v3.25.4
Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Income Statement [Abstract]      
Revenue $ 2,883,501 $ 2,808,332 $ 2,748,377
Cost of revenue 817,800 774,554 828,675
Gross profit 2,065,701 2,033,778 1,919,702
Operating expenses:      
Marketing 914,830 856,565 759,196
Product development 450,192 443,056 469,332
General and administrative 332,766 353,949 343,242
Asset impairment charges 101,703 0 68,091
Total operating expenses 1,799,491 1,653,570 1,639,861
Income from operations 266,210 380,208 279,841
Other (expense) income:      
Interest expense (18,509) (13,806) (14,042)
Interest and other income 44,489 30,982 35,999
Foreign exchange (loss) gain (40,428) 13,391 (6,348)
Loss on sale of business (5,097) 0 (2,630)
Total other (expense) income (19,545) 30,567 12,979
Income before income taxes 246,665 410,775 292,820
(Provision) benefit for income taxes (83,683) (107,494) 14,748
Net income $ 162,982 $ 303,281 $ 307,568
Net income per share attributable to common stockholders:      
Basic (in dollars per share) $ 1.59 $ 2.64 $ 2.51
Diluted (in dollars per share) $ 1.39 $ 2.35 $ 2.24
Weighted average common shares outstanding:      
Basic (in shares) 102,356 114,944 122,503
Diluted (in shares) 124,114 131,721 140,145

Source