Pinterest (PINS) 10-Q 27 Apr 23 2023 Q1 Quarterly report Financial data

Cover Page

Cover Page - shares	3 Months Ended
	Mar. 31, 2023	Apr. 21, 2023
Document Information [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Mar. 31, 2023
Document Transition Report	false
Entity File Number	001-38872
Entity Registrant Name	Pinterest, Inc.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	26-3607129
Entity Address, Address Line One	651 Brannan Street
Entity Address, City or Town	San Francisco
Entity Address, State or Province	CA
Entity Address, Postal Zip Code	94107
City Area Code	415
Local Phone Number	762-7100
Title of 12(b) Security	Class A Common Stock, $0.00001 par value
Trading Symbol	PINS
Security Exchange Name	NYSE
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Document Fiscal Period Focus	Q1
Amendment Flag	false
Document Fiscal Year Focus	2023
Current Fiscal Year End Date	--12-31
Entity Central Index Key	0001506293
Class A Common Stock
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		594,323,936
Class B Common Stock
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		89,433,099

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Current assets:
Cash and cash equivalents	$ 1,651,242	$ 1,611,063
Marketable securities	1,078,487	1,087,164
Accounts receivable, net of allowances of $13,085 and $12,672 as of March 31, 2023 and December 31, 2022, respectively	487,964	681,532
Prepaid expenses and other current assets	80,695	74,918
Total current assets	3,298,388	3,454,677
Property and equipment, net	30,272	59,575
Operating lease right-of-use assets	97,606	206,253
Goodwill and intangible assets, net	122,982	124,822
Other assets	17,174	17,403
Total assets	3,566,422	3,862,730
Current liabilities:
Accounts payable	77,284	87,920
Accrued expenses and other current liabilities	244,639	292,611
Total current liabilities	321,923	380,531
Operating lease liabilities	159,506	178,694
Other liabilities	25,254	21,851
Total liabilities	506,683	581,076
Commitments and contingencies
Stockholders’ equity:
Class A common stock, $0.00001 par value, 6,666,667 shares authorized, 594,834 and 593,918 shares issued and outstanding as of March 31, 2023 and December 31, 2022, respectively; Class B common stock, $0.00001 par value, 1,333,333 shares authorized, 89,323 and 89,284 shares issued and outstanding as of March 31, 2023 and December 31, 2022, respectively	7	7
Additional paid-in capital	5,390,101	5,407,724
Accumulated other comprehensive loss	(7,132)	(11,419)
Accumulated deficit	(2,323,237)	(2,114,658)
Total stockholders’ equity	3,059,739	3,281,654
Total liabilities and stockholders’ equity	$ 3,566,422	$ 3,862,730

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parenthetical) - USD ($) shares in Thousands, $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Allowances	$ 13,085	$ 12,672
Class A Common Stock
Common stock, par value (in dollars per share)	$ 0.00001	$ 0.00001
Common stock, shares authorized (in shares)	6,666,667	6,666,667
Common stock, shares issued (in shares)	594,834	593,918
Common stock, shares outstanding (in shares)	594,834	593,918
Class B Common Stock
Common stock, par value (in dollars per share)	$ 0.00001	$ 0.00001
Common stock, shares authorized (in shares)	1,333,333	1,333,333
Common stock, shares issued (in shares)	89,323	89,284
Common stock, shares outstanding (in shares)	89,323	89,284

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Income Statement [Abstract]
Revenue	$ 602,581	$ 574,885
Costs and expenses:
Cost of revenue	170,926	146,070
Research and development	266,346	195,548
Sales and marketing	201,131	173,953
General and administrative	207,864	62,979
Total costs and expenses	846,267	578,550
Loss from operations	(243,686)	(3,665)
Interest income (expense), net	24,901	712
Other income (expense), net	322	(1,200)
Loss before provision for (benefit from) income taxes	(218,463)	(4,153)
Provision for (benefit from) income taxes	(9,884)	1,128
Net loss	$ (208,579)	$ (5,281)
Net loss per share, basic (in dollars per share)	$ (0.31)	$ (0.01)
Net loss per share, diluted (in dollars per share)	$ (0.31)	$ (0.01)
Weighted-average shares used in computing net loss per share, basic (in shares)	681,140	656,899
Weighted-average shares used in computing net loss per share, diluted (in shares)	681,140	656,899

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Comprehensive Loss - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Statement of Comprehensive Income [Abstract]
Net loss	$ (208,579)	$ (5,281)
Other comprehensive loss, net of taxes:
Change in unrealized gain (loss) on available-for-sale marketable securities	3,956	(7,844)
Change in foreign currency translation adjustment	331	(234)
Comprehensive loss	$ (204,292)	$ (13,359)

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Stockholders' Equity - USD ($) $ in Thousands	Total	Additional Paid-In Capital	Additional Paid-In Capital	Accumulated Other Comprehensive Income (Loss)	Accumulated Deficit
Beginning balance (in shares) at Dec. 31, 2021		656,872,000
Beginning balance at Dec. 31, 2021	$ 3,038,743	$ 7	$ 5,059,528	$ (2,181)	$ (2,018,611)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Release of restricted stock units and issuance of restricted stock awards (in shares)		5,013,000
Issuance of common stock for cash upon exercise of stock options, net (in shares)		369,000
Issuance of common stock for cash upon exercise of stock options, net	1,036		1,036
Share-based compensation	73,240		73,240
Other comprehensive income (loss)	(8,078)			(8,078)
Net loss	(5,281)				(5,281)
Ending balance (in shares) at Mar. 31, 2022		662,254,000
Ending balance at Mar. 31, 2022	3,099,660	$ 7	5,133,804	(10,259)	(2,023,892)
Beginning balance (in shares) at Dec. 31, 2022		683,202,000
Beginning balance at Dec. 31, 2022	3,281,654	$ 7	5,407,724	(11,419)	(2,114,658)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Release of restricted stock units and issuance of restricted stock awards (in shares)		2,775,000
Shares repurchased for tax withholdings on release of restricted stock units and restricted stock awards	$ (91,508)		(91,508)
Issuance of common stock for cash upon exercise of stock options, net (in shares)	950,000	950,000
Issuance of common stock for cash upon exercise of stock options, net	$ 2,400		2,400
Repurchases of Class A common stock (in shares)	(2,769,740)	(2,770,000)
Repurchases of Class A common stock	$ (71,637)		(71,637)
Share-based compensation	143,122		143,122
Other comprehensive income (loss)	4,287			4,287
Net loss	(208,579)				(208,579)
Ending balance (in shares) at Mar. 31, 2023		684,157,000
Ending balance at Mar. 31, 2023	$ 3,059,739	$ 7	$ 5,390,101	$ (7,132)	$ (2,323,237)

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Operating activities
Net loss	$ (208,579)	$ (5,281)
Adjustments to reconcile net loss to net cash provided by operating activities:
Depreciation and amortization	6,212	7,220
Share-based compensation	143,122	73,240
Impairment and abandonment charges for leases and leasehold improvements	112,934	0
Other	(1,346)	2,978
Changes in assets and liabilities:
Accounts receivable	192,523	180,203
Prepaid expenses and other assets	(5,773)	(8,285)
Operating lease right-of-use assets	25,163	12,394
Accounts payable	(11,031)	(4,638)
Accrued expenses and other liabilities	(43,659)	(31,620)
Operating lease liabilities	(26,109)	(12,822)
Net cash provided by operating activities	183,457	213,389
Investing activities
Purchases of property and equipment and intangible assets	(1,990)	(6,902)
Purchases of marketable securities	(331,608)	(155,181)
Sales of marketable securities	29,271	4,168
Maturities of marketable securities	318,490	207,319
Net cash provided by investing activities	14,163	49,404
Financing activities
Proceeds from exercise of stock options, net	2,400	1,036
Shares repurchased for tax withholdings on release of restricted stock units and restricted stock awards	(91,508)	0
Repurchases of Class A common stock	(69,476)	0
Net cash (used in) provided by financing activities	(158,584)	1,036
Effect of exchange rate changes on cash, cash equivalents and restricted cash	1,142	333
Net increase in cash, cash equivalents and restricted cash	40,178	264,162
Cash, cash equivalents and restricted cash, beginning of period	1,617,660	1,427,064
Cash, cash equivalents and restricted cash, end of period	1,657,838	1,691,226
Supplemental cash flow information
Repurchase Of Common Stock In Accrued Expenses And Other Current Liabilities	2,161	0
Operating lease right-of-use assets obtained in exchange for operating lease liabilities	$ 803	$ 7,085

Condensed Consolidated Statem_5

Condensed Consolidated Statements of Cash Flows (Parenthetical) - USD ($) $ in Thousands	Mar. 31, 2023	Mar. 31, 2022
Reconciliation of cash, cash equivalents and restricted cash to condensed consolidated balance sheets
Cash and cash equivalents	$ 1,651,242	$ 1,683,792
Restricted cash included in prepaid expenses and other current assets	2,243	1,137
Restricted cash included in other assets	4,353	6,297
Total cash, cash equivalents and restricted cash	$ 1,657,838	$ 1,691,226

Description of Business and Sum

Description of Business and Summary of Significant Accounting Policies	3 Months Ended
	Mar. 31, 2023
Accounting Policies [Abstract]
Description of Business and Summary of Significant Accounting Policies	Description of Business and Summary of Significant Accounting Policies Description of Business Pinterest was incorporated in Delaware in 2008 and is headquartered in San Francisco, California. Pinterest is a visual discovery engine that people around the globe use to find the inspiration to create a life they love. We generate revenue by delivering ads on our website and mobile application. Basis of Presentation and Consolidation We prepared the accompanying condensed consolidated financial statements in accordance with generally accepted accounting principles in the United States ("GAAP"). The condensed consolidated financial statements include the accounts of Pinterest, Inc. and its wholly owned subsidiaries. We have eliminated all intercompany balances and transactions. The condensed consolidated balance sheet as of December 31, 2022 included herein was derived from the audited financial statements as of that date. We have condensed or omitted certain information and notes normally included in complete financial statements prepared in accordance with GAAP. As such, these unaudited condensed consolidated financial statements should be read in conjunction with the consolidated financial statements as of and for the year ended December 31, 2022, which are included in our Annual Report on Form 10-K. In our opinion, the accompanying condensed consolidated financial statements reflect all normal recurring adjustments necessary to present fairly the results for the interim periods presented, but they are not necessarily indicative of the results of operations to be expected for the year ending December 31, 2023. Reclassifications We have reclassified certain amounts in prior periods to conform with current presentation. Use of Estimates Preparing our condensed consolidated financial statements in conformity with GAAP requires us to make estimates and judgments that affect amounts reported in the condensed consolidated financial statements and accompanying notes. We base these estimates and judgments on historical experience and various other assumptions that we consider reasonable. GAAP requires us to make estimates and assumptions in several areas, including the fair values of financial instruments, leases, assets acquired and liabilities assumed through business combinations, share-based awards, and contingencies as well as the collectability of our accounts receivable, the useful lives of our intangible assets and property and equipment, the incremental borrowing rate we use to determine our operating lease liabilities, and revenue recognition, among others. Actual results could differ materially from these estimates and judgments. Significant Accounting Policies There have been no material changes to our significant accounting policies from our Annual Report on Form 10-K for the year ended December 31, 2022.

Fair Value of Financial Instrum

Fair Value of Financial Instruments	3 Months Ended
	Mar. 31, 2023
Fair Value Disclosures [Abstract]
Fair Value of Financial Instruments	Fair Value of Financial Instruments The fair values of the financial instruments we measure at fair value on a recurring basis are as follows (in thousands): March 31, 2023 Level 1 Level 2 Level 3 Total Cash equivalents: Money market funds $ 1,030,090 $ — $ — $ 1,030,090 Commercial paper — 118,750 — 118,750 U.S. treasury securities 20,913 — — 20,913 Marketable securities: Corporate bonds — 341,916 — 341,916 U.S. treasury securities 245,590 — — 245,590 Commercial paper — 200,643 — 200,643 Certificates of deposit — 169,524 — 169,524 Non-U.S. government and supranational bonds — 25,306 — 25,306 Municipal securities — 19,832 — 19,832 U.S. agency bonds — 75,676 — 75,676 Prepaid expenses and other current assets: Certificates of deposit — 2,243 — 2,243 Other assets: Certificates of deposit $ — $ 4,353 $ — $ 4,353 December 31, 2022 Level 1 Level 2 Level 3 Total Cash equivalents: Money market funds $ 1,017,191 $ — $ — $ 1,017,191 Commercial paper — 111,975 — 111,975 Corporate bonds — 1,542 — 1,542 U.S. treasury securities 5,990 — — 5,990 Marketable securities: Corporate bonds — 363,075 — 363,075 Commercial paper — 241,192 — 241,192 U.S. treasury securities 242,916 — — 242,916 Certificates of deposit — 158,246 — 158,246 Municipal securities — 27,449 — 27,449 Non-U.S. government and supranational bonds — 22,599 — 22,599 U.S. agency bonds — 31,687 — 31,687 Prepaid expenses and other current assets: Certificates of deposit — 1,067 — 1,067 Other assets: Certificates of deposit $ — $ 5,530 $ — $ 5,530 We classify our marketable securities within Level 1 or Level 2 because we determine their fair values using quoted market prices or alternative pricing sources and models utilizing market observable inputs. Gross unrealized gains and losses on our marketable securities were immaterial in the aggregate as of March 31, 2023 and December 31, 2022. We evaluated all available evidence and did not recognize any allowance for credit losses for our marketable securities as of March 31, 2023 and December 31, 2022. The fair value of our marketable securities by contractual maturity is as follows (in thousands): March 31, 2023 Due in one year or less $ 832,351 Due after one to five years 246,136 Total $ 1,078,487 Net realized gains and losses from sales of available-for-sale securities were not material for any period presented.

Commitments and Contingencies

Commitments and Contingencies	3 Months Ended
	Mar. 31, 2023
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies Purchase Commitments In April 2021, we entered into a private pricing addendum with Amazon Web Services (“AWS”), which governs our use of cloud computing infrastructure provided by AWS. Under the pricing addendum, we are required to purchase at least $3,250.0 million of cloud services from AWS through April 2029. If we fail to do so, we are required to pay the difference between the amount we spend and the required commitment amount. As of March 31, 2023, our remaining contractual commitment is $2,205.1 million. We expect to meet our remaining commitment. Legal Matters We are involved in various lawsuits, claims and proceedings that arise in the ordinary course of business. While the results of legal matters are inherently uncertain, we do not believe there is a reasonable possibility that the ultimate resolution of these matters, either individually or in aggregate, will have a material adverse effect on our business, financial position, results of operations or cash flows.

Stockholders' Equity

Stockholders' Equity	3 Months Ended
	Mar. 31, 2023
Share-Based Payment Arrangement [Abstract]
Stockholders' Equity	Stockholders' Equity Equity Incentive Plan In June 2009, our board of directors adopted and approved our 2009 Stock Plan (the "2009 Plan"), which provides for the issuance of stock options, Restricted Stock Awards ("RSAs") and Restricted Stock Units ("RSUs") to qualified employees, directors and consultants. Stock options granted under our 2009 Plan have a maximum life of 10 years and an exercise price not less than 100% of the fair market value of our common stock on the date of grant. RSUs granted under our 2009 Plan have a maximum life of seven years. No shares of our common stock were reserved for future issuance under our 2009 Plan as of March 31, 2023. Our 2019 Omnibus Incentive Plan ("2019 Plan") became effective upon closing of our initial public offering and succeeds our 2009 Plan. Our 2019 Plan provides for the issuance of stock options, RSAs, RSUs and other equity- or cash-based awards to qualified employees, directors and consultants. Stock options granted under our 2019 Plan have a maximum life of 10 years and an exercise price not less than 100% of the fair market value of our common stock on the date of grant. 155,707,979 shares of our Class A common stock were reserved for future issuance under our 2019 Plan as of March 31, 2023. The number of shares of our Class A common stock available for issuance under the 2019 Plan will be increased by the number of shares of our Class B common stock subject to awards outstanding under our 2009 Plan that would, but for the terms of the 2019 Plan, have returned to the share reserves of the 2009 Plan pursuant to the terms of such awards, including as the result of forfeiture, repurchase, expiration or retention by us in order to satisfy an award’s exercise price or tax withholding obligations. In addition, the number of shares of our Class A common stock reserved for issuance under our 2019 Plan will automatically increase on the first day of each fiscal year through and including January 1, 2029, in an amount equal to 5% of the total number of shares of our Class A common stock and our Class B common stock outstanding on the last day of the calendar month before the date of each automatic increase, or a lesser number of shares determined by our board of directors. Stock Option Activity Stock option activity during the three months ended March 31, 2023, was as follows (in thousands, except per share amounts): Stock Options Outstanding Shares Weighted-Average Exercise Price Weighted-Average Remaining Contractual Term Aggregate Intrinsic Value (1) (in years) Outstanding as of December 31, 2022 15,799 $ 13.25 6.1 $ 174,165 Exercised (950) 2.53 Outstanding as of March 31, 2023 14,849 $ 13.94 6.2 $ 197,901 Exercisable as of March 31, 2023 7,154 $ 7.40 2.9 $ 142,150 (1) We calculate intrinsic value based on the difference between the exercise price of in-the-money-stock options and the fair value of our common stock as of the respective balance sheet date. The total grant-date fair value of stock options vested during the three months ended March 31, 2023 and 2022, was $7.1 million and $0.8 million, respectively. The aggregate intrinsic value of stock options exercised during the three months ended March 31, 2023 and 2022 was $22.5 million and $9.5 million, respectively. Restricted Stock Unit and Restricted Stock Award Activity RSU and RSA activity during the three months ended March 31, 2023, was as follows (in thousands, except per share amounts): Restricted Stock Units and Restricted Stock Awards Outstanding Shares Weighted Average Grant Date Fair Value Outstanding as of December 31, 2022 54,518 $ 25.46 Granted 2,747 25.70 Released (7,629) 24.08 Forfeited (3,450) 23.21 Outstanding as of March 31, 2023 46,186 $ 25.88 Share-Based Compensation Share-based compensation expense during the three months ended March 31, 2023 and 2022, was as follows (in thousands): Three Months Ended 2023 2022 Cost of revenue $ 2,309 $ 1,194 Research and development 94,265 52,890 Sales and marketing 19,189 11,769 General and administrative 27,359 7,387 Total share-based compensation $ 143,122 $ 73,240 As of March 31, 2023, we had $1,153.5 million of unrecognized share-based compensation expense, which we expect to recognize over a weighted-average period of 2.7 years. Stock Repurchase On February 2, 2023, our board of directors authorized a stock repurchase program of up to $500.0 million of our Class A common stock over the next 12 months. Under the stock repurchase program, we are authorized to repurchase, from time-to-time, shares of our Class A common stock through open market purchases, in privately negotiated transactions or in other such manner as permitted by securities law and as determined by management at such time and in such amounts as management may decide. The program does not obligate us to repurchase any specific number of shares and may be modified, suspended or discontinued at any time. During the three months ended March 31, 2023, we repurchased and retired 2,769,740 shares of our Class A common stock for an aggregate purchase price of $71.6 million. As of March 31, 2023, $428.4 million remains available for repurchases under the stock repurchase plan.

Net Loss Per Share

Net Loss Per Share	3 Months Ended
	Mar. 31, 2023
Earnings Per Share [Abstract]
Net Loss Per Share	Net Loss Per Share We present net loss per share using the two-class method required for multiple classes of common stock. Holders of our Class A and Class B common stock have identical rights except with respect to voting, conversion and transfer rights and therefore share equally in our net income or losses. We calculate basic net loss per share by dividing net loss by the weighted-average number of shares of common stock outstanding during the period. Diluted net loss per share gives effect to all potential shares of common stock, including stock options, RSAs and RSUs to the extent these are dilutive. We calculated basic and diluted net loss per share as follows (in thousands, except per share amounts): Three Months Ended March 31, 2023 2022 Class A Class B Class A Class B Numerator: Net loss $ (181,226) $ (27,353) $ (4,568) $ (713) Denominator: Weighted-average shares used in computing net loss per share, basic and diluted 591,815 89,325 568,238 88,661 Net loss per share, basic and diluted $ (0.31) $ (0.31) $ (0.01) $ (0.01) Basic net loss per share is the same as diluted net loss per share because we reported net losses for all periods presented. We excluded the following weighted-average potential shares of common stock from our calculation of diluted net loss per share because these would be anti-dilutive (in thousands): Three Months Ended 2023 2022 Outstanding stock options 15,225 15,929 Unvested restricted stock units and restricted stock awards 53,246 34,693 Total 68,471 50,622

Income Taxes

Income Taxes	3 Months Ended
	Mar. 31, 2023
Income Tax Disclosure [Abstract]
Income Taxes	Income TaxesWe determine our income tax provision for interim periods using an estimate of our annual effective tax rate adjusted for discrete items occurring during the periods presented. The primary difference between our effective tax rate and the federal statutory rate is the full valuation allowance we have established on our federal, state and foreign net operating losses and credits. Income taxes are not material for the three months ended March 31, 2023 and 2022. We are subject to taxation in the U.S. and various other state and foreign jurisdictions. As we have net operating loss carryforwards for U.S. federal and state jurisdictions, the statute of limitations is open for all tax years. For material foreign jurisdictions, the tax years open to examination include the years 2018 and forward.

Geographical Information

Geographical Information	3 Months Ended
	Mar. 31, 2023
Segment Reporting [Abstract]
Geographical Information	Geographical Information Revenue disaggregated by geography based on our customers’ billing addresses was as follows (in thousands): Three Months Ended 2023 2022 U.S. and Canada (1) $ 471,821 $ 462,073 Europe (2) 97,388 88,897 Rest of World 33,372 23,915 Total revenue $ 602,581 $ 574,885 (1) United States revenue was $449.0 million and $440.9 million for the three months ended March 31, 2023 and 2022, respectively. No individual country other than the United States exceeded 10% of our total revenue for any period presented. (2) Europe includes Russia and Turkey. Property and equipment, net and operating lease right-of-use assets by geography is as follows (in thousands): March 31, December 31, 2023 2022 United States $ 75,741 $ 205,374 Mexico 14,000 11,627 Canada 13,649 14,589 International (1) 24,488 34,238 Total property and equipment, net and operating lease right-of-use assets $ 127,878 $ 265,828 (1) Other than the United States, Mexico and Canada, no other country exceeded 10% of our total property and equipment, net and operating lease right-of-use assets for any period presented.

Restructuring

Restructuring	3 Months Ended
	Mar. 31, 2023
Restructuring and Related Activities [Abstract]
Restructuring	Restructuring In March 2023, we initiated a restructuring plan intended to support our corporate strategy, improve efficiency and position our business in light of the ongoing macroeconomic environment (the “Plan”). As part of the Plan, we commenced a workforce reduction of approximately 4%. We also ceased occupying and plan to sublease our former headquarters at 505 Brannan Street in San Francisco and abandoned certain other leased office spaces in order to adjust our office space footprint to better align with the needs of our flexible work model. As a result, we recorded impairment and abandonment charges for the related operating lease right-of-use assets and leasehold improvements. Restructuring charges during the three months ended March 31, 2023 were as follows (in thousands): Office Space Reductions (1) Severance and Other Personnel Costs Total Cost of revenue $ — $ — $ — Research and development — 4,093 4,093 Sales and marketing — 2,677 2,677 General and administrative 112,934 1,617 114,551 Total $ 112,934 $ 8,387 $ 121,321 (1) Office space reductions are non-cash and include impairment charges and accelerated expense related to operating lease right-of-use assets and leasehold improvements. We estimated the fair value of the impaired assets using a discounted cash flow model based on market participant assumptions. Liabilities and remaining charges under the Plan are immaterial as of March 31, 2023.

Description of Business and S_2

Description of Business and Summary of Significant Accounting Policies (Policies)	3 Months Ended
	Mar. 31, 2023
Accounting Policies [Abstract]
Basis of Presentation	We prepared the accompanying condensed consolidated financial statements in accordance with generally accepted accounting principles in the United States ("GAAP").
Consolidation	We have eliminated all intercompany balances and transactions.
Reclassifications	Reclassifications We have reclassified certain amounts in prior periods to conform with current presentation.
Use of Estimates	Use of Estimates Preparing our condensed consolidated financial statements in conformity with GAAP requires us to make estimates and judgments that affect amounts reported in the condensed consolidated financial statements and accompanying notes. We base these estimates and judgments on historical experience and various other assumptions that we consider reasonable. GAAP requires us to make estimates and assumptions in several areas, including the fair values of financial instruments, leases, assets acquired and liabilities assumed through business combinations, share-based awards, and contingencies as well as the collectability of our accounts receivable, the useful lives of our intangible assets and property and equipment, the incremental borrowing rate we use to determine our operating lease liabilities, and revenue recognition, among others. Actual results could differ materially from these estimates and judgments.
Net Loss Per Share Attributable to Common Stockholders	We present net loss per share using the two-class method required for multiple classes of common stock. Holders of our Class A and Class B common stock have identical rights except with respect to voting, conversion and transfer rights and therefore share equally in our net income or losses. We calculate basic net loss per share by dividing net loss by the weighted-average number of shares of common stock outstanding during the period.

Fair Value of Financial Instr_2

Fair Value of Financial Instruments (Tables)	3 Months Ended
	Mar. 31, 2023
Fair Value Disclosures [Abstract]
Fair Values of Financial Instruments Measured on a Recurring Basis	The fair values of the financial instruments we measure at fair value on a recurring basis are as follows (in thousands): March 31, 2023 Level 1 Level 2 Level 3 Total Cash equivalents: Money market funds $ 1,030,090 $ — $ — $ 1,030,090 Commercial paper — 118,750 — 118,750 U.S. treasury securities 20,913 — — 20,913 Marketable securities: Corporate bonds — 341,916 — 341,916 U.S. treasury securities 245,590 — — 245,590 Commercial paper — 200,643 — 200,643 Certificates of deposit — 169,524 — 169,524 Non-U.S. government and supranational bonds — 25,306 — 25,306 Municipal securities — 19,832 — 19,832 U.S. agency bonds — 75,676 — 75,676 Prepaid expenses and other current assets: Certificates of deposit — 2,243 — 2,243 Other assets: Certificates of deposit $ — $ 4,353 $ — $ 4,353 December 31, 2022 Level 1 Level 2 Level 3 Total Cash equivalents: Money market funds $ 1,017,191 $ — $ — $ 1,017,191 Commercial paper — 111,975 — 111,975 Corporate bonds — 1,542 — 1,542 U.S. treasury securities 5,990 — — 5,990 Marketable securities: Corporate bonds — 363,075 — 363,075 Commercial paper — 241,192 — 241,192 U.S. treasury securities 242,916 — — 242,916 Certificates of deposit — 158,246 — 158,246 Municipal securities — 27,449 — 27,449 Non-U.S. government and supranational bonds — 22,599 — 22,599 U.S. agency bonds — 31,687 — 31,687 Prepaid expenses and other current assets: Certificates of deposit — 1,067 — 1,067 Other assets: Certificates of deposit $ — $ 5,530 $ — $ 5,530
Fair Value of Marketable Securities by Contractual Maturity	The fair value of our marketable securities by contractual maturity is as follows (in thousands): March 31, 2023 Due in one year or less $ 832,351 Due after one to five years 246,136 Total $ 1,078,487

Stockholders' Equity (Tables)

Stockholders' Equity (Tables)	3 Months Ended
	Mar. 31, 2023
Share-Based Payment Arrangement [Abstract]
Stock Option Activity	Stock option activity during the three months ended March 31, 2023, was as follows (in thousands, except per share amounts): Stock Options Outstanding Shares Weighted-Average Exercise Price Weighted-Average Remaining Contractual Term Aggregate Intrinsic Value (1) (in years) Outstanding as of December 31, 2022 15,799 $ 13.25 6.1 $ 174,165 Exercised (950) 2.53 Outstanding as of March 31, 2023 14,849 $ 13.94 6.2 $ 197,901 Exercisable as of March 31, 2023 7,154 $ 7.40 2.9 $ 142,150 (1) We calculate intrinsic value based on the difference between the exercise price of in-the-money-stock options and the fair value of our common stock as of the respective balance sheet date.
Restricted Stock Unit Activity	RSU and RSA activity during the three months ended March 31, 2023, was as follows (in thousands, except per share amounts): Restricted Stock Units and Restricted Stock Awards Outstanding Shares Weighted Average Grant Date Fair Value Outstanding as of December 31, 2022 54,518 $ 25.46 Granted 2,747 25.70 Released (7,629) 24.08 Forfeited (3,450) 23.21 Outstanding as of March 31, 2023 46,186 $ 25.88
Share-Based Compensation Expense	Share-based compensation expense during the three months ended March 31, 2023 and 2022, was as follows (in thousands): Three Months Ended 2023 2022 Cost of revenue $ 2,309 $ 1,194 Research and development 94,265 52,890 Sales and marketing 19,189 11,769 General and administrative 27,359 7,387 Total share-based compensation $ 143,122 $ 73,240

Net Loss Per Share (Tables)

Net Loss Per Share (Tables)	3 Months Ended
	Mar. 31, 2023
Earnings Per Share [Abstract]
Calculation of Basic and Diluted Net Income (Loss) Per Share	We calculated basic and diluted net loss per share as follows (in thousands, except per share amounts): Three Months Ended March 31, 2023 2022 Class A Class B Class A Class B Numerator: Net loss $ (181,226) $ (27,353) $ (4,568) $ (713) Denominator: Weighted-average shares used in computing net loss per share, basic and diluted 591,815 89,325 568,238 88,661 Net loss per share, basic and diluted $ (0.31) $ (0.31) $ (0.01) $ (0.01)
Weighted-Average Anti-Dilutive Shares of Common Stock Excluded from the Calculation of Diluted Net Loss Per Share	Basic net loss per share is the same as diluted net loss per share because we reported net losses for all periods presented. We excluded the following weighted-average potential shares of common stock from our calculation of diluted net loss per share because these would be anti-dilutive (in thousands): Three Months Ended 2023 2022 Outstanding stock options 15,225 15,929 Unvested restricted stock units and restricted stock awards 53,246 34,693 Total 68,471 50,622

Geographical Information (Table

Geographical Information (Tables)	3 Months Ended
	Mar. 31, 2023
Segment Reporting [Abstract]
Revenue Disaggregated by Geography	Revenue disaggregated by geography based on our customers’ billing addresses was as follows (in thousands): Three Months Ended 2023 2022 U.S. and Canada (1) $ 471,821 $ 462,073 Europe (2) 97,388 88,897 Rest of World 33,372 23,915 Total revenue $ 602,581 $ 574,885 (1) United States revenue was $449.0 million and $440.9 million for the three months ended March 31, 2023 and 2022, respectively. No individual country other than the United States exceeded 10% of our total revenue for any period presented. (2) Europe includes Russia and Turkey.
Property and Equipment, Net and Operating Lease Right-of-Use Assets by Geography	Property and equipment, net and operating lease right-of-use assets by geography is as follows (in thousands): March 31, December 31, 2023 2022 United States $ 75,741 $ 205,374 Mexico 14,000 11,627 Canada 13,649 14,589 International (1) 24,488 34,238 Total property and equipment, net and operating lease right-of-use assets $ 127,878 $ 265,828 (1) Other than the United States, Mexico and Canada, no other country exceeded 10% of our total property and equipment, net and operating lease right-of-use assets for any period presented.

Restructuring (Tables)

Restructuring (Tables)	3 Months Ended
	Mar. 31, 2023
Restructuring and Related Activities [Abstract]
Summary of Restructuring Charges	Restructuring charges during the three months ended March 31, 2023 were as follows (in thousands): Office Space Reductions (1) Severance and Other Personnel Costs Total Cost of revenue $ — $ — $ — Research and development — 4,093 4,093 Sales and marketing — 2,677 2,677 General and administrative 112,934 1,617 114,551 Total $ 112,934 $ 8,387 $ 121,321 (1) Office space reductions are non-cash and include impairment charges and accelerated expense related to operating lease right-of-use assets and leasehold improvements. We estimated the fair value of the impaired assets using a discounted cash flow model based on market participant assumptions.

Fair Value of Financial Instr_3

Fair Value of Financial Instruments - Fair Values of Financial Instruments Measured on a Recurring Basis (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Marketable securities	$ 1,078,487
Recurring | Corporate bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Marketable securities	341,916	$ 363,075
Recurring | U.S. treasury securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Marketable securities	245,590	242,916
Recurring | Commercial paper
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Marketable securities	200,643	241,192
Recurring | Certificates of deposit
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Marketable securities	169,524	158,246
Prepaid expenses and other current assets	2,243	1,067
Other assets	4,353	5,530
Recurring | Non-U.S. government and supranational bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Marketable securities	25,306	22,599
Recurring | Municipal securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Marketable securities	19,832	27,449
Recurring | U.S. agency bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Marketable securities	75,676	31,687
Level 1 | Recurring | Corporate bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Marketable securities	0	0
Level 1 | Recurring | U.S. treasury securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Marketable securities	245,590	242,916
Level 1 | Recurring | Commercial paper
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Marketable securities	0	0
Level 1 | Recurring | Certificates of deposit
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Marketable securities	0	0
Prepaid expenses and other current assets	0	0
Other assets	0	0
Level 1 | Recurring | Non-U.S. government and supranational bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Marketable securities	0	0
Level 1 | Recurring | Municipal securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Marketable securities	0	0
Level 1 | Recurring | U.S. agency bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Marketable securities	0	0
Level 2 | Recurring | Corporate bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Marketable securities	341,916	363,075
Level 2 | Recurring | U.S. treasury securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Marketable securities	0	0
Level 2 | Recurring | Commercial paper
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Marketable securities	200,643	241,192
Level 2 | Recurring | Certificates of deposit
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Marketable securities	169,524	158,246
Prepaid expenses and other current assets	2,243	1,067
Other assets	4,353	5,530
Level 2 | Recurring | Non-U.S. government and supranational bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Marketable securities	25,306	22,599
Level 2 | Recurring | Municipal securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Marketable securities	19,832	27,449
Level 2 | Recurring | U.S. agency bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Marketable securities	75,676	31,687
Level 3 | Recurring | Corporate bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Marketable securities	0	0
Level 3 | Recurring | U.S. treasury securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Marketable securities	0	0
Level 3 | Recurring | Commercial paper
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Marketable securities	0	0
Level 3 | Recurring | Certificates of deposit
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Marketable securities	0	0
Prepaid expenses and other current assets	0	0
Other assets	0	0
Level 3 | Recurring | Non-U.S. government and supranational bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Marketable securities	0	0
Level 3 | Recurring | Municipal securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Marketable securities	0	0
Level 3 | Recurring | U.S. agency bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Marketable securities	0	0
Money market funds | Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents	1,030,090	1,017,191
Money market funds | Level 1 | Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents	1,030,090	1,017,191
Money market funds | Level 2 | Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents	0	0
Money market funds | Level 3 | Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents	0	0
Commercial paper | Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents	118,750	111,975
Commercial paper | Level 1 | Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents	0	0
Commercial paper | Level 2 | Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents	118,750	111,975
Commercial paper | Level 3 | Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents	0	0
Corporate bonds | Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents		1,542
Corporate bonds | Level 1 | Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents		0
Corporate bonds | Level 2 | Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents		1,542
Corporate bonds | Level 3 | Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents		0
U.S. treasury securities | Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents	20,913	5,990
U.S. treasury securities | Level 1 | Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents	20,913	5,990
U.S. treasury securities | Level 2 | Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents	0	0
U.S. treasury securities | Level 3 | Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents	$ 0	$ 0

Fair Value of Financial Instr_4

Fair Value of Financial Instruments - Fair Value of Marketable Securities by Contractual Maturity (Details) $ in Thousands	Mar. 31, 2023 USD ($)
Cash and Cash Equivalents [Abstract]
Due in one year or less	$ 832,351
Due after one to five years	246,136
Total	$ 1,078,487

Commitments and Contingencies (

Commitments and Contingencies (Details) - USD ($) $ in Millions	Mar. 31, 2023	Apr. 30, 2021
Commitments and Contingencies Disclosure [Abstract]
Minimum required purchases	$ 2,205.1	$ 3,250

Stockholders' Equity - Narrativ

Stockholders' Equity - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022	Feb. 02, 2023
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Grant-date fair value of stock options vested	$ 7,100	$ 800
Aggregate intrinsic value of stock options exercised	22,500	$ 9,500
Unrecognized share-based compensation expense	$ 1,153,500
Weighted-average recognition period for unrecognized share-based compensation expense	2 years 8 months 12 days
Authorized share repurchase amount			$ 500,000
Repurchases of Class A common stock (in shares)	2,769,740
Repurchases of Class A common stock	$ 71,637
Stock remaining available for repurchases	$ 428,400
2009 Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares reserved for issuance (in shares)	0
2019 Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Percentage of outstanding shares, additional reserve	5%
2019 Plan | Class A
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares reserved for issuance (in shares)	155,707,979
Stock Options | 2009 Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expiration period	10 years
Stock Options | 2019 Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expiration period	10 years
RSUs | 2009 Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expiration period	7 years

Stockholders' Equity - Stock Op

Stockholders' Equity - Stock Option Activity (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2023	Dec. 31, 2022
Shares
Beginning balance (in shares)	15,799
Exercised (in shares)	(950)
Ending balance (in shares)	14,849	15,799
Exercisable (in shares)	7,154
Weighted-Average Exercise Price
Beginning balance (in dollars per share)	$ 13.25
Exercised (in dollars per share)	2.53
Ending balance (in dollars per share)	13.94	$ 13.25
Exercisable (in dollars per share)	$ 7.40
Weighted-Average Remaining Contractual Term, Outstanding	6 years 2 months 12 days	6 years 1 month 6 days
Weighted-Average Remaining Contractual Term, Exercisable	2 years 10 months 24 days
Aggregate Intrinsic Value, Outstanding	$ 197,901	$ 174,165
Aggregate Intrinsic Value, Exercisable	$ 142,150

Stockholders' Equity - Restrict

Stockholders' Equity - Restricted Stock Unit Activity (Details) - Restricted Stock Units and Restricted Stock Awards Outstanding shares in Thousands	3 Months Ended
	Mar. 31, 2023 $ / shares shares
Shares
Beginning balance (in shares) | shares	54,518
Granted (in shares) | shares	2,747
Released (in shares) | shares	(7,629)
Forfeited (in shares) | shares	(3,450)
Ending balance (in shares) | shares	46,186
Weighted Average Grant Date Fair Value
Beginning balance (in dollars per share) | $ / shares	$ 25.46
Granted (in dollars per share) | $ / shares	25.70
Released (in dollars per share) | $ / shares	24.08
Forfeited (in dollars per share) | $ / shares	23.21
Ending balance (in dollars per share) | $ / shares	$ 25.88

Stockholders' Equity - Share-ba

Stockholders' Equity - Share-based Compensation Expense (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Share based compensation expense	$ 143,122	$ 73,240
Cost of revenue
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Share based compensation expense	2,309	1,194
Research and development
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Share based compensation expense	94,265	52,890
Sales and marketing
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Share based compensation expense	19,189	11,769
General and administrative
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Share based compensation expense	$ 27,359	$ 7,387

Net Loss Per Share - Calculatio

Net Loss Per Share - Calculation of Basic and Diluted Net Loss Per Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Denominator:
Weighted-average shares used in computing net loss per share, basic (in shares)	681,140	656,899
Weighted-average shares used in computing net loss per share, diluted (in shares)	681,140	656,899
Basic net loss per share (in dollars per share)	$ (0.31)	$ (0.01)
Diluted net loss per share (in dollars per share)	$ (0.31)	$ (0.01)
Class A
Numerator:
Net loss, basic	$ (181,226)	$ (4,568)
Net loss, diluted	$ (181,226)	$ (4,568)
Denominator:
Weighted-average shares used in computing net loss per share, basic (in shares)	591,815	568,238
Weighted-average shares used in computing net loss per share, diluted (in shares)	591,815	568,238
Basic net loss per share (in dollars per share)	$ (0.31)	$ (0.01)
Diluted net loss per share (in dollars per share)	$ (0.31)	$ (0.01)
Class B
Numerator:
Net loss, basic	$ (27,353)	$ (713)
Net loss, diluted	$ (27,353)	$ (713)
Denominator:
Weighted-average shares used in computing net loss per share, basic (in shares)	89,325	88,661
Weighted-average shares used in computing net loss per share, diluted (in shares)	89,325	88,661
Basic net loss per share (in dollars per share)	$ (0.31)	$ (0.01)
Diluted net loss per share (in dollars per share)	$ (0.31)	$ (0.01)

Net Loss Per Share - Weighted-A

Net Loss Per Share - Weighted-Average Anti-Dilutive Shares of Common Stock Excluded from the Calculation of Diluted Net Loss Per Share (Details) - shares shares in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Weighted-average anti-dilutive shares of common stock (in shares)	68,471	50,622
Outstanding stock options
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Weighted-average anti-dilutive shares of common stock (in shares)	15,225	15,929
Unvested restricted stock units and restricted stock awards
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Weighted-average anti-dilutive shares of common stock (in shares)	53,246	34,693

Geographical Information (Detai

Geographical Information (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022	Dec. 31, 2022
Revenues from External Customers and Long-Lived Assets [Line Items]
Total revenue	$ 602,581	$ 574,885
Total property and equipment, net and operating lease right-of-use assets	127,878		$ 265,828
U.S. and Canada
Revenues from External Customers and Long-Lived Assets [Line Items]
Total revenue	471,821	462,073
Europe
Revenues from External Customers and Long-Lived Assets [Line Items]
Total revenue	97,388	88,897
Rest Of World
Revenues from External Customers and Long-Lived Assets [Line Items]
Total revenue	33,372	23,915
United States
Revenues from External Customers and Long-Lived Assets [Line Items]
Total revenue	449,000	$ 440,900
Total property and equipment, net and operating lease right-of-use assets	75,741		205,374
Mexico
Revenues from External Customers and Long-Lived Assets [Line Items]
Total property and equipment, net and operating lease right-of-use assets	14,000		11,627
Canada
Revenues from External Customers and Long-Lived Assets [Line Items]
Total property and equipment, net and operating lease right-of-use assets	13,649		14,589
International
Revenues from External Customers and Long-Lived Assets [Line Items]
Total property and equipment, net and operating lease right-of-use assets	$ 24,488		$ 34,238

Restructuring - Narrative (Deta

Restructuring - Narrative (Details)	3 Months Ended
	Mar. 31, 2023
Plan | Employee Severance
Restructuring Cost and Reserve [Line Items]
Workforce reduction	4%

Restructuring - Summary of Rest

Restructuring - Summary of Restructuring Charges (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2023 USD ($)
Restructuring Cost and Reserve [Line Items]
Office Space Reductions	$ 112,934
Severance and Other Personnel Costs	8,387
Total	121,321
Cost of revenue
Restructuring Cost and Reserve [Line Items]
Office Space Reductions	0
Severance and Other Personnel Costs	0
Total	0
Research and development
Restructuring Cost and Reserve [Line Items]
Office Space Reductions	0
Severance and Other Personnel Costs	4,093
Total	4,093
General and administrative
Restructuring Cost and Reserve [Line Items]
Office Space Reductions	112,934
Severance and Other Personnel Costs	1,617
Total	114,551
Sales and marketing
Restructuring Cost and Reserve [Line Items]
Office Space Reductions	0
Severance and Other Personnel Costs	2,677
Total	$ 2,677