Annual report pursuant to Section 13 and 15(d)

Selected Quarterly Financial Data (unaudited)

v3.3.1.900
Selected Quarterly Financial Data (unaudited)
12 Months Ended
Dec. 31, 2015
Quarterly Financial Information Disclosure [Abstract]  
Selected Quarterly Financial Data (unaudited)
Selected Quarterly Financial Data (unaudited)

 
Three months ended
 
March 31,
 
June 30,
 
September 30,
 
December 31,
 
March 31,
 
June 30,
 
September 30,
 
December 31,
 
2014
 
2014
 
2014
 
2014
 
2015
 
2015
 
2015
 
2015
 
(in thousands, except per share data)
Total revenue (1)
$
194,315

 
$
218,894

 
$
239,593

 
$
268,000

 
$
230,764

 
$
285,560

 
$
311,562

 
$
336,157

Cost of revenue
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cost of Revenue—Content acquisition costs
108,275

 
111,461

 
111,315

 
115,326

 
126,023

 
130,134

 
211,272

 
142,933

Cost of revenue—Other
14,979

 
13,989

 
15,453

 
17,206

 
16,233

 
20,043

 
21,414

 
22,168

Cost of revenue—Ticketing service (1)

 

 

 

 

 

 

 
7,121

Total cost of revenue
123,254

 
125,450

 
126,768

 
132,532

 
142,256

 
150,177

 
232,686

 
172,222

Gross profit
71,061

 
93,444

 
112,825

 
135,468

 
88,508

 
135,383

 
78,876

 
163,935

Operating expenses
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Product development (1)
11,831

 
13,076

 
13,381

 
14,865

 
15,875

 
18,742

 
21,849

 
28,115

Sales and marketing (1)
61,864

 
66,232

 
72,320

 
76,914

 
84,274

 
94,035

 
107,286

 
112,574

General and administrative (1)
26,361

 
25,865

 
29,143

 
31,074

 
36,754

 
38,812

 
35,603

 
42,774

Total operating expenses
100,056

 
105,173

 
114,844

 
122,853

 
136,903

 
151,589

 
164,738

 
183,463

Income (loss) from operations
(28,995
)
 
(11,729
)
 
(2,019
)
 
12,615

 
(48,395
)
 
(16,206
)
 
(85,862
)
 
(19,528
)
Net income (loss)
(28,931
)
 
(11,728
)
 
(2,025
)
 
12,278

 
(48,257
)
 
(16,065
)
 
(85,930
)
 
(19,409
)
Net income (loss) per share, basic
(0.14
)
 
(0.06
)
 
(0.01
)
 
0.06

 
(0.23
)
 
(0.08
)
 
(0.40
)
 
(0.09
)
Net income (loss) per share, diluted
$
(0.14
)
 
$
(0.06
)
 
$
(0.01
)
 
$
0.06

 
$
(0.23
)
 
$
(0.08
)
 
$
(0.40
)
 
$
(0.09
)
(1) Includes two months of revenue and expense for Ticketfly from the acquisition date of October 31, 2015 to December 31, 2015.