v3.26.1
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
CASH FLOWS FROM OPERATING ACTIVITIES    
Net (loss) / income $ (203,508) $ 48,128
Adjustments to reconcile net (loss) / income to net cash provided by operating activities:    
Depreciation and amortization 45,120 45,282
Deferred taxes (15,741) (6,798)
Non-cash equity-based compensation 25,908 33,509
Goodwill impairment 173,738 0
Loss on impairment of long-term investment 0 5,000
Bad debt expense 319 960
Unrealized loss / (gain) on investments, net 18,268 (31,288)
Changes in operating assets and liabilities:    
Accounts receivable 9,701 (55,674)
Prepaid expenses and other current and non-current assets 1,592 22,757
Accounts payable and other current and non-current liabilities (29,386) (14,587)
Contributor royalties payable 5,084 9,780
Deferred revenue (13,104) (4,986)
Net cash provided by operating activities 17,991 52,083
CASH FLOWS FROM INVESTING ACTIVITIES    
Capital expenditures (21,710) (22,120)
Cash received related to Giphy Retention Compensation 477 861
Acquisition of content (301) (4,978)
Security deposit receipt 249 38
Net cash used in investing activities (21,285) (26,199)
CASH FLOWS FROM FINANCING ACTIVITIES    
Cash paid for settlement of employee taxes related to RSU vesting (10,848) (5,012)
Payment of cash dividends (25,996) (23,124)
Repayment of credit facility (1,563) (1,563)
Net cash used in financing activities (38,407) (29,699)
Effect of foreign exchange rate changes on cash (3,335) 8,974
Net (decrease) / increase in cash and cash equivalents (45,036) 5,159
Cash and cash equivalents, beginning of period 178,244 111,251
Cash and cash equivalents, end of period 133,208 116,410
Supplemental Disclosure of Cash Information:    
Cash paid for income taxes 7,678 14,689
Cash paid for interest $ 7,288 $ 8,465