v3.25.2
CONDENSED CONSOLIDATED STATEMENTS OF SHAREHOLDERS’ EQUITY - USD ($)
shares in Thousands, $ in Millions
Total
Class A Common Stock, Class B Common Stock and Class C Capital Stock
Additional Paid-In Capital
Accumulated Deficit
Accumulated Other Comprehensive Income
Beginning balance (in shares) at Dec. 31, 2023   233,354      
Beginning balance at Dec. 31, 2023 $ 4,526 $ 0 $ 6,301 $ (1,770) $ (5)
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Issuance of Class C capital stock upon exercise of stock options (in shares)   1,624      
Issuance of Class C capital stock upon exercise of stock options 61   61    
Vesting of restricted stock units (in shares)   3,525      
Share-based compensation expense 261   261    
Repurchases of Class A common stock and class C capital stock (in shares)   (7,096)      
Repurchases of Class A common stock and Class C capital stock (301)   (301)    
Net income (loss) (40)     (40)  
Other comprehensive income (loss) (6)       (6)
Ending balance (in shares) at Jun. 30, 2024   231,407      
Ending balance at Jun. 30, 2024 4,501 $ 0 6,322 (1,810) (11)
Beginning balance (in shares) at Mar. 31, 2024   236,176      
Beginning balance at Mar. 31, 2024 4,665 $ 0 6,469 (1,793) (11)
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Issuance of Class C capital stock upon exercise of stock options (in shares)   315      
Issuance of Class C capital stock upon exercise of stock options 11   11    
Vesting of restricted stock units (in shares)   1,801      
Share-based compensation expense 134   134    
Repurchases of Class A common stock and class C capital stock (in shares)   (6,885)      
Repurchases of Class A common stock and Class C capital stock (292)   (292)    
Net income (loss) (17)     (17)  
Other comprehensive income (loss) 0        
Ending balance (in shares) at Jun. 30, 2024   231,407      
Ending balance at Jun. 30, 2024 4,501 $ 0 6,322 (1,810) (11)
Beginning balance (in shares) at Dec. 31, 2024   242,489      
Beginning balance at Dec. 31, 2024 $ 4,848 $ 0 6,733 (1,882) (3)
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Issuance of Class C capital stock upon exercise of stock options (in shares) 1,320 1,320      
Issuance of Class C capital stock upon exercise of stock options $ 55   55    
Vesting of restricted stock units (in shares)   2,967      
Share-based compensation expense 229   229    
Settlement of convertible senior notes (in shares)   1      
Repurchases of Class A common stock and class C capital stock (in shares)   (5,645)      
Repurchases of Class A common stock and Class C capital stock (400)   (400)    
Net income (loss) 10     10  
Other comprehensive income (loss) 4       4
Ending balance (in shares) at Jun. 30, 2025   241,132      
Ending balance at Jun. 30, 2025 4,746 $ 0 6,617 (1,872) 1
Beginning balance (in shares) at Mar. 31, 2025   241,320      
Beginning balance at Mar. 31, 2025 4,754 $ 0 6,628 (1,874) 0
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Issuance of Class C capital stock upon exercise of stock options (in shares)   520      
Issuance of Class C capital stock upon exercise of stock options 22   22    
Vesting of restricted stock units (in shares)   1,597      
Share-based compensation expense 117   117    
Settlement of convertible senior notes (in shares)   1      
Repurchases of Class A common stock and class C capital stock (in shares)   (2,306)      
Repurchases of Class A common stock and Class C capital stock (150)   (150)    
Net income (loss) 2     2  
Other comprehensive income (loss) 1       1
Ending balance (in shares) at Jun. 30, 2025   241,132      
Ending balance at Jun. 30, 2025 $ 4,746 $ 0 $ 6,617 $ (1,872) $ 1