Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Operations

v3.8.0.1
Condensed Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Revenue    
Advertising $ 214,568 $ 223,308
Subscription and other 104,665 64,878
Ticketing service 0 27,818
Total revenue 319,233 316,004
Cost of revenue    
Cost of revenue—Content acquisition costs 217,580 187,420
Cost of revenue—Other 26,849 25,532
Cost of revenue—Ticketing service 0 18,618
Total cost of revenue 244,429 231,570
Gross profit 74,804 84,434
Operating expenses    
Product development 35,884 39,588
Sales and marketing 124,216 125,102
General and administrative 41,631 44,525
Total operating expenses 201,731 209,215
Loss from operations (126,927) (124,781)
Interest expense (7,286) (7,381)
Other income, net 2,582 229
Total other expense, net (4,704) (7,152)
Loss before provision for income taxes (131,631) (131,933)
Provision for income taxes (74) (334)
Net loss (131,705) (132,267)
Net loss available to common stockholders $ (139,068) $ (132,267)
Basic and diluted net loss per common share (in dollars per share) $ (0.55) $ (0.56)
Weighted-average basic and diluted common shares 252,934 237,515