Reportable Segments (Tables)

6 Months Ended

Jun. 30, 2026

Schedule of Represents Segment Revenue, Significant Segment Expenses, and Other Segment Items

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.