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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
shares in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Revenue:        
Revenue $ 5,534,957,000 $ 4,404,499,000 $ 10,525,088,000 $ 8,365,144,000
Cost of revenue:        
Amortization of acquired technology assets 18,392,000 17,899,000 36,900,000 33,368,000
Total cost of revenue 3,668,856,000 2,934,851,000 6,944,403,000 5,600,536,000
Gross profit 1,866,101,000 1,469,648,000 3,580,685,000 2,764,608,000
Operating expenses:        
Product development 694,672,000 524,827,000 1,321,609,000 983,051,000
Sales and marketing 537,607,000 530,827,000 1,033,618,000 1,032,389,000
General and administrative 549,293,000 395,720,000 982,118,000 839,869,000
Transaction, loan, and consumer receivable losses 179,771,000 156,697,000 307,667,000 247,847,000
Bitcoin impairment losses 0 35,961,000 0 35,961,000
Amortization of customer and other acquired intangible assets 36,865,000 39,389,000 73,952,000 66,053,000
Total operating expenses 1,998,208,000 1,683,421,000 3,718,964,000 3,205,170,000
Operating loss (132,107,000) (213,773,000) (138,279,000) (440,562,000)
Interest expense (income), net (3,944,000) 12,966,000 (7,105,000) 28,714,000
Other expense (income), net 1,379,000 (18,766,000) 19,750,000 (52,238,000)
Loss before income tax (129,542,000) (207,973,000) (150,924,000) (417,038,000)
Provision (benefit) for income taxes (3,700,000) 1,304,000 (5,756,000) (398,000)
Net loss (125,842,000) (209,277,000) (145,168,000) (416,640,000)
Less: Net loss attributable to noncontrolling interests (3,336,000) (1,263,000) (5,824,000) (4,427,000)
Net loss attributable to common stockholders $ (122,506,000) $ (208,014,000) $ (139,344,000) $ (412,213,000)
Net loss per share attributable to common stockholders:        
Basic (in USD per share) $ (0.20) $ (0.36) $ (0.23) $ (0.73)
Diluted (in USD per share) $ (0.20) $ (0.36) $ (0.23) $ (0.73)
Weighted-average shares used to compute net loss per share attributable to common stockholders:        
Basic (in shares) 606,692 581,350 604,476 561,501
Diluted (in shares) 606,692 581,350 604,476 561,501
Transaction-based revenue        
Revenue:        
Revenue $ 1,637,654,000 $ 1,475,707,000 $ 3,060,359,000 $ 2,708,676,000
Cost of revenue:        
Cost of revenue 950,523,000 875,762,000 1,771,310,000 1,591,998,000
Subscription and services-based revenue        
Revenue:        
Revenue 1,461,497,000 1,094,856,000 2,827,721,000 2,054,413,000
Cost of revenue:        
Cost of revenue 279,223,000 213,271,000 543,315,000 396,128,000
Hardware revenue        
Revenue:        
Revenue 44,922,000 48,051,000 82,373,000 85,377,000
Cost of revenue:        
Cost of revenue 74,085,000 83,494,000 132,870,000 147,158,000
Bitcoin revenue        
Revenue:        
Revenue 2,390,884,000 1,785,885,000 4,554,635,000 3,516,678,000
Cost of revenue:        
Cost of revenue $ 2,346,633,000 $ 1,744,425,000 $ 4,460,008,000 $ 3,431,884,000