v3.26.1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 9,099,232 $ 9,033,681
Short-term investments 28,678 28,678
Other current assets 4,725,393 3,957,832
Total current assets 13,853,303 13,020,191
Content assets, net 33,837,573 32,778,392
Property and equipment, net 2,398,848 2,004,350
Other non-current assets 8,360,717 7,794,060
Total assets 58,450,441 55,596,993
Current liabilities:    
Current content liabilities 3,866,522 4,084,854
Accounts payable 814,551 900,612
Accrued expenses and other liabilities 3,172,611 3,220,869
Deferred revenue 1,797,456 1,775,730
Short-term debt 2,483,758 998,865
Total current liabilities 12,134,898 10,980,930
Non-current content liabilities 1,625,600 1,579,476
Long-term debt 11,825,548 13,463,971
Other non-current liabilities 2,712,343 2,957,128
Total liabilities 28,298,389 28,981,505
Commitments and contingencies (Note 9)
Stockholders’ equity:    
Common stock, $0.001 par value; 49,900,000,000 shares authorized at June 30, 2026 and December 31, 2025; 4,163,939,676 and 4,222,162,150 issued and outstanding at June 30, 2026 and December 31, 2025, respectively 7,670,503 7,286,410
Treasury stock at cost (413,373,678 and 346,541,145 shares at June 30, 2026 and December 31, 2025, respectively) (28,387,657) (22,372,658)
Accumulated other comprehensive loss (97,117) (580,382)
Retained earnings 50,966,323 42,282,118
Total stockholders’ equity 30,152,052 26,615,488
Total liabilities and stockholders’ equity $ 58,450,441 $ 55,596,993