v3.25.1
Reportable Segments
 3 Months Ended
Mar. 31, 2025
Property, Plant and Equipment [Abstract]  
Reportable Segments
16. Reportable Segments
The following represents segment information for the Company’s single operating segment, for the periods presented (in thousands):
 
Three Months Ended March 31,
 20252024
Revenue$1,035,207 $801,300 
Add (deduct):
Cost of revenue(1)
$(224,725)$(178,866)
Developer exchange fees(281,564)(202,405)
Adjusted infrastructure expenses(2)
(130,104)(115,015)
Adjusted trust & safety expenses(2)
(68,237)(65,729)
Personnel costs, excluding stock-based compensation expense and excluding infrastructure and trust & safety personnel costs(207,864)(197,262)
Stock-based compensation expense, excluding infrastructure and trust & safety stock-based compensation expense(225,386)(213,227)
Depreciation and amortization expense(53,734)(53,741)
Other segment items(3)
(95,043)(77,729)
Interest income46,323 42,170 
Interest expense(10,350)(10,363)
(Provision for)/benefit from income taxes(863)(1,053)
Consolidated net loss$(216,340)$(271,920)
(1)Depreciation of servers and infrastructure equipment included in infrastructure and trust & safety expenses in the Company’s consolidated statement of operations.
(2)Adjusted infrastructure and adjusted trust & safety expenses exclude depreciation and amortization expense.
(3)Other segment items primarily include expenses for professional services, facilities, advertising and promotions, certain software and equipment, and other income/(expense), net.