
	Three Months Ended June 30,				Six Months Ended June 30,
	2025		2024		2025		2024
Total revenue	$	1,512,507	$	1,104,441	$	2,921,313	$	2,279,437
Less:
Cost of revenue: Gaming taxes	501,929		380,686		985,332		782,359
Cost of revenue: Other (1)	291,736		246,893		586,345		507,104
Adjusted sales and marketing expenses (2)	222,898		207,203		556,096		542,425
Adjusted product and technology expenses (2)	87,556		66,885		175,009		135,883
Adjusted general and administrative expenses (2)	107,744		74,807		215,257		161,309
Depreciation and amortization	65,299		61,623		135,415		114,803
Interest income	(12,305)		(14,212)		(21,794)		(29,279)
Interest expense	11,640		678		16,734		1,327
Stock-based compensation	84,701		90,220		163,547		183,755
Income tax provision (benefit)	11,790		(73,570)		6,190		(73,921)
Other segment items (3)	(18,417)		(594)		(20,890)		32,418
Consolidated net income (loss)	$	157,936	$	63,822	$	124,072	$	(78,746)

(1)Cost of revenue: Other includes all cost of revenue, other than gaming tax, presented in the condensed consolidated statements of operations, adjusted for the impact of depreciation and amortization and stock-based compensation.

(2)These items represent the respective line items in the condensed consolidated statements of operations, adjusted for the impact of depreciation and amortization; stock-based compensation; transaction-related costs; certain litigation, settlement and related costs; certain advocacy and other related legal expenses; and other expenses, as further described below.

(3)Other segment items include: (i) transaction-related costs (ii) certain external legal costs related to litigation and litigation settlement costs deemed unrelated to our ordinary-course business operations; (iii) certain costs relating to advocacy efforts and other legal expenses in jurisdictions where we do not operate certain product offerings and are actively seeking licensure, or similar approval, for those product offerings, excluding costs relating to advocacy efforts and other legal expenses in jurisdictions where we do not operate that are incurred in the ordinary course of business and costs relating to advocacy efforts and other legal expenses incurred in jurisdictions where related legislation has been passed and we currently operate; (iv) (gain) loss on remeasurement of warrant liabilities; (v) (gain) loss from equity method investments; and (vi) other items not associated with our primary offerings, such as gains or losses on contingent consideration, gain or losses on business disposals and termination-related expenses.