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Property and Equipment, Net
 6 Months Ended
Jun. 30, 2025
Property, Plant and Equipment [Abstract]  
Property and Equipment, Net Property and Equipment, Net
Property and equipment, net consisted of the following (in thousands):
June 30, 2025December 31, 2024
Content$344,533 $381,629 
Software
44,109 67,612 
Leasehold improvements7,926 8,207 
Furniture and fixtures2,459 3,346 
Computer and equipment2,501 2,953 
Property and equipment401,528 463,747 
Less accumulated depreciation(266,037)(293,099)
Property and equipment, net$135,491 $170,648 

Depreciation expense during the three and six months ended June 30, 2025 was $15.2 million and $46.2 million, respectively. Depreciation expense during the three and six months ended June 30, 2024 was $16.2 million and $31.9 million, respectively.

During the six months ended June 30, 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.