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CONDENSED 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
Revenues        
Total revenues $ 700,821 $ 640,178 $ 2,022,604 $ 1,859,290
Operating costs        
Cost of revenue (excluding depreciation and amortization) 349,075 331,839 1,022,491 971,480
Sales and marketing 79,577 69,131 214,701 195,568
Product development 66,989 61,030 197,468 186,435
General and administrative 76,640 76,209 239,105 231,894
Depreciation and amortization 21,341 20,622 64,115 61,865
Generative AI Litigation Costs 2,411 4,620 10,298 7,592
Multiemployer pension plan liability adjustment 0 0 4,453 0
Total operating costs 596,033 563,451 1,752,631 1,654,834
Operating profit 104,788 76,727 269,973 204,456
Other components of net periodic benefit costs (4,640) (1,050) (13,917) (3,124)
Interest income and other, net 7,851 9,366 27,575 26,449
Income before income taxes 107,999 85,043 283,631 227,781
Income tax expense 26,352 20,900 69,488 57,681
Net income $ 81,647 $ 64,143 $ 214,143 $ 170,100
Average number of common shares outstanding:        
Basic (in shares) 163,022 164,419 163,392 164,535
Diluted (in shares) 164,398 165,847 164,726 165,834
Basic earnings per share attributable to common stockholders (in usd per share) $ 0.50 $ 0.39 $ 1.31 $ 1.03
Diluted earnings per share attributable to common stockholders (in usd per share) 0.50 0.39 1.30 1.03
Dividends declared per share (in usd per share) $ 0.18 $ 0.13 $ 0.54 $ 0.39
Subscription        
Revenues        
Total revenues $ 494,630 $ 453,327 $ 1,440,307 $ 1,321,654
Advertising        
Revenues        
Total revenues 132,291 118,370 374,341 341,244
Affiliate, licensing and other        
Revenues        
Total revenues $ 73,900 $ 68,481 $ 207,956 $ 196,392