Transition report pursuant to Rule 13a-10 or 15d-10

Selected Quarterly Financial Data (unaudited)

v2.4.0.8
Selected Quarterly Financial Data (unaudited)
11 Months Ended
Dec. 31, 2013
Selected Quarterly Financial Data (unaudited)  
Selected Quarterly Financial Data (unaudited)

12. Selected Quarterly Financial Data (unaudited)

 
  Three months ended   Two
months
ended
 
 
  April 30,
2012
  July 31,
2012
  Oct 31,
2012
  Jan 31,
2013
  April 30,
2013
  July 31,
2013
  Oct 31,
2013
  Dec 31,
2013(1)
 
 
  (in thousands, except per share data)
 

Total revenue

  $ 80,784   $ 101,267   $ 120,005   $ 125,089   $ 125,510   $ 157,355   $ 180,376   $ 136,992  

Cost of revenue:

                                                 

Cost of Revenue—Content acquisition costs

    55,818     60,522     65,713     76,695     82,853     81,880     86,989     63,144  

Cost of revenue—Other

    6,917     7,514     8,338     9,250     9,779     11,037     12,423     8,605  
                                   

Total cost of revenue

    62,735     68,036     74,051     85,945     92,632     92,917     99,412     71,749  
                                   

Gross profit

    18,049     33,231     45,954     39,144     32,878     64,438     80,964     65,243  

Operating expenses:

                                                 

Product development

    4,119     4,475     4,371     5,153     7,033     7,926     8,848     6,179  

Sales and marketing

    23,460     23,457     26,714     34,084     40,083     45,794     50,575     33,322  

General and administrative

    10,612     10,602     12,700     14,333     14,209     18,352     23,038     14,613  
                                   

Total operating expenses

    38,191     38,534     43,785     53,570     61,325     72,072     82,461     54,114  
                                   

Income (loss) from operations

    (20,142 )   (5,303 )   2,169     (14,426 )   (28,447 )   (7,634 )   (1,497 )   11,129  

Net income (loss) attributable to common stockholders

  $ (20,228 ) $ (5,415 ) $ 2,052   $ (14,557 ) $ (28,587 ) $ (7,787 ) $ (1,700 ) $ 11,057  

Net income (loss) per share, basic and diluted

  $ (0.12 ) $ (0.03 ) $ 0.01   $ (0.09 ) $ (0.16 ) $ (0.04 ) $ (0.01 ) $ 0.06  

(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.