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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Net revenue:    
Total net revenue $ 1,248,879 $ 1,020,672
Cost of revenue:    
Total cost of revenue 683,943 575,627
Gross profit (loss):    
Total gross profit 564,936 445,045
Operating expenses:    
Research and development 189,492 184,579
Sales and marketing 221,221 223,693
General and administrative 102,451 94,503
Total operating expenses 513,164 502,775
Income (loss) from operations 51,772 (57,730)
Other income, net:    
Interest expense (624) (433)
Other income, net 37,497 17,649
Total other income, net 36,873 17,216
Income (loss) before income taxes 88,645 (40,514)
Income tax expense (benefit) 2,945 (13,083)
Net income (loss) $ 85,700 $ (27,431)
Net income (loss) per share—basic (in dollars per share) $ 0.58 $ (0.19)
Net income (loss) per share—diluted (in dollars per share) $ 0.57 $ (0.19)
Weighted-average common shares outstanding —basic (in shares) 147,510 146,197
Weighted-average common shares outstanding - diluted (in shares) 151,024 146,197
Platform    
Net revenue:    
Total net revenue $ 1,131,230 $ 880,817
Cost of revenue:    
Total cost of revenue 547,145 416,506
Gross profit (loss):    
Total gross profit 584,085 464,311
Advertising | Advertising    
Net revenue:    
Total net revenue 612,705 482,823
Cost of revenue:    
Total cost of revenue 241,736 212,424
Gross profit (loss):    
Total gross profit 370,969 270,399
Subscriptions | Subscriptions    
Net revenue:    
Total net revenue 518,525 397,994
Cost of revenue:    
Total cost of revenue 305,409 204,082
Gross profit (loss):    
Total gross profit 213,116 193,912
Device | Devices    
Net revenue:    
Total net revenue 117,649 139,855
Cost of revenue:    
Total cost of revenue 136,798 159,121
Gross profit (loss):    
Total gross profit $ (19,149) $ (19,266)