v3.25.2
Property and Equipment, Net
 6 Months Ended
Jun. 30, 2025
Property, Plant and Equipment [Abstract]  
Property and Equipment, Net Property and Equipment, Net
The following table presents the detail of property and equipment, net as of the dates presented (in millions):
June 30, 2025December 31, 2024
Website development costs$597 $564 
Leasehold improvements32 45 
Computer equipment17 18 
Office equipment, furniture and fixtures12 16 
Construction-in-progress4 — 
Property and equipment662 643 
Less: accumulated amortization and depreciation(289)(283)
Property and equipment, net$373 $360 
We recorded depreciation expense related to property and equipment (other than website development costs) of $3 million and $4 million for the three months ended June 30, 2025 and 2024, respectively, and $7 million and $8 million for the six months ended June 30, 2025 and 2024, respectively.
We capitalized website development costs of $51 million and $54 million for the three months ended June 30, 2025 and 2024, respectively, and $99 million and $106 million for the six months ended June 30, 2025 and 2024, respectively. Amortization expense for website development costs included in cost of revenue was $42 million and $36 million for the three months ended June 30, 2025 and 2024, respectively, and $83 million and $69 million for the six months ended June 30, 2025 and 2024, respectively.