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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Cash Flows from Operating Activities:    
Net loss attributable to common shareholders $ (78,746) $ (474,418)
Adjustments to reconcile net loss to net cash flows used in operating activities:    
Depreciation and amortization 114,803 96,477
Non-cash interest income, net (1,471) (378)
Stock-based compensation expense 183,755 206,593
Loss on remeasurement of warrant liabilities 8,303 37,076
(Gain) loss from equity method investment (91) 442
Loss on marketable equity securities and other financial assets, net 0 75
Deferred income taxes (79,762) 1,993
Other income (expenses), net 1,920 (3,349)
Change in operating assets and liabilities, net of effect of acquisitions:    
Receivables reserved for users 73,531 50,930
Accounts receivable (14,494) 19,296
Prepaid expenses and other current assets (22,698) 11,257
Deposits and other non-current assets (179) (6,237)
Operating leases, net 168 1,457
Accounts payable and accrued expenses (82,154) (79,933)
Liabilities to users (148,107) (86,027)
Long-term income tax liability (1,171) (575)
Other long-term liabilities 5,387 6,108
Net cash flows used in operating activities (41,006) (219,213)
Cash Flows from Investing Activities:    
Purchases of property and equipment (5,446) (9,649)
Cash paid for internally developed software costs (44,072) (39,287)
Acquisition of gaming licenses (12,695) (1,959)
Proceeds from marketable equity securities and other financial assets 0 24,425
Cash paid for acquisition, net of cash acquired (392,013) 0
Other investing activities, net (2,308) (482)
Net cash flows used in investing activities (456,534) (26,952)
Cash Flow from Financing Activities:    
Proceeds from exercise of warrants 0 0
Purchase of treasury stock (57,912) (41,184)
Proceeds from exercise of stock options 5,443 3,336
Net cash flows used in financing activities (52,469) (37,848)
Net decrease in cash and cash equivalents, restricted cash, and cash reserved for users (550,009) (284,013)
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 1,073,484 1,494,812
Disclosure of cash and cash equivalents, restricted cash, and cash reserved for users    
Cash and cash equivalents 815,880 1,113,715
Restricted cash 12,844 0
Cash reserved for users 244,760 381,097
Cash and cash equivalents, restricted cash, and cash reserved for users at the end of period 1,073,484 1,494,812
Supplemental Disclosure of Noncash Investing and Financing Activities:    
Investing activities included in accounts payable and accrued expenses 1,709 637
Shares issued in connection with business combinations 331,557 0
Decrease of warrant liabilities from cashless exercise of warrants 46,398 1,470
Supplemental Disclosure of Cash Activities:    
(Decrease) increase in cash reserved for users $ (96,530) $ 88,556