v3.26.1
Segment Information (Tables)
 12 Months Ended
Dec. 31, 2025
Segment Reporting [Abstract]  
Schedule of Customer Accounting for 10% or More of Segment Revenue
 Years Ended December 31,
 202520242023
Advertising
Net revenue$2,327,796 $2,065,255 $1,792,991 
Cost of revenue982,003 868,675 809,785 
Gross profit1,345,793 1,196,580 983,206 
Subscriptions
Net revenue1,817,090 1,457,521 1,201,114 
Cost of revenue1,006,439 768,141 617,761 
Gross profit810,651 689,380 583,353 
Devices
Net revenue592,365 590,122 490,514 
Cost of revenue674,385 670,437 534,458 
Gross profit(82,020)(80,315)(43,944)
Total
Net revenue4,737,251 4,112,898 3,484,619 
Cost of revenue2,662,827 2,307,253 1,962,004 
Gross profit$2,074,424 $1,805,645 $1,522,615 
Subscriptions revenue for the year ended December 31, 2025, 2024, and 2023 was comprised of revenue from content distribution arrangements of $1.16 billion, $1.04 billion, and $870.5 million, respectively; sale of Premium Subscriptions of $576.0 million, $400.8 million, and $310.2 million, respectively; and revenue from other subscriptions services of $80.8 million, $13.7 million, and $20.4 million, respectively.
Schedule of Long-lived Assets by Geographic Areas
The following table presents long-lived assets, net, which consist primarily of property and equipment and operating lease right-of-use assets, by geographic area (in thousands):
As of December 31,
20252024
United States$338,689 $401,464 
United Kingdom77,443 92,110 
Other countries17,786 24,621 
Total$433,918 $518,195