Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Operations

v3.3.1.900
Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
11 Months Ended 12 Months Ended
Dec. 31, 2013
Dec. 31, 2015
Dec. 31, 2014
Revenue      
Advertising $ 489,340 $ 933,305 $ 732,338
Subscription and other 110,893 220,571 188,464
Ticketing service 0 10,167 0
Total revenue 600,233 1,164,043 920,802
Cost of revenue      
Cost of revenue—Content acquisition costs 314,866 610,362 446,377
Cost of revenue—Other 42,217 79,858 61,627
Cost of revenue—Ticketing service 0 7,121 0
Total cost of revenue 357,083 697,341 508,004
Gross profit 243,150 466,702 412,798
Operating expenses      
Product development 31,294 84,581 53,153
Sales and marketing 169,005 398,169 277,330
General and administrative 69,300 153,943 112,443
Total operating expenses 269,599 636,693 442,926
Income (loss) from operations (26,449) (169,991) (30,128)
Other income (expense), net (474) (1,220) 306
Loss before benefit from (provision for) income taxes (26,923) (171,211) (29,822)
Benefit from (provision for) income taxes (94) 1,550 (584)
Net loss $ (27,017) $ (169,661) $ (30,406)
Weighted-average common shares outstanding used in computing basic and diluted net loss per share (in shares) 180,968 213,790 205,273
Net loss per share, basic and diluted (in dollars per share) $ (0.15) $ (0.79) $ (0.15)