Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2025

Schedule of Property, Plant and Equipment

Property and equipment are recorded at cost less accumulated depreciation and content amortization. Depreciation and content amortization are computed using the straight-line method over the following estimated useful lives of the assets:


Classification						Useful Life
Content						5 years

Internal-use software and website development						3 years
Leasehold improvements						Shorter of the remaining lease term or 5 years
Furniture and fixtures						5 years
Computers and equipment						3 years

The following table presents our property and equipment, net balances (in thousands):


	December 31,
	2025		2024
Content	$	351,416	$	381,629
Internal-use software and website development	42,677		67,612
Leasehold improvements	2,827		8,207
Furniture and fixtures	1,127		3,346
Computer and equipment	1,949		2,953
Property and equipment	399,996		463,747
Less accumulated depreciation	(284,828)		(293,099)
Property and equipment, net	$	115,168	$	170,648