Balance Sheet Components (Tables)

9 Months Ended

Sep. 30, 2024

Balance Sheet Related Disclosures [Abstract]

Schedule off Content Assets

Content assets consisted of the following:

	As of
	September 30, 2024		December 31, 2023
	(in thousands)
Licensed content, net	$	12,307,674	$	12,722,701
Produced content, net
Released, less amortization	10,025,304		9,843,150
In production	9,197,715		8,247,578
In development and pre-production	644,689		844,627
	19,867,708		18,935,355
Content assets, net	$	32,175,382	$	31,658,056

Schedule of Amortization of Streaming Content Assets

The following table represents the amortization of content assets:

	Three Months Ended				Nine Months Ended
	September 30, 2024		September 30, 2023		September 30, 2024		September 30, 2023
	(in thousands)
Licensed content	$	1,814,040	$	1,777,701	$	5,533,648	$	5,280,700
Produced content	1,885,481		1,795,652		5,606,368		5,162,658
Total	$	3,699,521	$	3,573,353	$	11,140,016	$	10,443,358

Schedule of Property and Equipment, Net

Property and equipment and accumulated depreciation consisted of the following:

	As of
	September 30, 2024		December 31, 2023		Estimated Useful Lives
	(in thousands)
Land	$	85,000	$	85,000
Buildings and improvements	471,620		154,165		30 years
Leasehold improvements	1,049,510		1,032,492		Over life of lease
Furniture and fixtures	137,468		144,737		3 years
Information technology	432,078		414,092		3 years
Corporate aircraft	99,175		99,175		8-10 years
Machinery and equipment	13,035		10,334		3-5 years
Capital work-in-progress	202,652		406,492
Property and equipment, gross	2,490,538		2,346,487
Less: Accumulated depreciation	(922,326)		(855,043)
Property and equipment, net	$	1,568,212	$	1,491,444

Schedule of Information on Right-of-Use Assets and Lease Liabilities

Information related to the Company's operating right-of-use assets and related operating lease liabilities were as follows:

	Three Months Ended				Nine Months Ended
	September 30, 2024		September 30, 2023		September 30, 2024		September 30, 2023
	(in thousands)
Cash paid for operating lease liabilities	$	128,917	$	110,959	$	384,327	$	339,126
Right-of-use assets obtained in exchange for new operating lease obligations	51,587		49,238		396,361		161,704

	As of
	September 30, 2024		December 31, 2023
	(in thousands)
Operating lease right-of-use assets, net	$	2,214,458	$	2,076,899
Current operating lease liabilities	432,661		383,312
Non-current operating lease liabilities	2,094,659		2,046,801
Total operating lease liabilities	$	2,527,320	$	2,430,113

Schedule of Other Current Assets

Other current assets consisted of the following:

	As of
	September 30, 2024		December 31, 2023
	(in thousands)
Trade receivables	$	1,217,659	$	1,287,054
Prepaid expenses	435,730		408,936
Other	1,251,783		1,084,257
Total other current assets	$	2,905,172	$	2,780,247