CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
Net revenue:
Total net revenue	$ 1,354,690	$ 1,111,038	$ 2,603,569	$ 2,131,710
Cost of revenue:
Total cost of revenue	680,994	613,380	1,364,937	1,189,007
Gross profit (loss):
Total gross profit	673,696	497,658	1,238,632	942,703
Operating expenses:
Research and development	179,680	178,017	369,172	362,596
Sales and marketing	223,223	243,256	444,444	466,949
General and administrative	124,618	99,718	227,069	194,221
Total operating expenses	527,521	520,991	1,040,685	1,023,766
Income (loss) from operations	146,175	(23,333)	197,947	(81,063)
Other income, net:
Interest expense	(475)	(460)	(1,099)	(893)
Other income, net	23,691	28,466	61,188	46,115
Total other income, net	23,216	28,006	60,089	45,222
Income (loss) before income taxes	169,391	4,673	258,036	(35,841)
Income tax expense (benefit)	5,175	(5,830)	8,120	(18,913)
Net income (loss)	$ 164,216	$ 10,503	$ 249,916	$ (16,928)
Net income (loss) per share—basic (in dollars per share)	$ 1.11	$ 0.07	$ 1.69	$ (0.12)
Net income (loss) per share—diluted (in dollars per share)	$ 1.08	$ 0.07	$ 1.65	$ (0.12)
Weighted-average common shares outstanding —basic (in shares)	147,972	146,888	147,742	146,545
Weighted-average common shares outstanding - diluted (in shares)	151,895	149,675	151,461	146,545
Platform
Net revenue:
Total net revenue	$ 1,220,969	$ 975,471	$ 2,352,199	$ 1,856,288
Cost of revenue:
Total cost of revenue	574,217	477,795	1,121,362	894,301
Gross profit (loss):
Total gross profit	646,752	497,676	1,230,837	961,987
Advertising
Net revenue:
Total net revenue	672,816	539,053	1,285,521	1,021,876
Cost of revenue:
Total cost of revenue	252,778	237,405	494,514	449,829
Gross profit (loss):
Total gross profit	420,038	301,648	791,007	572,047
Subscriptions
Net revenue:
Total net revenue	548,153	436,418	1,066,678	834,412
Cost of revenue:
Total cost of revenue	321,439	240,390	626,848	444,472
Gross profit (loss):
Total gross profit	226,714	196,028	439,830	389,940
Devices
Net revenue:
Total net revenue	133,721	135,567	251,370	275,422
Cost of revenue:
Total cost of revenue	106,777	135,585	243,575	294,706
Gross profit (loss):
Total gross profit	$ 26,944	$ (18)	$ 7,795	$ (19,284)

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025
Cash flows from operating activities:
Net income (loss)	$ 249,916	$ (16,928)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Depreciation and amortization	32,033	32,073
Stock-based compensation expense	154,003	180,134
Amortization of right-of-use assets	24,674	23,836
Amortization and write-off of content assets	100,536	101,003
Foreign currency remeasurement (gains) losses	1,017	(112)
Change in fair value of strategic investment in convertible promissory notes	0	3,100
Impairment of assets	4,920	2,870
Provision for credit losses	2,530	1,414
Other items, net	(11,927)	849
Changes in operating assets and liabilities:
Accounts receivable	100,221	189,024
Inventories	(1,782)	45,576
Prepaid expenses and other current assets	(60,238)	(21,115)
Content assets and liabilities, net	(97,701)	(91,361)
Other non-current assets	(7,028)	5,864
Accounts payable	9,335	(114,583)
Accrued liabilities	35,511	(48,955)
Operating lease liabilities	(55,361)	(38,523)
Other long-term liabilities	3,781	(6,797)
Deferred revenue	(656)	1,096
Net cash provided by operating activities	483,784	248,465
Cash flows from investing activities:
Purchases of property and equipment	(6,904)	(3,053)
Purchase of business, net of cash acquired	0	(95,090)
Sale (Purchase) of strategic investment	18,399
Sale (Purchase) of strategic investment		(7,000)
Purchases of short-term investments	(425,000)	0
Sales and maturities of short-term investments	600,000	0
Repayments of convertible promissory notes	0	10,000
Net cash provided by (used in) investing activities	186,495	(95,143)
Cash flows from financing activities:
Proceeds from equity issued under incentive plans	36,586	2,946
Taxes paid related to net share settlement of equity awards	(110,833)	(71,508)
Repurchases of common stock	(162,702)	0
Payment of contingent consideration	(15,210)	0
Other	(236)	0
Net cash used in financing activities	(252,395)	(68,562)
Net increase in cash and cash equivalents	417,884	84,760
Effect of exchange rate changes on cash and cash equivalents	(3,137)	7,877
Cash and cash equivalents — beginning of period	1,587,068	2,160,639
Cash and cash equivalents — end of period	2,001,815	2,253,276
Supplemental disclosures of cash flow information:
Cash paid for interest	869	347
Cash paid for (refunded from) income taxes, net	(2,426)	10,123
Supplemental disclosures of non-cash investing and financing activities:
Non-cash contingent consideration for business combination	0	65,815
Unpaid portion of property and equipment purchases	$ 204	$ 368

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Jun. 30, 2026	Dec. 31, 2025
Current assets:
Cash and cash equivalents	$ 2,001,815	$ 1,587,068
Short-term investments	555,387	730,213
Accounts receivable, net of allowances of $51,129 and $80,448 as of June 30, 2026 and December 31, 2025, respectively	776,603	879,871
Inventories	116,424	114,642
Prepaid expenses and other current assets	156,120	89,716
Total current assets	3,606,349	3,401,510
Property and equipment, net	155,052	173,577
Operating lease right-of-use assets	237,518	260,341
Content assets, net	151,620	167,908
Intangible assets, net	42,472	50,207
Goodwill	309,406	309,406
Other non-current assets	70,129	70,534
Total Assets	4,572,546	4,433,483
Current liabilities:
Accounts payable	167,197	158,640
Accrued liabilities	967,334	957,983
Deferred revenue, current portion	123,704	120,912
Total current liabilities	1,258,235	1,237,535
Deferred revenue, non-current portion	25,400	28,848
Operating lease liability, non-current portion	386,410	435,899
Other long-term liabilities	79,049	73,256
Total Liabilities	1,749,094	1,775,538
Commitments and contingencies (Note 13)
Stockholders’ Equity:
Common stock, $0.0001 par value	15	15
Additional paid-in capital	4,225,241	4,145,485
Accumulated other comprehensive income (loss)	(424)	1,039
Accumulated deficit	(1,401,380)	(1,488,594)
Total stockholders’ equity	2,823,452	2,657,945
Total Liabilities and Stockholders’ Equity	$ 4,572,546	$ 4,433,483