Commitments and Contingencies (Tables)

6 Months Ended

Jun. 30, 2026

The expected timing of payments for these content obligations is as follows:


	As of
	June 30, 2026		December 31, 2025
	(in thousands)
Less than one year	$	11,939,734	$	11,528,030
Due after one year and through three years	9,546,875		8,376,160
Due after three years and through five years	2,996,885		3,041,538
Due after five years	623,211		1,093,500
Total content obligations	$	25,106,705	$	24,039,228