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Reportable Segments
6 Months Ended
Jun. 30, 2026
Segment Reporting [Abstract]  
Reportable Segments
15. Reportable Segments
The following represents segment information for the Company’s single operating segment, for the periods presented (in millions):
 Three Months Ended June 30,Six Months Ended June 30,
 2026202520262025
Revenue$1,469 $1,081 $2,911 $2,116 
Add (deduct):
Cost of revenue(1)
(292)(236)$(586)$(461)
Developer exchange fees(363)(316)(786)(598)
Adjusted infrastructure expenses(2)
(209)(147)(394)(277)
Adjusted trust & safety expenses(2)
(97)(70)(182)(138)
Personnel costs, excluding stock-based compensation expense and excluding infrastructure and trust & safety personnel costs(248)(215)(500)(423)
Stock-based compensation expense, excluding infrastructure and trust & safety stock-based compensation expense(248)(251)(488)(476)
Depreciation and amortization expense(65)(54)(126)(108)
Other segment items(3)
(179)(109)(373)(203)
Interest income59 49 114 95 
Interest expense(10)(11)(20)(21)
(Provision for)/benefit from income taxes(2)(1)(3)(2)
Consolidated net loss$(185)$(280)$(433)$(496)
(1)Depreciation of servers and infrastructure equipment is included in infrastructure and trust & safety expenses in the Company’s condensed consolidated statement of operations.
(2)Adjusted infrastructure and adjusted trust & safety expenses exclude depreciation and amortization expense.
(3)Other segment items primarily include expenses for professional services, facilities, advertising and promotions, transactional taxes, and other income/(expense), net.