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CONSOLIDATED INTERIM STATEMENTS OF INCOME (LOSS) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Income Statement [Abstract]        
Revenues [1] $ 476,826 $ 465,474 $ 943,221 $ 892,967
Cost of revenues:        
Traffic acquisition cost [2] 300,705 297,423 603,084 577,220
Other cost of revenues 36,642 32,440 71,081 60,829
Total cost of revenues 337,347 329,863 674,165 638,049
Gross profit 139,479 135,611 269,056 254,918
Operating expenses:        
Research and development, net 38,435 37,482 78,015 73,438
Sales and marketing 67,156 71,248 139,721 137,138
General and administrative 26,629 26,837 51,677 50,560
Other income, net (3) 0 0 (77,000) 0
Other income, net (3) 132,220 135,567 192,413 261,136
Operating profit (loss) [3] 7,259 44 76,643 (6,218)
Operating profit (loss) 33 (2,491) (212) (6,991)
Finance income (expenses), net (4) 7,292 (2,447) 76,431 (13,209)
Income (loss) before income taxes (2,975) (1,898) (13,048) 114
Income tax benefit (expenses) $ 4,317 $ (4,345) $ 63,383 $ (13,095)
Net loss per share attributable to Ordinary and Non-voting Ordinary shareholders, basic (in dollars per share) $ 20.00 $ (10.00) $ 230 $ (40.00)
Net loss per share attributable to Ordinary and Non-voting Ordinary shareholders, diluted (in dollars per share) $ 0.01 $ (0.01) $ 220 $ (40.00)
Weighted-average shares used in computing net loss per share attributable to Ordinary and Non-voting Ordinary shareholders, basic (in shares) 278,160,082,000 313,572,282,000 280,185,111,000 327,578,134,000
Weighted-average shares used in computing net loss per share attributable to Ordinary and Non-voting Ordinary shareholders, diluted (in shares) 291,392,907,000 313,572,282,000 290,505,359,000 327,578,134,000
[1] Includes revenues from related party of $79,267 and $46,455, for the three months ended June 30, 2026 and 2025, respectively, and $148,947 and $94,780 for the six months ended June 30, 2026 and 2025, respectively.
[2]
(2) Includes traffic acquisition cost to related party of $104,270 and $84,154 for the three months ended June 30, 2026 and 2025, respectively, and $201,060 and $159,556 for the six months ended June 30, 2026 and 2025, respectively.
[3] See Note 10 Commitments and Contingencies.
(4) Includes loss on extinguishment of debt of $6,597 for the six months ended June 30, 2025.