v3.26.1
CONSOLIDATED STATEMENTS OF STOCKHOLDERS' DEFICIT - USD ($)
shares in Thousands, $ in Millions
Total
Class A and Class B Common Stock
Additional Paid-In Capital
Accumulated Deficit
Accumulated Other Comprehensive (Loss) Income
Beginning balance (in shares) at Dec. 31, 2024   125,000      
Beginning balance at Dec. 31, 2024 $ (2,755) $ 0 $ 1,751 $ (4,510) $ 4
Increase (Decrease) in Stockholders' Equity          
Net income (loss) (98)     (98)  
Other comprehensive (loss) income (36)       (36)
Issuance of common stock upon vesting of RSUs (in shares)   3,000      
Shares withheld for employee taxes (9)   (9)    
Equity-based compensation 179   179    
Ending balance (in shares) at Jun. 30, 2025   128,000      
Ending balance at Jun. 30, 2025 (2,719) $ 0 1,921 (4,608) (32)
Beginning balance (in shares) at Mar. 31, 2025   127,000      
Beginning balance at Mar. 31, 2025 (2,809) $ 0 1,821 (4,623) (7)
Increase (Decrease) in Stockholders' Equity          
Net income (loss) 15     15  
Other comprehensive (loss) income (25)       (25)
Issuance of common stock upon vesting of RSUs (in shares)   1,000      
Shares withheld for employee taxes (9)   (9)    
Equity-based compensation 109   109    
Ending balance (in shares) at Jun. 30, 2025   128,000      
Ending balance at Jun. 30, 2025 (2,719) $ 0 1,921 (4,608) (32)
Beginning balance (in shares) at Dec. 31, 2025   130,000      
Beginning balance at Dec. 31, 2025 (2,782) $ 0 2,073 (4,823) (32)
Increase (Decrease) in Stockholders' Equity          
Net income (loss) (106)     (106)  
Other comprehensive (loss) income 7       7
Issuance of common stock upon vesting of RSUs (in shares)   2,000      
Shares withheld for employee taxes (in shares)   (1,000)      
Shares withheld for employee taxes (48)   (48)    
Equity-based compensation 145   145    
Settlement of convertible senior notes (in shares)   5,000      
Settlement of convertible senior notes (4)   (4)    
Ending balance (in shares) at Jun. 30, 2026   136,000      
Ending balance at Jun. 30, 2026 (2,788) $ 0 2,166 (4,929) (25)
Beginning balance (in shares) at Mar. 31, 2026   132,000      
Beginning balance at Mar. 31, 2026 (2,842) $ 0 2,114 (4,928) (28)
Increase (Decrease) in Stockholders' Equity          
Net income (loss) (1)     (1)  
Other comprehensive (loss) income 3       3
Issuance of common stock upon vesting of RSUs (in shares)   1,000      
Shares withheld for employee taxes (in shares)   (1,000)      
Shares withheld for employee taxes (19)   (19)    
Equity-based compensation 74   74    
Settlement of convertible senior notes (in shares)   4,000      
Settlement of convertible senior notes (3)   (3)    
Ending balance (in shares) at Jun. 30, 2026   136,000      
Ending balance at Jun. 30, 2026 $ (2,788) $ 0 $ 2,166 $ (4,929) $ (25)