v3.24.1.u1
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2024
Jun. 30, 2023
Mar. 31, 2023
Dec. 31, 2023
Cash flows from operating activities:        
Net Loss $ (50,855)   $ (193,604)  
Adjustments to reconcile net loss to net cash from operating activities:        
Depreciation and amortization 16,473   15,636  
Stock-based compensation expense 94,632   96,472  
Amortization of right-of-use assets 11,876   15,301  
Amortization of content assets 47,891   49,402  
Foreign currency remeasurement (gains) losses 997   1,395  
Change in fair value of the Strategic Investment (574)   (3,210)  
Impairment of assets 851   4,338  
Provision for (recoveries of) doubtful accounts (7)   1,890  
Other items, net (748)   (24)  
Changes in operating assets and liabilities:        
Accounts receivable 99,500   55,608  
Inventories (2,402)   (2,491)  
Prepaid expenses and other current assets 6,665   4,964  
Content assets and liabilities, net (50,059)   (55,539)  
Other non-current assets (4,763)   4,008  
Accounts payable 919   (60,055)  
Accrued liabilities (109,591)   (92,504)  
Operating lease liabilities (12,704)   (1,597)  
Other long-term liabilities 170   (91)  
Deferred revenue (1,588)   6,689  
Net cash provided by (used in) operating activities 46,683   (153,412)  
Cash flows from investing activities:        
Purchases of property and equipment (672)   (54,243)  
Purchase of Strategic Investment 0 $ (5,000) (5,000)  
Net cash used in investing activities (672)   (59,243)  
Cash flows from financing activities:        
Repayments of borrowings 0   (80,000)  
Proceeds from equity issued under incentive plans 8,262   891  
Taxes paid related to net share settlement of equity awards (22,206)   0  
Net cash used in financing activities (13,944)   (79,109)  
Net increase (decrease) in cash, cash equivalents and restricted cash 32,067   (291,764)  
Effect of exchange rate changes on cash, cash equivalents and restricted cash (2,230)   573  
Cash, cash equivalents and restricted cash —beginning of period 2,066,604 $ 1,670,765 1,961,956  
Cash, cash equivalents and restricted cash —end of period 2,096,441   1,670,765  
Cash, cash equivalents and restricted cash at end of period:        
Cash and cash equivalents 2,055,728   1,630,052 $ 2,025,891
Restricted cash, current 40,713   40,713 40,713
Cash, cash equivalents and restricted cash —end of period 2,096,441   1,670,765 $ 2,066,604
Supplemental disclosures of cash flow information:        
Cash paid for interest 29   867  
Cash paid for income taxes 2,144   1,452  
Supplemental disclosures of non-cash investing and financing activities:        
Unpaid portion of property and equipment purchases $ 86   $ 10,492