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SEGMENT INFORMATION
 9 Months Ended
Sep. 30, 2025
Segment Reporting [Abstract]  
SEGMENT INFORMATION SEGMENT INFORMATION
The Company identifies a business as an operating segment if (i) it engages in business activities from which it may earn revenues and incur expenses; (ii) its operating results are regularly reviewed by the Company’s President and Chief Executive Officer (who is the Company’s CODM) to make decisions about resources to be allocated to the segment and assess its performance; and (iii) it has available discrete financial information.
In the third quarter of 2025, the Company revised its operating segments to align with how the CODM manages the business, and as a result, the Company has determined it has one reportable segment. The segment is evaluated regularly on a consolidated basis by the Company’s CODM in assessing performance and allocating resources. The Company’s CODM uses adjusted operating profit (loss) to allocate resources during the annual budgeting and forecasting process and to assess the Company’s performance. Adjusted operating profit is defined as operating profit before depreciation and amortization, severance, multiemployer pension plan withdrawal costs and special items. Adjusted operating profit is presented below, along with a reconciliation to income before taxes. Asset information is not a measure of performance used by the Company’s CODM. Accordingly, we have not disclosed asset information.
The following table presents segment information with respect to the Company’s single operating segment for the three and nine months ended September 30, 2025 and September 30, 2024:
For the Quarters EndedFor the Nine Months Ended
(In thousands)September 30, 2025September 30, 2024September 30, 2025September 30, 2024
Revenues
Subscription$494,630 $453,327 $1,440,307 $1,321,654 
Advertising132,291 118,370 374,341 341,244 
Affiliate, licensing and other73,900 68,481 207,956 196,392 
Total revenues$700,821 $640,178 $2,022,604 $1,859,290 
Less:
Cost of revenue (excluding depreciation and amortization)$349,075 $331,839 $1,022,491 $971,480 
Sales and marketing79,577 69,131 214,701 195,568 
Product development66,989 61,030 197,468 186,435 
Adjusted general and administrative(1)
73,796 73,997 230,087 220,872 
Total adjusted operating profit$131,384 $104,181 $357,857 $284,935 
Less:
Other components of net periodic benefit costs4,640 1,050 13,917 3,124 
Depreciation and amortization21,341 20,622 64,115 61,865 
Severance1,600 329 5,207 6,230 
Multiemployer pension plan withdrawal costs1,244 1,883 3,811 4,792 
Generative AI Litigation Costs2,411 4,620 10,298 7,592 
Multiemployer pension plan liability adjustment— — 4,453 — 
Add:
Interest income and other, net7,851 9,366 27,575 26,449 
Income before income taxes$107,999 $85,043 $283,631 $227,781 
(1)Excludes severance and multiemployer pension plan withdrawal costs.