v3.25.3
Property and Equipment, Net
 9 Months Ended
Sep. 30, 2025
Property, Plant and Equipment [Abstract]  
Property and Equipment, Net Property and Equipment, Net
The following table presents the detail of property and equipment, net as of the dates presented (in millions):
September 30, 2025December 31, 2024
Website development costs$606 $564 
Leasehold improvements32 45 
Computer equipment17 18 
Office equipment, furniture and fixtures12 16 
Construction-in-progress3 — 
Property and equipment670 643 
Less: accumulated amortization and depreciation(299)(283)
Property and equipment, net$371 $360 
We recorded depreciation expense related to property and equipment (other than website development costs) of $3 million for both the three months ended September 30, 2025 and 2024, and $10 million and $11 million for the nine months ended September 30, 2025 and 2024, respectively.
We capitalized website development costs of $45 million and $46 million for the three months ended September 30, 2025 and 2024, respectively, and $144 million and $152 million for the nine months ended September 30, 2025 and 2024, respectively. Amortization expense for website development costs included in cost of revenue was $42 million and $40 million for the three months ended September 30, 2025 and 2024, respectively, and $125 million and $109 million for the nine months ended September 30, 2025 and 2024, respectively.