 2023, respectively, and was included in other income, net in the condensed consolidated statements of operations. Restricted Cash and Payment Processing Transactions The Company holds funds and processes certain payments on behalf of its customers consisting of prepayments for restaurant reservations, to-go orders and events. While the Company does not have any contractual obligations to hold such cash as restricted, the prepayments have been historically included in restricted cash in the condensed consolidated balance sheets. As of June 30, 2024, these prepayments were included in assets of business held for sale in the condensed consolidated balance sheet. In addition, the Company historically recognized the liability due to its customers in funds payable to customers in the condensed consolidated balance sheets. As of June 30, 2024, these liabilities were included in liabilities of business held for sale in the condensed consolidated balance sheet. The Company remits funds to customers based on the stipulated contract terms. In addition to restricted cash held on behalf of its 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 have been historically included in due from vendors in the condensed consolidated balance sheets. As of June 30, 2024, these in-transit receivables were included in assets of business held for sale in the condensed consolidated balance sheet. See “Note 4. Business Held for Sale” for further information on assets and liabilities classified as held for sale as of June 30, 2024. The following table represents the assets and liabilities related to payment processing transactions for restaurant reservations, to-go orders and events: June 30, 2024 December 31, 2023 Restricted cash $ 32,685  $ 36,583  Due from vendors 5,044  6,089  Total payment processing assets 37,729  42,672  Funds payable to customers (37,729) (42,672) Total payment processing liabilities (37,729) (42,672) Total payment processing transactions, net $ —  $ —  Investment in Marketable Securities The Company classifies its investment in marketable securities as available for sale securities which are stated at fair value, as determined by quoted market prices. Unrealized gains and losses are included in accumulated other comprehensive loss in the condensed consolidated balance sheets. Unrealized losses are evaluated for impairment and those considered other than temporarily impaired are included in other income, net in the condensed consolidated statements of operations. Subsequent gains or losses realized upon redemption or sale of these securities in excess or below their adjusted cost basis are also included in other income, net in the condensed consolidated statements of operations. The cost of securities sold is based upon the specific identification method. The Company considers all of its investment in marketable securities, irrespective of the maturity date, as available for use in current operations, and therefore classifies these securities within current assets in the condensed consolidated balance sheet. 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. Business Held for Sale The Company classifies assets and liabilities to be disposed of by sale ("disposal group") as held for sale when (i) management commits to a plan to sell the disposal group; (ii) the disposal group is available for immediate sale in its present condition; (iii) an active program required to complete the plan to sell the disposal group has been initiated; (iv) the sale of the disposal group is probable, and transfer of the disposal group is expected to qualify for recognition as a completed sale, within one year; (v) the disposal group is for sale at a price that is reasonable in relation to its current fair value; and (vi) it is unlikely that significant changes to the plan will be made or that the plan will be withdrawn. Once classified as held for sale, depreciation and amortization of the long-lived assets included in the disposal group cease and the disposal group is measured at the lower of its carrying value or fair value less costs to sell. If the disposal group constitutes a business in accordance with ASC Topic 805, Business Combinations, the Company allocates a portion of its reporting unit's goodwill to the disposal group on a relative fair value basis. Net Income/(Loss) Per Share The Company computes net income/(loss) per share under the two-class method required for multiple classes of common stock. The rights, including the liquidation and dividend rights, of the Class A, Class B and Class C common stock are substantially identical, other than voting rights. Accordingly, the Class A, Class B and Class C common stock share in the Company’s earnings. Basic net income/(loss) per share is computed by dividing net income/(loss) by the weighted-average number of shares of the Company’s Class A, Class B and Class C common stock outstanding. Diluted net income per share is computed by giving effect to all dilutive securities. During periods of net loss, potentially dilutive Class A, Class B and Class C common stock equivalents are excluded from the calculation as their effect is anti-dilutive. During periods of net income, diluted net income per share is computed by dividing net income by the resulting weighted-average number of fully diluted Class A, Class B and Class C common stock outstanding. Recently Issued Accounting Pronouncements Accounting Pronouncements Pending Adoption In November 2023, the FASB issued ASU No. 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures (“ASU 2023-07”). This standard improves reportable segment disclosure requirements, primarily through enhanced disclosures about significant segment expenses. ASU 2023-07 is effective for fiscal years beginning after December 15, 2023, and interim periods within fiscal years beginning after December 15, 2024 on a retrospective basis, with early adoption permitted. The Company is currently evaluating the timing of its adoption of this standard and the impact in its condensed consolidated financial statements. In December 2023, the FASB issued ASU No. 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosure (“ASU 2023-09”). This standard provides transparency to income tax disclosures related to the rate reconciliation and income taxes paid information. ASU 2023-09 is effective for fiscal years beginning after December 15, 2024 for public entities on a prospective or retrospective basis, with early adoption permitted. The Company is currently evaluating the timing of its adoption of this standard and the impact in its condensed consolidated financial statements.

v3.24.2.u1

Revenue	6 Months Ended
	Jun. 30, 2024
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 the Company’s 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, whereby 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, memberships, courses, 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 payment volume processed through Business plan sites, certain hospitality offerings and the Company's native payment processing solution. 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, 2024 Six Months Ended June 30, 2024 Presence Commerce Total Presence Commerce Total Subscription revenue Transferred over time $ 207,548  $ 62,162  $ 269,710  $ 401,594  $ 123,361  $ 524,955  Transferred at a point in time 6,936  —  6,936  12,925  —  12,925  Non-subscription revenue Transferred over time 802  1,040  1,842  1,532  1,968  3,500  Transferred at a point in time 87  18,194  18,281  206  36,331  36,537  Total revenue $ 215,373  $ 81,396  $ 296,769  $ 416,257  $ 161,660  $ 577,917  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  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, 2024 2023 2024 2023 United States $ 212,424  $ 177,195  $ 413,459  $ 346,949  International 84,345  70,334  164,458  137,608  Total revenue $ 296,769  $ 247,529  $ 577,917  $ 484,557  Currently no individual country contributes greater than 10% of total international revenue. Deferred Revenue The deferred revenue balance as of June 30, 2024 and December 31, 2023 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 $98,017 and $249,283 of revenues recognized during the three and six months ended June 30, 2024, respectively, and $79,714 and $203,843 during the three and six months ended June 30, 2023, respectively. Capitalized Contract Costs Assets capitalized related to contract costs consisted of the following: June 30, 2024 December 31, 2023 Capitalized referral fees, current $ 7,624  $ 7,626  Capitalized referral fees, non-current 10,429  9,715  Capitalized app fees, current 733  750  Sales commissions, current (1) 60  496  Sales commissions, non-current (2) 83  144  Total capitalized contract costs $ 18,929  $ 18,731  ________________ (1)Excludes $776 of sales commissions, current which have been reclassified to assets of business held for sale in the condensed consolidated balance sheet as of June 30, 2024. See "Note 4. Business Held for Sale" for further information. (2)Excludes $371 of sales commissions, non-current which have been reclassified to assets of business held for sale in the condensed consolidated balance sheet as of June 30, 2024. See "Note 4. Business Held for Sale" for further information. Amortization of capitalized contract costs was included in the following line items in the condensed consolidated statements of operations: Three Months Ended June 30, Six Months Ended June 30, 2024 2023 2024 2023 Cost of revenue $ 734  $ 848  $ 1,483  $ 1,709  Marketing and sales 2,411  2,513  5,004  4,580  Total amortization of capitalized contract costs $ 3,145  $ 3,361  $ 6,487  $ 6,289  There were no impairment charges recognized related to capitalized contract costs for the three and six months ended June 30, 2024 and 2023. 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, 2024 and December 31, 2023, the Company's obligation for refunds was not material.

v3.24.2.u1

Business Held For Sale	6 Months Ended
	Jun. 30, 2024
Discontinued Operations and Disposal Groups [Abstract]
Business Held For Sale	Business Held for Sale On June 21, 2024, the Company entered into a securities purchase agreement with American Express Travel Related Services Company, Inc. ("American Express") whereby American Express has agreed to acquire all of the issued and outstanding limited liability company interests of the Company's hospitality platform, Tock LLC, for cash proceeds of $400,000 (the "Divestiture"). The Divestiture is expected to be completed within one year and is subject to certain customary closing adjustments and conditions. Business held for sale comprised of the following assets and liabilities as of June 30, 2024: June 30, 2024 Cash and cash equivalents $ 2,788  Restricted cash 32,685  Accounts receivable, net 274  Due from vendors 5,044  Prepaid expenses and other current assets 1,567  Property and equipment, net 7,268  Operating lease right-of-use assets 9,925  Goodwill 13,916  Intangible assets, net 20,689  Other assets 373  Total assets of business held for sale $ 94,529  Accounts payable $ 1,160  Accrued liabilities 19,157  Deferred revenue 63  Funds payable to customers 37,729  Operating lease liabilities, current portion 1,326  Operating lease liabilities, non-current portion 17,310  Total liabilities of business held for sale $ 76,745

v3.24.2.u1

Investment in Marketable Securities	6 Months Ended
	Jun. 30, 2024
Investments, Debt and Equity Securities [Abstract]
Investment in Marketable Securities	Investment in Marketable Securities The following table represents the amortized cost, gross unrealized gains and losses and fair market value of the Company’s available-for-sale (“AFS”) marketable securities as of June 30, 2024: June 30, 2024 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Aggregate Fair Value Corporate bonds and commercial paper $ 40,359  $ —  $ (72) $ 40,287  U.S. treasuries 11,789  —  (35) 11,754  Total investment in marketable securities $ 52,148  $ —  $ (107) $ 52,041  The Company's gross unrealized losses and fair values for those investments that were in an unrealized loss position as of June 30, 2024, aggregated by investment category and the length of time that individual securities have been in a continuous loss position were as follows: June 30, 2024 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 $ 39,948  $ (72) $ —  $ —  $ 39,948  $ (72) U.S. treasuries 11,633  (35) —  —  11,633  (35) Total investment in marketable securities $ 51,581  $ (107) $ —  $ —  $ 51,581  $ (107) The Company recognized unrealized losses of $80 and $107 with respect to its AFS marketable securities during the three and six months ended June 30, 2024, respectively. The unrealized losses were due to changes in market rates and were determined to be temporary in nature. The unrealized losses were included in accumulated other comprehensive loss in the condensed consolidated balance sheet as of June 30, 2024. 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: June 30, 2024 Due within 1 year $ 31,136  Due in 1 year through 5 years 20,905  Total investment in marketable securities $ 52,041  The Company did not own any AFS marketable securities as of December 31, 2023.

v3.24.2.u1

Fair Value of Financial Instruments	6 Months Ended
	Jun. 30, 2024
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, 2024 Level 1 Level 2 Level 3 Total Cash equivalents Money market funds $ 214,495  $ —  $ —  $ 214,495  Available-for-sale debt securities Corporate bonds and commercial paper —  40,287  —  40,287  U.S. treasuries 11,754  —  —  11,754  Total $ 226,249  $ 40,287  $ —  $ 266,536  December 31, 2023 Level 1 Level 2 Level 3 Total Cash equivalents Money market funds $ 194,210  $ —  $ —  $ 194,210  Total $ 194,210  $ —  $ —  $ 194,210  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.

v3.24.2.u1

Prepaid Expenses and Other Current Assets	6 Months Ended
	Jun. 30, 2024
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Prepaid Expenses and Other Current Assets	Prepaid Expenses and Other Current Assets Prepaid expenses and other current assets consisted of the following: June 30, 2024 December 31, 2023 Prepaid income taxes $ 52,667  $ 3,402  Prepaid operational expenses (1) 11,383  12,183  Capitalized contract costs (2) 8,417  8,872  Prepaid domain name registration fees 6,864  12,073  Prepaid advertising expenses 312  5,804  Other current assets (3) 3,373  6,613  Total prepaid expenses and other current assets $ 83,016  $ 48,947  __________________ (1)Excludes $699 of prepaid operational expenses which have been reclassified to assets of business held for sale in the condensed consolidated balance sheet as of June 30, 2024. See "Note 4. Business Held for Sale" for further information. (2)Excludes $776 of capitalized contract costs which have been reclassified to assets of business held for sale in the condensed consolidated balance sheet as of June 30, 2024. See "Note 4. Business Held for Sale" for further information. (3)Excludes $92 of other current assets which have been reclassified to assets of business held for sale in the condensed consolidated balance sheet as of June 30, 2024. See "Note 4. Business Held for Sale" for further information. As of June 30, 2024 and December 31, 2023, the Company had $377 and $3,895, respectively, in deposits for domain name registration fees at certain third-party registries in relation to the Google Domains Asset Acquisition included as other current assets above.

v3.24.2.u1

Accrued Liabilities	6 Months Ended
	Jun. 30, 2024
Payables and Accruals [Abstract]
Accrued Liabilities	Accrued Liabilities Accrued liabilities consisted of the following: June 30, 2024 December 31, 2023 Accrued product expenses 35,565  22,569  Accrued marketing expenses (1) 24,395  24,998  Accrued indirect taxes (2) $ 22,931  $ 38,174  Accrued payroll expenses (3) 3,001  4,247  Other accrued expenses (4) 13,041  9,447  Total accrued liabilities $ 98,933  $ 99,435  __________________ (1)Excludes $115 of accrued marketing expenses which have been reclassified to liabilities of business held for sale in the condensed consolidated balance sheet as of June 30, 2024. See "Note 4. Business Held for Sale" for further information. (2)Excludes $16,980 of accrued indirect taxes which have been reclassified to liabilities of business held for sale in the condensed consolidated balance sheet as of June 30, 2024. See "Note 4. Business Held for Sale" for further information. (3)Excludes $1,028 of accrued payroll expenses which have been reclassified to liabilities of business held for sale in the condensed consolidated balance sheet as of June 30, 2024. See "Note 4. Business Held for Sale" for further information. (4)Excludes $1,034 of other accrued expenses which have been reclassified to liabilities of business held for sale in the condensed consolidated balance sheet as of June 30, 2024. See "Note 4. Business Held for Sale" for further information.

v3.24.2.u1

Debt	6 Months Ended
	Jun. 30, 2024
Debt Disclosure [Abstract]
Debt	Debt Debt outstanding as of June 30, 2024 and December 31, 2023 was as follows: June 30, 2024 December 31, 2023 Term Loan $ 546,910  $ 571,398  Less: unamortized original issue discount (1,301) (1,761) Less: unamortized deferred financing costs (623) (844) Less: debt, current (57,140) (48,977) Total debt, non-current $ 487,846  $ 519,816  Credit Facility On December 12, 2019, the Company entered into a credit agreement (the “2019 Credit Agreement”) with certain lending institutions (the “Credit Facility”) which included Initial Term A Loans for $350,000 (the "2019 Term Loan”), and Revolving Credit Loans of up to $25,000 (the “2019 Revolving Credit Facility”), which included a Letters of Credit sub-facility available up to a total of $15,000. On December 11, 2020, the Company amended the 2019 Credit Agreement (the “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 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. On June 15, 2023, the Company amended the 2020 Credit Agreement (as amended, the "Credit Agreement") to increase the total size of the 2020 Term Loan to $650,000 (collectively, the "Term Loan") and, effective June 30, 2023, replace LIBOR as the benchmark rate with SOFR. The proceeds from the additional term loan commitments were funded on September 7, 2023 and used to partially fund the Google Domains Asset Acquisition, together with cash on hand. 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 prior to June 30, 2023. Effective June 30, 2023, under the Credit Agreement, LIBOR as the benchmark rate was replaced with SOFR. The applicable margin was 1.60%, which includes a credit spread adjustment of 0.10%, and 1.50% as of June 30, 2024 and 2023, respectively. The effective interest rate was 6.94% and 6.70% as of June 30, 2024 and 2023, respectively. The effective interest rate for the Company’s final LIBOR payment, made on June 22, 2023, was 6.69%. As of June 30, 2024, $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, 2024 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. 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 Credit Agreement, payable quarterly to the lenders in respect of the unutilized commitments. The 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 Credit Agreement contains certain negative covenants for an indebtedness to consolidated EBITDA ratio, as defined by the Credit Agreement, and commencing with December 31, 2020 and all fiscal quarters thereafter through maturity. For the fiscal quarter ended June 30, 2024, and each fiscal quarter thereafter, the Company is required to maintain an indebtedness to consolidated EBITDA ratio of not more than 3.75 (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. If the Company is not in compliance with the covenants under the 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 Credit Agreement. As of June 30, 2024, the Company was in compliance with all applicable covenants, including the Financial Covenant. Consolidated EBITDA is defined in the Credit Agreement as net income/(loss) adjusted to exclude interest expense, other income/(loss), net, (provision for)/benefit from 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 Credit Facility are as follows: Year Ending December 31, Amount Remainder of 2024 $ 24,488  2025 522,422  Total $ 546,910

v3.24.2.u1

Income Taxes	6 Months Ended
	Jun. 30, 2024
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes For interim periods, the Company 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 months ended June 30, 2024 and 2023, the Company recorded an income tax expense of $5,034 and $26,411, respectively, which resulted in an effective tax rate of (45.1)% and (87.8)%, respectively. For the six months ended June 30, 2024 and 2023, the Company recorded an income tax benefit of $15,742 and an income tax expense of $18,471, respectively, which resulted in an effective tax rate of (166.3)% and (81.6)%, respectively. The Company’s estimated annual effective income tax rate for the three and six months ended June 30, 2024 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 as required by the 2017 Tax Cuts and Jobs Act, nondeductible executive compensation, unrecognized tax benefits, state and local income taxes, and nondeductible stock-based compensation, partially offset by research and development tax credits, windfall from stock-based compensation, deduction from foreign-derived intangible income, and the effect of foreign operations. The Company’s estimated annual 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. As of June 30, 2024, the Company considered a significant portion of the earnings of foreign subsidiaries to be not permanently reinvested outside the U.S. The incremental deferred federal and state income taxes or foreign withholding taxes were not material to the condensed consolidated financial statements as those respective earnings have previously been subject to U.S. taxation or will receive a dividend received deduction. All unrecognized tax benefits have been recorded to other liabilities in the condensed consolidated balance sheets. As of June 30, 2024, unrecognized tax benefits approximated $13,237, all of which would affect the effective tax rate if recognized. 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. The Company does not believe that its unrecognized tax benefits as of June 30, 2024 will significantly increase or decrease within the next twelve months. 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, 2024 will decrease by approximately $533 within the next twelve months due to expiring statutes of limitation. The Company’s policy is to include interest and penalties related to unrecognized tax benefits within the Company's (provision for)/benefit from income taxes. Accrued interest and penalties were $1,487 and $497 as of June 30, 2024 and 2023, respectively, and were included in other liabilities in the condensed consolidated balance sheets. The Company’s corporate federal income tax returns for the years ended December 31, 2020 through December 31, 2023 remain subject to examination by the Internal Revenue Service. The Company’s corporate income tax returns for the years ended December 31, 2020 through December 31, 2023 remain subject to examination by taxing authorities in various U.S. states and foreign jurisdictions. 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. In December 2021, the OECD proposed the Pillar Two framework as part of the OECD/G20 Base Erosion and Profit Shifting (BEPS) Project which makes changes to existing tax laws, including a 15% global minimum tax (“BEPS Pillar Two”). Several countries have enacted tax legislation with proposals from the BEPS Pillar Two framework, with an effective date starting in 2024. While we continue to monitor further legislation and guidance in the non-US jurisdictions in which we operate, we have evaluated the impact of the published legislation and although not material to the condensed consolidated financial statements, we have included the impacts in the estimated annual effective tax rate for the three and six months ended June 30, 2024. 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. The Company recognized Ireland-related research and development tax credits of $306 and $482 during the three and six months ended June 30, 2024, respectively, and $338 and $614 during the three and six months ended June 30, 2023, respectively, as a reduction to research and product development in the condensed consolidated statements of operations.

v3.24.2.u1

Commitment and Contingencies	6 Months Ended
	Jun. 30, 2024
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. This also includes the requirement for e-commerce platforms to collect and remit taxes on certain sales through a marketplace. 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. In accordance with ASC 450, the Company establishes accruals for contingencies, including uncertainties related to taxes not based on income, when the Company believes it is probable that a loss has been incurred and the amount of the loss can be reasonably estimated. 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 $22,931 and $38,174, including indirect tax contingencies of $13,943 and $29,836, as of June 30, 2024 and December 31, 2023, respectively, which is included in accrued liabilities in the condensed consolidated balance sheets. Additionally, the Company had an indirect tax liability of $16,980, including indirect tax contingencies of $16,318, as of June 30, 2024, which is included in liabilities of business held for sale in the condensed consolidated balance sheet. See “Note 4. Business Held for Sale” for further information on assets and liabilities classified as held for sale as of June 30, 2024. Service Agreements As of June 30, 2024, the Company had outstanding non-cancelable minimum commitments with terms in excess of one year related to service agreements, including services for third-party cloud-computing and payment processing services, as follows: Year Ending December 31, Amount Remainder of 2024 $ 11,186  2025 24,658  2026 28,567  2027 29,467  2028 4,508  Total $ 98,386  Certain Risks and Concentrations The Company’s revenues were principally generated from software as a service 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 results of operations. 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.

v3.24.2.u1

Leases	6 Months Ended
	Jun. 30, 2024
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 April 26, 2024, the Company remeasured the lease liability and right-of-use asset related to its leased office space in Dublin, Ireland due to a modification of the existing lease agreement that resulted in a partial termination of the lease. As a result, the associated operating lease liability and operating lease right-of-use asset were reduced by $2,304 and $2,102, respectively, in the condensed consolidated balance sheet as of June 30, 2024. 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, 2024 2023 2024 2023 Operating lease costs Operating lease costs $ 3,034  $ 3,417  $ 6,372  $ 6,872  Variable lease costs 865  850  1,737  1,614  Short-term lease costs 55  67  108  142  Operating lease income Sublease income $ —  $ 129  $ 67  $ 311  Total operating lease expense, net $ 3,954  $ 4,205  $ 8,150  $ 8,317  As of June 30, 2024, maturities of operating lease liabilities were as follows: Year Ending December 31, Amount Remainder of 2024 $ 7,079  2025 14,448  2026 15,115  2027 14,518  2028 14,674  Thereafter 27,675  Total operating lease payments 93,509  Less: imputed interest (10,385) Total operating lease liabilities (1) $ 83,124  __________________ (1)Excludes $18,636 of operating lease liabilities which have been reclassified to liabilities of business held for sale in the condensed consolidated balance sheet as of June 30, 2024. See "Note 4. Business Held for Sale" for further information.

v3.24.2.u1

Stockholders’ Deficit	6 Months Ended
	Jun. 30, 2024
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, 2024, 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. On February 26, 2024, the board of directors authorized a new general share repurchase program of the Company’s Class A common stock of up to $500,000 with no fixed expiration (the "Stock Repurchase Plan") to replace the previous 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 and six months ended June 30, 2024, the Company repurchased 153,582 and 474,375 shares and paid cash of $4,147 and $16,311, including commissions of $2 and $9, respectively, under the Stock Repurchase Plan through open market purchases. The weighted-average prices per share for the share repurchases were $36.53 and $34.36 during the three and six months ended June 30, 2024, respectively. During the three months ended June 30, 2023, the Company did not repurchase shares under the Stock Repurchase Plan through open market purchases. 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. The weighted-average price per share for the share repurchase was $22.04. As of June 30, 2024, approximately $483,689 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, 2024, 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 The Company's Class C common stock has no voting rights and is not convertible into shares of Class A common stock or Class B common stock. As of June 30, 2024, 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. 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, 2024 and 2023, the Company did not declare or pay any dividends.

v3.24.2.u1

Accumulated Other Comprehensive Loss	6 Months Ended
	Jun. 30, 2024
Equity [Abstract]
Accumulated Other Comprehensive Loss	Accumulated Other Comprehensive Loss Accumulated other comprehensive loss activity for the three and six months ended June 30, 2024 and 2023 was as follows: Foreign Currency Translation Adjustments Net Unrealized Losses on Marketable Securities Total Accumulated Other Comprehensive Loss Balance at December 31, 2023 $ (843) $ —  $ (843) Other comprehensive income/(loss) before reclassifications 44  (27) 17  Other comprehensive income/(loss) 44  (27) 17  Balance at March 31, 2024 $ (799) $ (27) $ (826) Other comprehensive loss before reclassifications (374) (80) (454) Other comprehensive loss (374) (80) (454) Balance at June 30, 2024 $ (1,173) $ (107) $ (1,280) Foreign Currency Translation Adjustments Net Unrealized (Losses)/Gains on Marketable Securities Total Accumulated Other Comprehensive Loss 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) Amounts reclassified out of accumulated other comprehensive loss, net of taxes, during the three and six months ended June 30, 2024 and 2023 were not material.

v3.24.2.u1

Stock-based Compensation	6 Months Ended
	Jun. 30, 2024
Share-Based Payment Arrangement [Abstract]
Stock-based Compensation	Stock-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. A summary of the Company’s stock option activity for the 2008 Plan during the six months ended June 30, 2024 is as follows: Number of Options Weighted- Average Exercise Price As of December 31, 2023 1,117,616  $ 2.56  Exercised (1,030,422) 2.51  Expired (1) 1.82  As of June 30, 2024 87,193  $ 3.13  Vested at June 30, 2024 87,193  $ 3.13  Exercisable at June 30, 2024 87,193  $ 3.13  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 are subject to continuous service, 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. 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. RSUs and PSUs are measured based on the closing price of the Company's Class A common stock as reported on the date of grant. RSUs are subject to continuous service and generally vest over four years. PSUs are subject to continuous service and generally vest over three years based on the achievement of certain performance targets over a one-year performance cycle. The percentage of PSUs that will vest can range from 0% to 200% of the target number of shares granted based on the performance targets that are achieved. The Company begins recognizing stock-based compensation costs when the achievement of a performance target becomes probable. Quarterly, the Company reassesses the probability of each possible outcome and, if applicable, recognizes a cumulative adjustment for any changes to the previously determined expectation using the grant date fair value of the PSU award. The Company recognizes stock-based compensation expense for PSUs ratably, net of forfeitures, over the requisite service period, which is the vesting period. During the six months ended June 30, 2024, the Company granted 349,417 shares of Class A common stock in the form of PSUs under the 2021 Plan. Additionally, the granted activity below includes 111,738 PSUs awarded for the achievement of performance targets as of December 31, 2023 which were approved by the Company’s board of directors during the six months ended June 30, 2024. A summary of the Company’s RSU and PSU activity during the six months ended June 30, 2024, is as follows: Number of Share Units Weighted Average Grant Date Fair Value Per Share Unit Outstanding – December 31, 2023 10,025,607  $28.31 Granted 4,832,302  32.57 Vested (2,599,225) 28.61 Forfeited (733,200) 29.91 Outstanding – June 30, 2024 11,525,484  $29.92 In connection with the vesting of shares, the Company reacquired 300,446 shares for $13,262 and 1,069,635 shares for $37,284 during the three and six months ended June 30, 2024, respectively, in order to satisfy employee tax withholding obligations. The employees received the net number of shares after consideration to those reacquired. The reacquired shares subsequently became available again for issuance under the Plan. 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 (the “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 $1,776 and $3,551 during the three and six months ended June 30, 2024, respectively, and $4,869 and $9,685 during the three and six months ended June 30, 2023, 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, 2024 2023 2024 2023 Cost of revenue $ 2,026  $ 1,549  $ 3,795  $ 2,601  Research and product development 19,025  15,650  34,675  26,337  Marketing and sales 3,590  3,045  6,801  4,916  General and administrative 8,157  9,235  15,694  17,751  Total stock-based compensation $ 32,798  $ 29,479  $ 60,965  $ 51,605  The amount above excludes $593 and $1,404 of stock-based compensation capitalized as property and equipment, net, for the three and six months ended June 30, 2024, respectively, and $1,169 and $1,638 for the three and six months ended June 30, 2023, respectively.

v3.24.2.u1

Related Party Transactions	6 Months Ended
	Jun. 30, 2024
Related Party Transactions [Abstract]
Related Party Transactions	Related Party Transactions On September 1, 2014, the Company entered into an agreement with Getty Images to resell certain content to the Company’s customers. A member of the Company’s board of directors is a Co-Founder and board member of Getty Images. Amounts recorded in connection with this agreement were not material for the three and six months ended June 30, 2024 and 2023. On May 13, 2024, in connection with the Merger Agreement, the Company entered into support agreements with the Company's Chief Executive Officer, Anthony Casalena, and certain other affiliates of the Company, affiliates of General Atlantic and affiliates of Accel (together, the "Affiliated Buyer Parties"). As of June 30, 2024, there are no amounts recorded in the condensed consolidated financial statements for transactions between the Company and the Affiliated Buyer Parties. See "Note 1. Description of Business" for further information on the Proposed Merger.

v3.24.2.u1

Net Income per Share	6 Months Ended
	Jun. 30, 2024
Earnings Per Share [Abstract]
Net Income per Share	Net Income per Share The following table sets forth the computation of basic and diluted net income per share: Three Months Ended June 30, Six Months Ended June 30, 2024 2023 2024 2023 Numerator: Net income $ 6,133  $ 3,660  $ 6,277  $ 4,162  Denominator: Weighted-average shares used in computing net income per share, basic 137,760,693  135,302,409  137,348,777  135,111,072  Effect of dilutive securities 4,382,325  3,469,204  4,070,744  2,902,382  Weighted-average shares used in computing net income per share, diluted 142,143,018  138,771,613  141,419,521  138,013,454  Net income per share, basic $ 0.04  $ 0.03  $ 0.05  $ 0.03  Net income per share, diluted $ 0.04  $ 0.03  $ 0.04  $ 0.03  The following weighted-average outstanding shares of potentially dilutive securities were excluded from the computation of diluted net income per share for the periods presented because including them would have been antidilutive: Three Months Ended June 30, Six Months Ended June 30, 2024 2023 2024 2023 Stock options —  —  —  —  RSUs and PSUs 164,135  683,691  227,044  1,109,292  Total 164,135  683,691  227,044  1,109,292

v3.24.2.u1

Pay vs Performance Disclosure - USD ($) $ in Thousands	3 Months Ended				6 Months Ended
	Jun. 30, 2024	Mar. 31, 2024	Jun. 30, 2023	Mar. 31, 2023	Jun. 30, 2024	Jun. 30, 2023
Pay vs Performance Disclosure
Net income (loss)	$ 6,133	$ 144	$ 3,660	$ 502	$ 6,277	$ 4,162

v3.24.2.u1

Insider Trading Arrangements	3 Months Ended
	Jun. 30, 2024
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

v3.24.2.u1

Summary of Significant Accounting Policies (Policies)	6 Months Ended
	Jun. 30, 2024
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, 2023 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 February 28, 2024. 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 inputs used in the valuation of acquired intangible assets; (ii) the inputs used in the quantitative assessment over goodwill impairment; (iii) the recognition, measurement and valuation of current and deferred income taxes; (iv) amount of applicable indirect tax nexus in different jurisdictions and associated indirect tax liabilities; and (v) 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, as well as marketable securities, are held by four financial institutions. The Company has not experienced any concentration losses related to its cash, cash equivalents and marketable securities to date. During the three and six months ended June 30, 2024 and 2023, no single customer accounted for more than 10% of the Company’s revenue. As of June 30, 2024 and December 31, 2023, one customer accounted for 30% and 37%, respectively, of the Company's accounts receivable. 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 $2,634 and $5,617 for the three and six months ended June 30, 2024, respectively, and $1,472 and $2,534 for the three and six months ended June 30, 2023, 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 holds funds and processes certain payments on behalf of its customers consisting of prepayments for restaurant reservations, to-go orders and events. While the Company does not have any contractual obligations to hold such cash as restricted, the prepayments have been historically included in restricted cash in the condensed consolidated balance sheets. As of June 30, 2024, these prepayments were included in assets of business held for sale in the condensed consolidated balance sheet. In addition, the Company historically recognized the liability due to its customers in funds payable to customers in the condensed consolidated balance sheets. As of June 30, 2024, these liabilities were included in liabilities of business held for sale in the condensed consolidated balance sheet. The Company remits funds to customers based on the stipulated contract terms. In addition to restricted cash held on behalf of its 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 have been historically included in due from vendors in the condensed consolidated balance sheets. As of June 30, 2024, these in-transit receivables were included in assets of business held for sale in the condensed consolidated balance sheet.
Investment in Marketable Securities	Investment in Marketable Securities The Company classifies its investment in marketable securities as available for sale securities which are stated at fair value, as determined by quoted market prices. Unrealized gains and losses are included in accumulated other comprehensive loss in the condensed consolidated balance sheets. Unrealized losses are evaluated for impairment and those considered other than temporarily impaired are included in other income, net in the condensed consolidated statements of operations. Subsequent gains or losses realized upon redemption or sale of these securities in excess or below their adjusted cost basis are also included in other income, net in the condensed consolidated statements of operations. The cost of securities sold is based upon the specific identification method. The Company considers all of its investment in marketable securities, irrespective of the maturity date, as available for use in current operations, and therefore classifies these securities within current assets in the condensed consolidated balance sheet.
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 Level 3 Inputs to the valuation methodology are unobservable and significant to the fair value measurement.
Business Held for Sale	Business Held for Sale The Company classifies assets and liabilities to be disposed of by sale ("disposal group") as held for sale when (i) management commits to a plan to sell the disposal group; (ii) the disposal group is available for immediate sale in its present condition; (iii) an active program required to complete the plan to sell the disposal group has been initiated; (iv) the sale of the disposal group is probable, and transfer of the disposal group is expected to qualify for recognition as a completed sale, within one year; (v) the disposal group is for sale at a price that is reasonable in relation to its current fair value; and (vi) it is unlikely that significant changes to the plan will be made or that the plan will be withdrawn. Once classified as held for sale, depreciation and amortization of the long-lived assets included in the disposal group cease and the disposal group is measured at the lower of its carrying value or fair value less costs to sell. If the disposal group constitutes a business in accordance with ASC Topic 805, Business Combinations, the Company allocates a portion of its reporting unit's goodwill to the disposal group on a relative fair value basis.
Net Income/(Loss) Per Share	Net Income/(Loss) Per Share The Company computes net income/(loss) per share under the two-class method required for multiple classes of common stock. The rights, including the liquidation and dividend rights, of the Class A, Class B and Class C common stock are substantially identical, other than voting rights. Accordingly, the Class A, Class B and Class C common stock share in the Company’s earnings. Basic net income/(loss) per share is computed by dividing net income/(loss) by the weighted-average number of shares of the Company’s Class A, Class B and Class C common stock outstanding. Diluted net income per share is computed by giving effect to all dilutive securities. During periods of net loss, potentially dilutive Class A, Class B and Class C common stock equivalents are excluded from the calculation as their effect is anti-dilutive. During periods of net income, diluted net income per share is computed by dividing net income by the resulting weighted-average number of fully diluted Class A, Class B and Class C common stock outstanding.
Recently Issued Accounting Pronouncements	Recently Issued Accounting Pronouncements Accounting Pronouncements Pending Adoption In November 2023, the FASB issued ASU No. 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures (“ASU 2023-07”). This standard improves reportable segment disclosure requirements, primarily through enhanced disclosures about significant segment expenses. ASU 2023-07 is effective for fiscal years beginning after December 15, 2023, and interim periods within fiscal years beginning after December 15, 2024 on a retrospective basis, with early adoption permitted. The Company is currently evaluating the timing of its adoption of this standard and the impact in its condensed consolidated financial statements. In December 2023, the FASB issued ASU No. 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosure (“ASU 2023-09”). This standard provides transparency to income tax disclosures related to the rate reconciliation and income taxes paid information. ASU 2023-09 is effective for fiscal years beginning after December 15, 2024 for public entities on a prospective or retrospective basis, with early adoption permitted. The Company is currently evaluating the timing of its adoption of this standard and the impact in its condensed consolidated financial statements.

v3.24.2.u1

Summary of Significant Accounting Policies (Tables)	6 Months Ended
	Jun. 30, 2024
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 for restaurant reservations, to-go orders and events: June 30, 2024 December 31, 2023 Restricted cash $ 32,685  $ 36,583  Due from vendors 5,044  6,089  Total payment processing assets 37,729  42,672  Funds payable to customers (37,729) (42,672) Total payment processing liabilities (37,729) (42,672) Total payment processing transactions, net $ —  $ —

v3.24.2.u1

Revenue (Tables)	6 Months Ended
	Jun. 30, 2024
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, 2024 Six Months Ended June 30, 2024 Presence Commerce Total Presence Commerce Total Subscription revenue Transferred over time $ 207,548  $ 62,162  $ 269,710  $ 401,594  $ 123,361  $ 524,955  Transferred at a point in time 6,936  —  6,936  12,925  —  12,925  Non-subscription revenue Transferred over time 802  1,040  1,842  1,532  1,968  3,500  Transferred at a point in time 87  18,194  18,281  206  36,331  36,537  Total revenue $ 215,373  $ 81,396  $ 296,769  $ 416,257  $ 161,660  $ 577,917  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
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, 2024 2023 2024 2023 United States $ 212,424  $ 177,195  $ 413,459  $ 346,949  International 84,345  70,334  164,458  137,608  Total revenue $ 296,769  $ 247,529  $ 577,917  $ 484,557
Schedule of Capitalized Contract Costs	Assets capitalized related to contract costs consisted of the following: June 30, 2024 December 31, 2023 Capitalized referral fees, current $ 7,624  $ 7,626  Capitalized referral fees, non-current 10,429  9,715  Capitalized app fees, current 733  750  Sales commissions, current (1) 60  496  Sales commissions, non-current (2) 83  144  Total capitalized contract costs $ 18,929  $ 18,731  ________________ (1)Excludes $776 of sales commissions, current which have been reclassified to assets of business held for sale in the condensed consolidated balance sheet as of June 30, 2024. See "Note 4. Business Held for Sale" for further information. (2)Excludes $371 of sales commissions, non-current which have been reclassified to assets of business held for sale in the condensed consolidated balance sheet as of June 30, 2024. See "Note 4. Business Held for Sale" for further information. Amortization of capitalized contract costs was included in the following line items in the condensed consolidated statements of operations: Three Months Ended June 30, Six Months Ended June 30, 2024 2023 2024 2023 Cost of revenue $ 734  $ 848  $ 1,483  $ 1,709  Marketing and sales 2,411  2,513  5,004  4,580  Total amortization of capitalized contract costs $ 3,145  $ 3,361  $ 6,487  $ 6,289

v3.24.2.u1

Business Held For Sale (Tables)	6 Months Ended
	Jun. 30, 2024
Discontinued Operations and Disposal Groups [Abstract]
Schedule of Disposal Groups, Including Discontinued Operations	Business held for sale comprised of the following assets and liabilities as of June 30, 2024: June 30, 2024 Cash and cash equivalents $ 2,788  Restricted cash 32,685  Accounts receivable, net 274  Due from vendors 5,044  Prepaid expenses and other current assets 1,567  Property and equipment, net 7,268  Operating lease right-of-use assets 9,925  Goodwill 13,916  Intangible assets, net 20,689  Other assets 373  Total assets of business held for sale $ 94,529  Accounts payable $ 1,160  Accrued liabilities 19,157  Deferred revenue 63  Funds payable to customers 37,729  Operating lease liabilities, current portion 1,326  Operating lease liabilities, non-current portion 17,310  Total liabilities of business held for sale $ 76,745

v3.24.2.u1

Investment in Marketable Securities (Tables)	6 Months Ended
	Jun. 30, 2024
Investments, Debt and Equity Securities [Abstract]
Schedule of Available-for-sale Marketable Securities	The following table represents the amortized cost, gross unrealized gains and losses and fair market value of the Company’s available-for-sale (“AFS”) marketable securities as of June 30, 2024: June 30, 2024 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Aggregate Fair Value Corporate bonds and commercial paper $ 40,359  $ —  $ (72) $ 40,287  U.S. treasuries 11,789  —  (35) 11,754  Total investment in marketable securities $ 52,148  $ —  $ (107) $ 52,041
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 June 30, 2024, aggregated by investment category and the length of time that individual securities have been in a continuous loss position were as follows: June 30, 2024 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 $ 39,948  $ (72) $ —  $ —  $ 39,948  $ (72) U.S. treasuries 11,633  (35) —  —  11,633  (35) Total investment in marketable securities $ 51,581  $ (107) $ —  $ —  $ 51,581  $ (107)
Schedule of Contractual Maturities	The contractual maturities of the investments classified as marketable securities were as follows: June 30, 2024 Due within 1 year $ 31,136  Due in 1 year through 5 years 20,905  Total investment in marketable securities $ 52,041

v3.24.2.u1

Fair Value of Financial Instruments (Tables)	6 Months Ended
	Jun. 30, 2024
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, 2024 Level 1 Level 2 Level 3 Total Cash equivalents Money market funds $ 214,495  $ —  $ —  $ 214,495  Available-for-sale debt securities Corporate bonds and commercial paper —  40,287  —  40,287  U.S. treasuries 11,754  —  —  11,754  Total $ 226,249  $ 40,287  $ —  $ 266,536  December 31, 2023 Level 1 Level 2 Level 3 Total Cash equivalents Money market funds $ 194,210  $ —  $ —  $ 194,210  Total $ 194,210  $ —  $ —  $ 194,210

v3.24.2.u1

Prepaid Expenses and Other Current Assets (Tables)	6 Months Ended
	Jun. 30, 2024
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Schedule of Prepaid Expenses and Other Current Assets	Prepaid expenses and other current assets consisted of the following: June 30, 2024 December 31, 2023 Prepaid income taxes $ 52,667  $ 3,402  Prepaid operational expenses (1) 11,383  12,183  Capitalized contract costs (2) 8,417  8,872  Prepaid domain name registration fees 6,864  12,073  Prepaid advertising expenses 312  5,804  Other current assets (3) 3,373  6,613  Total prepaid expenses and other current assets $ 83,016  $ 48,947  __________________ (1)Excludes $699 of prepaid operational expenses which have been reclassified to assets of business held for sale in the condensed consolidated balance sheet as of June 30, 2024. See "Note 4. Business Held for Sale" for further information. (2)Excludes $776 of capitalized contract costs which have been reclassified to assets of business held for sale in the condensed consolidated balance sheet as of June 30, 2024. See "Note 4. Business Held for Sale" for further information. (3)Excludes $92 of other current assets which have been reclassified to assets of business held for sale in the condensed consolidated balance sheet as of June 30, 2024. See "Note 4. Business Held for Sale" for further information.

v3.24.2.u1

Accrued Liabilities (Tables)	6 Months Ended
	Jun. 30, 2024
Payables and Accruals [Abstract]
Schedule of Accrued Liabilities	Accrued liabilities consisted of the following: June 30, 2024 December 31, 2023 Accrued product expenses 35,565  22,569  Accrued marketing expenses (1) 24,395  24,998  Accrued indirect taxes (2) $ 22,931  $ 38,174  Accrued payroll expenses (3) 3,001  4,247  Other accrued expenses (4) 13,041  9,447  Total accrued liabilities $ 98,933  $ 99,435  __________________ (1)Excludes $115 of accrued marketing expenses which have been reclassified to liabilities of business held for sale in the condensed consolidated balance sheet as of June 30, 2024. See "Note 4. Business Held for Sale" for further information. (2)Excludes $16,980 of accrued indirect taxes which have been reclassified to liabilities of business held for sale in the condensed consolidated balance sheet as of June 30, 2024. See "Note 4. Business Held for Sale" for further information. (3)Excludes $1,028 of accrued payroll expenses which have been reclassified to liabilities of business held for sale in the condensed consolidated balance sheet as of June 30, 2024. See "Note 4. Business Held for Sale" for further information. (4)Excludes $1,034 of other accrued expenses which have been reclassified to liabilities of business held for sale in the condensed consolidated balance sheet as of June 30, 2024. See "Note 4. Business Held for Sale" for further information.

v3.24.2.u1

Debt (Tables)	6 Months Ended
	Jun. 30, 2024
Debt Disclosure [Abstract]
Schedule of Debt Outstanding	Debt outstanding as of June 30, 2024 and December 31, 2023 was as follows: June 30, 2024 December 31, 2023 Term Loan $ 546,910  $ 571,398  Less: unamortized original issue discount (1,301) (1,761) Less: unamortized deferred financing costs (623) (844) Less: debt, current (57,140) (48,977) Total debt, non-current $ 487,846  $ 519,816
Schedule of Principal Payments	The scheduled principal payments required under the terms of the Credit Facility are as follows: Year Ending December 31, Amount Remainder of 2024 $ 24,488  2025 522,422  Total $ 546,910

v3.24.2.u1

Commitment and Contingencies (Tables)	6 Months Ended
	Jun. 30, 2024
Commitments and Contingencies Disclosure [Abstract]
Schedule of Service Agreements	As of June 30, 2024, the Company had outstanding non-cancelable minimum commitments with terms in excess of one year related to service agreements, including services for third-party cloud-computing and payment processing services, as follows: Year Ending December 31, Amount Remainder of 2024 $ 11,186  2025 24,658  2026 28,567  2027 29,467  2028 4,508  Total $ 98,386

v3.24.2.u1

Leases (Tables)	6 Months Ended
	Jun. 30, 2024
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, 2024 2023 2024 2023 Operating lease costs Operating lease costs $ 3,034  $ 3,417  $ 6,372  $ 6,872  Variable lease costs 865  850  1,737  1,614  Short-term lease costs 55  67  108  142  Operating lease income Sublease income $ —  $ 129  $ 67  $ 311  Total operating lease expense, net $ 3,954  $ 4,205  $ 8,150  $ 8,317
Schedule of Maturities of Operating Lease Liabilities	As of June 30, 2024, maturities of operating lease liabilities were as follows: Year Ending December 31, Amount Remainder of 2024 $ 7,079  2025 14,448  2026 15,115  2027 14,518  2028 14,674  Thereafter 27,675  Total operating lease payments 93,509  Less: imputed interest (10,385) Total operating lease liabilities (1) $ 83,124  __________________ (1)Excludes $18,636 of operating lease liabilities which have been reclassified to liabilities of business held for sale in the condensed consolidated balance sheet as of June 30, 2024. See "Note 4. Business Held for Sale" for further information.

v3.24.2.u1

Accumulated Other Comprehensive Loss (Tables)	6 Months Ended
	Jun. 30, 2024
Equity [Abstract]
Schedule of Accumulated Other Comprehensive Loss	Accumulated other comprehensive loss activity for the three and six months ended June 30, 2024 and 2023 was as follows: Foreign Currency Translation Adjustments Net Unrealized Losses on Marketable Securities Total Accumulated Other Comprehensive Loss Balance at December 31, 2023 $ (843) $ —  $ (843) Other comprehensive income/(loss) before reclassifications 44  (27) 17  Other comprehensive income/(loss) 44  (27) 17  Balance at March 31, 2024 $ (799) $ (27) $ (826) Other comprehensive loss before reclassifications (374) (80) (454) Other comprehensive loss (374) (80) (454) Balance at June 30, 2024 $ (1,173) $ (107) $ (1,280) Foreign Currency Translation Adjustments Net Unrealized (Losses)/Gains on Marketable Securities Total Accumulated Other Comprehensive Loss 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)

v3.24.2.u1

Stock-based Compensation (Tables)	6 Months Ended
	Jun. 30, 2024
Share-Based Payment Arrangement [Abstract]
Schedule of Option Activity	A summary of the Company’s stock option activity for the 2008 Plan during the six months ended June 30, 2024 is as follows: Number of Options Weighted- Average Exercise Price As of December 31, 2023 1,117,616  $ 2.56  Exercised (1,030,422) 2.51  Expired (1) 1.82  As of June 30, 2024 87,193  $ 3.13  Vested at June 30, 2024 87,193  $ 3.13  Exercisable at June 30, 2024 87,193  $ 3.13
Schedule of RSU Activity	A summary of the Company’s RSU and PSU activity during the six months ended June 30, 2024, is as follows: Number of Share Units Weighted Average Grant Date Fair Value Per Share Unit Outstanding – December 31, 2023 10,025,607  $28.31 Granted 4,832,302  32.57 Vested (2,599,225) 28.61 Forfeited (733,200) 29.91 Outstanding – June 30, 2024 11,525,484  $29.92
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, 2024 2023 2024 2023 Cost of revenue $ 2,026  $ 1,549  $ 3,795  $ 2,601  Research and product development 19,025  15,650  34,675  26,337  Marketing and sales 3,590  3,045  6,801  4,916  General and administrative 8,157  9,235  15,694  17,751  Total stock-based compensation $ 32,798  $ 29,479  $ 60,965  $ 51,605

v3.24.2.u1

Net Income per Share (Tables)	6 Months Ended
	Jun. 30, 2024
Earnings Per Share [Abstract]
Schedule of Basic and Diluted Net Income per Share	The following table sets forth the computation of basic and diluted net income per share: Three Months Ended June 30, Six Months Ended June 30, 2024 2023 2024 2023 Numerator: Net income $ 6,133  $ 3,660  $ 6,277  $ 4,162  Denominator: Weighted-average shares used in computing net income per share, basic 137,760,693  135,302,409  137,348,777  135,111,072  Effect of dilutive securities 4,382,325  3,469,204  4,070,744  2,902,382  Weighted-average shares used in computing net income per share, diluted 142,143,018  138,771,613  141,419,521  138,013,454  Net income per share, basic $ 0.04  $ 0.03  $ 0.05  $ 0.03  Net income per share, diluted $ 0.04  $ 0.03  $ 0.04  $ 0.03
Schedule of Antidilutive Securities Excluded from Computation of Diluted Net Income Per Share	The following weighted-average outstanding shares of potentially dilutive securities were excluded from the computation of diluted net income per share for the periods presented because including them would have been antidilutive: Three Months Ended June 30, Six Months Ended June 30, 2024 2023 2024 2023 Stock options —  —  —  —  RSUs and PSUs 164,135  683,691  227,044  1,109,292  Total 164,135  683,691  227,044  1,109,292

v3.24.2.u1

Description of Business (Details) - USD ($) $ / shares in Units, $ in Thousands	May 13, 2024	Sep. 07, 2023	Jun. 30, 2024
Business Acquisition [Line Items]
Early contract termination fees	$ 231,817
Google Domains APA
Business Acquisition [Line Items]
Total consideration transferred		$ 180,721
Spaceship Purchaser, Inc.
Business Acquisition [Line Items]
Cash paid for acquisition	$ 6,900,000
Business acquisition, cancellation of shares, per share amount, right to receive cash	$ 44.00
Termination fee	$ 198,700
Business acquisition cost of acquired entity transaction costs			$ 4,198

v3.24.2.u1

Summary of Significant Accounting Policies - Narrative (Details) $ in Thousands	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2024 USD ($)	Jun. 30, 2023 USD ($)	Jun. 30, 2024 USD ($) institution	Jun. 30, 2023 USD ($)	Dec. 31, 2023
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Number of financial institutions that hold the company's cash and cash equivalents and marketable securities | institution			4
Interest income | $	$ 2,634	$ 1,472	$ 5,617	$ 2,534
Customer One | Accounts Receivable | Customer Concentration Risk
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Concentration risk, percentage			30.00%		37.00%

v3.24.2.u1

Summary of Significant Accounting Policies - Assets and Liabilities Related to Payment Processing Transactions (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Restricted cash	$ 0	$ 36,583
Due from vendors	0	6,089
Funds payable to customers	0	(42,672)
Disposal Group, Not Discontinued Operations
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Restricted cash	32,685	36,583
Due from vendors	5,044	6,089
Total payment processing assets	37,729	42,672
Funds payable to customers	(37,729)	(42,672)
Total payment processing liabilities	(37,729)	(42,672)
Total payment processing transactions, net	$ 0	$ 0

v3.24.2.u1

Revenue - Product Type, Subscription Type and Revenue Recognition Pattern (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Disaggregation of Revenue [Line Items]
Total revenue	$ 296,769	$ 247,529	$ 577,917	$ 484,557
Presence
Disaggregation of Revenue [Line Items]
Total revenue	215,373	172,074	416,257	336,465
Commerce
Disaggregation of Revenue [Line Items]
Total revenue	81,396	75,455	161,660	148,092
Subscription revenue | Transferred over time
Disaggregation of Revenue [Line Items]
Total revenue	269,710	224,142	524,955	437,778
Subscription revenue | Transferred at a point in time
Disaggregation of Revenue [Line Items]
Total revenue	6,936	3,857	12,925	8,001
Subscription revenue | Presence | Transferred over time
Disaggregation of Revenue [Line Items]
Total revenue	207,548	167,335	401,594	326,915
Subscription revenue | Presence | Transferred at a point in time
Disaggregation of Revenue [Line Items]
Total revenue	6,936	3,857	12,925	8,001
Subscription revenue | Commerce | Transferred over time
Disaggregation of Revenue [Line Items]
Total revenue	62,162	56,807	123,361	110,863
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	1,842	1,654	3,500	3,148
Non-subscription revenue | Transferred at a point in time
Disaggregation of Revenue [Line Items]
Total revenue	18,281	17,876	36,537	35,630
Non-subscription revenue | Presence | Transferred over time
Disaggregation of Revenue [Line Items]
Total revenue	802	822	1,532	1,421
Non-subscription revenue | Presence | Transferred at a point in time
Disaggregation of Revenue [Line Items]
Total revenue	87	60	206	128
Non-subscription revenue | Commerce | Transferred over time
Disaggregation of Revenue [Line Items]
Total revenue	1,040	832	1,968	1,727
Non-subscription revenue | Commerce | Transferred at a point in time
Disaggregation of Revenue [Line Items]
Total revenue	$ 18,194	$ 17,816	$ 36,331	$ 35,502

v3.24.2.u1

Revenue - Revenue by Geography (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Disaggregation of Revenue [Line Items]
Total revenue	$ 296,769	$ 247,529	$ 577,917	$ 484,557
United States
Disaggregation of Revenue [Line Items]
Total revenue	212,424	177,195	413,459	346,949
International
Disaggregation of Revenue [Line Items]
Total revenue	$ 84,345	$ 70,334	$ 164,458	$ 137,608

v3.24.2.u1

Revenue - Narrative (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Revenue from Contract with Customer [Abstract]
Contract with customer, liability, revenues recognized	$ 98,017,000	$ 79,714,000	$ 249,283,000	$ 203,843,000
Capitalized contract cost, impairment	$ 0	$ 0	$ 0	$ 0

v3.24.2.u1

Revenue - Capitalized Contract Costs (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Capitalized Contract Cost [Line Items]
Capitalized contract costs	$ 8,417	$ 8,872
Capitalized contract cost, net	18,929	18,731
Held-for-Sale
Capitalized Contract Cost [Line Items]
Capitalized contract costs	776
Capitalized referral fees
Capitalized Contract Cost [Line Items]
Capitalized contract costs	7,624	7,626
Capitalized contract cost, non-current	10,429	9,715
Capitalized app fees, current
Capitalized Contract Cost [Line Items]
Capitalized contract costs	733	750
Sales commissions
Capitalized Contract Cost [Line Items]
Capitalized contract costs	60	496
Capitalized contract cost, non-current	83	$ 144
Sales commissions | Held-for-Sale
Capitalized Contract Cost [Line Items]
Capitalized contract costs	776
Capitalized contract cost, non-current	$ 371

v3.24.2.u1

Revenue - Amortization of Capitalized Contract Costs (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Capitalized Contract Cost [Line Items]
Total amortization of capitalized contract costs	$ 3,145	$ 3,361	$ 6,487	$ 6,289
Cost of revenue
Capitalized Contract Cost [Line Items]
Total amortization of capitalized contract costs	734	848	1,483	1,709
Marketing and sales
Capitalized Contract Cost [Line Items]
Total amortization of capitalized contract costs	$ 2,411	$ 2,513	$ 5,004	$ 4,580

v3.24.2.u1

Business Held For Sale - Narratives (Details) $ in Thousands	Jun. 21, 2024 USD ($)
Tock LLC | Held-for-Sale
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Proceeds from divestiture	$ 400,000

v3.24.2.u1

Business Held For Sale - Schedule of Disposal Groups, Including Discontinued Operations (Details) - Tock LLC - Held-for-Sale $ in Thousands	Jun. 30, 2024 USD ($)
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Cash and cash equivalents	$ 2,788
Restricted cash	32,685
Accounts receivable, net	274
Due from vendors	5,044
Prepaid expenses and other current assets	1,567
Property and equipment, net	7,268
Operating lease right-of-use assets	9,925
Goodwill	13,916
Intangible assets, net	20,689
Other assets	373
Total assets of business held for sale	94,529
Accounts payable	1,160
Accrued liabilities	19,157
Deferred revenue	63
Funds payable to customers	37,729
Operating lease liabilities, current portion	1,326
Operating lease liabilities, non-current portion	17,310
Total liabilities of business held for sale	$ 76,745

v3.24.2.u1

Investment in Marketable Securities - AFS Marketable Securities (Details) $ in Thousands	Jun. 30, 2024 USD ($)
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	$ 52,148
Gross Unrealized Gains	0
Gross Unrealized Losses	(107)
Aggregate Fair Value	52,041
Corporate bonds and commercial paper
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	40,359
Gross Unrealized Gains	0
Gross Unrealized Losses	(72)
Aggregate Fair Value	40,287
U.S. treasuries
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	11,789
Gross Unrealized Gains	0
Gross Unrealized Losses	(35)
Aggregate Fair Value	$ 11,754

v3.24.2.u1

Investment in Marketable Securities - Gross Unrealized Losses and Fair Values (Details) $ in Thousands	Jun. 30, 2024 USD ($)
Debt Securities, Available-for-Sale, Unrealized Loss Position [Line Items]
Less than 12 months, Aggregate Fair Value	$ 51,581
Less than 12 months, Gross Unrealized Losses	(107)
12 months or Greater, Aggregate Fair Value	0
12 months or Greater, Gross Unrealized Losses	0
Total, Aggregate Fair Value	51,581
Total, Gross Unrealized Losses	(107)
Corporate bonds and commercial paper
Debt Securities, Available-for-Sale, Unrealized Loss Position [Line Items]
Less than 12 months, Aggregate Fair Value	39,948
Less than 12 months, Gross Unrealized Losses	(72)
12 months or Greater, Aggregate Fair Value	0
12 months or Greater, Gross Unrealized Losses	0
Total, Aggregate Fair Value	39,948
Total, Gross Unrealized Losses	(72)
U.S. treasuries
Debt Securities, Available-for-Sale, Unrealized Loss Position [Line Items]
Less than 12 months, Aggregate Fair Value	11,633
Less than 12 months, Gross Unrealized Losses	(35)
12 months or Greater, Aggregate Fair Value	0
12 months or Greater, Gross Unrealized Losses	0
Total, Aggregate Fair Value	11,633
Total, Gross Unrealized Losses	$ (35)

v3.24.2.u1

Investment in Marketable Securities - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2024
Investments, Debt and Equity Securities [Abstract]
Unrealized losses on available-for-sale securities	$ (80)	$ (107)

v3.24.2.u1

Investment in Marketable Securities - Contractual Maturities (Details) $ in Thousands	Jun. 30, 2024 USD ($)
Investments, Debt and Equity Securities [Abstract]
Due within 1 year	$ 31,136
Due in 1 year through 5 years	20,905
Total investment in marketable securities	$ 52,041

v3.24.2.u1

Fair Value of Financial Instruments (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale debt securities	$ 52,041
Total	266,536	$ 194,210
Corporate bonds and commercial paper
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale debt securities	40,287
U.S. treasuries
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale debt securities	11,754
Money market funds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents	214,495	194,210
Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total	226,249	194,210
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 | U.S. treasuries
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale debt securities	11,754
Level 1 | Money market funds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents	214,495	194,210
Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total	40,287	0
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	40,287
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 | 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

v3.24.2.u1

Prepaid Expenses and Other Current Assets - Schedule of Prepaid Expenses and Other Current Assets (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Asset Acquisition [Line Items]
Prepaid income taxes	$ 52,667	$ 3,402
Prepaid operational expenses	11,383	12,183
Capitalized contract costs	8,417	8,872
Prepaid domain name registration fees	6,864	12,073
Prepaid advertising expenses	312	5,804
Other current assets	3,373	6,613
Total prepaid expenses and other current assets	83,016	48,947
Held-for-Sale
Asset Acquisition [Line Items]
Prepaid operational expenses	699
Capitalized contract costs	776
Other current assets	92
Google Domains APA
Asset Acquisition [Line Items]
Prepaid domain name registration fees	$ 377	$ 3,895

v3.24.2.u1

Accrued Liabilities - Schedule of Accrued Liabilities (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Asset Acquisition [Line Items]
Accrued product expenses	$ 35,565	$ 22,569
Accrued marketing expenses	24,395	24,998
Accrued indirect taxes	22,931	38,174
Accrued payroll expenses	3,001	4,247
Other accrued expenses	13,041	9,447
Total accrued liabilities	98,933	$ 99,435
Held-for-Sale
Asset Acquisition [Line Items]
Accrued marketing expenses	115
Accrued indirect taxes	16,980
Accrued payroll expenses	1,028
Other accrued expenses	$ 1,034

v3.24.2.u1

Debt - Debt Outstanding (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Debt Disclosure [Abstract]
Term Loan	$ 546,910	$ 571,398
Less: unamortized original issue discount	(1,301)	(1,761)
Less: unamortized deferred financing costs	(623)	(844)
Less: debt, current	(57,140)	(48,977)
Total debt, non-current	$ 487,846	$ 519,816

v3.24.2.u1

Debt - Narrative (Details)	3 Months Ended	6 Months Ended
	Jun. 30, 2024 USD ($)	Jun. 30, 2024 USD ($) stepUpEvent	Jun. 30, 2023	Jun. 22, 2023	Jun. 15, 2023 USD ($)	Dec. 11, 2020 USD ($)	Dec. 12, 2019 USD ($)
Credit Agreement
Line of Credit Facility [Line Items]
Basis spread on variable rate (as a percent)		1.60%
Credit spread adjustment (as a percent)		0.10%	1.50%
Effective interest rate (as a percent)	6.94%	6.94%	6.70%	6.69%
Debt instrument, covenant, Indebtedness to consolidated EBITDA ratio	3.75
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 | stepUpEvent		2
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 | Credit Agreement
Line of Credit Facility [Line Items]
Maximum borrowing capacity					$ 650,000,000
Revolving Credit Facility | 2019 Credit Agreement
Line of Credit Facility [Line Items]
Maximum borrowing capacity							25,000
Revolving Credit Facility | Credit Agreement
Line of Credit Facility [Line Items]
Remaining borrowing capacity	$ 17,745,000	$ 17,745,000
Revolving Credit Facility | Credit Agreement | Minimum
Line of Credit Facility [Line Items]
Commitment fee percentage (as a percent)		0.20%
Revolving Credit Facility | 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 | Credit Agreement
Line of Credit Facility [Line Items]
Line of credit outstanding	$ 7,255,000	$ 7,255,000

v3.24.2.u1

Debt - Scheduled Principal Payments (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Debt Disclosure [Abstract]
Remainder of 2024	$ 24,488
2025	522,422
Term Loan	$ 546,910	$ 571,398

v3.24.2.u1

Income Taxes (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Income Tax Disclosure [Abstract]
(Provision for)/benefit from income taxes	$ 5,034	$ 26,411	$ (15,742)	$ 18,471
Effective income tax rate (as a percent)	(45.10%)	(87.80%)	(166.30%)	(81.60%)
Unrecognized tax benefits	$ 13,237	$ 12,928	$ 13,237	$ 12,928
Unrecognized tax benefits that would affect the effective tax rate		12,771		12,771
Decrease in unrecognized tax benefits is reasonably possible	533		533
Accrued interest and penalties	1,487	497	1,487	497
Research and development tax credits	$ 306	$ 338	$ 482	$ 614

v3.24.2.u1

Commitment and Contingencies - Narrative (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Gain Contingencies [Line Items]
Indirect tax liability	$ 22,931	$ 38,174
Indirect tax contingencies	13,943	$ 29,836
Held-for-Sale
Gain Contingencies [Line Items]
Indirect tax liability	16,980
Indirect tax contingencies	$ 16,318

v3.24.2.u1

Commitment and Contingencies - Service Agreements (Details) $ in Thousands	Jun. 30, 2024 USD ($)
Commitments and Contingencies Disclosure [Abstract]
Remainder of 2024	$ 11,186
2025	24,658
2026	28,567
2027	29,467
2028	4,508
Total	$ 98,386

v3.24.2.u1

Leases - Narrative (Details) $ in Thousands	Jun. 30, 2024 USD ($)
Leases [Abstract]
Operating lease, lease liability, decrease from lease term reassessment	$ 2,304
Operating lease, right of use asset, decrease from lease term reassessment	$ 2,102

v3.24.2.u1

Leases - Operating Lease Costs (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Operating lease costs
Operating lease costs	$ 3,034	$ 3,417	$ 6,372	$ 6,872
Variable lease costs	865	850	1,737	1,614
Short-term lease costs	55	67	108	142
Operating lease income
Sublease income	0	129	67	311
Total operating lease expense, net	$ 3,954	$ 4,205	$ 8,150	$ 8,317

v3.24.2.u1

Leases - Operating Lease Maturities (Details) $ in Thousands	Jun. 30, 2024 USD ($)
Lessee, Lease, Description [Line Items]
Remainder of 2024	$ 7,079
2025	14,448
2026	15,115
2027	14,518
2028	14,674
Thereafter	27,675
Total operating lease payments	93,509
Less: imputed interest	(10,385)
Total operating lease liabilities	83,124
Held-for-Sale
Lessee, Lease, Description [Line Items]
Total operating lease liabilities	$ 18,636

v3.24.2.u1

Stockholders’ Deficit (Details)	3 Months Ended				6 Months Ended
	Jun. 30, 2024 USD ($) $ / shares shares	Mar. 31, 2024 USD ($)	Jun. 30, 2023 shares	Mar. 31, 2023 USD ($)	Jun. 30, 2024 USD ($) vote $ / shares shares	Jun. 30, 2023 USD ($) $ / shares shares	Feb. 26, 2024 USD ($)	Dec. 31, 2023 $ / shares shares	May 10, 2022 USD ($)
Class of Stock [Line Items]
Repurchase and retirement of Class A common stock, consideration	$ (4,147,000)	$ (12,164,000)		$ (25,321,000)
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			$ 0.0001
Common stock, authorized (in shares) | shares	1,000,000,000				1,000,000,000			1,000,000,000
Share repurchase program, authorized amount (up to)							$ 500,000,000		$ 200,000,000
Repurchase and retirement of Class A common stock (in shares) | shares	(153,582)		0		(474,375)	(1,256,170)
Repurchase and retirement of Class A common stock, consideration	$ (4,147,000)				$ (16,311,000)	$ (25,321,000)
Repurchase and retirement of stock, commission expense	$ 2,000				$ 9,000	$ 25,000
Stock repurchased and retired during period, average price per share ( in dollar per shares) | $ / shares	$ 36.53				$ 34.36	$ 22.04
Remaining authorized repurchase amount	$ 483,689,000				$ 483,689,000
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			$ 0.0001
Common stock, authorized (in shares) | shares	100,000,000				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			$ 0.0001
Common stock, authorized (in shares) | shares	1,000,000,000				1,000,000,000			1,000,000,000

v3.24.2.u1

Accumulated Other Comprehensive Loss (Details) - USD ($) $ in Thousands	3 Months Ended				6 Months Ended
	Jun. 30, 2024	Mar. 31, 2024	Jun. 30, 2023	Mar. 31, 2023	Jun. 30, 2024	Jun. 30, 2023
Total Accumulated Other Comprehensive Loss
Beginning balance	$ (266,273)	$ (260,352)	$ (318,335)	$ (302,991)	$ (260,352)	$ (302,991)
Other comprehensive income/(loss) before reclassifications	(454)	17	(296)	474
Other comprehensive income/(loss)	(454)	17	(296)	474	(437)	178
Ending balance	(242,869)	(266,273)	(291,196)	(318,335)	(242,869)	(291,196)
Total Accumulated Other Comprehensive Loss
Total Accumulated Other Comprehensive Loss
Beginning balance	(826)	(843)	(1,191)	(1,665)	(843)	(1,665)
Ending balance	(1,280)	(826)	(1,487)	(1,191)	(1,280)	(1,487)
Foreign Currency Translation Adjustments
Total Accumulated Other Comprehensive Loss
Beginning balance	(799)	(843)	(1,191)	(1,449)	(843)	(1,449)
Other comprehensive income/(loss) before reclassifications	(374)	44	(296)	258
Other comprehensive income/(loss)	(374)	44	(296)	258
Ending balance	(1,173)	(799)	(1,487)	(1,191)	(1,173)	(1,487)
Net Unrealized Losses on Marketable Securities
Total Accumulated Other Comprehensive Loss
Beginning balance	(27)	0	0	(216)	0	(216)
Other comprehensive income/(loss) before reclassifications	(80)	(27)	0	216
Other comprehensive income/(loss)	(80)	(27)	0	216
Ending balance	$ (107)	$ (27)	$ 0	$ 0	$ (107)	$ 0

v3.24.2.u1

Stock-based Compensation - Narrative (Details) - USD ($) $ / shares in Units, $ in Thousands		3 Months Ended				6 Months Ended		79 Months Ended
	Apr. 15, 2021	Jun. 30, 2024	Mar. 31, 2024	Jun. 30, 2023	Mar. 31, 2023	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Taxes paid related to net share settlement of equity awards		$ (13,262)	$ (24,022)	$ (6,915)	$ (13,369)
Stock-based compensation		32,798		29,479		$ 60,965	$ 51,605
Stock compensation capitalized						1,404	1,638
Property and equipment, net
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock compensation capitalized		593		1,169		1,404	1,638
General and administrative
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation		8,157		9,235		15,694	17,751
Additional Paid in Capital
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Taxes paid related to net share settlement of equity awards		$ (13,262)	$ (24,022)	$ (6,915)	$ (13,369)	$ (37,284)
Class A Common Stock | Common Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Taxes paid related to net share settlement of equity awards (in shares)		(300,446)	(769,189)	(233,544)	(573,862)	(1,069,635)
Restricted Stock Units and Performance Shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
RSUs granted (in shares)						4,832,302
Added by performance targets achieved (in shares)						111,738
RSUs granted, weighted average grant date fair value (in dollars per share)						$ 32.57
2008 Equity Incentive Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock option grants (in shares)								0
2017 Equity Incentive Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period (in years)						4 years
RSUs granted (in shares)						0
2021 Equity Incentive Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period (in years)						4 years
2021 Equity Incentive Plan | Performance Shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period (in years)						3 years
2021 Equity Incentive Plan | Performance Shares | Class A Common Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
RSUs granted (in shares)						349,417
2021 Equity Incentive Plan | Performance Shares | Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting percent						0.00%
2021 Equity Incentive Plan | Performance Shares | Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting percent						200.00%
Casalena Performance Award | Chief Executive Officer | General and administrative
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation		$ 1,776		$ 4,869		$ 3,551	$ 9,685
Casalena Performance Award | RSUs and PSUs | Class A Common Stock | Chief Executive Officer
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

v3.24.2.u1

Stock-based Compensation - Option Activity (Details) - $ / shares	6 Months Ended
	Jun. 30, 2024
Number of Options
Outstanding beginning balance (in shares)	1,117,616
Exercised (in shares)	(1,030,422)
Expired (in shares)	(1)
Outstanding ending balance (in shares)	87,193
Weighted- Average Exercise Price
Outstanding beginning balance (USD Per share)	$ 2.56
Exercised (USD per share)	2.51
Expired (USD per share)	1.82
Outstanding ending balance (USD Per share)	$ 3.13
Stock Options Additional Disclosures
Vested (in shares)	87,193
Exercisable (in shares)	87,193
Vested (USD per share)	$ 3.13
Exercisable (USD per share)	$ 3.13

v3.24.2.u1

Stock-based Compensation - RSU Activity (Details) - Restricted Stock Units and Performance Shares	6 Months Ended
	Jun. 30, 2024 $ / shares shares
Number of Share Units
Outstanding beginning balance (in shares) | shares	10,025,607
Granted (in shares) | shares	4,832,302
Vested (in shares) | shares	(2,599,225)
Forfeited (in shares) | shares	(733,200)
Outstanding ending balance (in shares) | shares	11,525,484
Weighted Average Grant Date Fair Value Per Share Unit
Outstanding, weighted average grant date fair value beginning balance (USD per share) | $ / shares	$ 28.31
Granted, weighted average grant date fair value (USD per share) | $ / shares	32.57
Vested, weighted average grant date fair value (USD per share) | $ / shares	28.61
Forfeited, weighted average grant date fair value (USD per share) | $ / shares	29.91
Outstanding, weighted average grant date fair value ending balance (USD per share) | $ / shares	$ 29.92

v3.24.2.u1

Stock-based Compensation - Stock-Based Compensation (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Total stock-based compensation	$ 32,798	$ 29,479	$ 60,965	$ 51,605
Cost of revenue
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Total stock-based compensation	2,026	1,549	3,795	2,601
Research and product development
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Total stock-based compensation	19,025	15,650	34,675	26,337
Marketing and sales
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Total stock-based compensation	3,590	3,045	6,801	4,916
General and administrative
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Total stock-based compensation	$ 8,157	$ 9,235	$ 15,694	$ 17,751

v3.24.2.u1

Net Income per Share - Basic and Diluted Net Income per Share (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended				6 Months Ended
	Jun. 30, 2024	Mar. 31, 2024	Jun. 30, 2023	Mar. 31, 2023	Jun. 30, 2024	Jun. 30, 2023
Numerator:
Net income	$ 6,133	$ 144	$ 3,660	$ 502	$ 6,277	$ 4,162
Denominator:
Weighted-average shares used in computing net income per share, basic (in shares)	137,760,693		135,302,409		137,348,777	135,111,072
Effect of dilutive securities (in shares)	4,382,325		3,469,204		4,070,744	2,902,382
Weighted-average shares used in computing net income per share, dilutive (in shares)	142,143,018		138,771,613		141,419,521	138,013,454
Net income per share, basic (in dollars per share)	$ 0.04		$ 0.03		$ 0.05	$ 0.03
Net income per share, dilutive (in dollars per share)	$ 0.04		$ 0.03		$ 0.04	$ 0.03

v3.24.2.u1

Net Income per Share - Antidilutive Securities Excluded from Computation of Diluted Net Income Per Share (Details) - shares	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of diluted net income per share	164,135	683,691	227,044	1,109,292
Stock options
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of diluted net income per share	0	0	0	0
RSUs and PSUs
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of diluted net income per share	164,135	683,691	227,044	1,109,292

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