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Consolidated Statements of Operations (unaudited) - USD ($)
shares in Thousands, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Revenue:        
Revenue $ 1,217.6 $ 1,124.5 $ 2,411.9 $ 2,233.0
Costs and operating expenses        
Cost of revenue (excluding depreciation and amortization) [1] 442.3 408.3 882.8 822.8
Technology and development [1] 214.3 205.9 419.6 408.8
Marketing and advertising [1] 93.4 93.2 193.5 180.7
Customer care [1] 73.5 73.3 144.6 149.7
General and administrative [1] 96.9 95.6 194.0 187.3
Restructuring and other [1] 0.3 6.9 2.4 29.3
Depreciation and amortization [1] 30.6 33.1 61.4 70.3
Total costs and operating expenses [1] 951.3 916.3 1,898.3 1,848.9
Operating income 266.3 208.2 513.6 384.1
Interest expense (38.3) (39.5) (75.5) (80.8)
Loss on debt extinguishment 0.0 (2.1) 0.0 (3.1)
Other income (expense), net 11.1 8.3 21.0 17.9
Income before income taxes 239.1 174.9 459.1 318.1
Benefit (provision) for income taxes (39.2) (28.6) (39.7) 229.7
Net income $ 199.9 $ 146.3 $ 419.4 $ 547.8
Net income per share of Class A common stock:        
Basic (in dollars per share) $ 1.44 $ 1.04 $ 2.99 $ 3.86
Diluted (in dollars per share) $ 1.41 $ 1.01 $ 2.92 $ 3.77
Weighted-average shares of Class A common stock outstanding:        
Basic (in shares) 138,734 141,269 140,200 141,899
Diluted (in shares) 141,408 144,644 143,387 145,321
Applications and commerce        
Revenue:        
Revenue $ 463.9 $ 405.6 $ 910.3 $ 788.7
Core platform        
Revenue:        
Revenue $ 753.7 $ 718.9 $ 1,501.6 $ 1,444.3
[1]
Costs and operating expenses include equity-based compensation expense as follows:
Cost of revenue0.3 0.3 0.6 0.3 
Technology and development43.3 39.3 84.5 76.8 
Marketing and advertising8.5 7.9 16.7 15.2 
Customer care5.7 5.7 10.8 11.5 
General and administrative23.2 23.0 48.8 43.4 
Restructuring and other— — — 0.8 
Total equity-based compensation expense$81.0 $76.2 $161.4 $148.0