v3.26.3
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
CASH FLOWS FROM OPERATING ACTIVITIES    
Net (loss) / income $ (401,259) $ 61,515
Adjustments to reconcile net (loss) / income to net cash provided by operating activities:    
Depreciation and amortization 66,906 68,159
Deferred taxes (18,599) 17,696
Non-cash equity-based compensation 33,748 46,471
Goodwill impairment 377,061 0
Loss on impairment of long-term investment 0 5,000
Bad debt expense 675 1,020
Unrealized loss / (gain) on investments, net 17,908 (34,128)
Changes in operating assets and liabilities:    
Accounts receivable 10,871 (29,429)
Prepaid expenses and other current and non-current assets 2,060 10,114
Accounts payable and other current and non-current liabilities (31,455) (18,397)
Contributor royalties payable 64 22,109
Deferred revenue (21,738) (19,657)
Net cash provided by operating activities 36,242 130,473
CASH FLOWS FROM INVESTING ACTIVITIES    
Capital expenditures (31,514) (32,542)
Cash received related to Giphy Retention Compensation 579 1,234
Acquisition of content (627) (6,127)
Security deposit receipt (payment) 487 (3)
Net cash used in investing activities (31,075) (37,438)
CASH FLOWS FROM FINANCING ACTIVITIES    
Cash paid for settlement of employee taxes related to RSU vesting (10,651) (9,104)
Payment of cash dividends (25,999) (34,823)
Repayment of credit facility (31,595) (2,344)
Net cash used in financing activities (68,245) (46,271)
Effect of foreign exchange rate changes on cash (4,694) 7,521
Net (decrease) / increase in cash and cash equivalents (67,772) 54,285
Cash and cash equivalents, beginning of period 178,244 111,251
Cash and cash equivalents, end of period 110,472 165,536
Supplemental Disclosure of Cash Information:    
Cash paid for income taxes 8,285 16,396
Cash paid for interest $ 10,827 $ 12,470