Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Operations (Unaudited)

v3.20.1
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Revenue    
Total revenue $ 276,673 $ 234,306
Cost of revenue 108,910 90,194
Amortization of product technologies 13,772 9,514
Gross profit 153,991 134,598
Operating expenses:    
Product development 31,548 29,897
Sales and marketing 54,657 44,823
General and administrative 40,528 28,143
Amortization of intangible assets 11,419 9,836
Total operating expenses 138,152 112,699
Operating income 15,839 21,899
Interest expense and other, net (12,735) (5,980)
Income before income taxes 3,104 15,919
Income tax (benefit) expense (2,501) 4,647
Net income $ 5,605 $ 11,272
Net income per share attributable to common stockholders:    
Basic (in dollars per share) $ 0.06 $ 0.12
Diluted (in dollars per share) $ 0.06 $ 0.12
Weighted average common shares outstanding:    
Basic (in shares) 92,654 91,490
Diluted (in shares) 95,919 95,561
On demand    
Revenue    
Total revenue $ 268,471 $ 226,519
Professional and other    
Revenue    
Total revenue $ 8,202 $ 7,787