| Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Jan'13 | Dec'12 | Jan'12 | Jan'11 | Jan'10 |
|---|---|---|---|---|---|---|---|---|---|
Revenue | |||||||||
Advertising | |||||||||
1,074,927 | 1,072,490 | 933,305 | 732,338 | 489,340 | 375,218 | 343,318 | 239,957 | 119,333 | 50,147 |
Subscription and other | |||||||||
315,853 | 225,786 | 220,571 | 188,464 | 110,893 | 51,927 | 46,166 | 34,383 | 18,431 | 5,042 |
Ticketing service | |||||||||
76,032 | 86,550 | 10,167 | 0 | 0 | - | - | - | - | - |
Total revenue | |||||||||
1,466,812 | 1,384,826 | 1,164,043 | 920,802 | 600,233 | 427,145 | 389,484 | 274,340 | 137,764 | 55,189 |
Cost of revenueContent acquisition costs | |||||||||
804,032 | 734,353 | 610,362 | 446,377 | 314,866 | 258,748 | 230,731 | 148,708 | 69,357 | - |
Cost of revenueOther | |||||||||
112,638 | 102,717 | 79,972 | 61,627 | 42,217 | 32,282 | 28,988 | 22,759 | 11,559 | - |
Cost of revenueTicketing service | |||||||||
50,397 | 59,280 | 7,121 | 0 | 0 | - | - | - | - | - |
Total cost of revenue | |||||||||
967,067 | 896,350 | 697,455 | 508,004 | 357,083 | 291,030 | 259,719 | 171,467 | - | 7,892 |
Gross profit | |||||||||
499,745 | 488,476 | 466,588 | 412,798 | 243,150 | 136,115 | 129,765 | 102,873 | - | - |
Operating expenses | |||||||||
Product development | |||||||||
154,325 | 140,707 | 84,135 | 53,153 | 31,294 | 18,901 | 16,901 | 13,425 | 6,736 | 6,026 |
Sales and marketing | |||||||||
492,542 | 490,364 | 397,842 | 277,330 | 169,005 | 107,373 | 94,212 | 65,010 | 36,250 | 17,426 |
General and administrative | |||||||||
190,711 | 176,164 | 154,602 | 112,443 | 69,300 | 47,543 | 42,716 | 35,428 | 14,183 | 6,358 |
Goodwill impairment | |||||||||
131,997 | 0 | 0 | - | - | - | - | - | - | - |
Contract termination (benefit) fees | |||||||||
-23,044 | 0 | 0 | - | - | - | - | - | - | - |
Total operating expenses | |||||||||
992,619 | 807,235 | 636,579 | 442,926 | 269,599 | 173,817 | 153,829 | 113,863 | 138,085 | 70,648 |
Content acquisition | |||||||||
- | - | - | - | - | - | - | - | - | 32,946 |
Loss from operations | |||||||||
-492,874 | -318,759 | -169,991 | -30,128 | -26,449 | -37,702 | -24,064 | -10,990 | -321 | -15,459 |
Interest income | |||||||||
- | - | - | - | - | - | - | 59 | 31 | 62 |
Interest expense | |||||||||
29,335 | 26,144 | 1,976 | 528 | - | - | - | 616 | 612 | 898 |
Total other expense, net | |||||||||
3,024 | 1,697 | 756 | 834 | -474 | -441 | -401 | -4,485 | -728 | -458 |
Total other expense, net | |||||||||
-26,311 | -24,447 | -1,220 | 306 | - | - | - | - | - | - |
Loss before (provision for) benefit from income taxes | |||||||||
-519,185 | -343,206 | -171,211 | -29,822 | -26,923 | -38,143 | -24,465 | -16,032 | -1,630 | -16,753 |
(Provision for) benefit from income taxes | |||||||||
-790 | -228 | -1,550 | 584 | 94 | 5 | -3 | 75 | 134 | - |
Net loss | |||||||||
-518,395 | -342,978 | -169,661 | -30,406 | -27,017 | -38,148 | -24,462 | -16,107 | -1,764 | -16,753 |
Deemed dividend on Series D and Series E redeemable convertible preferred stock | |||||||||
- | - | - | - | - | - | - | - | - | 1,443 |
Accretion of redeemable convertible preferred stock | |||||||||
- | - | - | - | - | - | - | 110 | 300 | 218 |
Increase in cumulative dividends payable upon conversion or liquidation of redeemable convertible preferred stock | |||||||||
- | - | - | - | - | - | - | 3,648 | 8,978 | 6,461 |
Net loss available to common stockholders | |||||||||
-558,561 | -342,978 | -169,661 | - | - | - | - | -19,865 | -11,042 | -24,875 |
Basic and diluted net loss per common share (in dollars per share) | |||||||||
-2.29 | -1.49 | -0.79 | -0.15 | -0.15 | -0.23 | -0.15 | -0.19 | -1.03 | -3.84 |
Weighted-average basic and diluted common shares | |||||||||
243,637 | 230,693 | 213,790 | 205,273 | 180,968 | 168,294 | 167,956 | 105,955 | 10,761 | - |