Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Operations

v3.2.0.727
Condensed Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
Revenue        
Advertising $ 230,921 $ 177,324 $ 409,660 $ 317,958
Subscription and other 54,639 41,570 106,664 95,251
Total revenue 285,560 218,894 516,324 413,209
Cost of revenue        
Cost of revenue - Content acquisition costs 130,134 111,461 256,157 219,736
Cost of revenue - Other 20,043 13,989 36,276 28,968
Total cost of revenue 150,177 125,450 292,433 248,704
Gross profit 135,383 93,444 223,891 164,505
Operating expenses        
Product development 18,742 13,076 34,617 24,907
Sales and marketing 94,035 66,232 178,309 128,096
General and administrative 38,812 25,865 75,566 52,226
Total operating expenses 151,589 105,173 288,492 205,229
Loss from operations (16,206) (11,729) (64,601) (40,724)
Other income, net 256 100 453 192
Loss before provision for income taxes (15,950) (11,629) (64,148) (40,532)
Provision for income taxes (115) (99) (174) (127)
Net loss $ (16,065) $ (11,728) $ (64,322) $ (40,659)
Weighted-average common shares outstanding used in computing basic and diluted net loss per share (in shares) 211,742 205,706 210,840 202,798
Net loss per share, basic and diluted (in dollars per share) $ (0.08) $ (0.06) $ (0.31) $ (0.20)