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Segment and Geographic Information (Tables) | 3 Months Ended
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Mar. 31, 2026
Segment Reporting [Abstract] |
Schedule of Segment Reporting Financial Information, by Segment | The following table presents selected financial information with respect to the Company’s single operating segment for the three months ended March 31, 2026 and 2025:
| Three Months Ended |  |
| March 31, 2026 |  | March 31, 2025 |  |  |  |
| (in thousands)
Revenues | $ | 12,249,757 |  |  | $ | 10,542,801 |  |  |  |  |
Less: |  |  |  |  |  |  |
Content amortization | 4,217,900 |  |  | 3,823,112 |  |  |  |  |
Other cost of revenues | 1,670,338 |  |  | 1,440,035 |  |  |  |  |
Sales and marketing | 842,217 |  |  | 688,370 |  |  |  |  |
Technology and development | 959,696 |  |  | 822,823 |  |  |  |  |
General and administrative | 602,609 |  |  | 421,462 |  |  |  |  |
Operating income | 3,956,997 |  |  | 3,346,999 |  |  |  |  |
Operating margin | 32.3 | % |  | 31.7 | % |  |  |  |
Other income (expense) |  |  |  |  |  |  |
Interest expense | (262,077) |  |  | (184,172) |  |  |  |  |
Interest and other income (expense)(1) | 2,852,166 |  |  | 50,899 |  |  |  |  |
Income before income taxes | 6,547,086 |  |  | 3,213,726 |  |  |  |  |
Provision for income taxes | (1,264,295) |  |  | (323,375) |  |  |  |  |
Net income | $ | 5,282,791 |  |  | $ | 2,890,351 |  |  |  |  |
(1) Includes a $2.8 billion termination fee received in connection with the termination of the WBD transaction during the three months ended March 31, 2026, as well as interest income of $70 million and $82 million for the three months ended March 31, 2026 and 2025, respectively.
Schedule of Long-lived Assets by Geographic Areas | The Company's long-lived tangible assets, as well as the Company's operating lease right-of-use assets recognized on the Consolidated Balance Sheets as of March 31, 2026 and December 31, 2025, were located as follows:
| As of
| March 31, 2026 |  | December 31, 2025
| (in thousands)
United States | $ | 3,126,487 |  |  | $ | 3,075,477 |
International | 1,121,812 |  |  | 1,136,034 |

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- Definition Tabular disclosure of long-lived assets, excluding financial instruments, long-term customer relationships of a financial institution, mortgage rights, deferred policy acquisition costs, and deferred tax assets, by geographic areas located in the entity's country of domicile and foreign countries in which the entity holds assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 41 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-41 + Details
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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-25 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-22 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 + Details
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