Second Quarter 2022 Earnings
Operating Expenses
cars.com
fuel
Adjusted Operating Expenses
Quarterly Expense ($MM)
S
$125
$116
$116
$113
$6.4
$105
$105 $107
$100
$11.8
$95
$111 $111
$12.7 $11.8
Drivers of YOY Change
$12.3 $12.5
$10.9
$10.3 $11.6
$10.9
$79
$75
$4.6
$54.4
$9.3
$49.5
$49.9
$51.9
$50.6 $50.6 $55.8
$53.2
$44.8
$50
$31.1
YOY increase in Product and
Technology expense driven
primarily by higher
compensation and consulting
costs related to the Accu-Trade
and CreditIQ acquisitions.
$17.3
$15.5
$17.6
$18.8 $19.7
$20.1
$21.0
$14.3
$14.5
$11.1
$25
$26.0
$22.7
$25.3 $26.9
$27.5 $28.0 $28.7
$29.0 $27.6
$29.2
YOY increase in Marketing and
Sales investments to help drive
traffic generation.
50
$0
Q1'20
Q2'20 Q3'20 Q4'20
Q1'21
Affiliate Revenue Share
Product & Technology
General & Administrative
Cost of Revenue/Operations
Q2'21 Q3'21 Q4'21 Q1'22
Marketing & Sales
Q2'22
Note: We define Adjusted Operating Expenses as total operating expenses adjusted to exclude stock-based compensation, write-off and impairments of goodwill, intangible assets,
long-lived assets, severance, transformation and other exit costs and transaction-related items. Adjusted Operating Expenses in this graph exclude depreciation and amortization.View entire presentation