XML 13 R2.htm IDEA: XBRL DOCUMENT v3.25.3
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Income Statement [Abstract]        
Revenue $ 715,183 $ 691,300 $ 2,104,458 $ 2,099,983
Cost of revenue, excluding technology costs 313,074 294,656 914,899 880,706
Technology costs 168,009 189,417 515,810 590,051
Selling, general and administrative 140,475 149,386 399,595 433,468
Operating income 93,625 57,841 274,154 195,758
Other expense:        
Interest expense, net (111,312) (113,126) (332,346) (341,435)
Loss on extinguishment of debt 0 0 (85,182) (37,994)
Equity method income 377 430 1,780 1,859
Other, net 6,929 (327) 6,432 (863)
Total other expense, net (104,006) (113,023) (409,316) (378,433)
Loss from continuing operations before income taxes (10,381) (55,182) (135,162) (182,675)
(Benefit) provision for income taxes (58,546) 7,236 21,068 16,564
Income (loss) from continuing operations 48,165 (62,418) (156,230) (199,239)
Income (loss) from discontinued operations, net of tax 800,313 (715) 783,725 (4,484)
Net income (loss) 848,478 (63,133) 627,495 (203,723)
Net (loss) income attributable to noncontrolling interests (266) (315) (221) 338
Income (loss) attributable to common stockholders $ 848,744 $ (62,818) $ 627,716 $ (204,061)
Basic net (loss) income per share attributable to common stockholders:        
Income (loss) from continuing operations (in dollars per share) $ 0.12 $ (0.16) $ (0.40) $ (0.52)
Income (loss) from discontinued operations (in dollars per share) 2.03 0 2.01 (0.01)
Net income (loss) per common share (in dollars per share) 2.15 (0.16) 1.61 (0.53)
Diluted net (loss) income per share attributable to common stockholders:        
Income (loss) from continuing operations (in dollars per share) 0.12 (0.16) (0.40) (0.52)
Income (loss) from discontinued operations (in dollars per share) 1.86 0 2.01 (0.01)
Net income (loss) per common share (in dollars per share) $ 1.98 $ (0.16) $ 1.61 $ (0.53)
Weighted-average common shares outstanding:        
Basic (in shares) 394,580 385,729 390,616 383,013
Diluted (in shares) 429,253 385,729 390,616 383,013