v3.25.2
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Income Statement [Abstract]        
Revenue $ 631,900 $ 642,444 $ 1,261,269 $ 1,288,575
Costs and expenses:        
Cost of revenue (exclusive of depreciation and amortization, which are shown separately below) 190,537 188,059 387,366 382,597
Advertising and marketing 167,547 170,270 335,732 353,599
Sales 49,951 50,438 98,644 104,802
Technology and development 68,784 76,751 138,742 158,139
General and administrative 108,114 109,552 220,888 221,249
Goodwill impairment 0 790,000 59,138 790,000
Acquisition, integration, and transformation costs 2,658 457 4,846 830
Restructuring costs 5,692 1,500 10,039 11,173
Amortization of intangible assets 88,664 94,862 172,968 189,919
Depreciation of property and equipment 4,338 1,703 7,902 4,537
Total costs and expenses 686,285 1,483,592 1,436,265 2,216,845
Loss from operations (54,385) (841,148) (174,996) (928,270)
Interest income (10,064) (13,572) (22,738) (27,514)
Interest expense 4,473 5,648 10,238 11,297
Other expense (income), net (8,371) 563 (10,806) 933
Loss before provision for income taxes (40,423) (833,787) (151,690) (912,986)
Provision for income taxes (7,763) 3,884 (26,018) 6,574
Net loss (32,660) (837,671) (125,672) (919,560)
Other comprehensive loss, net of tax:        
Currency translation adjustment 1,847 (337) 2,990 (1,976)
Comprehensive loss $ (30,813) $ (838,008) $ (122,682) $ (921,536)
Net loss per share, basic (in dollars per share) $ (0.19) $ (4.92) $ (0.72) $ (5.44)
Net loss per share, diluted (in dollars per share) $ (0.19) $ (4.92) $ (0.72) $ (5.44)
Weighted-average shares used to compute basic net loss per share (in shares) 175,917,380 170,229,583 175,040,625 168,980,165
Weighted-average shares used to compute diluted net loss per share (in shares) 175,917,380 170,229,583 175,040,625 168,980,165