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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Cash Flows from Operating Activities:    
Net loss attributable to common shareholders $ (142,568) $ (397,148)
Adjustments to reconcile net loss to net cash flows used in operating activities:    
Depreciation and amortization 53,180 48,213
Non-cash interest expense, net 59 157
Stock-based compensation expense 93,535 117,400
Loss on remeasurement of warrant liabilities 18,094 17,035
(Gain) loss from equity method investment (330) 119
Loss on marketable equity securities and other financial assets, net 0 136
Deferred income taxes 540 2,254
Other expenses, net 627 (2,726)
Change in operating assets and liabilities:    
Receivables reserved for users 35,809 35,547
Accounts receivable (5,782) 9,674
Prepaid expenses and other current assets (29,572) (10,069)
Deposits and other non-current assets (202) (3,464)
Operating leases, net 34 1,864
Accounts payable and accrued expenses (14,341) (6,292)
Liabilities to users (81,363) (15,717)
Long-term income tax liability (1,527) (620)
Other long-term liabilities 3,412 2,145
Net cash flows used in operating activities (70,395) (201,492)
Cash Flows from Investing Activities:    
Purchases of property and equipment (3,025) (7,094)
Cash paid for internally developed software costs (22,665) (19,419)
Acquisition of gaming licenses (11,594) (1,362)
Other investing activities, net (1,915) 311
Net cash flows used in investing activities (39,199) (27,564)
Cash Flow from Financing Activities:    
Purchase of treasury stock (33,499) (27,358)
Proceeds from exercise of stock options 2,857 2,192
Net cash flows used in financing activities (30,642) (25,166)
Net decrease in cash and cash equivalents, restricted cash, and cash reserved for users (140,236) (254,222)
Cash and cash equivalents, restricted cash, and cash reserved for users at the beginning of period 1,623,493 1,778,825
Cash and cash equivalents, restricted cash, and cash reserved for users at the end of period 1,483,257 1,524,603
Disclosure of cash and cash equivalents, restricted cash, and cash reserved for users    
Cash and cash equivalents 1,192,662 1,087,668
Restricted cash 12,454 0
Cash reserved for users 278,141 436,935
Cash and cash equivalents, restricted cash, and cash reserved for users at the end of period 1,483,257 1,524,603
Supplemental Disclosure of Noncash Investing and Financing Activities:    
Investing activities included in accounts payable and accrued expenses 688 (679)
Decrease of warrant liabilities from cashless exercise of warrants 46,181 0
Supplemental Disclosure of Cash Activities:    
Decrease in cash reserved for users (63,149) (32,718)
Cash paid for interest $ 0 $ 0