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Condensed Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Net Revenue:        
Total net revenue $ 761,373 $ 679,953 $ 2,259,478 $ 1,899,255
Cost of Revenue:        
Total cost of revenue 404,586 316,034 1,182,735 870,299
Gross Profit (Loss):        
Total gross profit 356,787 363,919 1,076,743 1,028,956
Operating Expenses:        
Research and development 207,608 120,307 568,243 335,164
Sales and marketing 209,364 109,700 540,857 292,251
General and administrative 86,804 65,066 248,635 187,805
Total operating expenses 503,776 295,073 1,357,735 815,220
Income (Loss) from Operations (146,989) 68,846 (280,992) 213,736
Other Income (Expense), Net:        
Interest expense (1,157) (743) (3,273) (2,231)
Other income (expense), net 27,914 500 30,152 2,461
Total other income (expense), net 26,757 (243) 26,879 230
Income (Loss) Before Income Taxes (120,232) 68,603 (254,113) 213,966
Income tax expense (benefit) 1,951 (332) 6,697 (4,732)
Net Income (Loss) $ (122,183) $ 68,935 $ (260,810) $ 218,698
Net income (loss) per share — basic (in dollars per share) $ (0.88) $ 0.52 $ (1.90) $ 1.66
Net income (loss) per share — diluted (in dollars per share) $ (0.88) $ 0.48 $ (1.90) $ 1.54
Weighted-average common shares outstanding — basic (in shares) 138,571 133,685 136,997 132,036
Weighted-average common shares outstanding — diluted (in shares) 138,571 142,286 136,997 141,593
Platform | Services        
Net Revenue:        
Total net revenue $ 670,401 $ 582,514 $ 1,990,468 $ 1,581,343
Cost of Revenue:        
Total cost of revenue 296,158 203,989 859,197 545,907
Gross Profit (Loss):        
Total gross profit 374,243 378,525 1,131,271 1,035,436
Player | Goods        
Net Revenue:        
Total net revenue 90,972 97,439 269,010 317,912
Cost of Revenue:        
Total cost of revenue 108,428 112,045 323,538 324,392
Gross Profit (Loss):        
Total gross profit $ (17,456) $ (14,606) $ (54,528) $ (6,480)