| Schedule of 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. |
|