v3.26.1
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 2,001,815 $ 1,587,068
Short-term investments 555,387 730,213
Accounts receivable, net of allowances of $51,129 and $80,448 as of June 30, 2026 and December 31, 2025, respectively 776,603 879,871
Inventories 116,424 114,642
Prepaid expenses and other current assets 156,120 89,716
Total current assets 3,606,349 3,401,510
Property and equipment, net 155,052 173,577
Operating lease right-of-use assets 237,518 260,341
Content assets, net 151,620 167,908
Intangible assets, net 42,472 50,207
Goodwill 309,406 309,406
Other non-current assets 70,129 70,534
Total Assets 4,572,546 4,433,483
Current liabilities:    
Accounts payable 167,197 158,640
Accrued liabilities 967,334 957,983
Deferred revenue, current portion 123,704 120,912
Total current liabilities 1,258,235 1,237,535
Deferred revenue, non-current portion 25,400 28,848
Operating lease liability, non-current portion 386,410 435,899
Other long-term liabilities 79,049 73,256
Total Liabilities 1,749,094 1,775,538
Commitments and contingencies (Note 13)
Stockholders’ Equity:    
Common stock, $0.0001 par value 15 15
Additional paid-in capital 4,225,241 4,145,485
Accumulated other comprehensive income (loss) (424) 1,039
Accumulated deficit (1,401,380) (1,488,594)
Total stockholders’ equity 2,823,452 2,657,945
Total Liabilities and Stockholders’ Equity $ 4,572,546 $ 4,433,483