XML 19 R2.htm IDEA: XBRL DOCUMENT v3.25.2
Unaudited Condensed Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Income Statement [Abstract]        
Revenue (Note 3) [1] $ 529 $ 497 $ 927 $ 892
Costs and expenses:        
Cost of sales (exclusive of depreciation and amortization as shown separately below) 42 40 68 64
Marketing (formerly Selling and marketing) [2] 218 204 389 366
Personnel (including stock-based compensation of $29, $34, $57 and $61, respectively - Note 9) 149 153 293 303
Technology [2] 25 22 48 44
General and administrative 13 21 31 50
Depreciation and amortization 23 21 44 42
Restructuring and other related reorganization costs 0 0 10 1
Total costs and expenses 470 461 883 870
Operating income (loss) 59 36 44 22
Other income (expense):        
Interest expense (17) (11) (29) (22)
Interest income 10 13 20 25
Other income (expense), net (5) 0 (8) (3)
Total other income (expense), net (12) 2 (17) 0
Income (loss) before income taxes 47 38 27 22
(Provision) benefit for income taxes (Note 7) (11) (14) (2) (57)
Net income (loss) $ 36 $ 24 $ 25 $ (35)
Earnings (loss) per share attributable to common stockholders (Note 11):        
Basic $ 0.29 $ 0.17 $ 0.19 $ (0.25)
Diluted $ 0.28 $ 0.17 $ 0.19 $ (0.25)
Numerator used to compute net income (loss) per share attributable to common stockholders (Note 11):        
Basic $ 36 $ 24 $ 25 $ (35)
Diluted $ 36 $ 24 $ 26 $ (35)
Weighted average common shares outstanding (Note 11):        
Basic 124,948 139,234 132,959 138,836
Diluted 130,242 145,218 138,663 138,836
[1] Our revenue is recognized primarily at a point in time for all reportable segments.
[2] The significant segment expense categories and amounts align with the segment-level information that is regularly provided to our CODM.