Segments and Geographic Information (Tables)

3 Months Ended

Mar. 31, 2025

Schedule of Segment Reporting Information, by Segment

The following table presents the significant segment expenses and other segment items regularly reviewed by our CODM:


	Three Months Ended March 31,
	2025		2024

	(in thousands)
Revenue	$	1,363,217	$	1,194,773

Less:
Infrastructure costs	376,568		337,506
Content and developer partner costs	160,904		148,245
Advertising partner and other costs	99,151		84,104
Operating expenses	618,169		579,259
Stock-based compensation and related payroll and other tax expense	264,556		270,685
Depreciation and amortization	37,715		38,098
Other segment items (1)	(54,259)		41,966
Net loss	$	(139,587)	$	(305,090)

(1)Other segment items primarily include interest income; interest expense; other income (expense), net; and income tax benefit (expense) as reported in our consolidated statements of operations. Other segment items also include restructuring charges of $70.1 million for the three months ended March 31, 2024. No restructuring charges were incurred during the three months ended March 31, 2025.

Long-Lived Assets by Geographic Areas

The following table represents our long-lived assets, which includes property and equipment, net and operating lease right-of-use assets, by geography:


	As of March 31, 2025		As of December 31, 2024

	(in thousands)
United States	$	691,522	$	682,173
United Kingdom	244,402		248,243
Rest of world (1)	93,699		89,113
Total long-lived assets, net	$	1,029,623	$	1,019,529

(1)No individual country other than the United States and the United Kingdom exceeded 10% of our total long-lived assets for any period presented.