v3.26.1
Segments and Geographic Information (Tables)
 6 Months Ended
Jun. 30, 2026
Segment Reporting [Abstract]  
Schedule of Segment Reporting Information, by Segment
The following table presents the significant segment expenses and other segment items regularly reviewed by our CODM:
Three Months Ended June 30,Six Months Ended June 30,
2026202520262025
(in thousands)
Revenue$1,598,993 $1,344,930 $3,127,784 $2,708,147 
Less:
Infrastructure costs403,464 393,257 804,698 769,825 
Content and developer partner costs115,112 152,432 250,133 313,336 
Advertising partner and other costs137,459 104,409 263,330 203,560 
Operating expenses693,343 653,562 1,326,675 1,271,731 
Stock-based compensation and related payroll and other tax expense246,232 260,923 509,318 525,479 
Depreciation and amortization45,599 40,023 90,295 77,738 
Other segment items (1)
121,744 2,894 136,246 (51,365)
Net loss$(163,960)$(262,570)$(252,911)$(402,157)
(1)Other segment items primarily include interest income; interest expense; other income (expense), net; and income tax expense as reported in our consolidated statements of operations. Other segment items also include restructuring charges of $128.5 million for both the three and six months ended June 30, 2026.
Schedule of Long-Lived Assets by Geographic Areas
The following table represents our long-lived assets, which includes property and equipment, net and operating lease right-of-use assets, by geography:
As of
June 30, 2026
As of
December 31, 2025
(in thousands)
United States$753,547 $710,984 
United Kingdom261,657 245,911 
Rest of world (1)
133,155 127,396 
Total long-lived assets, net$1,148,359 $1,084,291 
(1)No individual country other than the United States and the United Kingdom exceeded 10% of our total long-lived assets for any period presented.