Snap (SNAP) 10-Q25 Apr 242024 Q1 Quarterly reportFinancial data

Company Profile

Cover Page

Cover Page - shares	3 Months Ended
Cover Page - shares	Mar. 31, 2024	Apr. 23, 2024
Entity Information [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Mar. 31, 2024
Document Transition Report	false
Entity File Number	001-38017
Entity Registrant Name	SNAP INC
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	45-5452795
Entity Address, Address Line One	3000 31st Street
Entity Address, City or Town	Santa Monica
Entity Address, State or Province	CA
Entity Address, Postal Zip Code	90405
City Area Code	(310)
Local Phone Number	399-3339
Title of 12(b) Security	Class A Common Stock, par value $0.00001 per share
Trading Symbol	SNAP
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
Entity Central Index Key	0001564408
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	Q1
Amendment Flag	false
Class A
Entity Information [Line Items]
Entity Common Stock Shares Outstanding		1,386,883,641
Class B
Entity Information [Line Items]
Entity Common Stock Shares Outstanding		22,528,406
Class C
Entity Information [Line Items]
Entity Common Stock Shares Outstanding		231,626,943

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Cash flows from operating activities
Net loss	$ (305,090)	$ (328,674)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:
Depreciation and amortization	41,713	35,220
Stock-based compensation	263,752	314,931
Amortization of debt issuance costs	1,742	1,836
Losses (gains) on debt and equity securities, net	8,968	(10,833)
Other	(16,612)	(10,396)
Change in operating assets and liabilities, net of effect of acquisitions:
Accounts receivable, net of allowance	162,207	288,373
Prepaid expenses and other current assets	(13,629)	(13,204)
Operating lease right-of-use assets	13,575	17,658
Other assets	(5,142)	850
Accounts payable	(34,089)	(36,972)
Accrued expenses and other current liabilities	(18,381)	(90,191)
Operating lease liabilities	(13,930)	(18,550)
Other liabilities	3,268	1,054
Net cash provided by (used in) operating activities	88,352	151,102
Cash flows from investing activities
Purchases of property and equipment	(50,448)	(47,630)
Purchases of strategic investments	0	(4,480)
Purchases of marketable securities	(465,672)	(874,053)
Sales of marketable securities	0	5,351
Maturities of marketable securities	384,928	924,323
Other	9	2,327
Net cash provided by (used in) investing activities	(131,183)	5,838
Cash flows from financing activities
Proceeds from the exercise of stock options	69	29
Repurchases of Class A non-voting common stock	(235,114)	0
Deferred payments for acquisitions	0	(2,028)
Repurchases of convertible notes	(440,706)	0
Net cash provided by (used in) financing activities	(675,751)	(1,999)
Change in cash, cash equivalents, and restricted cash	(718,582)	154,941
Cash, cash equivalents, and restricted cash, beginning of period	1,782,462	1,423,776
Cash, cash equivalents, and restricted cash, end of period	$ 1,063,880	$ 1,578,717

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Income Statement [Abstract]
Revenue	$ 1,194,773	$ 988,608
Costs and expenses:
Cost of revenue	574,749	439,986
Research and development	449,759	455,112
Sales and marketing	276,034	268,433
General and administrative	227,463	190,341
Total costs and expenses	1,528,005	1,353,872
Operating loss	(333,232)	(365,264)
Interest income	39,898	37,948
Interest expense	(4,743)	(5,885)
Other income (expense), net	(81)	11,372
Loss before income taxes	(298,158)	(321,829)
Income tax benefit (expense)	(6,932)	(6,845)
Net loss	$ (305,090)	$ (328,674)
Net loss per share attributable to Class A, Class B, and Class C common stockholders (Note 3):
Basic (in usd per share)	$ (0.19)	$ (0.21)
Diluted (in usd per share)	$ (0.19)	$ (0.21)
Weighted average shares used in computation of net loss per share:
Basic (in shares)	1,647,387	1,581,370
Diluted (in shares)	1,647,387	1,581,370

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income (Loss) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Statement of Comprehensive Income [Abstract]
Net loss	$ (305,090)	$ (328,674)
Other comprehensive income (loss), net of tax
Unrealized gain (loss) on marketable securities, net of tax	(3,604)	9,395
Foreign currency translation	(2,777)	2,915
Net current period other comprehensive income (loss)	(6,381)	12,310
Total comprehensive loss	$ (311,471)	$ (316,364)

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Current assets
Cash and cash equivalents	$ 1,060,393	$ 1,780,400
Marketable securities	1,850,622	1,763,680
Accounts receivable, net of allowance	1,108,357	1,278,176
Prepaid expenses and other current assets	167,385	153,587
Total current assets	4,186,757	4,975,843
Property and equipment, net	426,363	410,326
Operating lease right-of-use assets	511,117	516,862
Intangible assets, net	127,658	146,303
Goodwill	1,691,524	1,691,827
Other assets	223,982	226,597
Total assets	7,167,401	7,967,758
Current liabilities
Accounts payable	246,217	278,961
Operating lease liabilities	36,649	49,321
Accrued expenses and other current liabilities	829,579	805,836
Total current liabilities	1,112,445	1,134,118
Convertible senior notes, net	3,301,466	3,749,400
Operating lease liabilities, noncurrent	553,741	546,279
Other liabilities	68,401	123,849
Total liabilities	5,036,053	5,553,646
Commitments and contingencies (Note 8)
Stockholders’ equity
Additional paid-in capital	14,873,261	14,613,404
Accumulated deficit	(12,266,740)	(11,726,536)
Accumulated other comprehensive income (loss)	750	7,131
Total stockholders’ equity	2,131,348	2,414,112
Total liabilities and stockholders’ equity	7,167,401	7,967,758
Class A Non-voting Common Stock
Stockholders’ equity
Common stock, value	14	14
Treasury stock, at cost. 48,793 and 49,200 shares of Class A non-voting common stock at March 31, 2024 and December 31, 2023, respectively.	(475,939)	(479,903)
Class B Voting Common Stock
Stockholders’ equity
Common stock, value	0	0
Class C Voting Common Stock
Stockholders’ equity
Common stock, value	$ 2	$ 2

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - $ / shares shares in Thousands	Mar. 31, 2024	Dec. 31, 2023
Common stock outstanding (in shares)	1,691,913
Class A Non-voting Common Stock
Common stock par value (in usd per share)	$ 0.00001	$ 0.00001
Common stock authorized (in shares)	3,000,000	3,000,000
Common stock issued (in shares)	1,437,758	1,440,541
Common stock outstanding (in shares)	1,388,965	1,391,341
Treasury stock, shares (in shares)	48,793	49,200
Class B Voting Common Stock
Common stock par value (in usd per share)	$ 0.00001	$ 0.00001
Common stock authorized (in shares)	700,000	700,000
Common stock issued (in shares)	22,528	22,528
Common stock outstanding (in shares)	22,528	22,528
Class C Voting Common Stock
Common stock par value (in usd per share)	$ 0.00001	$ 0.00001
Common stock authorized (in shares)	260,888	260,888
Common stock issued (in shares)	231,627	231,627
Common stock outstanding (in shares)	231,627	231,627

Consolidated Statements of Stoc

Consolidated Statements of Stockholders' Equity - USD ($) shares in Thousands, $ in Thousands	Total	Treasury Stock, Common	Additional Paid-in Capital	Retained Earnings	AOCI Attributable to Parent	Class A Non-voting Common Stock	Class A Non-voting Common Stock Common Stock	Class A Non-voting Common Stock Treasury Stock, Common	Class B	Class B Common Stock	Class B Common Stock Class A Non-Voting Common Stock Conversion From Class B Voting Common Stock	Class C	Class C Common Stock
Common stock, beginning of period (in shares) at Dec. 31, 2022			0	0	0		1,319,930			22,529			231,627
Treasury stock, beginning of period (in shares) at Dec. 31, 2022		51,312
Balance, beginning of period at Dec. 31, 2022		$ (500,514)	$ 13,309,828	$ (10,214,657)	$ (13,974)		$ 13			$ 0			$ 2
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Shares issued in connection with exercise of stock options under stock-based compensation plans (in shares)							3			1
Issuance of Class A non-voting common stock for vesting of restricted stock units and restricted stock awards, net (in shares)							20,745
Conversion of Class B voting common stock to Class A non-voting common stock (in shares)							8				(8)
Reissuances of Class A non-voting common stock for vesting of restricted stock units (in shares)		(370)					370
Reissuances of Class A non-voting common stock for vesting of restricted stock units		$ 3,608	(3,608)
Stock-based compensation expense			314,077
Shares issued in connection with exercise of stock options under stock-based compensation plans			$ 29
Net loss	$ (328,674)			$ (328,674)		$ (275,851)			$ (4,681)			$ (48,142)
Other comprehensive income (loss), net of tax	$ 12,310				$ 12,310
Common stock, end of period (in shares) at Mar. 31, 2023	1,646,147		0	0	0		1,341,056			22,522			231,627
Treasury stock, end of period (in shares) at Mar. 31, 2023		50,942
Balance, end of period at Mar. 31, 2023	$ 2,578,440	$ (496,906)	$ 13,620,326	$ (10,543,331)	$ (1,664)		$ 13			$ 0			$ 2
Common stock, beginning of period (in shares) at Dec. 31, 2023			0	0	0	1,391,341	1,391,341		22,528	22,528		231,627	231,627
Treasury stock, beginning of period (in shares) at Dec. 31, 2023		49,200				49,200
Balance, beginning of period at Dec. 31, 2023	2,414,112	$ (479,903)	$ 14,613,404	$ (11,726,536)	$ 7,131		$ 14			$ 0			$ 2
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Shares issued in connection with exercise of stock options under stock-based compensation plans (in shares)							5
Issuance of Class A non-voting common stock for vesting of restricted stock units and restricted stock awards, net (in shares)							18,232
Repurchases of Class A non-voting common stock (in shares)							(21,020)
Repurchases of Class A non-voting common stock (in shares)		21,020				21,000
Repurchases of Class A non-voting common stock		$ (235,114)				$ (235,100)
Retirement of Class A non-voting common stock (in shares)		(21,020)
Retirement of Class A non-voting common stock		$ 235,114		(235,114)
Reissuances of Class A non-voting common stock for vesting of restricted stock units (in shares)							407	(407)
Reissuances of Class A non-voting common stock for vesting of restricted stock units		$ 3,964	(3,963)
Stock-based compensation expense			263,752
Shares issued in connection with exercise of stock options under stock-based compensation plans			$ 68
Net loss	(305,090)			$ (305,090)		$ (258,022)			$ (4,172)			$ (42,896)
Other comprehensive income (loss), net of tax	$ (6,381)				$ (6,381)
Common stock, end of period (in shares) at Mar. 31, 2024	1,691,913		0	0	0	1,388,965	1,388,965		22,528	22,528		231,627	231,627
Treasury stock, end of period (in shares) at Mar. 31, 2024		48,793				48,793
Balance, end of period at Mar. 31, 2024	$ 2,131,348	$ (475,939)	$ 14,873,261	$ (12,266,740)	$ 750		$ 14			$ 0			$ 2

Description of Business and Sum

Description of Business and Summary of Significant Accounting Policies	3 Months Ended
	Mar. 31, 2024
Accounting Policies [Abstract]
Description of Business and Summary of Significant Accounting Policies	Description of Business and Summary of Significant Accounting Policies Snap Inc. is a technology company. Snap Inc. (“we,” “our,” or “us”), a Delaware corporation, is headquartered in Santa Monica, California. Our flagship product, Snapchat, is a visual messaging application that was created to help people communicate through short videos and images called “Snaps.” Basis of Presentation The accompanying unaudited consolidated financial statements are prepared in accordance with U.S. generally accepted accounting principles (“GAAP”) for interim financial information. Our consolidated financial statements include the accounts of Snap Inc. and our wholly owned subsidiaries. All intercompany transactions and balances have been eliminated in consolidation. Our fiscal year ends on December 31. These unaudited interim consolidated financial statements should be read in conjunction with the consolidated financial statements and related notes included in our Annual Report on Form 10-K for the fiscal year ended December 31, 2023, as filed with the Securities and Exchange Commission (the “SEC”) in February 2024 (the “Annual Report”). In our opinion, the unaudited interim consolidated financial statements include all adjustments of a normal recurring nature necessary for the fair presentation of our financial position, results of operations, and cash flows. The results of operations for the three months ended March 31, 2024 are not necessarily indicative of the results to be expected for the year ending December 31, 2024. There have been no changes to our significant accounting policies described in our Annual Report that have had a material impact on our consolidated financial statements and related notes. Use of Estimates The preparation of our consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts in the consolidated financial statements. Management’s estimates are based on historical information available as of the date of the consolidated financial statements and various other assumptions that we believe are reasonable under the circumstances. Actual results could differ from those estimates. Key estimates relate primarily to determining the fair value of assets and liabilities assumed in business combinations, evaluation of contingencies, uncertain tax positions, and the fair value of strategic investments. On an ongoing basis, management evaluates our estimates compared to historical experience and trends, which form the basis for making judgments about the carrying value of assets and liabilities. Future Stock Split to be Effected in the Form of a Stock Dividend In July 2022, our board of directors determined that it was advisable and in our best interest to approve a stock split to be effected in the form of a special dividend of one share of Class A common stock on each outstanding share of our common stock at a future date (the “Future Stock Split”). In connection with the Future Stock Split, we entered into certain agreements (the “Co-Founder Agreements”) with Evan Spiegel and Robert Murphy, our co-founders, and certain of their respective affiliates requiring them, among other things, to convert shares of Class B common stock and Class C common stock into Class A common stock under certain circumstances. The Future Stock Split will not be declared and paid until the first business day following the date on which the average of the volume weighted average price (the “VWAP”) per share of Class A common stock equals or exceeds $40 per share for 65 consecutive trading days. If this does not occur by July 21, 2032, the Future Stock Split will not be declared and paid, and the Co-Founder Agreements will terminate. In June 2023, in connection with a proposed settlement of a class-action lawsuit, and as amended in December 2023, we agreed to modify the conditions for the Future Stock Split, subject to various conditions, including judicial approval of the settlement. In February 2024, the settlement was approved by the court and the class-action lawsuit was resolved. The Future Stock Split will not be declared and paid until the first business day following the date on which (i) the VWAP per share of Class A common stock equals or exceeds $40 per share for 90 consecutive trading days (the “90-Day VWAP”) and (ii) the ratio of the 90-Day VWAP to $8.70 equals or exceeds the ratio of the average closing price of the S&P 500 Total Return index for the same 90 trading days for which the 90-Day VWAP was calculated to 8,862.85. If this does not occur by July 21, 2032, the Future Stock Split will not be declared and paid, and the Co-Founder Agreements will terminate. No adjustments have been made to share or per share amounts for Class A common stock in the accompanying consolidated financial statements for the effects of the Future Stock Split as these triggering conditions have not been met.

Revenue

Revenue	3 Months Ended
Revenue	Mar. 31, 2024
Revenue from Contract with Customer [Abstract]
Revenue	Revenue We determine revenue recognition by first identifying the contract or contracts with a customer, identifying the performance obligations in the contract, determining the transaction price, allocating the transaction price to the performance obligations in the contract, and recognizing revenue when, or as, we satisfy a performance obligation. Revenue is recognized when control of the promised goods or services is transferred to our customers, in an amount that reflects the consideration we expect to receive in exchange for those goods or services. We determine collectability by performing ongoing credit evaluations and monitoring customer accounts receivable balances. Sales tax, including value added tax, is excluded from reported revenue. We generate substantially all of our revenues by offering various advertising products on Snapchat, which include Snap Ads and AR Ads, referred to as advertising revenue. AR Ads include Sponsored Lenses, which allow users to interact with an advertiser’s brand by enabling branded augmented reality experiences. The substantial majority of advertising revenue is generated from the display of advertisements on Snapchat through contractual agreements that are either based on the number of advertising impressions delivered or on a fixed fee basis over a period of time. Revenue related to agreements based on the number of impressions delivered is recognized when the advertisement is served. Revenue related to fixed fee arrangements is recognized ratably over the service period, typically less than 30 days in duration, and such arrangements do not contain minimum impression guarantees. In arrangements where another party is involved in providing specified services to a customer, we evaluate whether we are the principal or agent. In this evaluation, we consider if we obtain control of the specified goods or services before they are transferred to the customer, as well as other indicators such as the party primarily responsible for fulfillment, inventory risk, and discretion in establishing price. For advertising revenue arrangements where we are not the principal, we recognize revenue on a net basis. For the periods presented, revenue for arrangements where we are the agent was not material. We also generate revenue from subscriptions and sales of hardware products. Sales of hardware products are reported net of allowances for returns. For the periods presented, all such revenue was not material. The following table represents our revenue disaggregated by geography based on the billing address of the customer: Three Months Ended March 31, 2024 2023 (in thousands) North America (1) (2) $ 733,388 $ 632,560 Europe (3) 200,092 155,615 Rest of world 261,293 200,433 Total revenue $ 1,194,773 $ 988,608 (1) North America includes Mexico, the Caribbean, and Central America. (2) United States revenue was $710.8 million and $612.4 million for the three months ended March 31, 2024 and 2023, respectively. (3) Europe includes Russia and Turkey. Effective March 2022, we halted advertising sales to Russian and Belarusian entities. Deferred revenue related to advertising and subscriptions, included in accrued expenses and other current liabilities on our consolidated balance sheets, was $98.4 million and $93.7 million as of March 31, 2024 and December 31, 2023, respectively. We expect a substantial majority of our deferred revenue to be realized in less than one year.

Net Loss per Share

Net Loss per Share	3 Months Ended
Net Loss per Share	Mar. 31, 2024
Earnings Per Share [Abstract]
Net Loss per Share	Net Loss per Share We compute net loss per share using the two-class method required for multiple classes of common stock. We have three classes of authorized common stock for which voting rights differ by class. Basic net loss per share is computed by dividing net loss attributable to each class of stockholders by the weighted-average number of shares of stock outstanding during the period, adjusted for restricted stock awards (“RSAs”) for which the risk of forfeiture has not yet lapsed. For the calculation of diluted net loss per share, net loss per share attributable to common stockholders for basic net loss per share is adjusted by the effect of dilutive securities, including awards under our equity compensation plans. Diluted net loss per share attributable to common stockholders is computed by dividing the resulting net loss attributable to common stockholders by the weighted-average number of fully diluted common shares outstanding. We use the if‑converted method for calculating any potential dilutive effect of the convertible senior notes due in 2025, 2026, 2027, and 2028 (collectively, the “Convertible Notes”) on diluted net loss per share. The Convertible Notes would have a dilutive impact on net income per share when the average market price of Class A common stock for a given period exceeds the respective conversion price of the Convertible Notes. For the periods presented, our potentially dilutive shares relating to stock options, restricted stock units (“RSUs”), RSAs, and Convertible Notes were not included in the computation of diluted net loss per share as the effect of including these shares in the calculation would have been anti-dilutive. The numerators and denominators of the basic and diluted net loss per share computations for our common stock are calculated as follows: Three Months Ended March 31, 2024 2023 (in thousands, except per share data) Class A Class B Class C Class A Class B Class C Numerator: Net loss $ (258,022) $ (4,172) $ (42,896) $ (275,851) $ (4,681) $ (48,142) Net loss attributable to common stockholders $ (258,022) $ (4,172) $ (42,896) $ (275,851) $ (4,681) $ (48,142) Denominator: Basic shares: Weighted-average common shares - Basic 1,393,232 22,528 231,627 1,327,221 22,522 231,627 Diluted shares: Weighted-average common shares - Diluted 1,393,232 22,528 231,627 1,327,221 22,522 231,627 Net loss per share attributable to common stockholders: Basic $ (0.19) $ (0.19) $ (0.19) $ (0.21) $ (0.21) $ (0.21) Diluted $ (0.19) $ (0.19) $ (0.19) $ (0.21) $ (0.21) $ (0.21) The following potentially dilutive shares were excluded from the calculation of diluted net loss per share because their effect would have been anti-dilutive for the periods presented: Three Months Ended March 31, 2024 2023 (in thousands) Stock options 1,580 3,155 Unvested RSUs and RSAs 145,364 128,086 Convertible Notes (if-converted) 69,368 89,379

Stockholders' Equity

Stockholders' Equity	3 Months Ended
Stockholders' Equity	Mar. 31, 2024
Share-Based Payment Arrangement [Abstract]
Stockholders' Equity	Stockholders’ Equity We maintain three share-based employee compensation plans: the 2017 Equity Incentive Plan (the “2017 Plan”), the 2014 Equity Incentive Plan (the “2014 Plan”), and the 2012 Equity Incentive Plan (the “2012 Plan,” and collectively with the 2017 Plan and the 2014 Plan, the “Stock Plans”). The 2017 Plan serves as the successor to the 2014 Plan and 2012 Plan and provides for the grant of incentive stock options to employees, including employees of any parent or subsidiary, and for the grant of nonstatutory stock options, stock appreciation rights, RSAs, RSUs, performance stock awards, performance cash awards, and other forms of stock awards to employees, directors, and consultants, including employees and consultants of our affiliates. Restricted Stock Units and Restricted Stock Awards The following table summarizes the RSU and RSA activity for the three months ended March 31, 2024: Number of Class A Shares Weighted- (in thousands, except per share data) Unvested at December 31, 2023 157,130 $ 12.82 Granted 23,248 $ 13.16 Vested (18,781) $ 15.55 Forfeited (16,233) $ 12.06 Unvested at March 31, 2024 145,364 $ 12.61 All RSUs and RSAs vest on the satisfaction of a service-based condition. Total unrecognized compensation cost related to outstanding RSUs and RSAs was $1.5 billion as of March 31, 2024 and is expected to be recognized over a weighted-average period of 2.0 years. The service condition for RSUs and RSAs is generally satisfied in equal monthly or quarterly installments over three Stock Options The following table summarizes the stock option award activity under the Stock Plans for the three months ended March 31, 2024: Number of Number of Weighted- Weighted- Aggregate Intrinsic Value (1) (in thousands, except per share data) Outstanding at December 31, 2023 1,692 5 $ 14.90 4.41 $ 5,225 Granted — — $ — — $ — Exercised (5) — $ 13.33 — $ — Forfeited (112) — $ 12.47 — $ — Outstanding at March 31, 2024 1,575 5 $ 15.08 4.18 $ 301 (1) The aggregate intrinsic value is calculated as the difference between the exercise price of the underlying stock option awards and the closing market price of our Class A common stock as of March 31, 2024 and December 31, 2023. As of March 31, 2024, there was no unrecognized compensation cost related to stock options granted under the Stock Plans. Stock-Based Compensation Expense Total stock-based compensation expense by function was as follows: Three Months Ended March 31, 2024 2023 (in thousands) Cost of revenue $ 1,815 $ 1,885 Research and development 174,519 219,850 Sales and marketing 54,656 54,939 General and administrative 32,762 38,257 Total $ 263,752 $ 314,931 Stock Repurchases In October 2023, our board of directors authorized a stock repurchase program of up to $500.0 million of our Class A common stock. During the first quarter of 2024, we repurchased and retired 21.0 million shares of our Class A common stock for an aggregate of $235.1 million, including costs associated with the repurchases. As of March 31, 2024, the remaining availability under the stock repurchase authorization was $75.9 million. This program was completed in April 2024.

Business Acquisitions

Business Acquisitions	3 Months Ended
Business Acquisitions	Mar. 31, 2024
Business Combination and Asset Acquisition [Abstract]
Business Acquisitions	Business Acquisitions 2023 Acquisitions For the year ended December 31, 2023, aggregate purchase consideration for business acquisitions was $73.1 million, which primarily consisted of $56.3 million in cash and $12.6 million recorded in other liabilities on our consolidated balance sheet. Of the aggregate purchase consideration, $42.8 million was allocated to goodwill and the remainder primarily to identifiable intangible assets. The acquired assets are expected to enhance our existing platform, technology, and workforce. The goodwill amount represents synergies related to our existing platform expected to be realized from the business acquisitions and assembled workforce. The associated goodwill and intangible assets are not deductible for tax purposes.

Goodwill and Intangible Assets

Goodwill and Intangible Assets	3 Months Ended
Goodwill and Intangible Assets	Mar. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Intangible Assets	Goodwill and Intangible Assets The changes in the carrying amount of goodwill for the three months ended March 31, 2024 were as follows: Goodwill (in thousands) Balance as of December 31, 2023 $ 1,691,827 Goodwill acquired — Foreign currency translation (303) Balance as of March 31, 2024 $ 1,691,524 Intangible assets consisted of the following: As of March 31, 2024 Weighted- Gross Accumulated Net (in thousands, except years) Domain names 2.8 $ 745 $ (563) $ 182 Technology 2.7 315,233 (206,984) 108,249 Patents 8.7 39,373 (20,146) 19,227 Other — 6,000 (6,000) — Total intangible assets $ 361,351 $ (233,693) $ 127,658 As of December 31, 2023 Weighted- Gross Accumulated Net (in thousands, except years) Domain names 3.0 $ 745 $ (546) $ 199 Technology 2.8 323,313 (197,608) 125,705 Patents 8.8 39,373 (19,099) 20,274 Other — 6,000 (5,875) 125 Total intangible assets $ 369,431 $ (223,128) $ 146,303 Amortization of intangible assets was $18.6 million and $17.8 million for the three months ended March 31, 2024 and 2023, respectively. As of March 31, 2024, the estimated intangible asset amortization expense for the next five years and thereafter is as follows: Estimated (in thousands) Remainder of 2024 $ 41,404 2025 41,493 2026 20,279 2027 12,104 2028 4,323 Thereafter 8,055 Total $ 127,658

Long-Term Debt

Long-Term Debt	3 Months Ended
Long-Term Debt	Mar. 31, 2024
Debt Disclosure [Abstract]
Long-Term Debt	Long-Term Debt Convertible Notes 2028 Notes In February 2022, we entered into a purchase agreement for the sale of an aggregate of $1.50 billion principal amount of convertible senior notes due in 2028 (the “2028 Notes”) in a private offering to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”). The net proceeds from the issuance of the 2028 Notes were $1.31 billion, net of debt issuance costs and cash used to purchase the capped call transactions (the “2028 Capped Call Transactions”) discussed below. The debt issuance costs are amortized to interest expense using the effective interest rate method. The 2028 Notes are unsecured and unsubordinated obligations. Interest is payable in cash semi-annually in arrears beginning on September 1, 2022 at a rate of 0.125% per year. The 2028 Notes mature on March 1, 2028 unless repurchased, redeemed, or converted in accordance with their terms prior to such date. The 2028 Notes are convertible into cash, shares of our Class A common stock, or a combination of cash and shares of our Class A common stock, at our election, at an initial conversion rate of 17.7494 shares of Class A common stock per $1,000 principal amount of 2028 Notes, which is equivalent to an initial conversion price of approximately $56.34 per share of our Class A common stock. We may redeem for cash all or any portion of the 2028 Notes, at our option, on or after March 5, 2025 based on certain circumstances. 2027 Notes In April 2021, we entered into a purchase agreement for the sale of an aggregate of $1.15 billion principal amount of convertible senior notes due in 2027 (the “2027 Notes”) in a private offering to qualified institutional buyers pursuant to Rule 144A under the Securities Act. The net proceeds from the issuance of the 2027 Notes were $1.05 billion, net of debt issuance costs and cash used to purchase the capped call transactions (the “2027 Capped Call Transactions”) discussed below. The debt issuance costs are amortized to interest expense using the effective interest rate method. The 2027 Notes are unsecured and unsubordinated obligations which do not bear regular interest and for which the principal balance will not accrete. The 2027 Notes will mature on May 1, 2027 unless repurchased, redeemed, or converted in accordance with their terms prior to such date. The 2027 Notes are convertible into cash, shares of our Class A common stock, or a combination of cash and shares of our Class A common stock, at our election, at an initial conversion rate of 11.2042 shares of Class A common stock per $1,000 principal amount of 2027 Notes, which is equivalent to an initial conversion price of approximately $89.25 per share of our Class A common stock. We may redeem for cash all or portions of the 2027 Notes, at our option, on or after May 5, 2024 based on certain circumstances. 2025 Notes In April 2020, we entered into a purchase agreement for the sale of an aggregate of $1.0 billion principal amount of convertible senior notes due in 2025 (the “2025 Notes”) in a private offering to qualified institutional buyers pursuant to Rule 144A under the Securities Act. The net proceeds from the issuance of the 2025 Notes were $888.6 million, net of debt issuance costs and cash used to purchase the capped call transactions (the “2025 Capped Call Transactions”) discussed below. The debt issuance costs are amortized to interest expense using the effective interest rate method. The 2025 Notes are unsecured and unsubordinated obligations. Interest is payable in cash semi-annually in arrears beginning on November 1, 2020 at a rate of 0.25% per year. The 2025 Notes mature on May 1, 2025 unless repurchased, redeemed, or converted in accordance with their terms prior to such date. The 2025 Notes are convertible into cash, shares of our Class A common stock, or a combination of cash and shares of our Class A common stock, at our election, at an initial conversion rate of 46.1233 shares of Class A common stock per $1,000 principal amount of 2025 Notes, which is equivalent to an initial conversion price of approximately $21.68 per share of our Class A common stock. We may redeem for cash all or portions of the 2025 Notes, at our option, on or after May 6, 2023 based on certain circumstances. 2026 Notes In August 2019, we entered into a purchase agreement for the sale of an aggregate of $1.265 billion principal amount of convertible senior notes due in 2026 (the “2026 Notes”) in a private offering to qualified institutional buyers pursuant to Rule 144A under the Securities Act. The net proceeds from the issuance of the 2026 Notes were $1.15 billion, net of debt issuance costs and cash used to purchase the capped call transactions (the “2026 Capped Call Transactions”) discussed below. The debt issuance costs are amortized to interest expense using the effective interest rate method. The 2026 Notes are unsecured and unsubordinated obligations. Interest is payable in cash semi-annually in arrears beginning on February 1, 2020 at a rate of 0.75% per year. The 2026 Notes mature on August 1, 2026 unless repurchased, redeemed, or converted in accordance with the terms prior to such date. The 2026 Notes are convertible into cash, shares of our Class A common stock, or a combination of cash and shares of our Class A common stock, at our election, at an initial conversion rate of 43.8481 shares of Class A common stock per $1,000 principal amount of 2026 Notes, which is equivalent to an initial conversion price of approximately $22.81 per share of our Class A common stock. We may redeem for cash all or portions of the 2026 Notes, at our option, on or after August 6, 2023 based on certain circumstances. Note Repurchases In February 2024, we entered into various privately negotiated repurchase transactions (collectively, the “Note Repurchases”) with certain holders of the 2025 Notes and 2026 Notes, pursuant to which we agreed to repurchase $100.0 million in aggregate principal of the 2025 Notes and $351.2 million in aggregate principal of the 2026 Notes for a cash repurchase price of $440.7 million, including costs associated with the Note Repurchases. The Note Repurchases resulted in a $8.8 million gain on extinguishment included within other income (expense), net on our consolidated statements of operations. The Convertible Notes consisted of the following: As of March 31, 2024 As of December 31, 2023 Principal Unamortized Debt Issuance Costs Net Carrying Amount Principal Unamortized Debt Issuance Costs Net Carrying Amount (in thousands) 2025 Notes $ 184,105 $ (459) $ 183,646 $ 284,105 $ (871) $ 283,234 2026 Notes 487,286 (1,788) 485,498 838,482 (3,402) 835,080 2027 Notes 1,150,000 (6,582) 1,143,418 1,150,000 (7,114) 1,142,886 2028 Notes 1,500,000 (11,096) 1,488,904 1,500,000 (11,800) 1,488,200 Total $ 3,321,391 $ (19,925) $ 3,301,466 $ 3,772,587 $ (23,187) $ 3,749,400 As of March 31, 2024, the debt issuance costs on the 2025 Notes, 2026 Notes, 2027 Notes, and 2028 Notes will be amortized over the remaining period of approximately 1.1 years, 2.3 years, 3.1 years, and 3.9 years, respectively. Interest expense related to the amortization of debt issuance costs was $1.6 million and $1.7 million for the three months ended March 31, 2024 and 2023, respectively. Contractual interest expense was $1.8 million and $2.2 million for the three months ended March 31, 2024 and 2023, respectively. As of March 31, 2024 , the if-converted value of the Convertible Notes did not exceed the principal amount. The sale price for conversion was not satisfied as of March 31, 2024 for the Convertible Notes, and as a result, the Convertible Notes will not be eligible for optional conversion during the second quarter of 2024. No sinking fund is provided for the Convertible Notes, which means that we are not required to redeem or retire them periodically. Refer to Note 7 in our consolidated financial statements in the Annual Report for additional details. Capped Call Transactions In connection with the pricing of the 2025 Notes, the 2026 Notes, the 2027 Notes, and the 2028 Notes, we entered into the 2025 Capped Call Transactions, the 2026 Capped Call Transactions, the 2027 Capped Call Transactions, and the 2028 Capped Call Transactions (collectively, the “Capped Call Transactions”), respectively, with certain counterparties at a net cost of $100.0 million, $102.1 million, $86.8 million, and $177.0 million, respectively. The cap price of the 2025 Capped Call Transactions, the 2026 Capped Call Transactions, the 2027 Capped Call Transactions, and the 2028 Capped Call Transactions is initially $32.12, $32.58, $121.02, and $93.90 per share of our Class A common stock, respectively. All are subject to certain adjustments under the terms of the Capped Call Transactions. Conditions that cause adjustments to the initial strike price of the Capped Call Transactions mirror conditions that result in corresponding adjustments for the Convertible Notes. The Capped Call Transactions are intended to reduce potential dilution to holders of our Class A common stock beyond the conversion prices up to the cap prices on any conversion of the Convertible Notes or offset any cash payments we are required to make in excess of the principal amount, as the case may be, with such reduction or offset subject to a cap. The cost of the Capped Call Transactions was recorded as a reduction of our additional paid-in capital in our consolidated balance sheets. The Capped Call Transactions will not be remeasured as long as they continue to meet the conditions for equity classification. As of March 31, 2024, the Capped Call Transactions were out-of-the-money. Credit Facility In May 2022 , we entered into a five -year senior unsecured revolving credit facility (the “Credit Facility”) with certain lenders that allows us to borrow up to $1.05 billion to fund working capital and general corporate-purpose expenditures. Loans bear interest, at our option, at a rate equal to (i) a term secured overnight financing rat e (“SOFR”) plus 0.75% or the base rate, if selected by us, for loans made in U.S. dollars, (ii) the Sterling overnight index average plus 0.7826% for loans made in Sterling, or (iii) foreign indices as stated in the credit agreement plus 0.75% for loans made in other permitted foreign currencies. The base rate is defined as the greatest of (i) the Wall Street Journal prime rate, (ii) the greater of the (a) federal funds rate and (b) the overnight bank funding rate, plus 0.50% , and (iii) the applicable SOFR for a period of one month (but not less than zero ) plus 1.00 . The Credit Facility also contains an annual commitment fee of 0.10% on the daily undrawn balance of the facility. As of March 31, 2024 , we had $60.8 million in the form of outstanding standby letters of credit, with no amounts outstanding under the Credit Facility .

Commitments and Contingencies

Commitments and Contingencies	3 Months Ended
Commitments and Contingencies	Mar. 31, 2024
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies Commitments We have non-cancelable contractual agreements primarily related to the hosting of our data processing, storage, and other computing services, as well as lease, content and developer partner, and other commitments. We had $2.6 billion in commitments as of March 31, 2024, primarily due within three years. For additional discussion on leases, see Note 9 to our consolidated financial statements. Contingencies We record a loss contingency when it is probable that a liability has been incurred and the amount of the loss can be reasonably estimated. We also disclose material contingencies when we believe a loss is not probable but reasonably possible. Accounting for contingencies requires us to use judgment related to both the likelihood of a loss and the estimate of the amount or range of loss. Many legal and tax contingencies can take years to be resolved. Pending Matters In November 2021, we and certain of our officers and directors were named as defendants in a securities class action lawsuit purportedly brought on behalf of purchasers of our Class A common stock, alleging that we and certain of our officers made false or misleading statements and omissions concerning the impact that Apple’s App Tracking Transparency framework would have on our business. We believe we have meritorious defenses to this lawsuit and continue to defend the lawsuit vigorously. Based on the preliminary nature of the proceedings in this case, the outcome of this matter remains uncertain. The outcomes of our legal proceedings are inherently unpredictable, subject to significant uncertainties, and could be material to our financial condition, results of operations, and cash flows for a particular period. For the pending matter described above, it is not possible to estimate the reasonably possible loss or range of loss. We are subject to various other legal proceedings and claims in the ordinary course of business, including certain patent, trademark, privacy, regulatory, and employment matters. Although occasional adverse decisions or settlements may occur, we do not believe that the final disposition of any of our other pending matters will seriously harm our business, financial condition, results of operations, and cash flows. Indemnifications In the ordinary course of business, we may provide indemnifications of varying scope and terms to customers, vendors, lessors, investors, directors, officers, employees, and other parties with respect to certain matters. Indemnification may include losses from our breach of such agreements, services we provide, or third-party intellectual property infringement claims. These indemnifications may survive termination of the underlying agreement and the maximum potential amount of future indemnification payments may not be subject to a cap. We have not incurred material costs to defend lawsuits or settle claims related to these indemnifications as of March 31, 2024. We believe the fair value of these liabilities is immaterial and accordingly have no liabilities recorded for these agreements at March 31, 2024.

Leases

Leases	3 Months Ended
Leases	Mar. 31, 2024
Leases [Abstract]
Leases	Leases We have non-cancelable lease agreements for certain of our offices with original lease terms expiring between 2024 and 2042. Total operating lease costs were $25.4 million and $25.0 million for the three months ended March 31, 2024 and 2023, respectively. The weighted-average remaining lease term (in years) and discount rate related to our operating leases were as follows: As of March 31, 2024 2023 Weighted-average remaining lease term 9.8 6.3 Weighted-average discount rate 6.1 % 4.8 % The maturities of our operating lease liabilities as of March 31, 2024 were as follows: Operating Leases (in thousands) Remainder of 2024 $ 57,484 2025 79,769 2026 86,676 2027 78,026 2028 76,753 Thereafter 431,887 Total lease payments $ 810,595 Less: Imputed interest (220,205) Present value of lease liabilities $ 590,390 As of March 31, 2024, we had additional operating leases that have not yet commenced for facilities with lease obligations of $63.0 million. These operating leases will commence between 2024 and 2026 with lease terms of approximately 6 years to 11 years. Cash payments included in the measurement of our o perating lease liabilities were $28.2 million and $24.2 million for the three months ended March 31, 2024 and 2023, respectively. Lease liabilities arising from obtaining operating lease right-of-use assets were $10.8 million and $1.7 million for the three months ended March 31, 2024 and 2023, respectively.

Strategic Investments

Strategic Investments	3 Months Ended
Strategic Investments	Mar. 31, 2024
Equity Method Investments and Joint Ventures [Abstract]
Strategic Investments	Strategic Investments We hold strategic investments primarily in privately held companies, which consist of equity securities, and to a lesser extent, debt securities. These strategic investments are primarily recorded at fair value on a non-recurring basis. The estimation of fair value for these privately held strategic investments requires the use of significant unobservable inputs, such as the issuance of new equity by the company, and as a result, we deem these assets as Level 3 financial instruments within the fair value measurement framework. The following table summarizes our strategic investments as of March 31, 2024 and December 31, 2023: As of March 31, 2024 As of December 31, 2023 (in thousands) Initial cost $ 106,218 $ 106,368 Cumulative upward adjustments 147,499 147,317 Cumulative downward adjustments, including impairments (64,656) (58,357) Carrying value $ 189,061 $ 195,328 Gains and losses recognized during the periods presented were as follows: Three Months Ended March 31, 2024 2023 (in thousands) Gains (losses) recognized on strategic investments sold during the period, net $ — $ — Unrealized gains on strategic investments still held at the reporting date 182 1,079 Unrealized losses, including impairments, on strategic investments still held at the reporting date (6,449) (975) Gains (losses) on strategic investments, net $ (6,267) $ 104 Gains and losses on all strategic investments are included within other income (expense), net on our consolidated statements of operations and included as an adjustment to reconcile net loss to net cash provided by (used in) operating activities in our consolidated statements of cash flows. Strategic investments are included within other assets on our consolidated balance sheets.

Fair Value Measurements

Fair Value Measurements	3 Months Ended
Fair Value Measurements	Mar. 31, 2024
Fair Value Disclosures [Abstract]
Fair Value Measurements	Fair Value Measurements Assets and liabilities measured at fair value are classified into the following categories: • Level 1: Quoted market prices in active markets for identical assets or liabilities. • Level 2: Observable market-based inputs or unobservable inputs that are corroborated by market data. • Level 3: Unobservable inputs reflecting the reporting entity’s own assumptions or external inputs from inactive markets. We classify our cash equivalents and marketable securities within Level 1 or Level 2 because we use quoted market prices or alternative pricing sources and models utilizing observable market-based inputs to determine their fair value. The following tables set forth our financial assets that are measured at fair value on a recurring basis, excluding publicly traded equity securities, as of March 31, 2024 and December 31, 2023: March 31, 2024 Cost or Gross Gross Total Estimated (in thousands) Cash $ 1,023,276 $ — $ (7) $ 1,023,269 Level 1 securities: U.S. government securities 1,438,436 71 (6,179) 1,432,328 U.S. government agency securities 63,612 — (124) 63,488 Level 2 securities: Corporate debt securities 196,494 93 (164) 196,423 Commercial paper 184,625 — — 184,625 Total $ 2,906,443 $ 164 $ (6,474) $ 2,900,133 December 31, 2023 Cost or Gross Gross Total Estimated (in thousands) Cash $ 1,780,402 $ — $ — $ 1,780,402 Level 1 securities: U.S. government securities 1,295,918 894 (3,919) 1,292,893 U.S. government agency securities 138,420 31 (188) 138,263 Level 2 securities: Corporate debt securities 234,336 577 (99) 234,814 Commercial paper 65,380 — — 65,380 Certificates of deposit 18,725 — — 18,725 Total $ 3,533,181 $ 1,502 $ (4,206) $ 3,530,477 Gross unrealized losses on marketable debt securities were not material for the three months ended March 31, 2024 and 2023. As of March 31, 2024, we considered any decreases in fair value on our marketable debt securities to be driven by factors other than credit risk, including market risk. As of March 31, 2024, $479.7 million of our total $1.8 billion in marketable debt securities have contractual maturities between one We hold investments in publicly traded companies with an aggregate carrying value of $10.9 million and $13.6 million as of March 31, 2024 and December 31, 2023, respectively, recorded as marketable securities. We classify these publicly traded equity securities within Level 1 because we use quoted market prices to determine their fair value. Gains and losses recognized during the periods presented, which are included within other income (expense), net on our consolidated statements of operations, were as follows: Three Months Ended March 31, 2024 2023 (in thousands) Gains (losses) recognized on publicly traded equity securities sold during the period, net $ — $ 137 Unrealized gains (losses) on publicly traded equity securities still held at the reporting date, net (2,721) 10,594 Gains (losses) on publicly traded equity securities, net $ (2,721) $ 10,731 We carry the Convertible Notes at face value less the unamortized debt issuance costs on our consolidated balance sheets and present the fair value for disclosure purposes only. As of March 31, 2024, the fair value of the 2025 Notes, the 2026 Notes, the 2027 Notes, and the 2028 Notes was $179.2 million, $467.6 million, $927.9 million, and $1,139.7 million, respectively. As of December 31, 2023, the fair value of the 2025 Notes, the 2026 Notes, the 2027 Notes, and the 2028 Notes was $300.9 million, $893.2 million, $921.5 million, and $1,181.7 million, respectively. The estimated fair value of the Convertible Notes, which are classified as Level 2 financial instruments, was determined based on the estimated or actual bid prices of the Convertible Notes in an over-the-counter market on the last business day of the period.

Income Taxes

Income Taxes	3 Months Ended
Income Taxes	Mar. 31, 2024
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes Our tax provision for interim periods is determined using an estimate of our annual effective tax rate, adjusted for discrete items arising in that quarter. Our effective tax rate differs from the U.S. statutory tax rate primarily due to valuation allowances on our deferred tax assets as it is more likely than not that some or all of our deferred tax assets will not be realized. Income tax expense was $6.9 million and $6.8 million for the three months ended March 31, 2024 and 2023, respectively.

Accumulated Other Comprehensive

Accumulated Other Comprehensive Income (Loss)	3 Months Ended
Accumulated Other Comprehensive Income (Loss)	Mar. 31, 2024
Accumulated Other Comprehensive Income Loss [Abstract]
Accumulated Other Comprehensive Income (Loss)	Accumulated Other Comprehensive Income (Loss) The table below presents the changes in accumulated other comprehensive income (loss) (“AOCI”) by component and the reclassifications out of AOCI: Changes in Accumulated Other Comprehensive Income (Loss) by Component Marketable Foreign Currency Total (in thousands) Balance at December 31, 2023 $ (2,860) $ 9,991 $ 7,131 Other comprehensive income (loss) before reclassifications (3,592) (2,777) (6,369) Amounts reclassified from AOCI (1) (12) — (12) Net current period other comprehensive income (loss) (3,604) (2,777) (6,381) Balance at March 31, 2024 $ (6,464) $ 7,214 $ 750 (1) Realized gains and losses on marketable securities are reclassified from AOCI into other income (expense), net in our consolidated statements of operations.

Long-lived Assets

Long-lived Assets	3 Months Ended
Long-lived Assets	Mar. 31, 2024
Property, Plant and Equipment [Abstract]
Long-lived Assets	Long-lived Assets The following table lists long-lived assets by geographic area, which includes property and equipment, net and operating lease right-of-use assets: As of March 31, 2024 As of December 31, 2023 (in thousands) United States $ 633,569 $ 646,546 United Kingdom 235,535 218,326 Rest of world (1) 68,376 62,316 Total long-lived assets, net $ 937,480 $ 927,188 (1) No individual country other than the United States and the United Kingdom exceeded 10% of our total long-lived assets for any period presented.

Restructuring

Restructuring	3 Months Ended
Restructuring	Mar. 31, 2024
Restructuring and Related Activities [Abstract]
Restructuring	Restructuring 2024 Restructuring In the first quarter of 2024, we announced a plan to reduce hierarchy and concentrate our team members in major hub locations to support in-person collaboration, resulting in the reduction of our global headcount by approximately 10%. The following table summarizes the 2024 restructuring charges included in our consolidated statement of operations for the three months ended March 31, 2024: Severance and Related Charges (1) Stock-Based Compensation Expense (Benefit) Other (2) Total (in thousands) Cost of revenue $ 837 $ 207 $ — $ 1,044 Research and development 31,269 4,517 3,201 38,987 Sales and marketing 15,256 4,218 — 19,474 General and administrative 6,265 95 2,351 8,711 Total $ 53,627 $ 9,037 $ 5,552 $ 68,216 (1) Severance and related charges include cash severance expenses and other termination benefits. The majority of cash paid for restructuring in the first quarter of 2024 was related to severance and benefits. (2) Other primarily includes intangible asset amortization and depreciation expense. The remaining charges related to the 2024 restructuring are expected to be immaterial. The liabilities related to the 2024 restructuring were immaterial as of March 31, 2024.

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($) $ in Thousands	3 Months Ended
Pay vs Performance Disclosure - USD ($) $ in Thousands	Mar. 31, 2024	Mar. 31, 2023
Pay vs Performance Disclosure
Net loss	$ (305,090)	$ (328,674)

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
Insider Trading Arrangements	Mar. 31, 2024 shares
Trading Arrangements, by Individual
Material Terms of Trading Arrangement	During the quarter ended March 31, 2024, our directors and officers (as defined in Rule 16a-1(f) under the Exchange Act) adopted or terminated the contracts, instructions, or written plans for the purchase or sale of our securities set forth in the table below: Type of Trading Arrangement Name and Position Date Action Rule 10b5-1 * Expiration Date Total Shares of Class A Common Stock to be Sold Liz Jenkins, Director 3/7/2024 Adoption X 7/1/25 26,564 Joanna Coles, Director 3/8/2024 Adoption X 3/8/25 ** * Contract, instruction, or written plan intended to satisfy the affirmative defense conditions of Rule 10b5-1(c) under the Exchange Act. ** Trading arrangement provides for the sale of a number of shares of Class A Common Stock held by Ms. Coles with a value equal to up to $180,000.
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false
Liz Jenkins [Member]
Trading Arrangements, by Individual
Name	Liz Jenkins
Title	Director
Rule 10b5-1 Arrangement Adopted	true
Adoption Date	3/7/2024
Arrangement Duration	481 days
Aggregate Available	26,564
Joanna Coles [Member]
Trading Arrangements, by Individual
Name	Joanna Coles
Title	Director
Rule 10b5-1 Arrangement Adopted	true
Adoption Date	3/8/2024
Arrangement Duration	365 days

Description of Business and S_2

Description of Business and Summary of Significant Accounting Policies (Policies)	3 Months Ended
	Mar. 31, 2024
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation The accompanying unaudited consolidated financial statements are prepared in accordance with U.S. generally accepted accounting principles (“GAAP”) for interim financial information. Our consolidated financial statements include the accounts of Snap Inc. and our wholly owned subsidiaries. All intercompany transactions and balances have been eliminated in consolidation. Our fiscal year ends on December 31. These unaudited interim consolidated financial statements should be read in conjunction with the consolidated financial statements and related notes included in our Annual Report on Form 10-K for the fiscal year ended December 31, 2023, as filed with the Securities and Exchange Commission (the “SEC”) in February 2024 (the “Annual Report”). In our opinion, the unaudited interim consolidated financial statements include all adjustments of a normal recurring nature necessary for the fair presentation of our financial position, results of operations, and cash flows. The results of operations for the three months ended March 31, 2024 are not necessarily indicative of the results to be expected for the year ending December 31, 2024. There have been no changes to our significant accounting policies described in our Annual Report that have had a material impact on our consolidated financial statements and related notes.
Use of Estimates	Use of Estimates The preparation of our consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts in the consolidated financial statements. Management’s estimates are based on historical information available as of the date of the consolidated financial statements and various other assumptions that we believe are reasonable under the circumstances. Actual results could differ from those estimates.
Future Stock Split to be Effected in the Form of a Stock Dividend	Future Stock Split to be Effected in the Form of a Stock Dividend In July 2022, our board of directors determined that it was advisable and in our best interest to approve a stock split to be effected in the form of a special dividend of one share of Class A common stock on each outstanding share of our common stock at a future date (the “Future Stock Split”). In connection with the Future Stock Split, we entered into certain agreements (the “Co-Founder Agreements”) with Evan Spiegel and Robert Murphy, our co-founders, and certain of their respective affiliates requiring them, among other things, to convert shares of Class B common stock and Class C common stock into Class A common stock under certain circumstances. The Future Stock Split will not be declared and paid until the first business day following the date on which the average of the volume weighted average price (the “VWAP”) per share of Class A common stock equals or exceeds $40 per share for 65 consecutive trading days. If this does not occur by July 21, 2032, the Future Stock Split will not be declared and paid, and the Co-Founder Agreements will terminate. In June 2023, in connection with a proposed settlement of a class-action lawsuit, and as amended in December 2023, we agreed to modify the conditions for the Future Stock Split, subject to various conditions, including judicial approval of the settlement. In February 2024, the settlement was approved by the court and the class-action lawsuit was resolved. The Future Stock Split will not be declared and paid until the first business day following the date on which (i) the VWAP per share of Class A common stock equals or exceeds $40 per share for 90 consecutive trading days (the “90-Day VWAP”) and (ii) the ratio of the 90-Day VWAP to $8.70 equals or exceeds the ratio of the average closing price of the S&P 500 Total Return index for the same 90 trading days for which the 90-Day VWAP was calculated to 8,862.85. If this does not occur by July 21, 2032, the Future Stock Split will not be declared and paid, and the Co-Founder Agreements will terminate.

Revenue (Tables)

Revenue (Tables)	3 Months Ended
Revenue (Tables)	Mar. 31, 2024
Revenue from Contract with Customer [Abstract]
Schedule of Disaggregation of Revenue by Geography	The following table represents our revenue disaggregated by geography based on the billing address of the customer: Three Months Ended March 31, 2024 2023 (in thousands) North America (1) (2) $ 733,388 $ 632,560 Europe (3) 200,092 155,615 Rest of world 261,293 200,433 Total revenue $ 1,194,773 $ 988,608 (1) North America includes Mexico, the Caribbean, and Central America. (2) United States revenue was $710.8 million and $612.4 million for the three months ended March 31, 2024 and 2023, respectively. (3) Europe includes Russia and Turkey. Effective March 2022, we halted advertising sales to Russian and Belarusian entities.

Net Loss per Share (Tables)

Net Loss per Share (Tables)	3 Months Ended
Net Loss per Share (Tables)	Mar. 31, 2024
Earnings Per Share [Abstract]
Schedule of Numerators and Denominators of Basic and Diluted Net Loss per Share Computations for Common Stock	The numerators and denominators of the basic and diluted net loss per share computations for our common stock are calculated as follows: Three Months Ended March 31, 2024 2023 (in thousands, except per share data) Class A Class B Class C Class A Class B Class C Numerator: Net loss $ (258,022) $ (4,172) $ (42,896) $ (275,851) $ (4,681) $ (48,142) Net loss attributable to common stockholders $ (258,022) $ (4,172) $ (42,896) $ (275,851) $ (4,681) $ (48,142) Denominator: Basic shares: Weighted-average common shares - Basic 1,393,232 22,528 231,627 1,327,221 22,522 231,627 Diluted shares: Weighted-average common shares - Diluted 1,393,232 22,528 231,627 1,327,221 22,522 231,627 Net loss per share attributable to common stockholders: Basic $ (0.19) $ (0.19) $ (0.19) $ (0.21) $ (0.21) $ (0.21) Diluted $ (0.19) $ (0.19) $ (0.19) $ (0.21) $ (0.21) $ (0.21)
Schedule of Potentially Dilutive Shares Excluded from Calculation of Diluted Net Loss per Share	The following potentially dilutive shares were excluded from the calculation of diluted net loss per share because their effect would have been anti-dilutive for the periods presented: Three Months Ended March 31, 2024 2023 (in thousands) Stock options 1,580 3,155 Unvested RSUs and RSAs 145,364 128,086 Convertible Notes (if-converted) 69,368 89,379

Stockholders' Equity (Tables)

Stockholders' Equity (Tables)	3 Months Ended
Stockholders' Equity (Tables)	Mar. 31, 2024
Share-Based Payment Arrangement [Abstract]
Schedule of RSU and RSA Activity	The following table summarizes the RSU and RSA activity for the three months ended March 31, 2024: Number of Class A Shares Weighted- (in thousands, except per share data) Unvested at December 31, 2023 157,130 $ 12.82 Granted 23,248 $ 13.16 Vested (18,781) $ 15.55 Forfeited (16,233) $ 12.06 Unvested at March 31, 2024 145,364 $ 12.61
Schedule of Stock Option Award Activity	The following table summarizes the stock option award activity under the Stock Plans for the three months ended March 31, 2024: Number of Number of Weighted- Weighted- Aggregate Intrinsic Value (1) (in thousands, except per share data) Outstanding at December 31, 2023 1,692 5 $ 14.90 4.41 $ 5,225 Granted — — $ — — $ — Exercised (5) — $ 13.33 — $ — Forfeited (112) — $ 12.47 — $ — Outstanding at March 31, 2024 1,575 5 $ 15.08 4.18 $ 301 (1) The aggregate intrinsic value is calculated as the difference between the exercise price of the underlying stock option awards and the closing market price of our Class A common stock as of March 31, 2024 and December 31, 2023.
Schedule of Total Stock-based Compensation Expense	Total stock-based compensation expense by function was as follows: Three Months Ended March 31, 2024 2023 (in thousands) Cost of revenue $ 1,815 $ 1,885 Research and development 174,519 219,850 Sales and marketing 54,656 54,939 General and administrative 32,762 38,257 Total $ 263,752 $ 314,931

Goodwill and Intangible Assets

Goodwill and Intangible Assets (Tables)	3 Months Ended
Goodwill and Intangible Assets (Tables)	Mar. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract]
Changes in Carrying Amount of Goodwill	The changes in the carrying amount of goodwill for the three months ended March 31, 2024 were as follows: Goodwill (in thousands) Balance as of December 31, 2023 $ 1,691,827 Goodwill acquired — Foreign currency translation (303) Balance as of March 31, 2024 $ 1,691,524
Schedule of Intangible Assets	Intangible assets consisted of the following: As of March 31, 2024 Weighted- Gross Accumulated Net (in thousands, except years) Domain names 2.8 $ 745 $ (563) $ 182 Technology 2.7 315,233 (206,984) 108,249 Patents 8.7 39,373 (20,146) 19,227 Other — 6,000 (6,000) — Total intangible assets $ 361,351 $ (233,693) $ 127,658 As of December 31, 2023 Weighted- Gross Accumulated Net (in thousands, except years) Domain names 3.0 $ 745 $ (546) $ 199 Technology 2.8 323,313 (197,608) 125,705 Patents 8.8 39,373 (19,099) 20,274 Other — 6,000 (5,875) 125 Total intangible assets $ 369,431 $ (223,128) $ 146,303
Schedule of Estimated Intangible Asset Amortization Expense	As of March 31, 2024, the estimated intangible asset amortization expense for the next five years and thereafter is as follows: Estimated (in thousands) Remainder of 2024 $ 41,404 2025 41,493 2026 20,279 2027 12,104 2028 4,323 Thereafter 8,055 Total $ 127,658

Long-Term Debt (Tables)

Long-Term Debt (Tables)	3 Months Ended
Long-Term Debt (Tables)	Mar. 31, 2024
Debt Disclosure [Abstract]
Schedule of Convertible Notes	The Convertible Notes consisted of the following: As of March 31, 2024 As of December 31, 2023 Principal Unamortized Debt Issuance Costs Net Carrying Amount Principal Unamortized Debt Issuance Costs Net Carrying Amount (in thousands) 2025 Notes $ 184,105 $ (459) $ 183,646 $ 284,105 $ (871) $ 283,234 2026 Notes 487,286 (1,788) 485,498 838,482 (3,402) 835,080 2027 Notes 1,150,000 (6,582) 1,143,418 1,150,000 (7,114) 1,142,886 2028 Notes 1,500,000 (11,096) 1,488,904 1,500,000 (11,800) 1,488,200 Total $ 3,321,391 $ (19,925) $ 3,301,466 $ 3,772,587 $ (23,187) $ 3,749,400

Leases (Tables)

Leases (Tables)	3 Months Ended
Leases (Tables)	Mar. 31, 2024
Leases [Abstract]
Summary of Weighted Average Remaining Lease Term and Discount Rate Related to Operating Leases	The weighted-average remaining lease term (in years) and discount rate related to our operating leases were as follows: As of March 31, 2024 2023 Weighted-average remaining lease term 9.8 6.3 Weighted-average discount rate 6.1 % 4.8 %
Present Value of Operating Lease Liabilities	The maturities of our operating lease liabilities as of March 31, 2024 were as follows: Operating Leases (in thousands) Remainder of 2024 $ 57,484 2025 79,769 2026 86,676 2027 78,026 2028 76,753 Thereafter 431,887 Total lease payments $ 810,595 Less: Imputed interest (220,205) Present value of lease liabilities $ 590,390

Strategic Investments (Tables)

Strategic Investments (Tables)	3 Months Ended
Strategic Investments (Tables)	Mar. 31, 2024
Equity Method Investments and Joint Ventures [Abstract]
Schedule of Strategic Investments	The following table summarizes our strategic investments as of March 31, 2024 and December 31, 2023: As of March 31, 2024 As of December 31, 2023 (in thousands) Initial cost $ 106,218 $ 106,368 Cumulative upward adjustments 147,499 147,317 Cumulative downward adjustments, including impairments (64,656) (58,357) Carrying value $ 189,061 $ 195,328
Schedule of Gain (Loss) on Strategic Investments	Gains and losses recognized during the periods presented were as follows: Three Months Ended March 31, 2024 2023 (in thousands) Gains (losses) recognized on strategic investments sold during the period, net $ — $ — Unrealized gains on strategic investments still held at the reporting date 182 1,079 Unrealized losses, including impairments, on strategic investments still held at the reporting date (6,449) (975) Gains (losses) on strategic investments, net $ (6,267) $ 104 Three Months Ended March 31, 2024 2023 (in thousands) Gains (losses) recognized on publicly traded equity securities sold during the period, net $ — $ 137 Unrealized gains (losses) on publicly traded equity securities still held at the reporting date, net (2,721) 10,594 Gains (losses) on publicly traded equity securities, net $ (2,721) $ 10,731

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	3 Months Ended
Fair Value Measurements (Tables)	Mar. 31, 2024
Fair Value Disclosures [Abstract]
Schedule of Financial Assets Measured at Fair Value on Recurring Basis	The following tables set forth our financial assets that are measured at fair value on a recurring basis, excluding publicly traded equity securities, as of March 31, 2024 and December 31, 2023: March 31, 2024 Cost or Gross Gross Total Estimated (in thousands) Cash $ 1,023,276 $ — $ (7) $ 1,023,269 Level 1 securities: U.S. government securities 1,438,436 71 (6,179) 1,432,328 U.S. government agency securities 63,612 — (124) 63,488 Level 2 securities: Corporate debt securities 196,494 93 (164) 196,423 Commercial paper 184,625 — — 184,625 Total $ 2,906,443 $ 164 $ (6,474) $ 2,900,133 December 31, 2023 Cost or Gross Gross Total Estimated (in thousands) Cash $ 1,780,402 $ — $ — $ 1,780,402 Level 1 securities: U.S. government securities 1,295,918 894 (3,919) 1,292,893 U.S. government agency securities 138,420 31 (188) 138,263 Level 2 securities: Corporate debt securities 234,336 577 (99) 234,814 Commercial paper 65,380 — — 65,380 Certificates of deposit 18,725 — — 18,725 Total $ 3,533,181 $ 1,502 $ (4,206) $ 3,530,477
Schedule of Gain (Loss) on Strategic Investments	Gains and losses recognized during the periods presented were as follows: Three Months Ended March 31, 2024 2023 (in thousands) Gains (losses) recognized on strategic investments sold during the period, net $ — $ — Unrealized gains on strategic investments still held at the reporting date 182 1,079 Unrealized losses, including impairments, on strategic investments still held at the reporting date (6,449) (975) Gains (losses) on strategic investments, net $ (6,267) $ 104 Three Months Ended March 31, 2024 2023 (in thousands) Gains (losses) recognized on publicly traded equity securities sold during the period, net $ — $ 137 Unrealized gains (losses) on publicly traded equity securities still held at the reporting date, net (2,721) 10,594 Gains (losses) on publicly traded equity securities, net $ (2,721) $ 10,731

Accumulated Other Comprehensi_2

Accumulated Other Comprehensive Income (Loss) (Tables)	3 Months Ended
Accumulated Other Comprehensive Income (Loss) (Tables)	Mar. 31, 2024
Accumulated Other Comprehensive Income Loss [Abstract]
Schedule of Changes in Accumulated Other Comprehensive Income (Loss)	The table below presents the changes in accumulated other comprehensive income (loss) (“AOCI”) by component and the reclassifications out of AOCI: Changes in Accumulated Other Comprehensive Income (Loss) by Component Marketable Foreign Currency Total (in thousands) Balance at December 31, 2023 $ (2,860) $ 9,991 $ 7,131 Other comprehensive income (loss) before reclassifications (3,592) (2,777) (6,369) Amounts reclassified from AOCI (1) (12) — (12) Net current period other comprehensive income (loss) (3,604) (2,777) (6,381) Balance at March 31, 2024 $ (6,464) $ 7,214 $ 750 (1) Realized gains and losses on marketable securities are reclassified from AOCI into other income (expense), net in our consolidated statements of operations.

Long-lived Assets (Tables)

Long-lived Assets (Tables)	3 Months Ended
Long-lived Assets (Tables)	Mar. 31, 2024
Property, Plant and Equipment [Abstract]
Schedule of Long-lived Assets by Geographic Area	The following table lists long-lived assets by geographic area, which includes property and equipment, net and operating lease right-of-use assets: As of March 31, 2024 As of December 31, 2023 (in thousands) United States $ 633,569 $ 646,546 United Kingdom 235,535 218,326 Rest of world (1) 68,376 62,316 Total long-lived assets, net $ 937,480 $ 927,188 (1) No individual country other than the United States and the United Kingdom exceeded 10% of our total long-lived assets for any period presented.

Restructuring (Tables)

Restructuring (Tables)	3 Months Ended
Restructuring (Tables)	Mar. 31, 2024
Restructuring and Related Activities [Abstract]
Schedule of Restructuring Charges (Benefits)	The following table summarizes the 2024 restructuring charges included in our consolidated statement of operations for the three months ended March 31, 2024: Severance and Related Charges (1) Stock-Based Compensation Expense (Benefit) Other (2) Total (in thousands) Cost of revenue $ 837 $ 207 $ — $ 1,044 Research and development 31,269 4,517 3,201 38,987 Sales and marketing 15,256 4,218 — 19,474 General and administrative 6,265 95 2,351 8,711 Total $ 53,627 $ 9,037 $ 5,552 $ 68,216 (1) Severance and related charges include cash severance expenses and other termination benefits. The majority of cash paid for restructuring in the first quarter of 2024 was related to severance and benefits. (2) Other primarily includes intangible asset amortization and depreciation expense.

Description of Business and S_3

Description of Business and Summary of Significant Accounting Policies - Additional Information (Details)	1 Months Ended
	Jun. 30, 2023 d $ / shares	Jul. 31, 2022 d $ / shares
Description Of Business And Summary Of Significant Accounting Policies [Line Items]
Weighted average price per share (in usd per share)	$ 40	$ 40
Common stock, convertible, threshold trading days \| d	90	65
Common stock, convertible, volume weighted average price per share (in usd per share)	$ 8.70
Common stock, convertible, volume weighted average price per share, S&P 500 total return index (in usd per share)	$ 8,862.85
Class A
Description Of Business And Summary Of Significant Accounting Policies [Line Items]
Stock split ratio, common stock		1

Revenue - Disaggregation of Rev

Revenue - Disaggregation of Revenue by Geography (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Dec. 31, 2023
Disaggregation Of Revenue [Line Items]
Total revenue	$ 1,194,773	$ 988,608
Deferred revenue	98,400		$ 93,700
North America
Disaggregation Of Revenue [Line Items]
Total revenue	733,388	632,560
Europe
Disaggregation Of Revenue [Line Items]
Total revenue	200,092	155,615
Rest of world
Disaggregation Of Revenue [Line Items]
Total revenue	261,293	200,433
United States
Disaggregation Of Revenue [Line Items]
Total revenue	$ 710,800	$ 612,400

Net Loss per Share - Additional

Net Loss per Share - Additional Information (Details)	Mar. 31, 2024 class
Earnings Per Share [Abstract]
Number of classes of stock	3

Net Loss per Share - Numerators

Net Loss per Share - Numerators and Denominators of Basic and Diluted Net Loss per Share Computations for Common Stock (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Numerator:
Net loss	$ (305,090)	$ (328,674)
Basic shares:
Weighted-average common shares - Basic (in shares)	1,647,387	1,581,370
Diluted shares:
Weighted-average common shares - Diluted (in shares)	1,647,387	1,581,370
Net loss per share attributable to common stockholders:
Basic (in usd per share)	$ (0.19)	$ (0.21)
Diluted (in usd per share)	$ (0.19)	$ (0.21)
Class A
Numerator:
Net loss	$ (258,022)	$ (275,851)
Net loss attributable to common stockholders	$ (258,022)	$ (275,851)
Basic shares:
Weighted-average common shares - Basic (in shares)	1,393,232	1,327,221
Diluted shares:
Weighted-average common shares - Diluted (in shares)	1,393,232	1,327,221
Net loss per share attributable to common stockholders:
Basic (in usd per share)	$ (0.19)	$ (0.21)
Diluted (in usd per share)	$ (0.19)	$ (0.21)
Class B
Numerator:
Net loss	$ (4,172)	$ (4,681)
Net loss attributable to common stockholders	$ (4,172)	$ (4,681)
Basic shares:
Weighted-average common shares - Basic (in shares)	22,528	22,522
Diluted shares:
Weighted-average common shares - Diluted (in shares)	22,528	22,522
Net loss per share attributable to common stockholders:
Basic (in usd per share)	$ (0.19)	$ (0.21)
Diluted (in usd per share)	$ (0.19)	$ (0.21)
Class C
Numerator:
Net loss	$ (42,896)	$ (48,142)
Net loss attributable to common stockholders	$ (42,896)	$ (48,142)
Basic shares:
Weighted-average common shares - Basic (in shares)	231,627	231,627
Diluted shares:
Weighted-average common shares - Diluted (in shares)	231,627	231,627
Net loss per share attributable to common stockholders:
Basic (in usd per share)	$ (0.19)	$ (0.21)
Diluted (in usd per share)	$ (0.19)	$ (0.21)

Net Loss per Share - Schedule o

Net Loss per Share - Schedule of Potentially Dilutive Shares Excluded from Calculation of Diluted Net Loss per Share (Details) - shares shares in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Stock options
Antidilutive Securities Excluded From Computation Of Earnings Per Share [Line Items]
Anti-dilutive securities excluded from calculation of diluted net loss per share (in shares)	1,580	3,155
Unvested RSUs and RSAs
Antidilutive Securities Excluded From Computation Of Earnings Per Share [Line Items]
Anti-dilutive securities excluded from calculation of diluted net loss per share (in shares)	145,364	128,086
Convertible Notes (if-converted)
Antidilutive Securities Excluded From Computation Of Earnings Per Share [Line Items]
Anti-dilutive securities excluded from calculation of diluted net loss per share (in shares)	69,368	89,379

Stockholders' Equity - Addition

Stockholders' Equity - Additional Information (Details) shares in Millions	3 Months Ended
	Mar. 31, 2024 USD ($) plan shares	Oct. 31, 2023 USD ($)
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Number of share-based employee compensation plans \| plan	3
Class A
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Share repurchase program, authorized amount	$ 75,900,000
Repurchases of Class A non-voting common stock (in shares) \| shares	21
Stock repurchased during period	$ 235,100,000
Share repurchase program, authorized amount		$ 500,000,000
Restricted Stock Units and Restricted Stock Awards
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Unrecognized compensation cost	$ 1,500,000,000
Weighted average recognition period	2 years
RSUs and RSAs Granted after February 2018 \| Minimum
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Service condition satisfied, years	3 years
RSUs and RSAs Granted after February 2018 \| Maximum
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Service condition satisfied, years	4 years

Stockholders' Equity - Summary

Stockholders' Equity - Summary of RSU and RSA Activity (Details) - Restricted Stock Units and Restricted Stock Awards - Class A shares in Thousands	3 Months Ended
	Mar. 31, 2024 $ / shares shares
Number of Class A Shares
Outstanding restricted stock, unvested beginning balance (in shares) \| shares	157,130
Outstanding restricted stock, Granted (in shares) \| shares	23,248
Outstanding restricted stock, Vested (in shares) \| shares	(18,781)
Outstanding restricted stock, Forfeited (in shares) \| shares	(16,233)
Outstanding restricted stock, unvested ending balance (in shares) \| shares	145,364
Weighted- Average Grant Date Fair Value
Weighted-average grant date fair value per restricted stock, unvested beginning balance (in usd per share) \| $ / shares	$ 12.82
Weighted-average grant date fair value per restricted stock, Granted (in usd per share) \| $ / shares	13.16
Weighted-average grant date fair value per restricted stock, Vested (in usd per share) \| $ / shares	15.55
Weighted-average grant date fair value per restricted stock, Forfeited (in usd per share) \| $ / shares	12.06
Weighted-average grant date fair value per restricted stock, unvested ending balance (in usd per share) \| $ / shares	$ 12.61

Stockholders' Equity - Summar_2

Stockholders' Equity - Summary of Stock Option Award Activity (Details) - Stock options - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2024	Dec. 31, 2023
Weighted- Average Exercise Price
Weighted-Average Exercise Price, Beginning balance (in usd per share)	$ 14.90
Weighted-Average Exercise Price, Granted (in usd per share)	0
Weighted-Average Exercise Price, Exercised (in usd per share)	13.33
Weighted-Average Exercise Price, Forfeited (in usd per share)	12.47
Weighted-Average Exercise Price, Ending balance (in usd per share)	$ 15.08	$ 14.90
Weighted- Average Remaining Contractual Term (in years)
Weighted-Average Remaining Contractual Term (in years)	4 years 2 months 4 days	4 years 4 months 28 days
Aggregate Intrinsic Value
Aggregate Intrinsic Value, Outstanding	$ 301	$ 5,225
Class A
Number of Shares
Beginning balance (in shares)	1,692
Granted (in shares)	0
Exercised (in shares)	(5)
Forfeited (in shares)	(112)
Ending balance (in shares)	1,575	1,692
Class B
Number of Shares
Beginning balance (in shares)	5
Granted (in shares)	0
Exercised (in shares)	0
Forfeited (in shares)	0
Ending balance (in shares)	5	5

Stockholders' Equity - Summar_3

Stockholders' Equity - Summary of Total Stock-based Compensation Expense (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Share-based payment arrangement, expense	$ 263,752	$ 314,931
Cost of revenue
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Share-based payment arrangement, expense	1,815	1,885
Research and development
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Share-based payment arrangement, expense	174,519	219,850
Sales and marketing
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Share-based payment arrangement, expense	54,656	54,939
General and administrative
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Share-based payment arrangement, expense	$ 32,762	$ 38,257

Business Acquisitions - Additio

Business Acquisitions - Additional Information (Details) - USD ($)	12 Months Ended
	Dec. 31, 2023	Mar. 31, 2024
Business Acquisition [Line Items]
Goodwill	$ 1,691,827,000	$ 1,691,524,000
2023 Acquisitions
Business Acquisition [Line Items]
Purchase price consideration	73,100,000
Payment to acquire business	56,300,000
Goodwill	42,800,000
Goodwill deductible for tax purposes	0
2023 Acquisitions \| Other Liabilities
Business Acquisition [Line Items]
Business combination, recognized identifiable assets acquired and liabilities assumed, liabilities	$ 12,600,000

Goodwill and Intangible Asset_2

Goodwill and Intangible Assets - Changes in Carrying Amount of Goodwill (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2024 USD ($)
Goodwill [Roll Forward]
Goodwill, beginning balance	$ 1,691,827
Goodwill acquired	0
Foreign currency translation	(303)
Goodwill, ending balance	$ 1,691,524

Goodwill and Intangible Asset_3

Goodwill and Intangible Assets - Schedule of Intangible Assets (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2024	Dec. 31, 2023
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 361,351	$ 369,431
Accumulated Amortization	(233,693)	(223,128)
Net	$ 127,658	$ 146,303
Domain names
Finite-Lived Intangible Assets [Line Items]
Weighted- Average Remaining Useful Life (Years)	2 years 9 months 18 days	3 years
Gross Carrying Amount	$ 745	$ 745
Accumulated Amortization	(563)	(546)
Net	$ 182	$ 199
Technology
Finite-Lived Intangible Assets [Line Items]
Weighted- Average Remaining Useful Life (Years)	2 years 8 months 12 days	2 years 9 months 18 days
Gross Carrying Amount	$ 315,233	$ 323,313
Accumulated Amortization	(206,984)	(197,608)
Net	$ 108,249	$ 125,705
Patents
Finite-Lived Intangible Assets [Line Items]
Weighted- Average Remaining Useful Life (Years)	8 years 8 months 12 days	8 years 9 months 18 days
Gross Carrying Amount	$ 39,373	$ 39,373
Accumulated Amortization	(20,146)	(19,099)
Net	19,227	20,274
Other
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	6,000	6,000
Accumulated Amortization	(6,000)	(5,875)
Net	$ 0	$ 125

Goodwill and Intangible Asset_4

Goodwill and Intangible Assets - Additional Information (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
Amortization of intangible assets	$ 18.6	$ 17.8

Goodwill and Intangible Asset_5

Goodwill and Intangible Assets - Schedule of Estimated Intangible Asset Amortization Expense (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
Remainder of 2024	$ 41,404
2025	41,493
2026	20,279
2027	12,104
2028	4,323
Thereafter	8,055
Net	$ 127,658	$ 146,303

Long-Term Debt - Additional Inf

Long-Term Debt - Additional Information (Details) - USD ($)	1 Months Ended						3 Months Ended
Long-Term Debt - Additional Information (Details) - USD ($)	Feb. 29, 2024	May 31, 2022	Feb. 28, 2022	Apr. 30, 2021	Apr. 30, 2020	Aug. 31, 2019	Mar. 31, 2024	Mar. 31, 2023	Dec. 31, 2023
Debt Instrument [Line Items]
Debt instrument, principal amount							$ 3,321,391,000		$ 3,772,587,000
Repurchases of convertible notes							(440,706,000)	$ 0
Amortization of debt issuance costs							1,742,000	1,836,000
Revolving Credit Facility
Debt Instrument [Line Items]
Credit facility expiration period		5 years
Maximum borrowing capacity		$ 1,050,000,000
Annual commitment fee		0.10%
Outstanding letters of credit		$ 60,800,000
Amounts outstanding under the credit facility							0
Revolving Credit Facility \| Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate
Debt Instrument [Line Items]
Basis spread on variable interest rate (percentage)		0.75%
Revolving Credit Facility \| Sterling Overnight Index
Debt Instrument [Line Items]
Basis spread on variable interest rate (percentage)		0.7826%
Revolving Credit Facility \| Miscellaneous
Debt Instrument [Line Items]
Basis spread on variable interest rate (percentage)		0.75%
Revolving Credit Facility \| Overnight Funding Rate
Debt Instrument [Line Items]
Basis spread on variable interest rate (percentage)		0.50%
Revolving Credit Facility \| One Month Secured Overnight Financing Rate S O F R Overnight Index Swap Rate
Debt Instrument [Line Items]
Credit facility expiration period		1 month
Basis spread on variable interest rate (percentage)		100%
2028 Notes
Debt Instrument [Line Items]
Debt instrument, principal amount			$ 1,500,000,000				$ 1,500,000,000		1,500,000,000
Proceeds from issuance of convertible notes, net of issuance costs			$ 1,310,000,000
Debt instrument, interest rate			0.125%
Debt instrument convertible, amortization period							3 years 10 months 24 days
Cap price, net cost							$ 177,000,000
2028 Notes \| Class A
Debt Instrument [Line Items]
Shares issued upon conversion of each $1000 principal amount			17.7494
Debt instrument, convertible principal amount used in conversion rate			$ 1,000
Conversion price per share (in usd per share)			$ 56.34
Cap price, per share (in usd per share)							$ 93.90
2027 Notes
Debt Instrument [Line Items]
Debt instrument, principal amount				$ 1,150,000,000			$ 1,150,000,000		1,150,000,000
Debt of issuance costs				$ 1,050,000,000
Debt instrument convertible, amortization period							3 years 1 month 6 days
Cap price, net cost							$ 86,800,000
2027 Notes \| Class A
Debt Instrument [Line Items]
Shares issued upon conversion of each $1000 principal amount				11.2042
Debt instrument, convertible principal amount used in conversion rate				$ 1,000
Conversion price per share (in usd per share)				$ 89.25
Cap price, per share (in usd per share)							$ 121.02
2025 Notes
Debt Instrument [Line Items]
Debt instrument, principal amount					$ 1,000,000,000		$ 184,105,000		284,105,000
Debt instrument, interest rate					0.25%
Debt of issuance costs					$ 888,600,000
Debt Instrument, Repurchase Amount	$ 100,000,000
Debt instrument convertible, amortization period							1 year 1 month 6 days
Cap price, net cost							$ 100,000,000
2025 Notes \| Class A
Debt Instrument [Line Items]
Shares issued upon conversion of each $1000 principal amount					46.1233
Debt instrument, convertible principal amount used in conversion rate					$ 1,000
Conversion price per share (in usd per share)					$ 21.68
Cap price, per share (in usd per share)							$ 32.12
2026 Notes
Debt Instrument [Line Items]
Debt instrument, principal amount	351,200,000					$ 1,265,000,000	$ 487,286,000		$ 838,482,000
Debt instrument, interest rate						0.75%
Debt of issuance costs						$ 1,150,000,000
Debt instrument convertible, amortization period							2 years 3 months 18 days
Cap price, net cost							$ 102,100,000
2026 Notes \| Class A
Debt Instrument [Line Items]
Shares issued upon conversion of each $1000 principal amount						43.8481
Debt instrument, convertible principal amount used in conversion rate						$ 1,000
Conversion price per share (in usd per share)						$ 22.81
Cap price, per share (in usd per share)							$ 32.58
Convertible Notes
Debt Instrument [Line Items]
Repurchases of convertible notes	$ (440,700,000)
Gain on extinguishment of debt							$ 8,800,000
Amortization of debt issuance costs							1,600,000	1,700,000
Contractual interest expense							$ 1,800,000	$ 2,200,000

Long-Term Debt - Schedule of Co

Long-Term Debt - Schedule of Convertible Notes (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Feb. 29, 2024	Dec. 31, 2023	Feb. 28, 2022	Apr. 30, 2021	Apr. 30, 2020	Aug. 31, 2019
Debt Instrument [Line Items]
Principal	$ 3,321,391		$ 3,772,587
Unamortized Debt Issuance Costs	(19,925)		(23,187)
Net Carrying Amount	3,301,466		3,749,400
2025 Notes
Debt Instrument [Line Items]
Principal	184,105		284,105			$ 1,000,000
Unamortized Debt Issuance Costs	(459)		(871)
Net Carrying Amount	183,646		283,234
2026 Notes
Debt Instrument [Line Items]
Principal	487,286	$ 351,200	838,482				$ 1,265,000
Unamortized Debt Issuance Costs	(1,788)		(3,402)
Net Carrying Amount	485,498		835,080
2027 Notes
Debt Instrument [Line Items]
Principal	1,150,000		1,150,000		$ 1,150,000
Unamortized Debt Issuance Costs	(6,582)		(7,114)
Net Carrying Amount	1,143,418		1,142,886
2028 Notes
Debt Instrument [Line Items]
Principal	1,500,000		1,500,000	$ 1,500,000
Unamortized Debt Issuance Costs	(11,096)		(11,800)
Net Carrying Amount	$ 1,488,904		$ 1,488,200

Commitments and Contingencies -

Commitments and Contingencies - Additional Information (Details)	3 Months Ended
	Mar. 31, 2024 USD ($)
Loss Contingencies [Line Items]
Commitments due within three years	$ 2,600,000,000
Contractual obligation maturity	3 years
Indemnification Agreement
Loss Contingencies [Line Items]
Liabilities recorded	$ 0

Leases - Additional Information

Leases - Additional Information (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Lessee Lease Description [Line Items]
Operating lease cost	$ 25.4	$ 25
Lease obligations for additional leases not yet commenced	63
Operating cash outflows for operating leases	28.2	24.2
Lease liabilities arising from obtaining operating lease right-of-use assets	$ 10.8	$ 1.7
Minimum
Lessee Lease Description [Line Items]
Operating leases, terms	6 years
Maximum
Lessee Lease Description [Line Items]
Operating leases, terms	11 years

Leases - Summary of Weighted Av

Leases - Summary of Weighted Average Remaining Lease Term and Discount Rate Related to Operating Leases (Details)	Mar. 31, 2024	Mar. 31, 2023
Leases [Abstract]
Weighted-average remaining lease term	9 years 9 months 18 days	6 years 3 months 18 days
Weighted-average discount rate	6.10%	4.80%

Leases - Present Value of Opera

Leases - Present Value of Operating Lease Liabilities (Details) $ in Thousands	Mar. 31, 2024 USD ($)
Leases [Abstract]
Remainder of 2024	$ 57,484
2025	79,769
2026	86,676
2027	78,026
2028	76,753
Thereafter	431,887
Total lease payments	810,595
Less: Imputed interest	(220,205)
Present value of lease liabilities	$ 590,390

Strategic Investments - Schedul

Strategic Investments - Schedule of Strategic Investments (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Equity Method Investments and Joint Ventures [Abstract]
Initial cost	$ 106,218	$ 106,368
Cumulative upward adjustments	147,499	147,317
Cumulative downward adjustments, including impairments	(64,656)	(58,357)
Carrying value	$ 189,061	$ 195,328

Strategic Investments - Gain (L

Strategic Investments - Gain (Loss) on Strategic Investments (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Equity Method Investments and Joint Ventures [Abstract]
Gains (losses) recognized on strategic investments sold during the period, net	$ 0	$ 0
Unrealized gains on strategic investments still held at the reporting date	182	1,079
Unrealized losses, including impairments, on strategic investments still held at the reporting date	(6,449)	(975)
Gains (losses) on strategic investments, net	$ (6,267)	$ 104

Fair Value Measurements - Summa

Fair Value Measurements - Summary of Financial Assets Measured at Fair Value on Recurring Basis (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Marketable Securities, Total Estimated Fair Value	$ 1,800,000
Fair Value, Measurements, Recurring
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Cash, Equity Securities and Marketable securities, Cost or Amortized Cost	2,906,443	$ 3,533,181
Equity Securities and Marketable securities, Gross Unrealized Gains	164	1,502
Equity Securities and Marketable securities, Gross Unrealized Losses	(6,474)	(4,206)
Cash, Equity Securities and Marketable Securities, Total Estimated Fair Value	2,900,133	3,530,477
Fair Value, Measurements, Recurring \| Cash
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Cash, Cost or Amortized Cost	1,023,276	1,780,402
Cash Gross Unrealized Losses	(7)
Cash, Total Estimated Fair Value	1,023,269	1,780,402
Fair Value, Measurements, Recurring \| Level 1 securities: \| U.S. government securities
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Marketable securities, Cost or Amortized Cost	1,438,436	1,295,918
Marketable securities, Gross Unrealized Gains	71	894
Marketable securities, Gross Unrealized Losses	(6,179)	(3,919)
Marketable Securities, Total Estimated Fair Value	1,432,328	1,292,893
Fair Value, Measurements, Recurring \| Level 1 securities: \| U.S. government agency securities
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Marketable securities, Cost or Amortized Cost	63,612	138,420
Marketable securities, Gross Unrealized Gains	0	31
Marketable securities, Gross Unrealized Losses	(124)	(188)
Marketable Securities, Total Estimated Fair Value	63,488	138,263
Fair Value, Measurements, Recurring \| Level 2 securities: \| Corporate debt securities
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Marketable securities, Cost or Amortized Cost	196,494	234,336
Marketable securities, Gross Unrealized Gains	93	577
Marketable securities, Gross Unrealized Losses	(164)	(99)
Marketable Securities, Total Estimated Fair Value	196,423	234,814
Fair Value, Measurements, Recurring \| Level 2 securities: \| Commercial paper
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Marketable securities, Cost or Amortized Cost	184,625	65,380
Marketable securities, Gross Unrealized Gains	0	0
Marketable securities, Gross Unrealized Losses	0	0
Marketable Securities, Total Estimated Fair Value	$ 184,625	65,380
Fair Value, Measurements, Recurring \| Level 2 securities: \| Certificates of deposit
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Marketable securities, Cost or Amortized Cost		18,725
Marketable securities, Gross Unrealized Gains		0
Marketable securities, Gross Unrealized Losses		0
Marketable Securities, Total Estimated Fair Value		$ 18,725

Fair Value Measurements - Addit

Fair Value Measurements - Additional Information (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2024	Dec. 31, 2023
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Marketable securities contractual maturities	$ 479.7
Marketable securities, total estimated fair value	1,800
Equity securities, cost or amortized cost	10.9	$ 13.6
Level 2 securities: \| 2025 Notes
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Convertible notes	179.2	300.9
Level 2 securities: \| 2026 Notes
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Convertible notes	467.6	893.2
Level 2 securities: \| 2028 Notes
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Convertible notes	1,139.7	1,181.7
Level 2 securities: \| 2027 Notes
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Convertible notes	$ 927.9	$ 921.5
Minimum
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Marketable securities contractual maturities period	1 year
Maximum
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Marketable securities contractual maturities period	5 years

Fair Value Measurements - Gain

Fair Value Measurements - Gain (Loss) on Securities (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Fair Value Disclosures [Abstract]
Gains (losses) recognized on publicly traded equity securities sold during the period, net	$ 0	$ 137
Unrealized gains (losses) on publicly traded equity securities still held at the reporting date, net	(2,721)	10,594
Gains (losses) on publicly traded equity securities, net	$ (2,721)	$ 10,731

Income Taxes - Additional Infor

Income Taxes - Additional Information (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Income Tax Disclosure [Abstract]
Income tax expense (benefit)	$ 6,932	$ 6,845

Accumulated Other Comprehensi_3

Accumulated Other Comprehensive Income (Loss) - Schedules of Changes in Accumulated Other Comprehensive Income (Loss) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Balance, beginning of period	$ 2,414,112
Other comprehensive income (loss) before reclassifications	(6,369)
Amounts reclassified from AOCI	(12)
Net current period other comprehensive income (loss)	(6,381)	$ 12,310
Balance, end of period	2,131,348	2,578,440
AOCI Attributable to Parent
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Balance, beginning of period	7,131	(13,974)
Net current period other comprehensive income (loss)	(6,381)	12,310
Balance, end of period	750	$ (1,664)
Marketable Securities
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Balance, beginning of period	(2,860)
Other comprehensive income (loss) before reclassifications	(3,592)
Amounts reclassified from AOCI	(12)
Net current period other comprehensive income (loss)	(3,604)
Balance, end of period	(6,464)
Foreign Currency Translation
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Balance, beginning of period	9,991
Other comprehensive income (loss) before reclassifications	(2,777)
Amounts reclassified from AOCI	0
Net current period other comprehensive income (loss)	(2,777)
Balance, end of period	$ 7,214

Long-lived Assets - Long-lived

Long-lived Assets - Long-lived Assets by Geographic Area (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Revenues From External Customers And Long Lived Assets [Line Items]
Total long-lived assets, net	$ 937,480	$ 927,188
United States
Revenues From External Customers And Long Lived Assets [Line Items]
Total long-lived assets, net	633,569	646,546
United Kingdom
Revenues From External Customers And Long Lived Assets [Line Items]
Total long-lived assets, net	235,535	218,326
Rest of world
Revenues From External Customers And Long Lived Assets [Line Items]
Total long-lived assets, net	$ 68,376	$ 62,316

Restructuring - Additional Info

Restructuring - Additional Information (Details)	3 Months Ended
Restructuring - Additional Information (Details)	Mar. 31, 2024
Global Headcount Reduction
Restructuring Cost And Reserve [Line Items]
Percentage of employee reduction in reprioritization plan	10%

Restructuring - Schedule of Res

Restructuring - Schedule of Restructuring Charges (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2024 USD ($)
Restructuring Cost And Reserve [Line Items]
Restructuring charges	$ 68,216
Cost of revenue
Restructuring Cost And Reserve [Line Items]
Restructuring charges	1,044
Research and development
Restructuring Cost And Reserve [Line Items]
Restructuring charges	38,987
Sales and marketing
Restructuring Cost And Reserve [Line Items]
Restructuring charges	19,474
General and administrative
Restructuring Cost And Reserve [Line Items]
Restructuring charges	8,711
Severance and Related Charges
Restructuring Cost And Reserve [Line Items]
Restructuring charges	53,627
Severance and Related Charges \| Cost of revenue
Restructuring Cost And Reserve [Line Items]
Restructuring charges	837
Severance and Related Charges \| Research and development
Restructuring Cost And Reserve [Line Items]
Restructuring charges	31,269
Severance and Related Charges \| Sales and marketing
Restructuring Cost And Reserve [Line Items]
Restructuring charges	15,256
Severance and Related Charges \| General and administrative
Restructuring Cost And Reserve [Line Items]
Restructuring charges	6,265
Stock-Based Compensation Expense (Benefit)
Restructuring Cost And Reserve [Line Items]
Restructuring charges	9,037
Stock-Based Compensation Expense (Benefit) \| Cost of revenue
Restructuring Cost And Reserve [Line Items]
Restructuring charges	207
Stock-Based Compensation Expense (Benefit) \| Research and development
Restructuring Cost And Reserve [Line Items]
Restructuring charges	4,517
Stock-Based Compensation Expense (Benefit) \| Sales and marketing
Restructuring Cost And Reserve [Line Items]
Restructuring charges	4,218
Stock-Based Compensation Expense (Benefit) \| General and administrative
Restructuring Cost And Reserve [Line Items]
Restructuring charges	95
Other
Restructuring Cost And Reserve [Line Items]
Restructuring charges	5,552
Other \| Cost of revenue
Restructuring Cost And Reserve [Line Items]
Restructuring charges	0
Other \| Research and development
Restructuring Cost And Reserve [Line Items]
Restructuring charges	3,201
Other \| Sales and marketing
Restructuring Cost And Reserve [Line Items]
Restructuring charges	0
Other \| General and administrative
Restructuring Cost And Reserve [Line Items]
Restructuring charges	$ 2,351