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Segment Information
6 Months Ended
Jun. 30, 2025
Segment Reporting [Abstract]  
Segment Information Segment Information
The Company’s chief operating decision-maker ("CODM") is the chief executive officer and the executive management team. As of June 30, 2025, the Company is currently organized and operates as one operating and reportable segment. The Company is not organized by market and is managed and operated as one business. A single management team that reports to the chief executive officer comprehensively manages the entire business. The Company does not operate any material separate lines of business or separate business entities with respect to its services. Accordingly, the Company does not accumulate discrete financial information with respect to separate entities. The CODM assesses performance and makes decisions on optimizing the allocation of resources across functions and strategic investments using consolidated net income. Segment assets represent total assets as reported on the interim condensed consolidated balance sheets.
Information regarding the Company's one operating segment for the three and six months ended June 30, 2025 and 2024 were as follows (in thousands):

For the Three Months
Ended June 30,
 For the Six Months
Ended June 30, 2025
2025202420252024
Revenue$1,043,494 $979,580 $2,058,633 $1,966,550 
Less:
Co-location fees87,189 75,335 170,950 147,996 
Bandwidth fees45,647 61,259 93,470 122,431 
Network build-out and supporting services58,223 46,224 112,297 92,337 
Payroll and related costs391,431 368,869 771,945 752,964 
Capitalized salaries and related costs(80,183)(75,271)(160,954)(153,924)
Facilities-related costs21,274 20,946 43,143 42,496 
Software and related services21,403 17,732 41,521 35,523 
Other segment items (1)
54,435 55,921 101,147 101,275 
Depreciation and amortization175,461 158,549 349,483 314,732 
Stock-based compensation112,776 98,466 224,754 191,726 
Restructuring charges3,103 1,385 3,464 1,929 
Acquisition-related costs1,274 2,179 1,369 2,351 
Interest and marketable securities income, net(14,129)(26,628)(33,659)(54,469)
Interest expense8,201 6,829 14,951 13,647 
Other expense (income), net5,451 949 (569)438 
Provision for income taxes
48,320 35,148 98,532 47,992 
Net income$103,618 $131,688 $226,789 $307,106 

(1) Other segment items includes marketing programs and related costs, third-party professional service fees, non-income related tax expense and other expenses.