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Stock-Based Compensation (Tables) | 6 Months Ended
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Jun. 30, 2024
Share-Based Payment Arrangement [Abstract] |
Schedule of Stock-Based Compensation Expense | Stock-based compensation expense recorded in the condensed consolidated statements of operations was as follows (in thousands):
| Three Months Ended June 30, |  | Six Months Ended June 30,
| 2024 |  | 2023 |  | 2024 |  | 2023
Platform operations | $ | 7,272 |  |  | $ | 4,967 |  |  | $ | 12,827 |  |  | $ | 8,913 |
Sales and marketing | 25,068 |  |  | 18,800 |  |  | 45,360 |  |  | 32,923 |
Technology and development | 32,509 |  |  | 26,689 |  |  | 60,483 |  |  | 47,556 |
General and administrative | 61,491 |  |  | 66,627 |  |  | 118,290 |  |  | 141,161 |
Total | $ | 126,340 |  |  | $ | 117,083 |  |  | $ | 236,960 |  |  | $ | 230,553 |
Summary of Stock Option Activity | The following summarizes stock option activity:
| Shares Under Options (in thousands) |  | Weighted- Average Exercise Price
Outstanding as of December 31, 2023 | 12,258 |  | $ | 31.05 |
Granted | 2,353 |  | 81.50 |
Exercised | (1,886) |  | 20.45 |
Expired/Forfeited | (168) |  | 52.99 |
Outstanding as of June 30, 2024 | 12,557 |  | $ | 41.80 |
Exercisable as of June 30, 2024 | 7,911 |  | $ | 23.85 |
Summary of Restricted Stock Activity | The following summarizes restricted stock activity:
| Shares (in thousands) |  | Weighted- Average Grant Date Fair Value
Unvested as of December 31, 2023 | 10,546 |  |  | $ | 62.22 |
Granted | 3,979 |  |  | 81.84 |
Vested | (2,088) |  |  | 57.88 |
Forfeited | (426) |  |  | 63.21 |
Unvested as of June 30, 2024 | 12,011 |  |  | $ | 69.44 |

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