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Property and Equipment, Net
 9 Months Ended
Sep. 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):
September 30, 2025December 31, 2024
Content$347,680 $381,629 
Software
44,912 67,612 
Leasehold improvements7,898 8,207 
Furniture and fixtures2,419 3,346 
Computer and equipment2,456 2,953 
Property and equipment405,365 463,747 
Less accumulated depreciation(279,767)(293,099)
Property and equipment, net$125,598 $170,648 

Depreciation expense during the three and nine months ended September 30, 2025 was $14.2 million and $60.4 million, respectively. Depreciation expense during the three and nine months ended September 30, 2024 was $18.2 million and $50.0 million, respectively.

During the nine months ended September 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.