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Condensed Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Revenue:    
Revenue $ 1,125,821 $ 454,104
Cost of revenue (exclusive of amortization)    
Cost of revenue [1] 761,672 151,348
Sales and marketing 204,648 161,587
Technology and development 134,918 107,770
General and administrative 92,285 95,774
Equity Securities without Readily Determinable Fair Value, Impairment Loss, Annual Amount 76,800 0
Integration costs 0 352
Total costs and expenses 1,270,323 516,831
Loss from operations (144,502) (62,727)
Other income 9,593 9,168
Interest expense (37,592) (16,466)
Loss before income taxes (172,501) (70,025)
Income tax benefit 9,228 2,500
Net loss $ (163,273) $ (67,525)
Net loss per share - basic and diluted (usd per share) $ (0.78) $ (0.33)
Weighted-average shares outstanding - basic and diluted (in shares) 210,674 204,514
Amortization of website development costs and intangible assets included in technology and development $ 11,800 $ 11,000
Technology and Development    
Cost of revenue (exclusive of amortization)    
Amortization of website development costs and intangible assets included in technology and development 17,184 14,400
Homes    
Revenue:    
Revenue 769,873 128,472
Cost of revenue (exclusive of amortization)    
Cost of revenue [1] 732,199 122,419
Sales and marketing 71,589 20,862
Technology and development 32,538 12,281
General and administrative 23,421 14,357
Equity Securities without Readily Determinable Fair Value, Impairment Loss, Annual Amount 0 0
Integration costs 0 0
Total costs and expenses 859,747 169,919
Loss from operations (89,874) (41,447)
Other income 0 0
Interest expense (8,084) (3,758)
Loss before income taxes (97,958) (45,205)
IMT    
Revenue:    
Revenue 330,666 298,272
Cost of revenue (exclusive of amortization)    
Cost of revenue [1] 24,318 24,251
Sales and marketing 120,173 126,654
Technology and development 95,028 87,969
General and administrative 58,754 70,850
Equity Securities without Readily Determinable Fair Value, Impairment Loss, Annual Amount 73,900 0
Integration costs 0 0
Total costs and expenses 372,173 309,724
Loss from operations (41,507) (11,452)
Other income 0 0
Interest expense 0 0
Loss before income taxes (41,507) (11,452)
Mortgages Segment    
Revenue:    
Revenue 25,282 27,360
Cost of revenue (exclusive of amortization)    
Cost of revenue [1] 5,155 4,678
Sales and marketing 12,886 14,071
Technology and development 7,352 7,520
General and administrative 10,110 10,567
Equity Securities without Readily Determinable Fair Value, Impairment Loss, Annual Amount 2,900 0
Integration costs 0 352
Total costs and expenses 38,403 37,188
Loss from operations (13,121) (9,828)
Other income 202 313
Interest expense (226) (101)
Loss before income taxes $ (13,145) $ (9,616)
[1] Amortization of website development costs and intangible assets included in technology and development of $0 and $14,400 for the three months ended March 31, 2020 and 2019.