v3.26.3
Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 8,194,275 $ 9,033,681
Short-term investments 28,678 28,678
Other current assets 4,999,384 3,957,832
Total current assets 13,222,337 13,020,191
Content assets, net 34,605,477 32,778,392
Property and equipment, net 2,560,619 2,004,350
Other non-current assets 8,293,521 7,794,060
Total assets 58,681,954 55,596,993
Current liabilities:    
Current content liabilities 3,885,069 4,084,854
Accounts payable 860,098 900,612
Accrued expenses and other liabilities 3,301,264 3,220,869
Deferred revenue 1,779,633 1,775,730
Short-term debt 2,474,796 998,865
Total current liabilities 12,300,860 10,980,930
Non-current content liabilities 1,723,034 1,579,476
Long-term debt 12,657,598 13,463,971
Other non-current liabilities 2,714,209 2,957,128
Total liabilities 29,395,701 28,981,505
Commitments and contingencies (Note 9)
Stockholders’ equity:    
Common stock, $0.001 par value; 49,900,000,000 shares authorized at September 30, 2026 and December 31, 2025; 4,106,325,903 and 4,222,162,150 issued and outstanding at September 30, 2026 and December 31, 2025, respectively 7,898,264 7,286,410
Treasury stock at cost (477,363,677 and 346,541,145 shares at September 30, 2026 and December 31, 2025, respectively) (33,232,809) (22,372,658)
Accumulated other comprehensive loss (9,452) (580,382)
Retained earnings 54,630,250 42,282,118
Total stockholders’ equity 29,286,253 26,615,488
Total liabilities and stockholders’ equity $ 58,681,954 $ 55,596,993