v3.25.4
Segments and Geographic Information (Tables)
 12 Months Ended
Dec. 31, 2025
Segment Reporting [Abstract]  
Schedule of Segment Reporting Information, by Segment
The following table presents the significant segment expenses and other segment items regularly reviewed by our CODM:
Year Ended December 31,
202520242023
(in thousands)
Revenue$5,931,447 $5,361,398 $4,606,115 
Less:
Infrastructure costs1,584,147 1,441,134 1,171,993 
Content and developer partner costs621,442 634,977 621,971 
Advertising partner and other costs450,508 384,804 297,262 
Operating expenses2,585,871 2,391,878 2,353,312 
Stock-based compensation and related payroll and other tax expense1,058,013 1,069,389 1,359,107 
Depreciation and amortization163,633 154,459 159,999 
Other segment items (1)
(71,678)(17,387)(35,044)
Net loss$(460,489)$(697,856)$(1,322,485)
(1)Other segment items primarily include interest income; interest expense; other income (expense), net; and income tax benefit (expense) as reported in our consolidated statements of operations. Other segment items also include restructuring charges of $72.1 million and $40.8 million for the years ended December 31, 2024 and 2023, respectively.
Long-Lived Assets by Geographic Areas
The following table represents our long-lived assets, which includes property and equipment, net and operating lease right-of-use assets, by geography:
As of December 31,
20252024
(in thousands)
United States$710,984 $682,173 
United Kingdom245,911 248,243 
Rest of world (1)
127,396 89,113 
Total long-lived assets, net$1,084,291 $1,019,529 
(1)No individual country other than the United States and the United Kingdom exceeded 10% of our total long-lived assets for any period presented.