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Property and Equipment, Net
 3 Months Ended
Mar. 31, 2025
Property, Plant and Equipment [Abstract]  
Property and Equipment, Net Property and Equipment, Net
Property and equipment, net consisted of the following (in thousands):
March 31, 2025December 31, 2024
Content$339,227 $381,629 
Software
51,003 67,612 
Leasehold improvements8,235 8,207 
Furniture and fixtures3,337 3,346 
Computer and equipment2,985 2,953 
Property and equipment404,787 463,747 
Less accumulated depreciation(259,816)(293,099)
Property and equipment, net$144,971 $170,648 

Depreciation expense during the three months ended March 31, 2025 and 2024 was $31.0 million and $15.7 million, respectively.

During the three months ended March 31, 2025, we streamlined our product experiences. As a result, we elected to abandon certain content and internal-use software assets and recorded charges of $18.2 million, consisting of $16.2 million of accelerated depreciation classified as cost of revenues on our condensed consolidated statements of operations and $2.0 million of impairment of in-progress internal-use software assets classified as impairment expense on our condensed consolidated statements of operations.