XML 44 R33.htm IDEA: XBRL DOCUMENT v3.25.3
SEGMENT INFORMATION (Tables)
9 Months Ended
Sep. 30, 2025
Segment Reporting [Abstract]  
Schedule of Segment Information
The following table presents segment information with respect to the Company’s single operating segment for the three and nine months ended September 30, 2025 and September 30, 2024:
For the Quarters EndedFor the Nine Months Ended
(In thousands)September 30, 2025September 30, 2024September 30, 2025September 30, 2024
Revenues
Subscription$494,630 $453,327 $1,440,307 $1,321,654 
Advertising132,291 118,370 374,341 341,244 
Affiliate, licensing and other73,900 68,481 207,956 196,392 
Total revenues$700,821 $640,178 $2,022,604 $1,859,290 
Less:
Cost of revenue (excluding depreciation and amortization)$349,075 $331,839 $1,022,491 $971,480 
Sales and marketing79,577 69,131 214,701 195,568 
Product development66,989 61,030 197,468 186,435 
Adjusted general and administrative(1)
73,796 73,997 230,087 220,872 
Total adjusted operating profit$131,384 $104,181 $357,857 $284,935 
Less:
Other components of net periodic benefit costs4,640 1,050 13,917 3,124 
Depreciation and amortization21,341 20,622 64,115 61,865 
Severance1,600 329 5,207 6,230 
Multiemployer pension plan withdrawal costs1,244 1,883 3,811 4,792 
Generative AI Litigation Costs2,411 4,620 10,298 7,592 
Multiemployer pension plan liability adjustment— — 4,453 — 
Add:
Interest income and other, net7,851 9,366 27,575 26,449 
Income before income taxes$107,999 $85,043 $283,631 $227,781 
(1)Excludes severance and multiemployer pension plan withdrawal costs.