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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Sep. 30, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 427 $ 536
Accounts receivable (net of allowance for credit losses of $11 and $10 as of September 30, 2025 and December 31, 2024, respectively) 930 571
Prepaid expenses and other current assets 211 128
Total current assets 1,622 1,281
Property and equipment, net 304 232
Equity method investments 56 14
Goodwill 1,559 1,201
Other intangible assets, net 758 480
Operating lease right-of-use assets 68 59
Deferred tax assets 265 268
Other non-current assets 128 89
Total assets 4,760 3,624
Current liabilities:    
Accounts payable 556 263
Due to affiliates 11 0
Accrued expenses and other current liabilities 691 461
Current portion of operating lease liabilities 22 15
Current portion of long-term debt 23 19
Total current liabilities 1,322 780
Long-term debt, net of unamortized debt discount and debt issuance costs 1,366 1,365
Deferred tax liabilities 62 36
Pension liabilities 181 156
Long-term operating lease liabilities 64 63
Earnout derivative liabilities 53 133
Other non-current liabilities 178 34
Total liabilities 3,226 2,567
Commitments and Contingencies (see note 9)
Shareholders’ equity:    
Class A common stock (par value $0.0001; 3,000,000,000 shares authorized; 538,220,784 and 478,904,677 shares issued, 525,945,634 and 470,904,677 shares outstanding as of September 30, 2025 and December 31, 2024, respectively) 0 0
Additional paid-in capital 3,260 2,827
Accumulated deficit (1,549) (1,575)
Accumulated other comprehensive loss (93) (146)
Treasury shares, at cost (12,275,150 and 8,000,000 shares as of September 30, 2025 and December 31, 2024, respectively) (89) (55)
Total equity of the Company’s shareholders 1,529 1,051
Equity attributable to non-controlling interest in subsidiaries 5 6
Total shareholders’ equity 1,534 1,057
Total liabilities and shareholders’ equity 4,760 3,624
Related Party    
Current assets:    
Due from affiliates 54 46
Current liabilities:    
Due to affiliates $ 30 $ 22