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STOCKHOLDERS' EQUITY (Tables) | 12 Months Ended
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Dec. 31, 2024
Equity [Abstract] |
Summary of Stock Option Activity | A summary of stock option activity for the year ended December 31, 2024 is as follows (in thousands, except share and per share data):
| Number of Stock Options Outstanding |  | Weighted Average Exercise Price |  | Weighted Average Remaining Contractual Term (in years) |  | Aggregate Intrinsic Value
Outstanding, beginning of the period | 4,991 |  |  | $ | 47.64 |  |  | 3.80 |  | $ | 195,760 |
Granted | 578 |  |  | 74.03 |  |  |  |  |
Exercised | (2,646) |  |  | 23.14 |  |  |  |  |
Forfeited | (249) |  |  | 78.73 |  |  |  |  |
Expired | (96) |  |  | 142.49 |  |  |  |  |
Outstanding, end of the period | 2,578 |  |  | $ | 72.17 |  |  | 5.11 |  | $ | 67,966 |
Exercisable, end of the period | 1,952 |  |  | $ | 70.00 |  |  | 3.95 |  | $ | 60,701 |
Restricted Stock Awards and Restricted Stock Units Activity | Activity related to RSUs during the year ended December 31, 2024 is set forth below:
| Number of Shares |  | Weighted Average Grant Date Fair Value
Unvested, beginning of the period | 40,099 |  |  | $ | 74.76 |
Granted | 22,328 |  |  | 71.26 |
Vested | (16,223) |  |  | 79.90 |
Forfeited | (9,125) |  |  | 74.32 |
Unvested, end of the period | 37,079 |  |  | $ | 70.51 |
Fair Value Assumptions for Options | The fair values of stock options granted were estimated using the following weighted-average assumptions:
| Year Ended December 31,
| 2024 |  | 2023 |  | 2022
Dividend yield | — | % |  | — | % |  | — | %
Risk-free interest rate | 4.65 | % |  | 3.48 | % |  | 3.08 | %
Expected volatility | 62.92 | % |  | 62.32 | % |  | 59.20 | %
Expected term (years) | 6.02 |  | 6.02 |  | 6.02
Summary of the Effect of Share-Based Compensation on the Consolidated Statements of Operations | The following table summarizes the effects of share-based compensation on the consolidated statements of operations (in thousands):
| Year Ended December 31,
| 2024 |  | 2023 |  | 2022
Cost of revenue | $ | 707 |  |  | $ | 601 |  |  | $ | 494 |
Product development | 903,262 |  |  | 902,130 |  |  | 701,715 |
Sales and marketing | 131,233 |  |  | 130,665 |  |  | 105,231 |
General and administrative | 237,355 |  |  | 242,701 |  |  | 261,849 |
Total | $ | 1,272,557 |  |  | $ | 1,276,097 |  |  | $ | 1,069,289 |

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- Definition Tabular disclosure of allocation of amount expensed and capitalized for award under share-based payment arrangement to statement of income or comprehensive income and statement of financial position. Includes, but is not limited to, corresponding line item in financial statement. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(1) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 + Details
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- Definition Tabular disclosure of the significant assumptions used during the year to estimate the fair value of stock options, including, but not limited to: (a) expected term of share options and similar instruments, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 718 -SubTopic 10 -Subparagraph (f)(2) -Name Accounting Standards Codification -Paragraph 2 -Section 50 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 + Details
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