Balance Sheet Components (Tables)

9 Months Ended

Sep. 30, 2025

Balance Sheet Related Disclosures [Abstract]

Schedule of Content Assets

Content assets consisted of the following:

	As of
	September 30, 2025		December 31, 2024
	(in thousands)
Licensed content, net	$	12,182,192	$	12,422,309
Produced content, net
Released, less amortization	9,906,192		10,151,543
In production	9,815,003		9,317,367
In development and pre-production	736,492		561,243
	20,457,687		20,030,153
Content assets, net	$	32,639,879	$	32,452,462

Schedule of Amortization of Content Assets

The following table summarizes the amortization of content assets:

	Three Months Ended				Nine Months Ended
	September 30, 2025		September 30, 2024		September 30, 2025		September 30, 2024
	(in thousands)
Licensed content	$	2,253,603	$	1,814,040	$	6,262,335	$	5,533,648
Produced content	1,749,141		1,885,481		5,395,595		5,606,368
Total	$	4,002,744	$	3,699,521	$	11,657,930	$	11,140,016

Schedule of Property and Equipment and Accumulated Depreciation

Property and equipment and accumulated depreciation consisted of the following:

	As of
	September 30, 2025		December 31, 2024		Estimated Useful Lives
	(in thousands)
Land	$	80,966	$	85,000
Buildings and improvements	508,861		475,684		30 years
Leasehold improvements	1,077,182		1,026,593		Over life of lease
Furniture and fixtures	133,489		134,987		3 years
Information technology	527,117		446,419		3-5 years
Corporate aircraft	99,195		99,175		8-10 years
Machinery and equipment	14,246		15,135		3-5 years
Capital work-in-progress	442,677		228,300
Property and equipment, gross	2,883,733		2,511,293
Less: Accumulated depreciation	(1,045,844)		(917,537)
Property and equipment, net	$	1,837,889	$	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				Nine Months Ended
	September 30, 2025		September 30, 2024		September 30, 2025		September 30, 2024
	(in thousands)
Cash paid for operating lease liabilities	$	108,787	$	128,917	$	356,708	$	384,327
Right-of-use assets obtained in exchange for new operating lease obligations	235,513		51,587		447,040		396,361

	As of
	September 30, 2025		December 31, 2024
	(in thousands)
Operating lease right-of-use assets, net	$	2,296,670	$	2,102,310
Current operating lease liabilities	457,390		428,482
Non-current operating lease liabilities	2,163,128		1,983,688
Total operating lease liabilities	$	2,620,518	$	2,412,170

Schedule of Other Current Assets

Other current assets consisted of the following:

	As of
	September 30, 2025		December 31, 2024
	(in thousands)
Trade receivables	$	1,688,793	$	1,335,304
Prepaid expenses	467,553		431,924
Other	1,482,197		1,749,412
Total other current assets	$	3,638,543	$	3,516,640