15. Reportable Segments The following represents segment information for the Company’s single operating segment, for the periods presented (in millions): | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended June 30, | | Six Months Ended June 30, | | | 2026 | | 2025 | | 2026 | | 2025 | | Revenue | $ | 1,469 | | | $ | 1,081 | | | $ | 2,911 | | | $ | 2,116 | | | Add (deduct): | | | | | | | | Cost of revenue(1) | (292) | | | (236) | | | $ | (586) | | | $ | (461) | | | Developer exchange fees | (363) | | | (316) | | | (786) | | | (598) | | Adjusted infrastructure expenses(2) | (209) | | | (147) | | | (394) | | | (277) | | Adjusted trust & safety expenses(2) | (97) | | | (70) | | | (182) | | | (138) | | | Personnel costs, excluding stock-based compensation expense and excluding infrastructure and trust & safety personnel costs | (248) | | | (215) | | | (500) | | | (423) | | | Stock-based compensation expense, excluding infrastructure and trust & safety stock-based compensation expense | (248) | | | (251) | | | (488) | | | (476) | | | Depreciation and amortization expense | (65) | | | (54) | | | (126) | | | (108) | | Other segment items(3) | (179) | | | (109) | | | (373) | | | (203) | | | Interest income | 59 | | | 49 | | | 114 | | | 95 | | | Interest expense | (10) | | | (11) | | | (20) | | | (21) | | | (Provision for)/benefit from income taxes | (2) | | | (1) | | | (3) | | | (2) | | | Consolidated net loss | $ | (185) | | | $ | (280) | | | $ | (433) | | | $ | (496) | |
(1)Depreciation of servers and infrastructure equipment is included in infrastructure and trust & safety expenses in the Company’s condensed consolidated statement of operations. (2)Adjusted infrastructure and adjusted trust & safety expenses exclude depreciation and amortization expense. (3)Other segment items primarily include expenses for professional services, facilities, advertising and promotions, transactional taxes, and other income/(expense), net.
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