Commitments and Contingencies (Tables)

9 Months Ended

Sep. 30, 2026

The expected timing of payments for these content obligations is as follows:


	As of
	September 30, 2026		December 31, 2025
	(in thousands)
Less than one year	$	11,776,580	$	11,528,030
Due after one year and through three years	9,895,575		8,376,160
Due after three years and through five years	3,027,909		3,041,538
Due after five years	522,736		1,093,500
Total content obligations	$	25,222,800	$	24,039,228