Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2025	Dec. 31, 2024
Current assets:
Cash and cash equivalents	$ 7,199,848	$ 7,804,733
Short-term investments	1,171,142	1,779,006
Other current assets	3,326,642	3,516,640
Total current assets	11,697,632	13,100,379
Content assets, net	32,040,839	32,452,462
Property and equipment, net	1,644,346	1,593,756
Other non-current assets	6,704,827	6,483,777
Total assets	52,087,644	53,630,374
Current liabilities:
Current content liabilities	4,128,905	4,393,681
Accounts payable	614,489	899,909
Accrued expenses and other liabilities	2,359,518	2,156,544
Deferred revenue	1,609,726	1,520,813
Short-term debt	1,005,881	1,784,453
Total current liabilities	9,718,519	10,755,400
Non-current content liabilities	1,696,662	1,780,806
Long-term debt	14,011,037	13,798,351
Other non-current liabilities	2,633,353	2,552,250
Total liabilities	28,059,571	28,886,807
Commitments and contingencies (Note 8)
Stockholders’ equity:
Common stock, $0.001 par value; 4,990,000,000 shares authorized at March 31, 2025 and December 31, 2024; 425,683,210 and 427,757,100 issued and outstanding at March 31, 2025 and December 31, 2024, respectively	6,677,469	6,252,126
Treasury stock at cost (29,698,337 and 25,953,460 shares at March 31, 2025 and December 31, 2024, respectively)	(16,754,929)	(13,171,638)
Accumulated other comprehensive income (loss)	(85,735)	362,162
Retained earnings	34,191,268	31,300,917
Total stockholders’ equity	24,028,073	24,743,567
Total liabilities and stockholders’ equity	$ 52,087,644	$ 53,630,374