| Schedule of selected quarterly financial data (unaudited) |
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Three months ended |
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Two months ended |
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Three months ended |
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April 30, |
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July 31, |
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October 31, |
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December 31, |
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March 31, |
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June 30, |
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September 30, |
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December 31, |
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2013 |
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2013 |
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2013 |
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2013 (1) |
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2014 |
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2014 |
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2014 |
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2014 |
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(in thousands, except per share data) |
Total revenue |
$ |
125,510 |
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$ |
157,355 |
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$ |
180,376 |
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$ |
136,992 |
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$ |
194,315 |
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$ |
218,894 |
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$ |
239,593 |
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$ |
268,000 |
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Cost of revenue |
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Cost of Revenue—Content acquisition costs |
82,853 |
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81,880 |
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86,989 |
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63,144 |
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108,275 |
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111,461 |
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111,315 |
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115,326 |
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Cost of revenue—Other |
9,845 |
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11,141 |
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12,532 |
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8,699 |
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14,979 |
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13,989 |
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15,453 |
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17,206 |
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Total cost of revenue |
92,698 |
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93,021 |
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99,521 |
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71,843 |
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123,254 |
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125,450 |
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126,768 |
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132,532 |
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Gross profit |
32,812 |
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64,334 |
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80,855 |
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65,149 |
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71,061 |
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93,444 |
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112,825 |
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135,468 |
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Operating expenses |
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Product development |
7,312 |
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8,301 |
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9,244 |
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6,437 |
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11,831 |
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13,076 |
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13,381 |
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14,865 |
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Sales and marketing |
40,075 |
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45,606 |
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50,285 |
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33,039 |
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61,864 |
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66,232 |
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72,320 |
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76,914 |
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General and administrative |
13,872 |
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18,061 |
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22,823 |
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14,544 |
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26,361 |
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25,865 |
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29,143 |
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31,074 |
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Total operating expenses |
61,259 |
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71,968 |
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82,352 |
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54,020 |
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100,056 |
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105,173 |
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114,844 |
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122,853 |
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Income (loss) from operations |
(28,447 |
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(7,634 |
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(1,497 |
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11,129 |
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(28,995 |
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(11,729 |
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(2,019 |
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12,615 |
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Net income (loss) attributable to common stockholders |
(28,587 |
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(7,787 |
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(1,700 |
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11,057 |
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(28,931 |
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(11,728 |
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(2,025 |
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12,278 |
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Net income (loss) per share, basic |
(0.16 |
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(0.04 |
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(0.01 |
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0.06 |
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(0.14 |
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(0.06 |
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(0.01 |
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0.06 |
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Net income (loss) per share, diluted |
$ |
(0.16 |
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$ |
(0.04 |
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$ |
(0.01 |
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$ |
0.05 |
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$ |
(0.14 |
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$ |
(0.06 |
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$ |
(0.01 |
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$ |
0.06 |
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(1) We changed our fiscal year from the twelve months ending January 31 to the calendar twelve months ending December 31, effective beginning with the year ended December 31, 2013. Therefore, for financial reporting purposes our fourth quarter of the prior fiscal year was shortened from the three months ended January 31 to the two months ended December 31. |
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