XML 15 R4.htm IDEA: XBRL DOCUMENT v3.24.2.u1
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Revenues        
Total revenues $ 625,097 $ 590,853 $ 1,219,112 $ 1,151,592
Operating costs        
Cost of revenue (excluding depreciation and amortization) 322,774 309,923 639,641 616,775
Sales and marketing 61,303 62,241 126,437 129,275
Product development 62,220 56,047 125,405 113,109
General and administrative 76,870 72,273 155,685 153,324
Depreciation and amortization 20,537 21,858 41,243 42,698
Generative AI Litigation Costs 1,983 0 2,972 0
Impairment charge 0 12,736 0 12,736
Total operating costs [1] 545,687 535,078 1,091,383 1,067,917
Operating profit 79,410 55,775 127,729 83,675
Other components of net periodic benefit (costs)/income (1,023) 684 (2,074) 1,369
Interest income and other, net 8,696 4,517 17,083 7,690
Income before income taxes 87,083 60,976 142,738 92,734
Income tax expense 21,543 14,402 36,781 23,839
Net income $ 65,540 $ 46,574 $ 105,957 $ 68,895
Average number of common shares outstanding:        
Basic (in shares) 164,540 164,714 164,592 164,844
Diluted (in shares) 165,514 165,037 165,716 165,325
Basic earnings per share attributable to common stockholders (in usd per share) $ 0.40 $ 0.28 $ 0.64 $ 0.42
Diluted earnings per share attributable to common stockholders (in usd per share) 0.40 0.28 0.64 0.42
Dividends declared per share (in usd per share) $ 0.13 $ 0.11 $ 0.26 $ 0.22
Subscription        
Revenues        
Total revenues $ 439,322 $ 409,590 $ 868,327 $ 807,132
Advertising        
Revenues        
Total revenues 119,163 117,770 222,874 224,011
Other        
Revenues        
Total revenues $ 66,612 $ 63,493 $ 127,911 $ 120,449
[1] Second quarter and first six months of 2023 were recast to conform to the current presentation of total operating costs.