Segment Information (Tables)

3 Months Ended

Mar. 31, 2025

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,
	2025		2024
Revenue	$	1,015,139	$	986,970
Less:
Co-location fees	83,761		72,661
Bandwidth fees	47,823		61,172
Network build-out and supporting services	54,074		46,113
Payroll and related costs	380,514		384,095
Capitalized salaries and related costs	(80,771)		(78,653)
Facilities-related costs	21,869		21,550
Software and related services	20,118		17,791
Other segment items (1)	46,712		45,354
Depreciation and amortization	174,022		156,183
Stock-based compensation	111,978		93,260
Restructuring charges	361		544
Acquisition-related costs	95		172
Interest and marketable securities income, net	(19,530)		(27,841)
Interest expense	6,750		6,818
Other income, net	(6,020)		(511)
Income tax expense	50,212		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.