| Selected Quarterly Financial Data (unaudited) |
12. Selected Quarterly Financial Data (unaudited)
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Three months ended |
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Two
months
ended |
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April 30,
2012 |
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July 31,
2012 |
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Oct 31,
2012 |
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Jan 31,
2013 |
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April 30,
2013 |
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July 31,
2013 |
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Oct 31,
2013 |
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Dec 31,
2013(1) |
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(in thousands, except per share data)
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Total revenue
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$ |
80,784 |
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$ |
101,267 |
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$ |
120,005 |
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$ |
125,089 |
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$ |
125,510 |
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$ |
157,355 |
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$ |
180,376 |
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$ |
136,992 |
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Cost of revenue:
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Cost of Revenue—Content acquisition costs
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55,818 |
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60,522 |
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65,713 |
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76,695 |
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82,853 |
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81,880 |
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86,989 |
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63,144 |
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Cost of revenue—Other
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6,917 |
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7,514 |
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8,338 |
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9,250 |
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9,779 |
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11,037 |
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12,423 |
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8,605 |
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Total cost of revenue
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62,735 |
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68,036 |
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74,051 |
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85,945 |
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92,632 |
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92,917 |
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99,412 |
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71,749 |
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Gross profit
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18,049 |
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33,231 |
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45,954 |
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39,144 |
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32,878 |
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64,438 |
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80,964 |
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65,243 |
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Operating expenses:
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Product development
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4,119 |
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4,475 |
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4,371 |
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5,153 |
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7,033 |
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7,926 |
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8,848 |
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6,179 |
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Sales and marketing
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23,460 |
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23,457 |
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26,714 |
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34,084 |
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40,083 |
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45,794 |
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50,575 |
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33,322 |
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General and administrative
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10,612 |
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10,602 |
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12,700 |
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14,333 |
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14,209 |
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18,352 |
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23,038 |
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14,613 |
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Total operating expenses
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38,191 |
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38,534 |
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43,785 |
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53,570 |
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61,325 |
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72,072 |
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82,461 |
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54,114 |
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Income (loss) from operations
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(20,142 |
) |
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(5,303 |
) |
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2,169 |
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(14,426 |
) |
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(28,447 |
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(7,634 |
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(1,497 |
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11,129 |
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Net income (loss) attributable to common stockholders
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$ |
(20,228 |
) |
$ |
(5,415 |
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$ |
2,052 |
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$ |
(14,557 |
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$ |
(28,587 |
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$ |
(7,787 |
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$ |
(1,700 |
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$ |
11,057 |
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Net income (loss) per share, basic and diluted
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$ |
(0.12 |
) |
$ |
(0.03 |
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$ |
0.01 |
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$ |
(0.09 |
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$ |
(0.16 |
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$ |
(0.04 |
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$ |
(0.01 |
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$ |
0.06 |
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- (1)
- We are using this report to transition to a quarterly reporting cycle that corresponds to a December 31 fiscal year end. Therefore, for financial reporting purposes our fourth quarter of the current fiscal year was shortened from the three months ended January 31 to the two months ended December 31.
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