Discontinued Operations (Tables)

12 Months Ended

Dec. 31, 2025

Discontinued Operations and Disposal Groups [Abstract]

Schedule of Discontinued Operations

The following table summarizes the results of operations classified as loss from discontinued operations, net of income taxes, in the consolidated statements of operations (in thousands):

	Year Ended December 31,
	2025		2024		2023
Revenue	$	640,830	$	1,485,190	$	1,441,325
Costs and expenses:
Cost of revenue	209,442		646,193		702,578
Sales and marketing	242,547		596,346		602,693
Research and development	130,298		263,979		258,605
General and administrative	4,202		16,169		1,653
Goodwill impairment	188,943		—		—
Total costs and expenses	775,432		1,522,687		1,565,529
Loss from operations	(134,602)		(37,497)		(124,204)
Other income:
Gain on divestiture, net of transaction costs	106,229		—		—
Other income, net	1,519		1,559		3,172
Total other income, net	107,748		1,559		3,172
Loss from discontinued operations before income taxes	(26,854)		(35,938)		(121,032)
Provision for (benefit from) income taxes	72,590		(26,190)		(19,917)
Loss from discontinued operations, net of income taxes	$	(99,444)	$	(9,748)	$	(101,115)

The following table represents assets and liabilities that are classified as discontinued operations in the consolidated balance sheets for the period presented (in thousands):

Assets:	As of December 31, 2024
Cash	$	44,381
Accounts receivable, net	130,911
Prepaid expenses and other current assets	16,063
Total current assets of discontinued operations	191,355
Goodwill	345,741
Intangible assets, net	423,826
Other non-current assets	167,682
Total assets of discontinued operations	$	1,128,604
Liabilities:
Accounts payable	$	59,125
Accrued and other current liabilities	45,202
Deferred revenue	32,786
Total current liabilities of discontinued operations	137,113
Other non-current liabilities	1,414
Total liabilities of discontinued operations	$	138,527

The following table summarizes significant non-cash operating items and capital expenditures related to discontinued operations, as reflected in the consolidated statements of cash flows for the periods presented (in thousands):

	Year Ended December 31,
	2025		2024		2023
Amortization, depreciation and write-offs	$	64,054	$	319,889	$	369,856
Stock-based compensation	$	3,663	$	19,024	$	20,556
Goodwill impairment	$	188,943	$	—	$	—
Acquisition of intangible assets	$	22,429	$	15,883	$	52,718