Property and Equipment, Net |
3 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Mar. 31, 2026 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Property and Equipment, Net | Property and Equipment, Net The following table presents the detail of property and equipment, net as of the dates presented (in millions):
We recorded depreciation expense related to property and equipment (other than website development costs) of $2 million and $4 million for the three months ended March 31, 2026 and 2025, respectively. We capitalized website development costs of $44 million and $48 million for the three months ended March 31, 2026 and 2025, respectively. Amortization expense for website development costs included in cost of revenue was $42 million and $41 million for the three months ended March 31, 2026 and 2025, respectively.
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