v3.25.4
Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Income Statement [Abstract]      
Revenue $ 4,890,551 $ 3,601,979 $ 2,799,274
Costs and expenses:      
Cost of revenue [1] 1,072,299 801,162 649,115
Developer exchange fees 1,503,106 922,821 740,752
Infrastructure and trust & safety 1,153,454 915,418 878,361
Research and development 1,567,747 1,444,207 1,253,598
General and administrative 580,114 407,507 390,055
Sales and marketing 246,173 174,181 146,460
Total costs and expenses 6,122,893 4,665,296 4,058,341
Loss from operations (1,232,342) (1,063,317) (1,259,067)
Interest income 201,610 179,531 141,818
Interest expense (41,457) (41,184) (40,707)
Other income/(expense), net 4,164 (11,530) (527)
Loss before income taxes (1,068,025) (936,500) (1,158,483)
Provision for/(benefit from) income taxes 3,593 4,114 454
Consolidated net loss (1,071,618) (940,614) (1,158,937)
Net loss attributable to noncontrolling interest (6,561) (5,230) (6,991)
Net loss attributable to common stockholders $ (1,065,057) $ (935,384) $ (1,151,946)
Net loss per share attributable to common stockholders, basic (in dollars per share) $ (1.54) $ (1.44) $ (1.87)
Net loss per share attributable to common stockholders, diluted (in dollars per share) $ (1.54) $ (1.44) $ (1.87)
Weighted-average common shares used in computing net loss per share attributable to common stockholders, basic (in shares) 689,612 647,482 616,445
Weighted-average shares used in computing net loss per share attributable to common stockholders—diluted (in shares) 689,612 647,482 616,445
[1] Depreciation of servers and infrastructure equipment included in infrastructure and trust & safety.