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Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Income Statement [Abstract]        
Revenue $ 1,258,754 $ 711,015 $ 2,417,728 $ 1,389,385
Costs and expenses:        
Cost of revenue 155,076 121,759 306,756 246,301
Sales and marketing 46,917 66,965 106,300 127,875
Research and development 44,032 99,123 100,438 188,071
General and administrative 55,047 38,746 106,570 78,815
Total costs and expenses 301,072 326,593 620,064 641,062
Income from operations 957,682 384,422 1,797,664 748,323
Other income (expense):        
Interest expense (51,409) (74,418) (104,297) (148,343)
Other income (expense), net (22,269) 7,872 (14,757) 9,506
Total other expense, net (73,678) (66,546) (119,054) (138,837)
Income before income taxes 884,004 317,876 1,678,610 609,486
Provision for income taxes 112,148 16,894 183,216 49,147
Net income from continuing operations 771,856 300,982 1,495,394 560,339
Income (loss) from discontinued operations, net of income taxes 47,675 8,987 (99,444) (14,187)
Net income $ 819,531 $ 309,969 $ 1,395,950 $ 546,152
Net income (loss) per share attributed to Class A and Class B common stockholders - Basic:        
Continuing operations (in dollars per share) $ 2.28 $ 0.90 $ 4.41 $ 1.66
Discontinued operations (in dollars per share) 0.14 0.02 (0.30) (0.04)
Basic (in dollars per share) 2.42 0.92 4.11 1.62
Net income (loss) per share attributed to Class A and Class B common stockholders - Diluted:        
Continuing operations (in dollars per share) 2.26 0.86 4.35 1.60
Discontinued operations (in dollars per share) 0.13 0.03 (0.29) (0.04)
Diluted (in dollars per share) $ 2.39 $ 0.89 $ 4.06 $ 1.56
Weighted-average common shares used to compute net income (loss) per share attributable to Class A and Class B common stockholders:        
Basic (in shares) 338,617,184 335,681,788 339,223,841 335,785,864
Diluted (in shares) 342,194,433 347,964,201 343,528,576 348,327,848