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Segment Reporting (Tables) | 12 Months Ended
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Dec. 31, 2024
Restructuring and Related Activities [Abstract] |
Schedule of financial information | Presented below is the discrete financial information by reportable segment for the years ended December 31, 2024, 2023, and 2022, that reflects management’s current view of the business and that is regularly provided to the CODM. Prior period amounts were reclassified to conform to the current period’s presentation. Asset information is not reviewed by the CODM on a segment basis. Revenue, costs of revenue and operating expenses are generally directly attributable to each segment. Certain costs of revenue and operating expenses are allocated based on methodologies that best reflect the patterns of consumption of these costs. Corporate costs are not allocated to operating segments. Corporate costs consist of costs that support company-wide processes, are managed on the company-wide level, and include costs related to corporate governance and communication, global brand awareness, information security, and certain legal, human resources, finance and accounting expenses. In addition to corporate costs, cost of revenue and operating expenses not allocated to operating segments include stock-based compensation, amortization of acquired intangibles, payroll taxes related to stock-based compensation, charitable contributions and restructuring costs.
|  | Year Ended December 31, 2024
|  | Communications |  | Segment |  |  |  | Total
|  | (In thousands)
Revenue |  | $ | 4,160,340 |  |  | $ | 297,696 |  |  |  |  | $ | 4,458,036 |
Cost of revenue attributable to segments |  | 2,014,491 |  |  | 79,469 |  |  |  |  | 2,093,960 |
Operating expenses attributable to segments |  | 1,103,800 |  |  | 280,882 |  |  |  |  | 1,384,682 |
Segment non-GAAP income (loss) from operations |  | $ | 1,042,049 |  |  | $ | (62,655) |  |  |  |  | $ | 979,394 |
Reconciliation of total segment non-GAAP income from operations to loss from operations: |  |  |  |  |  |  |  |
Total segment non-GAAP income from operations |  |  |  |  |  |  |  | $ | 979,394 |
Corporate costs not allocated to segments |  |  |  |  |  |  |  | (265,000) |
Stock-based compensation |  |  |  |  |  |  |  | (613,429) |
Amortization of acquired intangibles |  |  |  |  |  |  |  | (111,851) |
Payroll taxes related to stock-based compensation |  |  |  |  |  |  |  | (9,642) |
Charitable contributions |  |  |  |  |  |  |  | (19,907) |
Restructuring costs |  |  |  |  |  |  |  | (13,273) |
Loss from operations |  |  |  |  |  |  |  | (53,708) |
Other expenses, net |  |  |  |  |  |  |  | (34,905) |
Loss before provision for income taxes |  |  |  |  |  |  |  | $ | (88,613) |
|  | Year Ended December 31, 2023
|  | Communications |  | Segment |  |  |  | Total
|  | (In thousands)
Revenue |  | $ | 3,858,693 |  |  | $ | 295,252 |  |  |  |  | $ | 4,153,945 |
Cost of revenue attributable to segments |  | 1,901,275 |  |  | 68,433 |  |  |  |  | 1,969,708 |
Operating expenses attributable to segments |  | 1,115,428 |  |  | 299,249 |  |  |  |  | 1,414,677 |
Segment non-GAAP income (loss) from operations |  | $ | 841,990 |  |  | $ | (72,430) |  |  |  |  | $ | 769,560 |
Reconciliation of total segment non-GAAP income from operations to loss from operations: |  |  |  |  |  |  |  |
Total segment non-GAAP income from operations |  |  |  |  |  |  |  | $ | 769,560 |
Corporate costs not allocated to segments |  |  |  |  |  |  |  | (236,552) |
Stock-based compensation |  |  |  |  |  |  |  | (662,842) |
Amortization of acquired intangibles |  |  |  |  |  |  |  | (192,307) |
Acquisition and divestiture related expenses |  |  |  |  |  |  |  | (5,555) |
Loss on net assets divested |  |  |  |  |  |  |  | (32,277) |
Payroll taxes related to stock-based compensation |  |  |  |  |  |  |  | (12,985) |
Charitable contributions |  |  |  |  |  |  |  | (17,346) |
Restructuring costs |  |  |  |  |  |  |  | (165,733) |
Impairment of long-lived assets |  |  |  |  |  |  |  | (320,504) |
Loss from operations |  |  |  |  |  |  |  | (876,541) |
Other expenses, net |  |  |  |  |  |  |  | (120,188) |
Loss before provision for income taxes |  |  |  |  |  |  |  | $ | (996,729) |
|  | Year Ended December 31, 2022
|  | Communications |  | Segment |  |  |  | Total
|  | (In thousands)
Revenue |  | $ | 3,550,087 |  |  | $ | 276,234 |  |  |  |  | $ | 3,826,321 |
Cost of revenue attributable to segments |  | 1,817,019 |  |  | 51,396 |  |  |  |  | 1,868,415 |
Operating expenses attributable to segments |  | 1,414,388 |  |  | 254,533 |  |  |  |  | 1,668,921 |
Segment non-GAAP income (loss) from operations |  | $ | 318,680 |  |  | $ | (29,695) |  |  |  |  | $ | 288,985 |
Reconciliation of total segment non-GAAP loss from operations to loss from operations: |  |  |  |  |  |  |  |
Total segment non-GAAP loss from operations |  |  |  |  |  |  |  | $ | 288,985 |
Corporate costs not allocated to segments |  |  |  |  |  |  |  | (293,475) |
Stock-based compensation |  |  |  |  |  |  |  | (784,285) |
Amortization of acquired intangibles |  |  |  |  |  |  |  | (206,181) |
Acquisition and divestiture related expenses |  |  |  |  |  |  |  | (2,621) |
Payroll taxes related to stock-based compensation |  |  |  |  |  |  |  | (23,832) |
Charitable contributions |  |  |  |  |  |  |  | (9,541) |
Restructuring costs |  |  |  |  |  |  |  | (76,636) |
Impairment of long-lived assets |  |  |  |  |  |  |  | (97,722) |
Loss from operations |  |  |  |  |  |  |  | (1,205,308) |
Other expenses, net |  |  |  |  |  |  |  | (38,324) |
Loss before provision for income taxes |  |  |  |  |  |  |  | $ | (1,243,632) |

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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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