Balance Sheet Components (Tables)

6 Months Ended

Jun. 30, 2025

Balance Sheet Related Disclosures [Abstract]

Schedule off Content Assets

Content assets consisted of the following:

	As of
	June 30, 2025		December 31, 2024
	(in thousands)
Licensed content, net	$	12,273,051	$	12,422,309
Produced content, net
Released, less amortization	10,090,174		10,151,543
In production	8,930,196		9,317,367
In development and pre-production	795,973		561,243
	19,816,343		20,030,153
Content assets, net	$	32,089,394	$	32,452,462

Schedule of Amortization of Streaming Content Assets

The following table summarizes the amortization of content assets:

	Three Months Ended				Six Months Ended
	June 30, 2025		June 30, 2024		June 30, 2025		June 30, 2024
	(in thousands)
Licensed content	$	2,010,207	$	1,884,491	$	4,008,732	$	3,719,608
Produced content	1,821,867		1,885,199		3,646,454		3,720,887
Total	$	3,832,074	$	3,769,690	$	7,655,186	$	7,440,495

Schedule of Property and Equipment, Net

Property and equipment and accumulated depreciation consisted of the following:

	As of
	June 30, 2025		December 31, 2024		Estimated Useful Lives
	(in thousands)
Land	$	85,000	$	85,000
Buildings and improvements	508,284		475,684		30 years
Leasehold improvements	1,080,760		1,026,593		Over life of lease
Furniture and fixtures	139,613		134,987		3 years
Information technology	519,162		446,419		3-5 years
Corporate aircraft	99,195		99,175		8-10 years
Machinery and equipment	15,592		15,135		3-5 years
Capital work-in-progress	334,277		228,300
Property and equipment, gross	2,781,883		2,511,293
Less: Accumulated depreciation	(1,038,317)		(917,537)
Property and equipment, net	$	1,743,566	$	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				Six Months Ended
	June 30, 2025		June 30, 2024		June 30, 2025		June 30, 2024
	(in thousands)
Cash paid for operating lease liabilities	$	129,574	$	130,104	$	247,921	$	255,410
Right-of-use assets obtained in exchange for new operating lease obligations	138,534		160,812		211,527		344,774

	As of
	June 30, 2025		December 31, 2024
	(in thousands)
Operating lease right-of-use assets, net	$	2,175,343	$	2,102,310
Current operating lease liabilities	453,940		428,482
Non-current operating lease liabilities	2,026,821		1,983,688
Total operating lease liabilities	$	2,480,761	$	2,412,170

Schedule of Other Current Assets

Other current assets consisted of the following:

	As of
	June 30, 2025		December 31, 2024
	(in thousands)
Trade receivables	$	1,579,859	$	1,335,304
Prepaid expenses	451,050		431,924
Other	1,571,677		1,749,412
Total other current assets	$	3,602,586	$	3,516,640