MARIN SOFTWARE INC
Customers
1
1 disclosed
Suppliers
0
None disclosed
Largest customer
42%
GOOGL · 3M to 2024-09-30
Named-customer revenue
$1.8M
1 customer · 3M to 2024-09-30
Latest period
Sep 30, 2024
10-Q filed 2024-11-12
Customers 1
Companies MARIN SOFTWARE INC discloses as major customers, as a share of MARIN SOFTWARE INC revenue. 1 active, 0 lapsed.
| Company | % of MARIN SOFTWARE INC revenue | Est. revenue | Period | Trend | Status | Source |
|---|---|---|---|---|---|---|
| GOOGL Alphabet Inc. |
42% | $1.8M | 3M 2024-09-30 | −2.0pp | Active | 10-Q 2024-11-12 |
The Company recognized revenue from the Google Revenue Share Agreement of $1,788 and $5,363 for the three and nine months ended September 30, 2024 and 2023, respectively.Disaggregation of RevenueRevenue by geographic area, based on the billing location of the customer, was as follows for the periods presented: Three Months Ended September 30, Nine Months Ended September 30, 2024 2023 2024 2023 United States of America $ 3,428 $ 3,550 $ 9,954 $ 10,729 United Kingdom 518 529 1,471 1,536 Other (1) 336 359 933 1,116 Total revenue, net $ 4,282 $ 4,438 $ 12,358 $ 13,381 (1)No individual country within the “Other” category accounted for 10% or more of total revenue for any period presented.Advertisers from outside of the U.S. represented 20% of total revenue for the three and nine months ended September 30, 2024 and 2023.Revenue by nature of services performed was as follows for the periods presented: Three Months Ended September 30, Nine Months Ended September 30, 2024 2023 2024 2023 Subscriptions $ 2,494 $ 2,650 $ 6,995 $ 8,023 Strategic agreements 1,788 1,788 5,363 5,358 Total revenue, net $ 4,282 $ 4,438 $ 12,358 $ 13,381 The Google Revenue Share Agreement accounted for approximately 42% and 43% of the Company's total revenue for the three and nine months ended September 30, 2024, respectively, and 40% for both the three and nine months ended September 30, 2023. The Google Revenue Share Agreement accounted for approximately 44% of the Company's total revenue for the three and six months ended June 30, 2024 and 41% and 40% for the three and six months ended June 30, 2023, respectively. The Google Revenue Share Agreement accounted for approximately 44% and 39% of the Company's total revenues for the three months ended March 31, 2024 and 2023, respectively. The Company performs periodic credit evaluations of its customers and generally does not require collateral.As of December 31, 2023 and 2022, accounts receivable from one long-term strategic agreement with Google, as described in Note 2, accounted for 46% and 40%, respectively, of the Company's total accounts receivable, net. The New Google Revenue Share Agreement accounted for approximately 40% and 36% for the years ended December 31, 2023 and 2022, respectively. The New Google Revenue Share Agreement accounted for approximately 40% and 36% of the Company's total revenues for the three months ended September 30, 2023 and 2022, respectively and 40% and 36% for the nine months ended September 30, 2023 and 2022, respectively. The New Google Revenue Share Agreement accounted for approximately 41% and 38% of the Company's total revenues for the three months ended June 30, 2023 and 2022, respectively and 40% and 36% for the six months ended June 30, 2023 and 2022, respectively. The New Google Revenue Share Agreement accounted for approximately 39% and 35% of the Company's total revenues for the three months ended March 31, 2023 and 2022, respectively. The Original Google Revenue Share Agreement and the New Google Revenue Share Agreement accounted for approximately 36% of our revenues in 2022 and approximately 35% in 2021. Included in the balance of accounts receivable, net as of March 31, 2021 and December 31, 2020 was $1,725 related to the Google Revenue Share Agreement, which represented 38% and 34%, respectively, of accounts receivable, net. The Google Revenue Share Agreement accounted for approximately 35% of our revenues in 2021 and approximately 31% in 2020. Included in the balance of accounts receivable, net as of March 31, 2020 and December 31, 2019 was $2,300 and $3,101, respectively, related to the Google Revenue Share Agreement, which represented 32% and 35%, respectively, of accounts receivable, net. The Google Revenue Share Agreement accounted for approximately 31% of our revenues in 2020 and approximately 25% in 2019. As of December 31, 2019 and 2018, accounts receivable from one long-term strategic agreement with Google (see Note 3) accounted for 35% and 30%, respectively, of the Company's total accounts receivable, net. | ||||||
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