The year-over-year decline is largely due to lower compensation and travel expenses in both our content and commerce businesses, offset by incremental expenses from acquisitions.

May 1, 2025 / CFO / receipt, needs a key / David Doft, CFO | earnings call 2025-05-01 | transcript f8ce316e-bd32-4ff9-8a77-1a3f8d6561cc | chars 10067-10245 | segment 10

The year-over-year increase is largely due to the impact of the acquisition of Hotel Interactive, which closed in January, severance expense related to recent changes to de-layer some of our senior leadership teams, acquisition integration costs, and a $1.5 million increase in estimated contingent consideration payments for past acquisitions, which flows through the PML at an expense, even though it will be purchase price when ultimately paid.

May 7, 2024 / CFO / receipt, needs a key / David Doft, CFO | earnings call 2024-05-07 | transcript e7d92778-9b51-4ed5-8757-ccb18227650d | chars 10126-10573 | segment 10