How did CarGurus' revenue streams shift in Q4 2024 compared to previous quarters?

CarGurus' revenue streams in Q4 2024 showed a significant shift compared to previous quarters, with a notable decrease in total revenue and changes in the distribution of revenue across different business segments. 1. **Total Revenue Decline**: The total revenue for CarGurus in Q4 2024 was $228.54 million, which is a decrease from the previous quarter's total revenue of $231.36 million in Q3 2024. This decline indicates a reduction in the company's overall performance. |code|Ticker|Name|Date|Total Revenue YoY|Total Revenue|market_code| |---|---|---|---|---|---|---| |CARG|CARG.O|CarGurus|2024 Q1|-6.9696460211326805|2.15796E8|185| |CARG|CARG.O|CarGurus|2024 Q2|-8.778369630052934|2.18692E8|185| |CARG|CARG.O|CarGurus|2024 Q3|5.441187864314394|2.31358E8|185| |CARG|CARG.O|CarGurus|2024 Q4|2.4269125101401468|2.28538E8|185| |code|Ticker|Name|Date|Total Revenue YoY|Total Revenue|market_code| |---|---|---|---|---|---|---| |CARG|CARG.O|CarGurus|2023 Q4|-22.187386658482826|2.23123E8|185| |CARG|CARG.O|CarGurus|2024 Q1|-6.9696460211326805|2.15796E8|185| |CARG|CARG.O|CarGurus|2024 Q2|-8.778369630052934|2.18692E8|185| |CARG|CARG.O|CarGurus|2024 Q3|5.441187864314394|2.31358E8|185| 2. **Shift in Revenue Distribution**: In Q4 2024, the revenue distribution changed significantly. The Marketplace Subscription segment saw a decrease from $586.41 million in Q3 2024 to $796.6 million in Q4 2024, which is a notable increase, but the absolute value is lower than the previous quarter. On the other hand, the Advertising and Other segment decreased from $51.2 million to $46.58 million, and the Product segment decreased from $41.35 million to $38.09 million. This suggests a shift in focus or performance within these segments. |code|Ticker|Name|Date|Business Composition|Revenue By Business|market_code| |---|---|---|---|---|---|---| |CARG|CARG.O|CarGurus|20240101-2024|Product|4.6584E7|185| |CARG|CARG.O|CarGurus|20240101-2024|Product|3.809E7|185| |CARG|CARG.O|CarGurus|20240101-2024|Product|2.2858E7|185| |CARG|CARG.O|CarGurus|20240101-2024|Product|1.2452E7|185| |CARG|CARG.O|CarGurus|20240101-2024|Marketplace Subscription|1.87219E8|185| |CARG|CARG.O|CarGurus|20240101-2024|Product|1.2452E7|185| |CARG|CARG.O|CarGurus|20240101-2024|Advertising and Other|1.6125E7|185| In conclusion, CarGurus experienced a decline in total revenue in Q4 2024 compared to the previous quarter, but there was a significant shift in the distribution of revenue across different business segments, with some segments showing increased revenue while others decreased.