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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Net Revenue:        
Total net revenue $ 645,119 $ 356,073 $ 1,219,302 $ 676,839
Cost of Revenue:        
Total cost of revenue 306,853 209,237 554,265 388,902
Gross Profit:        
Total gross profit 338,266 146,836 665,037 287,937
Operating Expenses:        
Research and development 113,276 84,387 214,857 172,665
Sales and marketing 93,678 64,164 182,551 132,412
General and administrative 62,228 40,494 122,739 80,234
Total operating expenses 269,182 189,045 520,147 385,311
Income (Loss) from Operations 69,084 (42,209) 144,890 (97,374)
Other Income (Expense), Net:        
Interest expense (746) (1,034) (1,488) (1,897)
Other income (expense), net 1,520 557 1,961 1,818
Total other income (expense), net 774 (477) 473 (79)
Income (Loss) Before Income Taxes 69,858 (42,686) 145,363 (97,453)
Income tax (benefit) expense (3,609) 462 (4,400) 307
Net Income (Loss) $ 73,467 $ (43,148) $ 149,763 $ (97,760)
Net income (loss) per share — basic $ 0.55 $ (0.35) $ 1.14 $ (0.81)
Net income (loss) per share — diluted $ 0.52 $ (0.35) $ 1.06 $ (0.81)
Weighted-average common shares outstanding — basic 132,705 122,614 131,198 121,397
Weighted-average common shares outstanding — diluted 142,122 122,614 141,234 121,397
Platform | Services        
Net Revenue:        
Total net revenue $ 532,303 $ 244,777 $ 998,829 $ 477,334
Cost of Revenue:        
Total cost of revenue 187,328 106,324 341,918 208,260
Gross Profit:        
Total gross profit 344,975 138,453 656,911 269,074
Player | Goods        
Net Revenue:        
Total net revenue 112,816 111,296 220,473 199,505
Cost of Revenue:        
Total cost of revenue 119,525 102,913 212,347 180,642
Gross Profit:        
Total gross profit $ (6,709) $ 8,383 $ 8,126 $ 18,863