Later in the call, the company said it has signed a term sheet for the sale for a "total estimated consideration" of $900 million. That includes $500 million in cash, "with the remainder representing a minority equity stake in the combined private company."
Advertising revenue climbed 73% in the quarter to almost $1 billion. The ad business was previously categorized as Software Platform. The company said it made the change because advertising accounts for "substantially all of the revenue in this segment."