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Unaudited Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Jun. 30, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents (Note 4) $ 1,212 $ 1,064
Accounts receivable, net (allowance for expected credit losses of $29 and $25, respectively) (Note 4) 284 207
Prepaid expenses and other current assets 51 49
Total current assets 1,547 1,320
Property and equipment, net of accumulated depreciation of $612 and $567, respectively 214 200
Operating lease right-of-use assets 38 17
Intangible assets, net of accumulated amortization of $201 and $189, respectively 35 36
Goodwill 843 814
Non-marketable investments (Note 4) 29 30
Deferred income taxes, net (Note 1) 116 101
Other long-term assets, net of allowance for credit losses of $10 and $10, respectively (Note 4) 45 43
TOTAL ASSETS 2,867 2,561
Current liabilities:    
Accounts payable 80 49
Deferred merchant payables 473 255
Deferred revenue (Note 3) 85 47
Current portion of debt (Note 6) 353 5
Income taxes payable (Note 7) 21 23
Accrued expenses and other current liabilities (Note 5) 237 249
Total current liabilities 1,249 628
Long-term debt (Note 6) 822 831
Finance lease obligation, net of current portion 40 43
Operating lease liabilities, net of current portion 33 11
Deferred income taxes, net 1 1
Other long-term liabilities 95 104
Total Liabilities 2,240 1,618
Commitments and contingencies (Note 8)
Stockholders' equity: (Note 10)    
Preferred stock, $0.001 par value Authorized shares: 100,000,000 Shares issued and outstanding: 0 and 0, respectively 0 0
Common stock 0 0
Additional paid-in capital 412 1,605
Retained earnings 301 276
Accumulated other comprehensive income (loss) (46) (91)
Treasury stock-common stock, at cost, 2,808,080 and 26,260,252 shares, respectively (40) (847)
Total Stockholders’ Equity 627 943
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY 2,867 2,561
Class B Common Stock    
Stockholders' equity: (Note 10)    
Common stock $ 0 $ 0