Annual report pursuant to Section 13 and 15(d)

Selected Quarterly Financial Data (unaudited) (Tables)

v2.4.1.9
Selected Quarterly Financial Data (unaudited) (Tables)
12 Months Ended
Dec. 31, 2014
Quarterly Financial Information Disclosure [Abstract]  
Schedule of selected quarterly financial data (unaudited)
 
Three months ended
 
Two months ended
 
Three months ended
 
April 30,
 
July 31,
 
October 31,
 
December 31,
 
March 31,
 
June 30,
 
September 30,
 
December 31,
 
2013
 
2013
 
2013
 
2013 (1)
 
2014
 
2014
 
2014
 
2014
 
(in thousands, except per share data)
Total revenue
$
125,510

 
$
157,355

 
$
180,376

 
$
136,992

 
$
194,315

 
$
218,894

 
$
239,593

 
$
268,000

Cost of revenue
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cost of Revenue—Content acquisition costs
82,853

 
81,880

 
86,989

 
63,144

 
108,275

 
111,461

 
111,315

 
115,326

Cost of revenue—Other
9,845

 
11,141

 
12,532

 
8,699

 
14,979

 
13,989

 
15,453

 
17,206

Total cost of revenue
92,698

 
93,021

 
99,521

 
71,843

 
123,254

 
125,450

 
126,768

 
132,532

Gross profit
32,812

 
64,334

 
80,855

 
65,149

 
71,061

 
93,444

 
112,825

 
135,468

Operating expenses
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Product development
7,312

 
8,301

 
9,244

 
6,437

 
11,831

 
13,076

 
13,381

 
14,865

Sales and marketing
40,075

 
45,606

 
50,285

 
33,039

 
61,864

 
66,232

 
72,320

 
76,914

General and administrative
13,872

 
18,061

 
22,823

 
14,544

 
26,361

 
25,865

 
29,143

 
31,074

Total operating expenses
61,259

 
71,968

 
82,352

 
54,020

 
100,056

 
105,173

 
114,844

 
122,853

Income (loss) from operations
(28,447
)
 
(7,634
)
 
(1,497
)
 
11,129

 
(28,995
)
 
(11,729
)
 
(2,019
)
 
12,615

Net income (loss) attributable to common stockholders
(28,587
)
 
(7,787
)
 
(1,700
)
 
11,057

 
(28,931
)
 
(11,728
)
 
(2,025
)
 
12,278

Net income (loss) per share, basic
(0.16
)
 
(0.04
)
 
(0.01
)
 
0.06

 
(0.14
)
 
(0.06
)
 
(0.01
)
 
0.06

Net income (loss) per share, diluted
$
(0.16
)
 
$
(0.04
)
 
$
(0.01
)
 
$
0.05

 
$
(0.14
)
 
$
(0.06
)
 
$
(0.01
)
 
$
0.06

(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.