XML 23 R4.htm IDEA: XBRL DOCUMENT v3.23.2
CONDENSED CONSOLIDATED STATEMENT OF INCOME - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Income Statement [Abstract]        
Net revenues $ 2,540 $ 2,422 $ 5,050 $ 4,905
Cost of net revenues 718 663 1,418 1,352
Gross profit 1,822 1,759 3,632 3,553
Operating expenses:        
Sales and marketing 566 566 1,077 1,044
Product development 392 344 744 645
General and administrative 251 237 548 463
Provision for transaction losses 90 86 174 182
Amortization of acquired intangible assets 5 1 13 2
Total operating expenses 1,304 1,234 2,556 2,336
Income from operations 518 525 1,076 1,217
Gain (loss) on equity investments and warrant, net (214) (1,221) (16) (3,512)
Interest and other, net (19) (31) (45) (81)
Income (loss) from continuing operations before income taxes 285 (727) 1,015 (2,376)
Income tax benefit (provision) (113) 191 (274) 501
Income (loss) from continuing operations 172 (536) 741 (1,875)
Income (loss) from discontinued operations, net of income taxes (1) 5 (3) 3
Net income (loss) $ 171 $ (531) $ 738 $ (1,872)
Income (loss) per share - basic:        
Continuing operations (in usd per share) $ 0.32 $ (0.96) $ 1.38 $ (3.28)
Discontinued operations (in usd per share) 0 0.01 (0.01) 0.01
Net income (loss) per share - basic (in usd per share) 0.32 (0.95) 1.37 (3.27)
Income (loss) per share - diluted:        
Continuing operations (in usd per share) 0.32 (0.96) 1.37 (3.28)
Discontinued operations (in usd per share) 0 0.01 (0.01) 0.01
Net income (loss) per share - diluted (in usd per share) $ 0.32 $ (0.95) $ 1.36 $ (3.27)
Weighted-average shares:        
Basic (in shares) 534 556 536 571
Diluted (in shares) 537 556 539 571