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Balance Sheet Components (Tables)
 12 Months Ended
Dec. 31, 2024
Balance Sheet Related Disclosures [Abstract]  
Schedule off Content Assets
Content assets consisted of the following:
As of December 31,
20242023
(in thousands)
Licensed content, net
$12,422,309 $12,722,701 
Produced content, net
Released, less amortization
10,151,543 9,843,150 
In production
9,317,367 8,247,578 
In development and pre-production
561,243 844,627 
20,030,153 18,935,355 

Content assets, net$32,452,462 $31,658,056 
Schedule of Amortization of Streaming Content Assets
The following table summarizes the amortization of content assets:
Year Ended December 31,
 202420232022
(in thousands)
Licensed content$7,689,014 $7,145,446 $7,681,978 
Produced content (1)7,612,503 7,051,991 6,344,154 
Total$15,301,517 $14,197,437 $14,026,132 
(1) Tax incentives earned on qualified production spend generally reduce the cost-basis of content assets and result in lower content amortization over the life of the title. For the years ended December 31, 2024, 2023 and 2022, tax incentives resulted in lower content amortization on produced content of approximately $899 million, $835 million and $719 million, respectively.
Schedule of Property and Equipment, Net
Property and equipment and accumulated depreciation consisted of the following:
As of December 31,Estimated Useful Lives (in Years)
20242023
(in thousands)
Land$85,000 $85,000 
Buildings and improvements475,684 154,165 30 years
Leasehold improvements1,026,593 1,032,492 Over life of lease
Furniture and fixtures134,987 144,737 3 years
Information technology446,419 414,092 3 years
Corporate aircraft99,175 99,175 
8-10 years
Machinery and equipment15,135 10,334 
3-5 years
Capital work-in-progress228,300 406,492 
Property and equipment, gross2,511,293 2,346,487 
Less: Accumulated depreciation(917,537)(855,043)
Property and equipment, net$1,593,756 $1,491,444 
Schedule of Information on Right-of-Use Assets and Lease Liabilities
The components of lease costs for the years ended December 31, 2024, 2023 and 2022 were as follows:
Year ended December 31,
 202420232022
(in thousands)
Operating lease cost$468,282 $430,856 $413,664 
Short-term lease cost197,691 207,822 194,764 
Total lease cost$665,973 $638,678 $608,428 

Information related to the Company's operating right-of-use assets and related operating lease liabilities were as follows:
Year ended December 31,
202420232022
(in thousands)
Cash paid for operating lease liabilities$509,296 $451,525 $413,034 
Right-of-use assets obtained in exchange for new operating lease obligations442,391 196,639 252,393 
As of December 31,
20242023
(in thousands, except lease term and discount rate)
Operating lease right-of-use assets, net$2,102,310 $2,076,899 
Current operating lease liabilities$428,482 $383,312 
Non-current operating lease liabilities1,983,688 2,046,801 
Total operating lease liabilities$2,412,170 $2,430,113 
Weighted-average remaining lease term6.9 years7.5 years
Weighted-average discount rate3.5 %3.3 %
Schedule of Maturities of Lease Liabilities
Maturities of operating lease liabilities as of December 31, 2024 were as follows (in thousands):
Due in 12 month period ended December 31,
2025$505,201 
2026477,256 
2027415,983 
2028345,912 
2029276,109 
Thereafter696,367 
2,716,828 
Less imputed interest(304,658)
Total operating lease liabilities$2,412,170 
Schedule of Other Current Assets
Other current assets consisted of the following:
As of
December 31,
2024		December 31,
2023
(in thousands)
Trade receivables
$1,335,304 $1,287,054 
Prepaid expenses
431,924 408,936 
Other (1)
1,749,412 1,084,257 
Total other current assets
$3,516,640 $2,780,247 
(1) $653 million and $555 million of receivables related to tax incentives earned on production spend are included in Other as of December 31, 2024 and 2023, respectively