v3.24.0.1
Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
 12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Net Revenue:      
Total net revenue $ 3,484,619 $ 3,126,534 $ 2,764,584
Cost of Revenue:      
Total cost of revenue 1,962,004 1,685,412 1,355,984
Gross Profit (Loss):      
Total gross profit 1,522,615 1,441,122 1,408,600
Operating Expenses:      
Research and development 878,474 788,913 461,602
Sales and marketing 1,033,359 838,419 455,601
General and administrative 403,159 344,678 256,297
Total operating expenses 2,314,992 1,972,010 1,173,500
Income (Loss) from Operations (792,377) (530,888) 235,100
Other Income, Net:      
Interest expense (730) (5,161) (2,980)
Other income, net 93,677 43,766 4,467
Total other income, net 92,947 38,605 1,487
Income (Loss) Before Income Taxes (699,430) (492,283) 236,587
Income tax expense (benefit) 10,131 5,722 (5,798)
Net Income (Loss) $ (709,561) $ (498,005) $ 242,385
Net income (loss) per share—basic (in dollars per share) $ (5.01) $ (3.62) $ 1.83
Net income (loss) per share—diluted (in dollars per share) $ (5.01) $ (3.62) $ 1.71
Weighted-average common shares outstanding —basic (in shares) 141,572 137,668 132,710
Weighted-average common shares outstanding - diluted (in shares) 141,572 137,668 141,668
Platform | Services      
Net Revenue:      
Total net revenue $ 2,994,105 $ 2,711,441 $ 2,264,920
Cost of Revenue:      
Total cost of revenue 1,427,546 1,179,675 818,506
Gross Profit (Loss):      
Total gross profit 1,566,559 1,531,766 1,446,414
Devices | Produced content      
Net Revenue:      
Total net revenue 490,514 415,093 499,664
Cost of Revenue:      
Total cost of revenue 534,458 505,737 537,478
Gross Profit (Loss):      
Total gross profit $ (43,944) $ (90,644) $ (37,814)