Segment and Geographic Information (Tables)

12 Months Ended

Dec. 31, 2024

Segment Reporting [Abstract]

Schedule of Segment Reporting Financial Information, by Segment

The following table presents selected financial information with respect to the Company’s single operating segment for the years ended December 31, 2024, 2023 and 2022:

	Year Ended December 31,
	2024			2023			2022
	(in thousands)
Revenues	$	39,000,966		$	33,723,297		$	31,615,550
Less:
Content amortization	15,301,517			14,197,437			14,026,132
Other cost of revenues	5,736,947			5,517,931			5,142,153
Sales and marketing	2,917,554			2,657,883			2,530,502
Technology and development	2,925,295			2,675,758			2,711,041
General and administrative	1,702,039			1,720,285			1,572,891
Operating income	10,417,614			6,954,003			5,632,831
Operating margin	27		%	21		%	18		%
Other income (expense)
Interest expense	(718,733)			(699,826)			(706,212)
Interest and other income (expense) (1)	266,776			(48,772)			337,310
Income before income taxes	9,965,657			6,205,405			5,263,929
Provision for income taxes	(1,254,026)			(797,415)			(772,005)
Net income	$	8,711,631		$	5,407,990		$	4,491,924

(1) Includes interest income of $294 million, $281 million and $60 million for the years ended December 31, 2024, 2023 and 2022, respectively.

Schedule of Long-lived Assets by Geographic Areas

The Company's long-lived tangible assets, as well as the Company's operating lease right-of-use assets recognized on the Consolidated Balance Sheets were located as follows:

	As of December 31,
	2024		2023
	(in thousands)
United States	$	2,769,828	$	2,724,710
International	926,238		843,633