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Property and Equipment, Net (Tables)

12 Months Ended

Dec. 31, 2024

Property, Plant and Equipment [Abstract]

Schedule of Property, plant and equipment

Property and equipment are recorded at cost less accumulated depreciation and content amortization. Depreciation and content amortization are computed using the straight-line method over the following estimated useful lives of the assets:


Classification						Useful Life
Content						Shorter of the licensed content term or 5 years

Internal-use software and website development						3 years
Leasehold improvements						Shorter of the remaining lease term or 5 years
Furniture and fixtures						5 years
Computers and equipment						3 years

The following table presents our property and equipment, net balances (in thousands):


	December 31,
	2024		2023
Content	$	381,629	$	346,749
Internal-use software and website development	67,612		51,855
Leasehold improvements	8,207		10,857
Furniture and fixtures	3,346		4,607
Computer and equipment	2,953		3,496
Property and equipment	463,747		417,564
Less accumulated depreciation	(293,099)		(234,491)
Property and equipment, net	$	170,648	$	183,073