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Segment Information (Tables)
12 Months Ended
Dec. 31, 2025
Segment Reporting [Abstract]  
Summary of Financial Information for the Company's Segments
The following table presents revenue, significant expenses, and net income (loss) for our consolidated segment:
Year ended December 31,
202520242023
Total revenue$6,054,525 $4,767,699 $3,665,393 
Less:
Cost of revenue: Gaming taxes2,110,590 1,658,114 1,235,272 
Cost of revenue: Other1,189,909 1,061,992 872,178 
Adjusted sales and marketing expenses (2)
1,338,553 1,224,561 1,161,318 
Adjusted product and technology expenses (2)
370,260 292,991 240,422 
Adjusted general and administrative expenses (2)
425,226 348,734 307,238 
Depreciation and amortization 275,488 270,854 201,920 
Interest (income) expense, net 19,941 (44,300)(55,739)
Stock-based compensation339,311 381,367 398,463 
Income tax (benefit) provision4,274 (86,341)10,170 
Other segment items (3)
(22,737)167,012 96,293 
Consolidated net income (loss)$3,710 $(507,285)$(802,142)
(1)Cost of revenue: Other includes all cost of revenue, other than gaming tax, presented in the consolidated statements of operations, adjusted for the impact of depreciation and amortization and stock-based compensation.
(2)These items represent the respective line items in the consolidated statements of operations, adjusted for the impact of depreciation and amortization; stock-based compensation; transaction-related costs; certain litigation, settlement and related costs; certain advocacy and other related legal expenses; and other expenses, as further described below.
(3)Other segment items include: (i) transaction-related costs; (ii) certain external legal costs related to litigation and litigation settlement costs deemed unrelated to our ordinary-course business operations; (iii) certain costs relating to advocacy efforts and other legal expenses in jurisdictions where we do not operate certain product offerings and are actively seeking licensure, or similar approval, for those product offerings, excluding costs relating to advocacy efforts and other legal expenses in jurisdictions where we do not operate that are incurred in the ordinary course of business and costs relating to advocacy efforts and other legal expenses incurred in jurisdictions where related legislation has been passed and we currently operate; (iv) (gain) loss on remeasurement of warrant liabilities; (v) (gain) loss from equity method investments and (vi) other items not associated with our primary offerings, such as gains or losses on contingent consideration, gain or losses on business disposals and termination-related expenses.