CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Thousands, $ in Thousands |
3 Months Ended | 6 Months Ended | ||
|---|---|---|---|---|
Jun. 30, 2026 |
Jun. 30, 2025 |
Jun. 30, 2026 |
Jun. 30, 2025 |
|
| Revenues | ||||
| Total revenues | $ 762,455 | $ 685,873 | $ 1,474,691 | $ 1,321,783 |
| Operating costs | ||||
| Cost of revenue (excluding depreciation and amortization) | 367,841 | 338,779 | 730,777 | 673,416 |
| Sales and marketing | 85,509 | 69,165 | 162,772 | 135,124 |
| Product development | 70,350 | 63,940 | 140,543 | 130,479 |
| General and administrative | 85,767 | 82,552 | 172,219 | 162,465 |
| Depreciation and amortization | 21,123 | 21,396 | 41,686 | 42,774 |
| Generative AI Litigation Costs | 4,628 | 3,490 | 8,840 | 7,887 |
| Multiemployer pension plan liability adjustments | 9,219 | 0 | 9,219 | 4,453 |
| Total operating costs | 644,437 | 579,322 | 1,266,056 | 1,156,598 |
| Operating profit | 118,018 | 106,551 | 208,635 | 165,185 |
| Other components of net periodic benefit costs | (3,637) | (4,639) | (7,219) | (9,277) |
| Interest income and other, net | 10,834 | 9,752 | 22,117 | 19,724 |
| Income before income taxes | 125,215 | 111,664 | 223,533 | 175,632 |
| Income tax expense | 31,797 | 28,719 | 42,193 | 43,136 |
| Net income | $ 93,418 | $ 82,945 | $ 181,340 | $ 132,496 |
| Average number of common shares outstanding: | ||||
| Basic (in shares) | 162,038 | 163,331 | 162,057 | 163,576 |
| Diluted (in shares) | 163,042 | 164,346 | 163,374 | 164,787 |
| Basic earnings per share attributable to common stockholders (in usd per share) | $ 0.58 | $ 0.51 | $ 1.12 | $ 0.81 |
| Diluted earnings per share attributable to common stockholders (in usd per share) | 0.57 | 0.50 | 1.11 | 0.80 |
| Dividends declared per share (in usd per share) | $ 0.23 | $ 0.18 | $ 0.46 | $ 0.36 |
| Subscription | ||||
| Revenues | ||||
| Total revenues | $ 537,880 | $ 481,420 | $ 1,054,751 | $ 945,677 |
| Advertising | ||||
| Revenues | ||||
| Total revenues | 149,123 | 133,974 | 275,947 | 242,050 |
| Affiliate, licensing and other | ||||
| Revenues | ||||
| Total revenues | $ 75,452 | $ 70,479 | $ 143,993 | $ 134,056 |
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- Definition Multiemployer Plans, Gain (Loss) On Withdrawal Obligation No definition available.
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- Definition Aggregate dividends declared during the period for each share of common stock outstanding. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of expense for allocation of cost of tangible and intangible assets over their useful lives, and reduction in quantity of natural resource due to consumption directly used in production of good and rendering of service. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Cost of product sold and service rendered, excluding depreciation, depletion, and amortization. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Total costs of sales and operating expenses for the period. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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- Definition Amount of gain (loss), recognized immediately as component of net periodic benefit (cost) credit, for change in value of benefit obligation or plan assets from experience different from that assumed, change in actuarial assumption, or consequence of temporarily deviating from substantive plan. Includes, but is not limited to, amount in excess of 10 percent of greater of fair value of plan assets or benefit obligation. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The aggregate total of expenses of managing and administering the affairs of an entity, including affiliates of the reporting entity, which are not directly or indirectly associated with the manufacture, sale or creation of a product or product line. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of interest income (expense) classified as nonoperating. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition The amount of expense provided in the period for legal costs incurred on or before the balance sheet date pertaining to resolved, pending or threatened litigation, including arbitration and mediation proceedings. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The net result for the period of deducting operating expenses from operating revenues. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount of expense for research and development. Includes, but is not limited to, cost for computer software product to be sold, leased, or otherwise marketed and writeoff of research and development assets acquired in transaction other than business combination or joint venture formation or both. Excludes write-down of intangible asset acquired in business combination or from joint venture formation or both, used in research and development activity. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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- Definition Amount, excluding tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value added and excise. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The aggregate total amount of expenses directly related to the marketing or selling of products or services. No definition available.
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- Definition The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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- Definition Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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