v3.26.1
Consolidated Statements of Operations (unaudited) - USD ($)
shares in Thousands, $ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Revenue:        
Total revenue $ 1,298.0 $ 1,217.6 $ 2,564.9 $ 2,411.9
Costs and operating expenses        
Cost of revenue (excluding depreciation and amortization) [1] 469.8 442.3 928.9 882.8
Technology and development [1] 211.4 214.3 424.6 419.6
Marketing and advertising [1] 89.0 93.4 181.3 193.5
Customer care [1] 72.8 73.5 147.2 144.6
General and administrative [1] 90.5 96.9 181.5 194.0
Restructuring and other [1] 8.7 0.3 10.9 2.4
Depreciation and amortization [1] 13.3 30.6 37.5 61.4
Total costs and operating expenses [1] 955.5 951.3 1,911.9 1,898.3
Operating income 342.5 266.3 653.0 513.6
Interest expense (37.4) (38.3) (75.2) (75.5)
Other income (expense), net 11.9 11.1 21.1 21.0
Income before income taxes 317.0 239.1 598.9 459.1
Provision for income taxes (76.9) (39.2) (144.2) (39.7)
Net income $ 240.1 $ 199.9 $ 454.7 $ 419.4
Net income per share of Class A common stock:        
Basic (in dollars per share) $ 1.84 $ 1.44 $ 3.44 $ 2.99
Diluted (in dollars per share) $ 1.83 $ 1.41 $ 3.43 $ 2.92
Weighted-average shares of Class A common stock outstanding:        
Basic (in shares) 130,764 138,734 132,187 140,200
Diluted (in shares) 130,994 141,408 132,766 143,387
Applications and Commerce        
Revenue:        
Total revenue $ 514.8 $ 463.9 $ 1,013.0 $ 910.3
Core Platform        
Revenue:        
Total revenue $ 783.2 $ 753.7 $ 1,551.9 $ 1,501.6
[1]
Costs and operating expenses include equity-based compensation expense as follows:
Cost of revenue0.4 0.3 0.7 0.6 
Technology and development36.8 43.3 75.8 84.5 
Marketing and advertising5.6 8.5 12.1 16.7 
Customer care5.2 5.7 10.1 10.8 
General and administrative22.2 23.2 46.8 48.8 
Total equity-based compensation expense$70.2 $81.0 $145.5 $161.4