v3.25.1
Stock-Based Compensation (Tables)
3 Months Ended
Mar. 31, 2025
Share-Based Payment Arrangement [Abstract]  
Schedule of Stock-Based Compensation Expense
Stock-based compensation expense recorded in the condensed consolidated statements of operations was as follows (in thousands):
Three Months Ended
March 31,
20252024
Platform operations$9,217 $5,555 
Sales and marketing28,936 20,292 
Technology and development40,981 27,974 
General and administrative49,119 56,799 
Total$128,253 $110,620 
Schedule of Stock Option Activity
The following summarizes stock option activity:
Shares
Under Options
(in thousands)
Weighted-
Average
Exercise Price
Outstanding as of December 31, 2024
9,813$43.31 
Granted176120.36 
Exercised(597)10.94 
Expired/Forfeited(226)72.94 
Outstanding as of March 31, 2025
9,166$46.16 
Exercisable as of March 31, 2025
6,066$30.56 
Schedule of Restricted Stock Activity
The following summarizes restricted stock activity:
Shares
(in thousands)
Weighted-
Average
Grant Date
Fair Value
Unvested as of December 31, 2024
10,197 $73.62 
Granted521 94.62 
Vested(1,043)68.28 
Forfeited(287)73.45 
Unvested as of March 31, 2025
9,388 $75.39