v3.26.3
CONDENSED CONSOLIDATED STATEMENTS OF SHAREHOLDERS’ EQUITY - USD ($)
shares in Thousands, $ in Millions
Total
Class A Common Stock, Class B Common Stock and Class C Capital Stock
Additional Paid-In Capital
Accumulated Deficit
Accumulated Other Comprehensive Income (Loss)
Beginning balance (in shares) at Dec. 31, 2024   242,489      
Beginning balance at Dec. 31, 2024 $ 4,848 $ 0 $ 6,733 $ (1,882) $ (3)
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Issuance of Class C capital stock upon exercise of stock options (in shares)   4,193      
Issuance of Class C capital stock upon exercise of stock options 176   176    
Vesting of restricted stock units (in shares)   4,551      
Share-based compensation expense 343   343    
Unwind of capped call transactions (in shares)   (3,097)      
Settlement Of Capped Call Transactions, Value 38   38    
Settlement of convertible senior notes (in shares)   1      
Stock Issued During Period, Value, Conversion of Convertible Securities 0   0    
Repurchases of Class A common stock and Class C capital stock (in shares)   (6,102)      
Repurchases of Class A common stock and Class C capital stock (438)   (438)    
Net income (loss) 20     20  
Other Comprehensive Income (Loss) 5       5
Ending balance (in shares) at Sep. 30, 2025   242,035      
Ending balance at Sep. 30, 2025 4,992 $ 0 6,852 (1,862) 2
Beginning balance (in shares) at Jun. 30, 2025   241,132      
Beginning balance at Jun. 30, 2025 4,746 $ 0 6,617 (1,872) 1
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Issuance of Class C capital stock upon exercise of stock options (in shares)   2,873      
Issuance of Class C capital stock upon exercise of stock options 121   121    
Vesting of restricted stock units (in shares)   1,584      
Share-based compensation expense 114   114    
Unwind of capped call transactions (in shares)   (3,097)      
Settlement Of Capped Call Transactions, Value 38   38    
Repurchases of Class A common stock and Class C capital stock (in shares)   (457)      
Repurchases of Class A common stock and Class C capital stock (38)   (38)    
Net income (loss) 10     10  
Other Comprehensive Income (Loss) 1       1
Ending balance (in shares) at Sep. 30, 2025   242,035      
Ending balance at Sep. 30, 2025 4,992 $ 0 6,852 (1,862) 2
Beginning balance (in shares) at Dec. 31, 2025   240,446      
Beginning balance at Dec. 31, 2025 $ 4,884 $ 0 6,741 (1,859) 2
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Issuance of Class C capital stock upon exercise of stock options (in shares) 811 811      
Issuance of Class C capital stock upon exercise of stock options $ 24   24    
Vesting of restricted stock units (in shares)   4,000      
Share-based compensation expense 295   295    
Repurchases of Class A common stock and Class C capital stock (in shares)   (19,652)      
Repurchases of Class A common stock and Class C capital stock (854)   (854)    
Net income (loss) (116)     (116)  
Other Comprehensive Income (Loss) (4)       (4)
Ending balance (in shares) at Sep. 30, 2026   225,605      
Ending balance at Sep. 30, 2026 4,229 $ 0 6,206 (1,975) (2)
Beginning balance (in shares) at Jun. 30, 2026   224,869      
Beginning balance at Jun. 30, 2026 4,308 $ 0 6,126 (1,817) (1)
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Issuance of Class C capital stock upon exercise of stock options (in shares)   26      
Issuance of Class C capital stock upon exercise of stock options 1   1    
Vesting of restricted stock units (in shares)   1,253      
Share-based compensation expense 99   99    
Repurchases of Class A common stock and Class C capital stock (in shares)   (543)      
Repurchases of Class A common stock and Class C capital stock (20)   (20)    
Net income (loss) (158)     (158)  
Other Comprehensive Income (Loss) (1)       (1)
Ending balance (in shares) at Sep. 30, 2026   225,605      
Ending balance at Sep. 30, 2026 $ 4,229 $ 0 $ 6,206 $ (1,975) $ (2)