Pinterest (PINS) 10-Q 1 Aug 23 2023 Q2 Quarterly report Financial data

Cover Page

Cover Page - shares	6 Months Ended
	Jun. 30, 2023	Jul. 26, 2023
Document Information [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jun. 30, 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	Q2
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		581,878,162
Class B Common Stock
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		88,128,222

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Current assets:
Cash and cash equivalents	$ 1,179,852	$ 1,611,063
Marketable securities	1,115,556	1,087,164
Accounts receivable, net of allowances of $12,074 and $12,672 as of June 30, 2023 and December 31, 2022, respectively	544,055	681,532
Prepaid expenses and other current assets	101,680	74,918
Total current assets	2,941,143	3,454,677
Property and equipment, net	28,414	59,575
Operating lease right-of-use assets	93,580	206,253
Goodwill and intangible assets, net	121,142	124,822
Other assets	17,517	17,403
Total assets	3,201,796	3,862,730
Current liabilities:
Accounts payable	64,080	87,920
Accrued expenses and other current liabilities	255,799	292,611
Total current liabilities	319,879	380,531
Operating lease liabilities	163,015	178,694
Other liabilities	25,820	21,851
Total liabilities	508,714	581,076
Commitments and contingencies
Stockholders’ equity:
Class A common stock, $0.00001 par value, 6,666,667 shares authorized, 581,002 and 593,918 shares issued and outstanding as of June 30, 2023 and December 31, 2022, respectively; Class B common stock, $0.00001 par value, 1,333,333 shares authorized, 88,514 and 89,284 shares issued and outstanding as of June 30, 2023 and December 31, 2022, respectively	7	7
Additional paid-in capital	5,059,960	5,407,724
Accumulated other comprehensive loss	(8,706)	(11,419)
Accumulated deficit	(2,358,179)	(2,114,658)
Total stockholders’ equity	2,693,082	3,281,654
Total liabilities and stockholders’ equity	$ 3,201,796	$ 3,862,730

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parenthetical) - USD ($) shares in Thousands, $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Allowances	$ 12,074	$ 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)	581,002	593,918
Common stock, shares outstanding (in shares)	581,002	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)	88,514	89,284
Common stock, shares outstanding (in shares)	88,514	89,284

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Income Statement [Abstract]
Revenue	$ 708,025	$ 665,930	$ 1,310,606	$ 1,240,815
Costs and expenses:
Cost of revenue	168,740	164,896	339,666	310,966
Research and development	269,391	233,508	535,737	429,056
Sales and marketing	243,239	212,037	444,370	385,990
General and administrative	99,898	89,994	307,762	152,973
Total costs and expenses	781,268	700,435	1,627,535	1,278,985
Loss from operations	(73,243)	(34,505)	(316,929)	(38,170)
Interest income (expense), net	24,888	3,365	49,789	4,453
Other income (expense), net	2,180	(9,252)	2,502	(10,828)
Loss before provision for (benefit from) income taxes	(46,175)	(40,392)	(264,638)	(44,545)
Provision for (benefit from) income taxes	(11,233)	2,684	(21,117)	3,812
Net loss	$ (34,942)	$ (43,076)	$ (243,521)	$ (48,357)
Net loss per share, basic (in dollars per share)	$ (0.05)	$ (0.07)	$ (0.36)	$ (0.07)
Net loss per share, diluted (in dollars per share)	$ (0.05)	$ (0.07)	$ (0.36)	$ (0.07)
Weighted-average shares used in computing net loss per share, basic (in shares)	674,280	662,242	677,696	659,585
Weighted-average shares used in computing net loss per share, diluted (in shares)	674,280	662,242	677,696	659,585

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Comprehensive Loss - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Statement of Comprehensive Income [Abstract]
Net loss	$ (34,942)	$ (43,076)	$ (243,521)	$ (48,357)
Other comprehensive income (loss), net of taxes:
Change in unrealized gain (loss) on available-for-sale marketable securities	(1,198)	(2,194)	2,758	(10,038)
Change in foreign currency translation adjustment	(376)	(805)	(45)	(1,039)
Comprehensive loss	$ (36,516)	$ (46,075)	$ (240,808)	$ (59,434)

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Stockholders' Equity - USD ($) shares in Thousands, $ in Thousands	Total	Class A and Class B Common Stock	Additional Paid-In Capital	Accumulated Other Comprehensive Loss	Accumulated Deficit
Beginning balance (in shares) at Dec. 31, 2021		656,872
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, net (in shares)		8,697
Shares repurchased for tax withholdings on release of restricted stock units and restricted stock awards	(37,953)		(37,953)
Issuance of common stock for cash upon exercise of stock options, net (in shares)		4,557
Issuance of common stock for cash upon exercise of stock options, net	4,080		4,080
Share-based compensation	190,653		190,653
Other comprehensive income (loss)	(11,077)			(11,077)
Net loss	(48,357)				(48,357)
Ending balance (in shares) at Jun. 30, 2022		670,126
Ending balance at Jun. 30, 2022	3,136,089	$ 7	5,216,308	(13,258)	(2,066,968)
Beginning balance (in shares) at Mar. 31, 2022		662,254
Beginning balance at Mar. 31, 2022	3,099,660	$ 7	5,133,804	(10,259)	(2,023,892)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Release of restricted stock units and issuance of restricted stock awards, net (in shares)		3,684
Shares repurchased for tax withholdings on release of restricted stock units and restricted stock awards	(37,953)		(37,953)
Issuance of common stock for cash upon exercise of stock options, net (in shares)		4,188
Issuance of common stock for cash upon exercise of stock options, net	3,044		3,044
Share-based compensation	117,413		117,413
Other comprehensive income (loss)	(2,999)			(2,999)
Net loss	(43,076)				(43,076)
Ending balance (in shares) at Jun. 30, 2022		670,126
Ending balance at Jun. 30, 2022	3,136,089	$ 7	5,216,308	(13,258)	(2,066,968)
Beginning balance (in shares) at Dec. 31, 2022		683,202
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, net (in shares)		6,255
Shares repurchased for tax withholdings on release of restricted stock units and restricted stock awards	$ (163,203)		(163,203)
Issuance of common stock for cash upon exercise of stock options, net (in shares)	1,275	1,275
Issuance of common stock for cash upon exercise of stock options, net	$ 3,216		3,216
Repurchases of Class A common stock (in shares)		(21,216)
Repurchases of Class A common stock	(500,529)		(500,529)
Share-based compensation	312,752		312,752
Other comprehensive income (loss)	2,713			2,713
Net loss	(243,521)				(243,521)
Ending balance (in shares) at Jun. 30, 2023		669,516
Ending balance at Jun. 30, 2023	2,693,082	$ 7	5,059,960	(8,706)	(2,358,179)
Beginning balance (in shares) at Mar. 31, 2023		684,157
Beginning balance at Mar. 31, 2023	3,059,739	$ 7	5,390,101	(7,132)	(2,323,237)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Release of restricted stock units and issuance of restricted stock awards, net (in shares)		3,480
Shares repurchased for tax withholdings on release of restricted stock units and restricted stock awards	(71,695)		(71,695)
Issuance of common stock for cash upon exercise of stock options, net (in shares)		325
Issuance of common stock for cash upon exercise of stock options, net	816		816
Repurchases of Class A common stock (in shares)		(18,446)
Repurchases of Class A common stock	(428,892)		(428,892)
Share-based compensation	169,630		169,630
Other comprehensive income (loss)	(1,574)			(1,574)
Net loss	(34,942)				(34,942)
Ending balance (in shares) at Jun. 30, 2023		669,516
Ending balance at Jun. 30, 2023	$ 2,693,082	$ 7	$ 5,059,960	$ (8,706)	$ (2,358,179)

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
Operating activities
Net loss	$ (243,521)	$ (48,357)
Adjustments to reconcile net loss to net cash provided by operating activities:
Depreciation and amortization	11,283	16,355
Share-based compensation	312,752	190,653
Impairment and abandonment charges for leases and leasehold improvements	117,315	0
Other	(4,501)	12,473
Changes in assets and liabilities:
Accounts receivable	136,827	143,877
Prepaid expenses and other assets	(23,048)	(31,057)
Operating lease right-of-use assets	34,595	25,103
Accounts payable	(24,295)	40,557
Accrued expenses and other liabilities	(31,663)	10,605
Operating lease liabilities	(39,568)	(26,752)
Net cash provided by operating activities	246,176	333,457
Investing activities
Purchases of property and equipment and intangible assets	(2,800)	(19,916)
Purchases of marketable securities	(654,349)	(367,806)
Sales of marketable securities	29,271	4,168
Maturities of marketable securities	609,402	393,784
Acquisition of business, net of cash acquired	0	(86,059)
Net cash used in investing activities	(18,476)	(75,829)
Financing activities
Proceeds from exercise of stock options, net	3,216	4,080
Repurchases of Class A common stock	(500,000)	0
Shares repurchased for tax withholdings on release of restricted stock units and restricted stock awards	(163,203)	(37,953)
Net cash used in financing activities	(659,987)	(33,873)
Effect of exchange rate changes on cash, cash equivalents and restricted cash	1,075	(1,947)
Net increase (decrease) in cash, cash equivalents and restricted cash	(431,212)	221,808
Cash, cash equivalents and restricted cash, beginning of period	1,617,660	1,427,064
Cash, cash equivalents and restricted cash, end of period	1,186,448	1,648,872
Supplemental cash flow information
Operating lease right-of-use assets obtained in exchange for operating lease liabilities	$ 13,809	$ 15,899

Condensed Consolidated Statem_5

Condensed Consolidated Statements of Cash Flows (Parenthetical) - USD ($) $ in Thousands	Jun. 30, 2023	Jun. 30, 2022
Reconciliation of cash, cash equivalents and restricted cash to condensed consolidated balance sheets
Cash and cash equivalents	$ 1,179,852	$ 1,641,509
Restricted cash included in prepaid expenses and other current assets	2,243	1,834
Restricted cash included in other assets	4,353	5,529
Total cash, cash equivalents and restricted cash	$ 1,186,448	$ 1,648,872

Description of Business and Sum

Description of Business and Summary of Significant Accounting Policies	6 Months Ended
	Jun. 30, 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	6 Months Ended
	Jun. 30, 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): June 30, 2023 Level 1 Level 2 Level 3 Total Cash equivalents: Money market funds $ 799,282 $ — $ — $ 799,282 Commercial paper — 109,455 — 109,455 Marketable securities: Corporate bonds — 324,087 — 324,087 Commercial paper — 238,974 — 238,974 U.S. treasury securities 206,302 — — 206,302 Certificates of deposit — 188,305 — 188,305 U.S. agency bonds — 123,040 — 123,040 Non-U.S. government and supranational bonds — 19,210 — 19,210 Municipal securities — 15,638 — 15,638 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 June 30, 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 June 30, 2023 and December 31, 2022. The fair value of our marketable securities by contractual maturity is as follows (in thousands): June 30, 2023 Due in one year or less $ 849,183 Due after one to five years 266,373 Total $ 1,115,556 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	6 Months Ended
	Jun. 30, 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 June 30, 2023, our remaining contractual commitment is $2,057.4 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	6 Months Ended
	Jun. 30, 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 June 30, 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. 142,138,182 shares of our Class A common stock were reserved for future issuance under our 2019 Plan as of June 30, 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 six months ended June 30, 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 (1,275) 2.63 Outstanding as of June 30, 2023 14,524 $ 14.18 6.0 $ 190,996 Exercisable as of June 30, 2023 7,433 $ 8.64 3.2 $ 139,004 (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 six months ended June 30, 2023 and 2022, was $14.2 million and $1.6 million, respectively. The aggregate intrinsic value of stock options exercised during the six months ended June 30, 2023 and 2022 was $29.4 million and $83.3 million, respectively. Restricted Stock Unit and Restricted Stock Award Activity RSU and RSA activity during the six months ended June 30, 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 20,358 24.50 Released (14,308) 24.68 Forfeited (4,650) 24.06 Outstanding as of June 30, 2023 55,918 $ 25.43 Share-Based Compensation Share-based compensation expense during the three and six months ended June 30, 2023 and 2022, was as follows (in thousands): Three Months Ended Six Months Ended 2023 2022 2023 2022 Cost of revenue $ 2,740 $ 1,417 $ 5,049 $ 2,611 Research and development 108,580 81,436 202,845 134,326 Sales and marketing 26,398 18,501 45,587 30,270 General and administrative 31,912 16,059 59,271 23,446 Total share-based compensation $ 169,630 $ 117,413 $ 312,752 $ 190,653 As of June 30, 2023, we had $1,380.6 million of unrecognized share-based compensation expense, which we expect to recognize over a weighted-average period of 2.6 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, which we completed in the second quarter of 2023. Under the program, we repurchased and retired 21,215,663 shares of our Class A common stock for an aggregate purchase price of $500.5 million, including $0.5 million excise tax resulting from the Inflation Reduction Act of 2022.

Net Loss Per Share

Net Loss Per Share	6 Months Ended
	Jun. 30, 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 June 30, Six Months Ended June 30, 2023 2022 2023 2022 Class A Class B Class A Class B Class A Class B Class A Class B Numerator: Net loss $ (30,314) $ (4,628) $ (37,288) $ (5,788) $ (211,427) $ (32,094) $ (41,845) $ (6,512) Denominator: Weighted-average shares used in computing net loss per share, basic and diluted 584,978 89,302 573,255 88,987 588,382 89,314 570,760 88,825 Net loss per share, basic and diluted $ (0.05) $ (0.05) $ (0.07) $ (0.07) $ (0.36) $ (0.36) $ (0.07) $ (0.07) 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 Six Months Ended 2023 2022 2023 2022 Outstanding stock options 14,723 15,210 14,973 15,568 Unvested restricted stock units and restricted stock awards 50,521 48,605 52,085 41,709 Total 65,244 63,815 67,058 57,277

Income Taxes

Income Taxes	6 Months Ended
	Jun. 30, 2023
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes We 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. We recorded income tax benefits of $11.2 million and $21.1 million for the three and six months ended June 30, 2023, respectively, and income tax provisions of $2.7 million and $3.8 million for the three and six months ended June 30, 2022, respectively. The income tax benefits recorded for the three and six months ended June 30, 2023 were primarily driven by the pre-tax losses generated during the periods, partially offset by changes in our valuation allowance. The income tax provisions recorded for the three and six months ended June 30, 2022 were primarily driven by the income generated during the periods, partially offset by changes in our valuation allowance. All periods include the effects of the capitalization and amortization of research and development expenses as required by the 2017 Tax Cuts and Jobs Act.

Geographical Information

Geographical Information	6 Months Ended
	Jun. 30, 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 Six Months Ended 2023 2022 2023 2022 U.S. and Canada (1) $ 549,653 $ 530,726 $ 1,021,474 $ 992,799 Europe (2) 118,810 104,751 216,198 193,648 Rest of World 39,561 30,453 72,934 54,368 Total revenue $ 708,025 $ 665,930 $ 1,310,606 $ 1,240,815 (1) United States revenue was $518.5 million and $500.3 million for the three months ended June 30, 2023 and 2022, respectively, and $967.5 million and $941.3 million for the six months ended June 30, 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): June 30, December 31, 2023 2022 United States $ 74,431 $ 205,374 Mexico 13,944 11,627 Canada 12,964 14,589 International (1) 20,655 34,238 Total property and equipment, net and operating lease right-of-use assets $ 121,994 $ 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	6 Months Ended
	Jun. 30, 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 announced 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 and six months ended June 30, 2023 were as follows (in thousands): Three Months Ended June 30, 2023 Office Space Reductions (1) Severance and Other Personnel Costs Total Cost of revenue $ — $ — $ — Research and development — 603 603 Sales and marketing — 72 72 General and administrative 4,381 504 4,886 Total $ 4,381 $ 1,180 $ 5,561 Six Months Ended June 30, 2023 Office Space Reductions (1) Severance and Other Personnel Costs Total Cost of revenue $ — $ — $ — Research and development — 4,696 4,696 Sales and marketing — 2,749 2,749 General and administrative 117,315 2,122 119,437 Total $ 117,315 $ 9,567 $ 126,882 (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 June 30, 2023.

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Pay vs Performance Disclosure
Net loss	$ (34,942)	$ (43,076)	$ (243,521)	$ (48,357)

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended	6 Months Ended
	Jun. 30, 2023 shares	Jun. 30, 2023 shares
Trading Arrangements, by Individual
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false
Wanji Walcott [Member]
Trading Arrangements, by Individual
Name	Wanji Walcott
Title	Chief Legal Officer
Rule 10b5-1 Arrangement Adopted	true
Adoption Date	May 12, 2023
Arrangement Duration	381 days
Christine Deputy [Member]
Trading Arrangements, by Individual
Name	Christine Deputy
Title	Chief People Officer
Rule 10b5-1 Arrangement Adopted	true
Adoption Date	May 17, 2023
Arrangement Duration	303 days
Jeffrey Jordan [Member]
Trading Arrangements, by Individual
Name	Jeffrey Jordan
Title	member of our board of directors
Rule 10b5-1 Arrangement Adopted	true
Adoption Date	May 24, 2023
Arrangement Duration	365 days
Aggregate Available	120,000	120,000
Wanji Walcott Rule Trading Arrangement, Common Stock [Member] | Wanji Walcott [Member]
Trading Arrangements, by Individual
Material Terms of Trading Arrangement		On May 12, 2023, Wanji Walcott, our Chief Legal Officer, adopted a trading plan intended to satisfy Rule 10b5-1(c) under the Securities Exchange Act of 1934, as amended (“Rule 10b5-1(c)”) to sell, between August 16, 2023 and August 31, 2024, (a) up to 14,199 shares of our Class A common stock, and (b) up to 50% of net shares of our Class A common stock to be issued to Ms. Walcott after the satisfaction of applicable taxes applicable following the vesting and settlement of 251,890 RSUs.
Aggregate Available	14,199	14,199
Wanji Walcott Rule Trading Arrangement, Common Stock [Member] | Christine Deputy [Member]
Trading Arrangements, by Individual
Material Terms of Trading Arrangement		On May 17, 2023, Christine Deputy, our Chief People Officer, adopted a trading plan intended to satisfy Rule 10b5-1(c) to sell, between August 21, 2023 and June 19, 2024, (a) up to 135,457 shares of our Class A common stock, and (b) up to the total number of shares of our Class A common stock to be issued to Ms. Deputy after the satisfaction of applicable taxes following the vesting and settlement of 151,041 RSUs.
Wanji Walcott Rule Trading Arrangement, Common Stock [Member] | Jeffrey Jordan [Member]
Trading Arrangements, by Individual
Material Terms of Trading Arrangement		On May 24, 2023, Jeffrey Jordan, a member of our board of directors, adopted a trading plan intended to satisfy Rule 10b5-1(c) on behalf of the Jordan Family Revocable Trust to sell, between October 11, 2023 and October 10, 2024, up to 120,000 shares of our Class A common stock.
Wanji Walcott Rule Trading Arrangement, Restricted Stock Units [Member] | Wanji Walcott [Member]
Trading Arrangements, by Individual
Aggregate Available	251,890	251,890
Christine Deputy Rule Trading Arrangement, Common Stock [Member] | Christine Deputy [Member]
Trading Arrangements, by Individual
Aggregate Available	135,457	135,457
Christine Deputy Rule Trading Arrangement, Restricted Stock Units [Member] | Christine Deputy [Member]
Trading Arrangements, by Individual
Aggregate Available	151,041	151,041

Description of Business and S_2

Description of Business and Summary of Significant Accounting Policies (Policies)	6 Months Ended
	Jun. 30, 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)	6 Months Ended
	Jun. 30, 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): June 30, 2023 Level 1 Level 2 Level 3 Total Cash equivalents: Money market funds $ 799,282 $ — $ — $ 799,282 Commercial paper — 109,455 — 109,455 Marketable securities: Corporate bonds — 324,087 — 324,087 Commercial paper — 238,974 — 238,974 U.S. treasury securities 206,302 — — 206,302 Certificates of deposit — 188,305 — 188,305 U.S. agency bonds — 123,040 — 123,040 Non-U.S. government and supranational bonds — 19,210 — 19,210 Municipal securities — 15,638 — 15,638 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): June 30, 2023 Due in one year or less $ 849,183 Due after one to five years 266,373 Total $ 1,115,556

Stockholders' Equity (Tables)

Stockholders' Equity (Tables)	6 Months Ended
	Jun. 30, 2023
Share-Based Payment Arrangement [Abstract]
Stock Option Activity	Stock option activity during the six months ended June 30, 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 (1,275) 2.63 Outstanding as of June 30, 2023 14,524 $ 14.18 6.0 $ 190,996 Exercisable as of June 30, 2023 7,433 $ 8.64 3.2 $ 139,004 (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 six months ended June 30, 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 20,358 24.50 Released (14,308) 24.68 Forfeited (4,650) 24.06 Outstanding as of June 30, 2023 55,918 $ 25.43
Share-Based Compensation Expense	Share-based compensation expense during the three and six months ended June 30, 2023 and 2022, was as follows (in thousands): Three Months Ended Six Months Ended 2023 2022 2023 2022 Cost of revenue $ 2,740 $ 1,417 $ 5,049 $ 2,611 Research and development 108,580 81,436 202,845 134,326 Sales and marketing 26,398 18,501 45,587 30,270 General and administrative 31,912 16,059 59,271 23,446 Total share-based compensation $ 169,630 $ 117,413 $ 312,752 $ 190,653

Net Loss Per Share (Tables)

Net Loss Per Share (Tables)	6 Months Ended
	Jun. 30, 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 June 30, Six Months Ended June 30, 2023 2022 2023 2022 Class A Class B Class A Class B Class A Class B Class A Class B Numerator: Net loss $ (30,314) $ (4,628) $ (37,288) $ (5,788) $ (211,427) $ (32,094) $ (41,845) $ (6,512) Denominator: Weighted-average shares used in computing net loss per share, basic and diluted 584,978 89,302 573,255 88,987 588,382 89,314 570,760 88,825 Net loss per share, basic and diluted $ (0.05) $ (0.05) $ (0.07) $ (0.07) $ (0.36) $ (0.36) $ (0.07) $ (0.07)
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 Six Months Ended 2023 2022 2023 2022 Outstanding stock options 14,723 15,210 14,973 15,568 Unvested restricted stock units and restricted stock awards 50,521 48,605 52,085 41,709 Total 65,244 63,815 67,058 57,277

Geographical Information (Table

Geographical Information (Tables)	6 Months Ended
	Jun. 30, 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 Six Months Ended 2023 2022 2023 2022 U.S. and Canada (1) $ 549,653 $ 530,726 $ 1,021,474 $ 992,799 Europe (2) 118,810 104,751 216,198 193,648 Rest of World 39,561 30,453 72,934 54,368 Total revenue $ 708,025 $ 665,930 $ 1,310,606 $ 1,240,815 (1) United States revenue was $518.5 million and $500.3 million for the three months ended June 30, 2023 and 2022, respectively, and $967.5 million and $941.3 million for the six months ended June 30, 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): June 30, December 31, 2023 2022 United States $ 74,431 $ 205,374 Mexico 13,944 11,627 Canada 12,964 14,589 International (1) 20,655 34,238 Total property and equipment, net and operating lease right-of-use assets $ 121,994 $ 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)	6 Months Ended
	Jun. 30, 2023
Restructuring and Related Activities [Abstract]
Summary of Restructuring Charges	Restructuring charges during the three and six months ended June 30, 2023 were as follows (in thousands): Three Months Ended June 30, 2023 Office Space Reductions (1) Severance and Other Personnel Costs Total Cost of revenue $ — $ — $ — Research and development — 603 603 Sales and marketing — 72 72 General and administrative 4,381 504 4,886 Total $ 4,381 $ 1,180 $ 5,561 Six Months Ended June 30, 2023 Office Space Reductions (1) Severance and Other Personnel Costs Total Cost of revenue $ — $ — $ — Research and development — 4,696 4,696 Sales and marketing — 2,749 2,749 General and administrative 117,315 2,122 119,437 Total $ 117,315 $ 9,567 $ 126,882 (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	Jun. 30, 2023	Dec. 31, 2022
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Marketable securities	$ 1,115,556
Recurring | Corporate bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Marketable securities	324,087	$ 363,075
Recurring | Commercial paper
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Marketable securities	238,974	241,192
Recurring | U.S. treasury securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Marketable securities	206,302	242,916
Recurring | Certificates of deposit
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Marketable securities	188,305	158,246
Prepaid expenses and other current assets	2,243	1,067
Other assets	4,353	5,530
Recurring | U.S. agency bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Marketable securities	123,040	31,687
Recurring | Non-U.S. government and supranational bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Marketable securities	19,210	22,599
Recurring | Municipal securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Marketable securities	15,638	27,449
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 | Commercial paper
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	206,302	242,916
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 | U.S. agency bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Marketable securities	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 2 | Recurring | Corporate bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Marketable securities	324,087	363,075
Level 2 | Recurring | Commercial paper
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Marketable securities	238,974	241,192
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 | Certificates of deposit
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Marketable securities	188,305	158,246
Prepaid expenses and other current assets	2,243	1,067
Other assets	4,353	5,530
Level 2 | Recurring | U.S. agency bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Marketable securities	123,040	31,687
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	19,210	22,599
Level 2 | Recurring | Municipal securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Marketable securities	15,638	27,449
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 | Commercial paper
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 | 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 | U.S. agency bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Marketable securities	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
Money market funds | Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents	799,282	1,017,191
Money market funds | Level 1 | Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents	799,282	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	109,455	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	109,455	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		5,990
U.S. treasury securities | Level 1 | Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents		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
U.S. treasury securities | Level 3 | Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents		$ 0

Fair Value of Financial Instr_4

Fair Value of Financial Instruments - Fair Value of Marketable Securities by Contractual Maturity (Details) $ in Thousands	Jun. 30, 2023 USD ($)
Cash and Cash Equivalents [Abstract]
Due in one year or less	$ 849,183
Due after one to five years	266,373
Total	$ 1,115,556

Commitments and Contingencies (

Commitments and Contingencies (Details) - USD ($) $ in Millions	Jun. 30, 2023	Apr. 30, 2021
Commitments and Contingencies Disclosure [Abstract]
Minimum required purchases	$ 2,057.4	$ 3,250

Stockholders' Equity - Narrativ

Stockholders' Equity - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended	5 Months Ended	6 Months Ended
	Jun. 30, 2023	Jun. 30, 2023	Jun. 30, 2023	Jun. 30, 2022	Feb. 02, 2023
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Grant-date fair value of stock options vested			$ 14,200	$ 1,600
Aggregate intrinsic value of stock options exercised			29,400	$ 83,300
Unrecognized share-based compensation expense	$ 1,380,600	$ 1,380,600	$ 1,380,600
Weighted-average recognition period for unrecognized share-based compensation expense			2 years 7 months 6 days
Authorized share repurchase amount					$ 500,000
Repurchases of Class A common stock (in shares)		21,215,663
Repurchases of Class A common stock	$ 428,892	$ 500,500	$ 500,529
Excise tax		$ 500
2009 Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares reserved for issuance (in shares)	0	0	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)	142,138,182	142,138,182	142,138,182
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) $ / shares in Units, shares in Thousands, $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2023 USD ($) $ / shares shares	Dec. 31, 2022 USD ($) $ / shares shares
Shares
Beginning balance (in shares) | shares	15,799
Exercised (in shares) | shares	(1,275)
Ending balance (in shares) | shares	14,524	15,799
Exercisable (in shares) | shares	7,433
Weighted-Average Exercise Price
Beginning balance (in dollars per share) | $ / shares	$ 13.25
Exercised (in dollars per share) | $ / shares	2.63
Ending balance (in dollars per share) | $ / shares	14.18	$ 13.25
Exercisable (in dollars per share) | $ / shares	$ 8.64
Weighted-Average Remaining Contractual Term, Outstanding	6 years	6 years 1 month 6 days
Weighted-Average Remaining Contractual Term, Exercisable	3 years 2 months 12 days
Aggregate Intrinsic Value, Outstanding | $	$ 190,996	$ 174,165
Aggregate Intrinsic Value, Exercisable | $	$ 139,004

Stockholders' Equity - Restrict

Stockholders' Equity - Restricted Stock Unit Activity (Details) - Restricted Stock Units and Restricted Stock Awards Outstanding shares in Thousands	6 Months Ended
	Jun. 30, 2023 $ / shares shares
Shares
Beginning balance (in shares) | shares	54,518
Granted (in shares) | shares	20,358
Released (in shares) | shares	(14,308)
Forfeited (in shares) | shares	(4,650)
Ending balance (in shares) | shares	55,918
Weighted Average Grant Date Fair Value
Beginning balance (in dollars per share) | $ / shares	$ 25.46
Granted (in dollars per share) | $ / shares	24.50
Released (in dollars per share) | $ / shares	24.68
Forfeited (in dollars per share) | $ / shares	24.06
Ending balance (in dollars per share) | $ / shares	$ 25.43

Stockholders' Equity - Share-ba

Stockholders' Equity - Share-based Compensation Expense (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Share based compensation expense	$ 169,630	$ 117,413	$ 312,752	$ 190,653
Cost of revenue
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Share based compensation expense	2,740	1,417	5,049	2,611
Research and development
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Share based compensation expense	108,580	81,436	202,845	134,326
Sales and marketing
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Share based compensation expense	26,398	18,501	45,587	30,270
General and administrative
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Share based compensation expense	$ 31,912	$ 16,059	$ 59,271	$ 23,446

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		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Denominator:
Weighted-average shares used in computing net loss per share, basic (in shares)	674,280	662,242	677,696	659,585
Weighted-average shares used in computing net loss per share, diluted (in shares)	674,280	662,242	677,696	659,585
Basic net loss per share (in dollars per share)	$ (0.05)	$ (0.07)	$ (0.36)	$ (0.07)
Diluted net loss per share (in dollars per share)	$ (0.05)	$ (0.07)	$ (0.36)	$ (0.07)
Class A
Numerator:
Net loss, basic	$ (30,314)	$ (37,288)	$ (211,427)	$ (41,845)
Net loss, diluted	$ (30,314)	$ (37,288)	$ (211,427)	$ (41,845)
Denominator:
Weighted-average shares used in computing net loss per share, basic (in shares)	584,978	573,255	588,382	570,760
Weighted-average shares used in computing net loss per share, diluted (in shares)	584,978	573,255	588,382	570,760
Basic net loss per share (in dollars per share)	$ (0.05)	$ (0.07)	$ (0.36)	$ (0.07)
Diluted net loss per share (in dollars per share)	$ (0.05)	$ (0.07)	$ (0.36)	$ (0.07)
Class B
Numerator:
Net loss, basic	$ (4,628)	$ (5,788)	$ (32,094)	$ (6,512)
Net loss, diluted	$ (4,628)	$ (5,788)	$ (32,094)	$ (6,512)
Denominator:
Weighted-average shares used in computing net loss per share, basic (in shares)	89,302	88,987	89,314	88,825
Weighted-average shares used in computing net loss per share, diluted (in shares)	89,302	88,987	89,314	88,825
Basic net loss per share (in dollars per share)	$ (0.05)	$ (0.07)	$ (0.36)	$ (0.07)
Diluted net loss per share (in dollars per share)	$ (0.05)	$ (0.07)	$ (0.36)	$ (0.07)

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		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Weighted-average anti-dilutive shares of common stock (in shares)	65,244	63,815	67,058	57,277
Outstanding stock options
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Weighted-average anti-dilutive shares of common stock (in shares)	14,723	15,210	14,973	15,568
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)	50,521	48,605	52,085	41,709

Income Taxes - Narrative (Detai

Income Taxes - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Income Tax Disclosure [Abstract]
Provision for (benefit from) income taxes	$ (11,233)	$ 2,684	$ (21,117)	$ 3,812

Geographical Information (Detai

Geographical Information (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022	Dec. 31, 2022
Revenues from External Customers and Long-Lived Assets [Line Items]
Total revenue	$ 708,025	$ 665,930	$ 1,310,606	$ 1,240,815
Total property and equipment, net and operating lease right-of-use assets	121,994		121,994		$ 265,828
U.S. and Canada
Revenues from External Customers and Long-Lived Assets [Line Items]
Total revenue	549,653	530,726	1,021,474	992,799
Europe
Revenues from External Customers and Long-Lived Assets [Line Items]
Total revenue	118,810	104,751	216,198	193,648
Rest Of World
Revenues from External Customers and Long-Lived Assets [Line Items]
Total revenue	39,561	30,453	72,934	54,368
United States
Revenues from External Customers and Long-Lived Assets [Line Items]
Total revenue	518,500	$ 500,300	967,500	$ 941,300
Total property and equipment, net and operating lease right-of-use assets	74,431		74,431		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	13,944		13,944		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	12,964		12,964		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	$ 20,655		$ 20,655		$ 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) - USD ($) $ in Thousands	3 Months Ended	6 Months Ended
	Jun. 30, 2023	Jun. 30, 2023
Restructuring Cost and Reserve [Line Items]
Office Space Reductions	$ 4,381	$ 117,315
Severance and Other Personnel Costs	1,180	9,567
Total	5,561	126,882
Cost of revenue
Restructuring Cost and Reserve [Line Items]
Office Space Reductions	0	0
Severance and Other Personnel Costs	0	0
Total	0	0
Research and development
Restructuring Cost and Reserve [Line Items]
Office Space Reductions	0	0
Severance and Other Personnel Costs	603	4,696
Total	603	4,696
General and administrative
Restructuring Cost and Reserve [Line Items]
Office Space Reductions	4,381	117,315
Severance and Other Personnel Costs	504	2,122
Total	4,886	119,437
Sales and marketing
Restructuring Cost and Reserve [Line Items]
Office Space Reductions	0	0
Severance and Other Personnel Costs	72	2,749
Total	$ 72	$ 2,749