v3.25.1
Segment Information
 3 Months Ended
Mar. 31, 2025
Segment Reporting [Abstract]  
Segment Information Segment Information
The Company’s chief operating decision-maker ("CODM") is the chief executive officer and the executive management team. As of March 31, 2025, the Company is currently organized and operates as one operating and reportable segment. The Company is not organized by market and is managed and operated as one business. A single management team that reports to the chief executive officer comprehensively manages the entire business. The Company does not operate any material separate lines of business or separate business entities with respect to its services. Accordingly, the Company does not accumulate discrete financial information with respect to separate entities. The CODM assesses performance and makes decisions on optimizing the allocation of resources across functions and strategic investments using consolidated net income. Segment assets represent total assets as reported on the interim condensed consolidated balance sheets.
Information regarding the Company's one operating segment for the three months ended March 31, 2025 and 2024 were as follows (in thousands):

For the Three Months
Ended March 31,
20252024
Revenue$1,015,139 $986,970 
Less:
Co-location fees83,761 72,661 
Bandwidth fees47,823 61,172 
Network build-out and supporting services54,074 46,113 
Payroll and related costs380,514 384,095 
Capitalized salaries and related costs(80,771)(78,653)
Facilities-related costs21,869 21,550 
Software and related services20,118 17,791 
Other segment items (1)
46,712 45,354 
Depreciation and amortization174,022 156,183 
Stock-based compensation111,978 93,260 
Restructuring charges361 544 
Acquisition-related costs95 172 
Interest and marketable securities income, net(19,530)(27,841)
Interest expense6,750 6,818 
Other income, net
(6,020)(511)
Income tax expense50,212 12,844 
Net income$123,171 $175,418 

(1) Other segment items includes marketing programs and related costs, third-party professional service fees, non-income related tax expense and other expenses.