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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Revenues        
Total revenues $ 640,178 $ 598,345 $ 1,859,290 $ 1,749,937
Operating costs        
Cost of revenue (excluding depreciation and amortization) 331,839 311,135 971,480 927,910
Sales and marketing 69,131 62,635 195,568 191,910
Product development 61,030 57,433 186,435 170,542
General and administrative 76,209 81,870 231,894 235,194
Depreciation and amortization 20,622 21,475 61,865 64,173
Generative AI Litigation Costs 4,620 0 7,592 0
Impairment charges 0 2,503 0 15,239
Multiemployer pension plan liability adjustment 0 (2,273) 0 (2,273)
Total operating costs 563,451 534,778 1,654,834 1,602,695
Operating profit 76,727 63,567 204,456 147,242
Other components of net periodic benefit (costs)/income (1,050) 684 (3,124) 2,053
Interest income and other, net 9,366 5,736 26,449 13,426
Interest income 9,626 6,016 27,212 14,182
Income before income taxes 85,043 69,987 227,781 162,721
Income tax expense 20,900 16,372 57,681 40,211
Net income $ 64,143 $ 53,615 $ 170,100 $ 122,510
Average number of common shares outstanding:        
Basic (in shares) 164,419 164,568 164,535 164,752
Diluted (in shares) 165,847 165,406 165,834 165,436
Basic earnings per share attributable to common stockholders (in usd per share) $ 0.39 $ 0.33 $ 1.03 $ 0.74
Diluted earnings per share attributable to common stockholders (in usd per share) 0.39 0.32 1.03 0.74
Dividends declared per share (in usd per share) $ 0.13 $ 0.11 $ 0.39 $ 0.33
Subscription        
Revenues        
Total revenues $ 453,327 $ 418,577 $ 1,321,654 $ 1,225,709
Advertising        
Revenues        
Total revenues 118,370 117,113 341,244 341,124
Other        
Revenues        
Total revenues $ 68,481 $ 62,655 $ 196,392 $ 183,104