Prepaid Expenses and Other Current Assets

3 Months Ended

Mar. 31, 2026

Miscellaneous current assets [abstract]

Prepaid Expenses and Other Current Assets

PREPAID EXPENSES AND OTHER CURRENT ASSETS

A summary of the Group’s prepaid expenses and other current assets as of March 31, 2026 and December 31, 2025 is outlined below:


	March 31, 2026		December 31, 2025
(in USD and thousands)
Air	$	340,949	$	183,326
Operating, product and administration costs		90,529		66,665
Commissions		80,578		53,863
Credit card fees		60,697		47,458
Debt transaction costs		30,568		29,073
Forward foreign currency contracts		26,484		40,615
Advertising		19,092		15,040
Cash deposits		11,019		20,000
Other		30,727		5,186
Total	$	690,643	$	461,226

Air increased as of March 31, 2026, compared to December 31, 2025, primarily due to the timing of air ticket purchases and seasonality of the Group’s operations.

For details on forward foreign currency contracts, see Note 15.