Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Operations

v3.10.0.1
Condensed Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Revenue        
Revenue $ 417,628 $ 378,639 $ 1,121,655 $ 1,071,477
Cost of revenue        
Cost of revenue 261,499 242,778 765,515 718,173
Gross profit 156,129 135,861 356,140 353,304
Operating expenses        
Product development 42,553 39,469 118,788 120,290
Sales and marketing 124,760 107,588 374,351 378,581
General and administrative 47,273 48,171 142,521 150,650
Goodwill impairment 0 0 0 131,997
Contract termination (benefit) fees 0 (423) 0 23,044
Total operating expenses 214,586 194,805 635,660 804,562
Loss from operations (58,457) (58,944) (279,520) (451,258)
Interest expense (6,768) (7,592) (20,799) (22,377)
Other income, net 1,684 559 6,033 866
Total other expense, net (5,084) (7,033) (14,766) (21,511)
Loss before (provision for) benefit from income taxes (63,541) (65,977) (294,286) (472,769)
(Provision for) benefit from income taxes (125) (266) 6,933 (877)
Net loss (63,666) (66,243) (287,353) (473,646)
Net loss available to common stockholders $ (71,251) $ (84,562) $ (309,774) $ (506,493)
Basic and diluted net loss per common share (in dollars per share) $ (0.27) $ (0.34) $ (1.19) $ (2.10)
Weighted-average basic and diluted common shares 268,058 245,810 260,327 241,579
Advertising        
Revenue        
Revenue $ 291,856 $ 275,741 $ 777,480 $ 777,253
Subscription and other        
Revenue        
Revenue 125,772 84,414 344,175 218,192
Ticketing service        
Revenue        
Revenue 0 18,484 0 76,032
Cost of revenue        
Cost of revenue 0 11,269 0 50,397
Cost of revenue—Content acquisition costs        
Cost of revenue        
Cost of revenue 222,191 204,222 666,631 587,517
Cost of revenue—Other        
Cost of revenue        
Cost of revenue $ 39,308 $ 27,287 $ 98,884 $ 80,259