Segment Reporting (Tables)

6 Months Ended

Jun. 30, 2025

Restructuring and Related Activities [Abstract]

Presented below is the discrete financial information by reportable segment for the three and six months ended June 30, 2025 and 2024, that reflects management’s current view of the business and that is regularly provided to the CODM. Asset information is not reviewed by the CODM on a segment basis. Revenue, costs of revenue and operating expenses are generally directly attributable to each segment. Certain costs of revenue and operating expenses are allocated based on methodologies that best reflect the patterns of consumption of these costs. Corporate costs are not allocated to operating segments. Corporate costs consist of costs that support company-wide processes, are managed on the company-wide level, and include costs related to corporate governance and communication, global brand awareness, information security, and certain legal, human resources, finance and accounting expenses. In addition to corporate costs, cost of revenue and operating expenses not allocated to operating segments include stock-based compensation, amortization of acquired intangibles, payroll taxes related to stock-based compensation, charitable contributions and restructuring costs.


	Three Months Ended June 30, 2025
	Communications		Segment		Total
	(In thousands)
Revenue	$	1,152,955	$	75,470	$	1,228,425
Cost of revenue attributable to segments	586,146		19,377		605,523
Operating expenses attributable to segments	286,196		50,084		336,280
Segment non-GAAP income from operations	$	280,613	$	6,009	$	286,622

Reconciliation of total segment non-GAAP income from operations to income from operations:
Total segment non-GAAP income from operations					$	286,622
Corporate costs not allocated to segments					(66,079)
Stock-based compensation					(149,251)
Amortization of acquired intangibles					(27,005)


Payroll taxes related to stock-based compensation					(4,921)
Charitable contributions					(2,237)
Restructuring costs					(140)

Income from operations					36,989
Other expenses, net					(3,397)
Income before provision for income taxes					$	33,592


	Three Months Ended June 30, 2024
	Communications		Segment		Total
	(In thousands)
Revenue	$	1,007,302	$	75,200	$	1,082,502
Cost of revenue attributable to segments	485,155		20,034		505,189
Operating expenses attributable to segments	272,217		70,981		343,198
Segment non-GAAP income (loss) from operations	$	249,930	$	(15,815)	$	234,115

Reconciliation of total segment non-GAAP income from operations to loss from operations:
Total segment non-GAAP income from operations					$	234,115
Corporate costs not allocated to segments					(58,796)
Stock-based compensation					(147,657)
Amortization of acquired intangibles					(28,184)


Payroll taxes related to stock-based compensation					(3,510)
Charitable contributions					(15,315)
Restructuring costs					310

Loss from operations					(19,037)
Other expenses, net					(7,206)
Loss before provision for income taxes					$	(26,243)


	Six Months Ended June 30, 2025
	Communications		Segment		Total
	(In thousands)
Revenue	$	2,249,762	$	151,126	$	2,400,888
Cost of revenue attributable to segments	1,136,925		39,059		1,175,984
Operating expenses attributable to segments	554,760		107,576		662,336
Segment non-GAAP income from operations	$	558,077	$	4,491	$	562,568

Reconciliation of total segment non-GAAP income from operations to income from operations:
Total segment non-GAAP income from operations					$	562,568
Corporate costs not allocated to segments					(128,617)
Stock-based compensation					(286,771)
Amortization of acquired intangibles					(54,144)


Payroll taxes related to stock-based compensation					(16,121)
Charitable contributions					(5,013)
Restructuring costs					(11,831)

Income from operations					60,071
Other income, net					105
Income before provision for income taxes					$	60,176


	Six Months Ended June 30, 2024
	Communications		Segment		Total
	(In thousands)
Revenue	$	1,979,308	$	150,244	$	2,129,552
Cost of revenue attributable to segments	949,455		36,825		986,280
Operating expenses attributable to segments	530,913		150,228		681,141
Segment non-GAAP income (loss) from operations	$	498,940	$	(36,809)	$	462,131

Reconciliation of total segment non-GAAP income from operations to income from operations:
Total segment non-GAAP income from operations					$	462,131
Corporate costs not allocated to segments					(127,202)
Stock-based compensation					(303,815)
Amortization of acquired intangibles					(57,123)


Payroll taxes related to stock-based compensation					(10,286)
Charitable contributions					(16,610)
Restructuring costs					(9,636)

Loss from operations					(62,541)
Other expenses, net					(8,863)
Loss before provision for income taxes					$	(71,404)