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CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Income Statement [Abstract]        
Revenue $ 674 $ 597 $ 1,926 $ 1,832
Costs and expenses:        
Cost of revenue (excluding depreciation and amortization shown separately below) 270 237 743 729
Sales and marketing 108 99 322 297
Technology and content 130 112 370 332
General and administrative 76 75 213 241
Restructuring and other exit charges 29 4 45 10
Depreciation and amortization 49 43 132 138
Total operating expenses 662 570 1,825 1,747
Operating income 12 27 101 85
Interest income 2 2 6 4
Interest expense (24) (28) (71) (93)
Loss on early extinguishment of debt 0 (38) (2) (38)
Fair value movement on earnout derivative liabilities (26) (22) 80 (14)
Other loss, net (4) (15) (24) (9)
(Loss) income before income taxes (40) (74) 90 (65)
Provision for income taxes (24) (54) (66) (55)
Share of income from equity method investments 2 0 4 0
Net (loss) income (62) (128) 28 (120)
Less: net income attributable to non-controlling interests in subsidiaries 0 1 2 2
Net (loss) income attributable to the Company’s Class A common stockholders $ (62) $ (129) $ 26 $ (122)
Basic (loss) income per share attributable to the Company’s Class A common stockholders (in dollars per share) $ (0.13) $ (0.28) $ 0.06 $ (0.26)
Weighted average number of shares outstanding - Basic (in shares) 485,823,844 462,291,043 474,195,781 462,763,170
Diluted (loss) income per share attributable to the Company’s Class A common stockholders (in dollars per share) $ (0.13) $ (0.28) $ 0.05 $ (0.26)
Weighted average number of shares outstanding - Diluted (in shares) 485,823,844 462,291,043 481,688,836 462,763,170