Balance Sheet Components (Tables)

3 Months Ended

Mar. 31, 2025

Balance Sheet Related Disclosures [Abstract]

Schedule off Content Assets

Content assets consisted of the following:

	As of
	March 31, 2025		December 31, 2024
	(in thousands)
Licensed content, net	$	12,393,120	$	12,422,309
Produced content, net
Released, less amortization	10,366,702		10,151,543
In production	8,652,278		9,317,367
In development and pre-production	628,739		561,243
	19,647,719		20,030,153
Content assets, net	$	32,040,839	$	32,452,462

Schedule of Amortization of Streaming Content Assets

The following table summarizes the amortization of content assets:

	Three Months Ended
	March 31, 2025		March 31, 2024
	(in thousands)
Licensed content	$	1,998,525	$	1,835,117
Produced content	1,824,587		1,835,688
Total	$	3,823,112	$	3,670,805

Schedule of Property and Equipment, Net

Property and equipment and accumulated depreciation consisted of the following:

	As of
	March 31, 2025		December 31, 2024		Estimated Useful Lives
	(in thousands)
Land	$	85,000	$	85,000
Buildings and improvements	506,775		475,684		30 years
Leasehold improvements	1,048,174		1,026,593		Over life of lease
Furniture and fixtures	137,188		134,987		3 years
Information technology	475,503		446,419		3 years
Corporate aircraft	99,175		99,175		8-10 years
Machinery and equipment	15,016		15,135		3-5 years
Capital work-in-progress	253,720		228,300
Property and equipment, gross	2,620,551		2,511,293
Less: Accumulated depreciation	(976,205)		(917,537)
Property and equipment, net	$	1,644,346	$	1,593,756

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
	March 31, 2025		March 31, 2024
	(in thousands)
Cash paid for operating lease liabilities	$	118,347	$	125,306
Right-of-use assets obtained in exchange for new operating lease obligations	72,993		183,962

	As of
	March 31, 2025		December 31, 2024
	(in thousands)
Operating lease right-of-use assets, net	$	2,095,247	$	2,102,310
Current operating lease liabilities	437,268		428,482
Non-current operating lease liabilities	1,969,301		1,983,688
Total operating lease liabilities	$	2,406,569	$	2,412,170

Schedule of Other Current Assets

Other current assets consisted of the following:

	As of
	March 31, 2025		December 31, 2024
	(in thousands)
Trade receivables	$	1,447,986	$	1,335,304
Prepaid expenses	484,369		431,924
Other	1,394,287		1,749,412
Total other current assets	$	3,326,642	$	3,516,640