Segment and Geographic Information (Tables)

3 Months Ended

Mar. 31, 2025

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 three months ended March 31, 2025 and 2024:

	Three Months Ended
	March 31, 2025			March 31, 2024
	(in thousands)
Revenues	$	10,542,801		$	9,370,440
Less:
Content amortization	3,823,112			3,670,805
Other cost of revenues	1,440,035			1,306,268
Sales and marketing	688,370			654,340
Technology and development	822,823			702,473
General and administrative	421,462			404,020
Operating income	3,346,999			2,632,534
Operating margin	31.7		%	28.1		%
Other income (expense)
Interest expense	(184,172)			(173,314)
Interest and other income (expense)(1)	50,899			155,359
Income before income taxes	3,213,726			2,614,579
Provision for income taxes	(323,375)			(282,370)
Net income	$	2,890,351		$	2,332,209

(1) Includes interest income of $82 million and $67 million for the three months ended March 31, 2025 and 2024, 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 as of March 31, 2025 and December 31, 2024, were located as follows:

	As of
	March 31, 2025		December 31, 2024
	(in thousands)
United States	$	2,783,723	$	2,769,828
International	955,870		926,238