v3.25.1
Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Income Statement [Abstract]    
Revenue $ 1,484,021 $ 1,058,115
Costs and expenses:    
Cost of revenue 271,232 294,148
Sales and marketing 182,956 226,687
Research and development 122,918 155,323
General and administrative 54,501 42,398
Goodwill impairment 188,943 0
Total costs and expenses 820,550 718,556
Income from operations 663,471 339,559
Other income (expense):    
Interest expense (52,888) (74,182)
Other income, net 7,811 2,568
Total other expense, net (45,077) (71,614)
Income before income taxes 618,394 267,945
Provision for income taxes 41,975 31,762
Net income 576,419 236,183
Less: Net income attributable to participating securities 144 1,451
Net income attributable to common stock—Basic 576,275 234,732
Net income attributable to common stock—Diluted $ 576,277 $ 234,784
Net income per share attributable to Class A and Class B common stockholders:    
Basic (in dollars per share) $ 1.70 $ 0.70
Diluted (in dollars per share) $ 1.67 $ 0.67
Weighted-average common shares used to compute net income per share attributable to Class A and Class B common stockholders:    
Basic (in shares) 339,837,238 335,794,739
Diluted (in shares) 344,877,542 348,596,295