CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Mar. 31, 2026	Dec. 31, 2025
Current assets:
Cash and cash equivalents	$ 1,649,877	$ 1,587,068
Short-term investments	730,342	730,213
Accounts receivable, net of allowances of $57,152 and $80,448 as of March 31, 2026 and December 31, 2025, respectively	752,586	879,871
Inventories	101,289	114,642
Prepaid expenses and other current assets	136,532	89,716
Total current assets	3,370,626	3,401,510
Property and equipment, net	162,257	173,577
Operating lease right-of-use assets	243,701	260,341
Content assets, net	161,904	167,908
Intangible assets, net	46,202	50,207
Goodwill	309,406	309,406
Other non-current assets	58,538	70,534
Total Assets	4,352,634	4,433,483
Current liabilities:
Accounts payable	123,093	158,640
Accrued liabilities	911,199	957,983
Deferred revenue, current portion	123,938	120,912
Total current liabilities	1,158,230	1,237,535
Deferred revenue, non-current portion	27,057	28,848
Operating lease liability, non-current portion	412,705	435,899
Other long-term liabilities	83,578	73,256
Total Liabilities	1,681,570	1,775,538
Commitments and contingencies (Note 13)
Stockholders’ Equity:
Common stock, $0.0001 par value	15	15
Additional paid-in capital	4,174,436	4,145,485
Accumulated other comprehensive income (loss)	(493)	1,039
Accumulated deficit	(1,502,894)	(1,488,594)
Total stockholders’ equity	2,671,064	2,657,945
Total Liabilities and Stockholders’ Equity	$ 4,352,634	$ 4,433,483