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Basis of Presentation (Tables)
6 Months Ended
Jun. 30, 2025
Accounting Policies [Abstract]  
Summary of Reclassification Adjustments Made Between Operating Expenses

The following table below shows the reclassification adjustments made amongst costs and expenses on our unaudited condensed consolidated statement of operations for the periods presented below.

 

 

Three Months Ended

 

 

Six Months Ended

 

 

 

As Reported June 30, 2024

 

 

Adjustments

 

 

As Adjusted June 30, 2024

 

 

As Reported June 30, 2024

 

 

Adjustments

 

 

As Adjusted June 30, 2024

 

 

 

(in millions)

 

 

(in millions)

 

Costs and expenses:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

      Cost of sales (formerly Cost of revenue)

 

$

46

 

 

$

(6

)

1

$

40

 

 

$

81

 

 

$

(17

)

1

$

64

 

      Marketing (formerly Selling and marketing)

 

 

263

 

 

 

(59

)

2

 

204

 

 

 

484

 

 

 

(118

)

2

 

366

 

      Personnel (including stock-based compensation of $34 and $61)

 

 

 

 

 

153

 

3

 

153

 

 

 

 

 

 

303

 

3

 

303

 

      Technology (formerly Technology and content)

 

 

75

 

 

 

(53

)

4

 

22

 

 

 

151

 

 

 

(107

)

4

 

44

 

      General and administrative

 

 

56

 

 

 

(35

)

5

 

21

 

 

 

112

 

 

 

(62

)

5

 

50

 

      Depreciation and amortization

 

 

21

 

 

 

 

 

 

21

 

 

 

42

 

 

 

 

 

 

42

 

      Restructuring and other related reorganization costs

 

 

 

 

 

 

 

 

 

 

 

 

 

 

1

 

6

 

1

 

Total costs and expenses

 

$

461

 

 

$

 

 

$

461

 

 

$

870

 

 

$

 

 

$

870

 

(1)
Primarily related to the reclass of people costs to Personnel, and data center costs, and to a lesser extent, licensing costs to Technology; partially offset by the reclass of digital service taxes ("DST") and bad debt expense from General and administrative to Costs of sales.
(2)
Primarily related to the reclass of people costs to Personnel, and to a lesser extent, licensing costs to Technology and real estate and office expenses to General and administrative.
(3)
Related to the reclass of people costs, including stock-based compensation expense, from all legacy operating expense captions to Personnel.
(4)
Primarily related to the reclass of people costs to Personnel, and to a lesser extent, the reclass of real estate and office expenses to General and administrative; partially offset by the reclass of data center and licensing costs from all legacy operating expense captions to Technology.
(5)
Primarily related to the reclass of people costs to Personnel, and to a lesser extent, the reclass of DST and bad debt expense to Costs of sales; partially offset by the reclass of real estate and office expenses to General and administrative from all legacy operating expense captions.
Reclass of Restructuring and other related reorganization costs from General and administrative for comparability with the current period presentation.