| Name | Title | Action | Date Adopted | Expiration Date | Aggregate # of Securities to be Purchased/Sold | |||||||||||||||||||||||||||
| Greg Peters (1) | Co-CEO and Director | Termination | 10/30/2024 | N/A | 187,913 | |||||||||||||||||||||||||||
| Greg Peters (2) | Co-CEO and Director | Adoption | 10/30/2024 | 11/1/2027 | 158,583 | |||||||||||||||||||||||||||
| David Hyman (3) | Chief Legal Officer | Adoption | 10/29/2024 | 1/30/2026 | 104,154 | |||||||||||||||||||||||||||
| Ted Sarandos (4) | Co-CEO and Director | Adoption | 10/25/2024 | 2/27/2026 | 199,063 | |||||||||||||||||||||||||||
| Spencer Neumann (5) | Chief Financial Officer | Adoption | 10/29/2024 | 12/31/2025 | 33,406 | |||||||||||||||||||||||||||
| Ann Mather (6) | Director | Adoption | 10/31/2024 | 12/31/2025 | 2,682 | |||||||||||||||||||||||||||
| Strive Masiyiwa (7) | Director | Adoption | 11/7/2024 | 12/31/2025 | 2,813 | |||||||||||||||||||||||||||
| Jeffrey Karbowski (8) | Chief Accounting Officer | Adoption | 10/29/2024 | 1/31/2026 | 3,820 |
(1) On October 30, 2024, Greg Peters, Co-CEO and a member of the Board of Directors, terminated a pre-arranged stock trading plan pursuant to Rule 10b5-1, which was adopted on July 26, 2023 and provided for the potential exercise of vested stock options and the associated sale of up to 187,913 shares of Netflix common stock until November 1, 2027 or the earlier completion of all authorized transactions under the plan. | ||
(2) Upon termination of Mr. Peters' prior plan (described in footnote 1), on October 30, 2024, Mr. Peters entered into a pre-arranged stock trading plan pursuant to Rule 10b5-1 that provides for the potential exercise of vested stock options and the associated sale of up to 158,583 shares of Netflix common stock. This figure includes a grant of 31,112 Performance Share Units (PSUs) that are expected to vest during the term of the 10b5-1 plan, which are assumed to vest at 100% of the target award amount. The actual number of PSUs that may vest can vary between 0% - 200% of the target award of PSUs, subject to the achievement of certain performance conditions as set forth in the PSU award agreement, less shares to be withheld for tax withholding obligations. The plan expires on November 1, 2027, or upon the earlier completion of all authorized transactions under the plan. | ||
(3) David Hyman, Chief Legal Officer, entered into a pre-arranged stock trading plan pursuant to Rule 10b5-1 on October 29, 2024. Mr. Hyman's plan provides for the potential exercise of vested stock options and the associated sale of up to 104,154 shares of Netflix common stock. This figure includes 2,174 PSUs that are expected to vest during the term of the 10b5-1 plan, which are assumed to vest at 100% of the target award amount. The actual number of PSUs that may vest can vary between 0% - 200% of the target award of PSUs, subject to the achievement of certain performance conditions as set forth in the PSU award agreement, less shares to be withheld for tax withholding obligations. The plan expires on January 30, 2026, or upon the earlier completion of all authorized transactions under the plan. | ||
(4) Ted Sarandos, co-CEO and a member of the Board of Directors, entered into a pre-arranged stock trading plan pursuant to Rule 10b5-1 on October 25, 2024. Mr. Sarandos' plan provides for the potential exercise of vested stock options and the associated sale of up to 199,063 shares of Netflix common stock. The plan expires on February 27, 2026, or upon the earlier completion of all authorized transactions under the plan. | ||
(5) Spencer Neumann, Chief Financial Officer, entered into a pre-arranged stock trading plan pursuant to Rule 10b5-1 on October 29, 2024. Mr. Neumann's plan provides for the potential exercise of vested stock options and the associated sale of up to 33,406 shares of Netflix common stock. The plan expires on December 31, 2025, or upon the earlier completion of all authorized transactions under the plan. | ||
(6) Ann Mather, a member of the Board of Directors, entered into a pre-arranged stock trading plan pursuant to Rule 10b5-1 on October 31, 2024. Ms. Mather's plan provides for the potential exercise of vested stock options and the associated sale of up to 2,682 shares of Netflix common stock. The plan expires on December 31, 2025, or upon the earlier completion of all authorized transactions under the plan. | ||
(7) Strive Masiyiwa, a member of the Board of Directors, entered into a pre-arranged stock trading plan pursuant to Rule 10b5-1 on November 7, 2024. Mr. Masiyiwa's plan provides for the potential exercise of vested stock options and the associated sale of up to 2,813 shares of Netflix common stock. The plan expires on December 31, 2025, or upon the earlier completion of all authorized transactions under the plan. | ||
(8) Jeffrey Karbowski, Chief Accounting Officer, entered into a pre-arranged stock trading plan pursuant to Rule 10b5-1 on October 29, 2024. Mr. Karbowski's plan provides for the potential exercise of vested stock options and the associated sale of up to 3,820 shares of Netflix common stock. The plan expires on January 31, 2026, or upon the earlier completion of all authorized transactions under the plan. |
| As of/Year Ended December 31, | ||||||||||||||||||||
| \u00a0 | 2024 | 2023 | 2022 | |||||||||||||||||
| \u00a0 | (in thousands) | |||||||||||||||||||
| Streaming revenues | $ | 17,359,369\u00a0 | $ | 14,873,783\u00a0 | $ | 14,084,643\u00a0 | ||||||||||||||
| Paid net membership additions (losses) | 9,497\u00a0 | 5,832\u00a0 | (919) | |||||||||||||||||
| Paid memberships at end of period (1) | 89,625\u00a0 | 80,128\u00a0 | 74,296\u00a0 | |||||||||||||||||
| As of/Year Ended December 31, | ||||||||||||||||||||
| \u00a0 | 2024 | 2023 | 2022 | |||||||||||||||||
| \u00a0 | (in thousands) | |||||||||||||||||||
| Streaming revenues | $ | 12,387,035\u00a0 | $ | 10,556,487\u00a0 | $ | 9,745,015\u00a0 | ||||||||||||||
| Paid net membership additions | 12,320\u00a0 | 12,084\u00a0 | 2,693\u00a0 | |||||||||||||||||
| Paid memberships at end of period (1) | 101,133\u00a0 | 88,813\u00a0 | 76,729\u00a0 | |||||||||||||||||
| As of/Year Ended December 31, | ||||||||||||||||||||
| \u00a0 | 2024 | 2023 | 2022 | |||||||||||||||||
| \u00a0 | (in thousands) | |||||||||||||||||||
| Streaming revenues | $ | 4,839,816\u00a0 | $ | 4,446,461\u00a0 | $ | 4,069,973\u00a0 | ||||||||||||||
| Paid net membership additions | 7,330\u00a0 | 4,298\u00a0 | 1,738\u00a0 | |||||||||||||||||
| Paid memberships at end of period (1) | 53,327\u00a0 | 45,997\u00a0 | 41,699\u00a0 | |||||||||||||||||
| As of/Year Ended December 31, | ||||||||||||||||||||
| \u00a0 | 2024 | 2023 | 2022 | |||||||||||||||||
| \u00a0 | (in thousands) | |||||||||||||||||||
| Streaming revenues | $ | 4,414,746\u00a0 | $ | 3,763,727\u00a0 | $ | 3,570,221\u00a0 | ||||||||||||||
| Paid net membership additions | 12,203\u00a0 | 7,315\u00a0 | 5,391\u00a0 | |||||||||||||||||
| Paid memberships at end of period (1) | 57,541\u00a0 | 45,338\u00a0 | 38,023\u00a0 | |||||||||||||||||
| As of/Year Ended December 31, | ||||||||||||||||||||
| \u00a0 | 2024 | 2023 | 2022 | |||||||||||||||||
| \u00a0 | (in thousands) | |||||||||||||||||||
| Streaming revenues | $ | 17,359,369\u00a0 | $ | 14,873,783\u00a0 | $ | 14,084,643\u00a0 | ||||||||||||||
| Paid net membership additions (losses) | 9,497\u00a0 | 5,832\u00a0 | (919) | |||||||||||||||||
| Paid memberships at end of period (1) | 89,625\u00a0 | 80,128\u00a0 | 74,296\u00a0 | |||||||||||||||||
| As of/Year Ended December 31, | ||||||||||||||||||||
| \u00a0 | 2024 | 2023 | 2022 | |||||||||||||||||
| \u00a0 | (in thousands) | |||||||||||||||||||
| Streaming revenues | $ | 12,387,035\u00a0 | $ | 10,556,487\u00a0 | $ | 9,745,015\u00a0 | ||||||||||||||
| Paid net membership additions | 12,320\u00a0 | 12,084\u00a0 | 2,693\u00a0 | |||||||||||||||||
| Paid memberships at end of period (1) | 101,133\u00a0 | 88,813\u00a0 | 76,729\u00a0 | |||||||||||||||||
| As of/Year Ended December 31, | ||||||||||||||||||||
| \u00a0 | 2024 | 2023 | 2022 | |||||||||||||||||
| \u00a0 | (in thousands) | |||||||||||||||||||
| Streaming revenues | $ | 4,839,816\u00a0 | $ | 4,446,461\u00a0 | $ | 4,069,973\u00a0 | ||||||||||||||
| Paid net membership additions | 7,330\u00a0 | 4,298\u00a0 | 1,738\u00a0 | |||||||||||||||||
| Paid memberships at end of period (1) | 53,327\u00a0 | 45,997\u00a0 | 41,699\u00a0 | |||||||||||||||||
| As of/Year Ended December 31, | ||||||||||||||||||||
| \u00a0 | 2024 | 2023 | 2022 | |||||||||||||||||
| \u00a0 | (in thousands) | |||||||||||||||||||
| Streaming revenues | $ | 4,414,746\u00a0 | $ | 3,763,727\u00a0 | $ | 3,570,221\u00a0 | ||||||||||||||
| Paid net membership additions | 12,203\u00a0 | 7,315\u00a0 | 5,391\u00a0 | |||||||||||||||||
| Paid memberships at end of period (1) | 57,541\u00a0 | 45,338\u00a0 | 38,023\u00a0 | |||||||||||||||||
| \u00a0 | Year Ended December\u00a031, | ||||||||||||||||
| \u00a0 | 2024 | 2023 | 2022 | ||||||||||||||
| \u00a0 | (in\u00a0thousands,\u00a0except\u00a0per\u00a0share\u00a0data) | ||||||||||||||||
| Basic earnings per share: | |||||||||||||||||
| Net income | $ | 8,711,631\u00a0 | $ | 5,407,990\u00a0 | $ | 4,491,924\u00a0 | |||||||||||
| Shares used in computation: | |||||||||||||||||
| Weighted-average shares of common stock outstanding | 429,519\u00a0 | 441,571\u00a0 | 444,698\u00a0 | ||||||||||||||
| Basic earnings per share | $ | 20.28\u00a0 | $ | 12.25\u00a0 | $ | 10.10\u00a0 | |||||||||||
| Diluted earnings per share: | |||||||||||||||||
| Net income | $ | 8,711,631\u00a0 | $ | 5,407,990\u00a0 | $ | 4,491,924\u00a0 | |||||||||||
| Shares used in computation: | |||||||||||||||||
| Weighted-average shares of common stock outstanding | 429,519\u00a0 | 441,571\u00a0 | 444,698\u00a0 | ||||||||||||||
| Effect of dilutive stock-based awards | 9,742\u00a0 | 7,927\u00a0 | 6,592\u00a0 | ||||||||||||||
| Weighted-average number of shares | 439,261\u00a0 | 449,498\u00a0 | 451,290\u00a0 | ||||||||||||||
Diluted earnings per share | $ | 19.83\u00a0 | $ | 12.03\u00a0 | $ | 9.95\u00a0 |
| \u00a0 | Year\u00a0Ended\u00a0December\u00a031, | ||||||||||||||||
| \u00a0 | 2024 | 2023 | 2022 | ||||||||||||||
| \u00a0 | (in thousands) | ||||||||||||||||
| Stock-based awards | 243\u00a0 | 4,109\u00a0 | 6,790\u00a0 |
| \u00a0 | Year Ended December\u00a031, | ||||||||||||||||
| \u00a0 | 2024 | 2023 | 2022 | ||||||||||||||
| \u00a0 | (in\u00a0thousands,\u00a0except\u00a0per\u00a0share\u00a0data) | ||||||||||||||||
| Basic earnings per share: | |||||||||||||||||
| Net income | $ | 8,711,631\u00a0 | $ | 5,407,990\u00a0 | $ | 4,491,924\u00a0 | |||||||||||
| Shares used in computation: | |||||||||||||||||
| Weighted-average shares of common stock outstanding | 429,519\u00a0 | 441,571\u00a0 | 444,698\u00a0 | ||||||||||||||
| Basic earnings per share | $ | 20.28\u00a0 | $ | 12.25\u00a0 | $ | 10.10\u00a0 | |||||||||||
| Diluted earnings per share: | |||||||||||||||||
| Net income | $ | 8,711,631\u00a0 | $ | 5,407,990\u00a0 | $ | 4,491,924\u00a0 | |||||||||||
| Shares used in computation: | |||||||||||||||||
| Weighted-average shares of common stock outstanding | 429,519\u00a0 | 441,571\u00a0 | 444,698\u00a0 | ||||||||||||||
| Effect of dilutive stock-based awards | 9,742\u00a0 | 7,927\u00a0 | 6,592\u00a0 | ||||||||||||||
| Weighted-average number of shares | 439,261\u00a0 | 449,498\u00a0 | 451,290\u00a0 | ||||||||||||||
Diluted earnings per share | $ | 19.83\u00a0 | $ | 12.03\u00a0 | $ | 9.95\u00a0 |
| \u00a0 | Year\u00a0Ended\u00a0December\u00a031, | ||||||||||||||||
| \u00a0 | 2024 | 2023 | 2022 | ||||||||||||||
| \u00a0 | (in thousands) | ||||||||||||||||
| Stock-based awards | 243\u00a0 | 4,109\u00a0 | 6,790\u00a0 |
| \u00a0 | As of December 31, 2024 | ||||||||||||||||||||||||||||||||||||||||||||||
| \u00a0 | Amortized Cost | Gross Unrealized Gains | Gross Unrealized Losses | Estimated Fair Value | Cash and cash equivalents | Short-term investments | Other Current Assets | Non-current Assets | |||||||||||||||||||||||||||||||||||||||
| \u00a0 | (in thousands) | ||||||||||||||||||||||||||||||||||||||||||||||
| Cash | $ | 4,866,753\u00a0 | $ | \u2014\u00a0 | $ | \u2014\u00a0 | $ | 4,866,753\u00a0 | $ | 4,864,207\u00a0 | $ | \u2014\u00a0 | $ | 2,472\u00a0 | $ | 74\u00a0 | |||||||||||||||||||||||||||||||
| Level 1 securities: | |||||||||||||||||||||||||||||||||||||||||||||||
| Money market funds | 2,676,314\u00a0 | \u2014\u00a0 | \u2014\u00a0 | 2,676,314\u00a0 | 2,676,256\u00a0 | \u2014\u00a0 | \u2014\u00a0 | 58\u00a0 | |||||||||||||||||||||||||||||||||||||||
| Level 2 securities: | |||||||||||||||||||||||||||||||||||||||||||||||
| Time Deposits (1) | 301,374\u00a0 | \u2014\u00a0 | \u2014\u00a0 | 301,374\u00a0 | 264,270\u00a0 | 37,104\u00a0 | \u2014\u00a0 | \u2014\u00a0 | |||||||||||||||||||||||||||||||||||||||
| Government securities (2) | 1,738,642\u00a0 | 3,260\u00a0 | \u2014\u00a0 | 1,741,902\u00a0 | \u2014\u00a0 | 1,741,902\u00a0 | \u2014\u00a0 | \u2014\u00a0 | |||||||||||||||||||||||||||||||||||||||
| $ | 9,583,083\u00a0 | $ | 3,260\u00a0 | $ | \u2014\u00a0 | $ | 9,586,343\u00a0 | $ | 7,804,733\u00a0 | $ | 1,779,006\u00a0 | $ | 2,472\u00a0 | $ | 132\u00a0 | ||||||||||||||||||||||||||||||||
| \u00a0 | As of December 31, 2023 | ||||||||||||||||||||||||||||||||||||||||||||||
| \u00a0 | Amortized Cost | Gross Unrealized Gains | Gross Unrealized Losses | Estimated Fair Value | Cash and cash equivalents | Short-term investments | Other Current Assets | Non-current Assets | |||||||||||||||||||||||||||||||||||||||
| \u00a0 | (in thousands) | ||||||||||||||||||||||||||||||||||||||||||||||
| Cash | $ | 5,988,176\u00a0 | $ | \u2014\u00a0 | $ | \u2014\u00a0 | $ | 5,988,176\u00a0 | $ | 5,986,629\u00a0 | $ | \u2014\u00a0 | $ | 1,466\u00a0 | $ | 81\u00a0 | |||||||||||||||||||||||||||||||
| Level 1 securities: | |||||||||||||||||||||||||||||||||||||||||||||||
| Money market funds | 925,707\u00a0 | \u2014\u00a0 | \u2014\u00a0 | 925,707\u00a0 | 925,652\u00a0 | \u2014\u00a0 | \u2014\u00a0 | 55\u00a0 | |||||||||||||||||||||||||||||||||||||||
| Level 2 securities: | |||||||||||||||||||||||||||||||||||||||||||||||
| Time Deposits (1) | 225,605\u00a0 | \u2014\u00a0 | \u2014\u00a0 | 225,605\u00a0 | 204,632\u00a0 | 20,973\u00a0 | \u2014\u00a0 | \u2014\u00a0 | |||||||||||||||||||||||||||||||||||||||
| $ | 7,139,488\u00a0 | $ | \u2014\u00a0 | $ | \u2014\u00a0 | $ | 7,139,488\u00a0 | $ | 7,116,913\u00a0 | $ | 20,973\u00a0 | $ | 1,466\u00a0 | $ | 136\u00a0 |
| \u00a0 | As of December 31, 2024 | ||||||||||||||||||||||||||||||||||||||||||||||
| \u00a0 | Amortized Cost | Gross Unrealized Gains | Gross Unrealized Losses | Estimated Fair Value | Cash and cash equivalents | Short-term investments | Other Current Assets | Non-current Assets | |||||||||||||||||||||||||||||||||||||||
| \u00a0 | (in thousands) | ||||||||||||||||||||||||||||||||||||||||||||||
| Cash | $ | 4,866,753\u00a0 | $ | \u2014\u00a0 | $ | \u2014\u00a0 | $ | 4,866,753\u00a0 | $ | 4,864,207\u00a0 | $ | \u2014\u00a0 | $ | 2,472\u00a0 | $ | 74\u00a0 | |||||||||||||||||||||||||||||||
| Level 1 securities: | |||||||||||||||||||||||||||||||||||||||||||||||
| Money market funds | 2,676,314\u00a0 | \u2014\u00a0 | \u2014\u00a0 | 2,676,314\u00a0 | 2,676,256\u00a0 | \u2014\u00a0 | \u2014\u00a0 | 58\u00a0 | |||||||||||||||||||||||||||||||||||||||
| Level 2 securities: | |||||||||||||||||||||||||||||||||||||||||||||||
| Time Deposits (1) | 301,374\u00a0 | \u2014\u00a0 | \u2014\u00a0 | 301,374\u00a0 | 264,270\u00a0 | 37,104\u00a0 | \u2014\u00a0 | \u2014\u00a0 | |||||||||||||||||||||||||||||||||||||||
| Government securities (2) | 1,738,642\u00a0 | 3,260\u00a0 | \u2014\u00a0 | 1,741,902\u00a0 | \u2014\u00a0 | 1,741,902\u00a0 | \u2014\u00a0 | \u2014\u00a0 | |||||||||||||||||||||||||||||||||||||||
| $ | 9,583,083\u00a0 | $ | 3,260\u00a0 | $ | \u2014\u00a0 | $ | 9,586,343\u00a0 | $ | 7,804,733\u00a0 | $ | 1,779,006\u00a0 | $ | 2,472\u00a0 | $ | 132\u00a0 | ||||||||||||||||||||||||||||||||
| \u00a0 | As of December 31, 2023 | ||||||||||||||||||||||||||||||||||||||||||||||
| \u00a0 | Amortized Cost | Gross Unrealized Gains | Gross Unrealized Losses | Estimated Fair Value | Cash and cash equivalents | Short-term investments | Other Current Assets | Non-current Assets | |||||||||||||||||||||||||||||||||||||||
| \u00a0 | (in thousands) | ||||||||||||||||||||||||||||||||||||||||||||||
| Cash | $ | 5,988,176\u00a0 | $ | \u2014\u00a0 | $ | \u2014\u00a0 | $ | 5,988,176\u00a0 | $ | 5,986,629\u00a0 | $ | \u2014\u00a0 | $ | 1,466\u00a0 | $ | 81\u00a0 | |||||||||||||||||||||||||||||||
| Level 1 securities: | |||||||||||||||||||||||||||||||||||||||||||||||
| Money market funds | 925,707\u00a0 | \u2014\u00a0 | \u2014\u00a0 | 925,707\u00a0 | 925,652\u00a0 | \u2014\u00a0 | \u2014\u00a0 | 55\u00a0 | |||||||||||||||||||||||||||||||||||||||
| Level 2 securities: | |||||||||||||||||||||||||||||||||||||||||||||||
| Time Deposits (1) | 225,605\u00a0 | \u2014\u00a0 | \u2014\u00a0 | 225,605\u00a0 | 204,632\u00a0 | 20,973\u00a0 | \u2014\u00a0 | \u2014\u00a0 | |||||||||||||||||||||||||||||||||||||||
| $ | 7,139,488\u00a0 | $ | \u2014\u00a0 | $ | \u2014\u00a0 | $ | 7,139,488\u00a0 | $ | 7,116,913\u00a0 | $ | 20,973\u00a0 | $ | 1,466\u00a0 | $ | 136\u00a0 |
| \u00a0 | As of December 31, 2024 | ||||||||||||||||||||||||||||||||||||||||||||||
| \u00a0 | Amortized Cost | Gross Unrealized Gains | Gross Unrealized Losses | Estimated Fair Value | Cash and cash equivalents | Short-term investments | Other Current Assets | Non-current Assets | |||||||||||||||||||||||||||||||||||||||
| \u00a0 | (in thousands) | ||||||||||||||||||||||||||||||||||||||||||||||
| Cash | $ | 4,866,753\u00a0 | $ | \u2014\u00a0 | $ | \u2014\u00a0 | $ | 4,866,753\u00a0 | $ | 4,864,207\u00a0 | $ | \u2014\u00a0 | $ | 2,472\u00a0 | $ | 74\u00a0 | |||||||||||||||||||||||||||||||
| Level 1 securities: | |||||||||||||||||||||||||||||||||||||||||||||||
| Money market funds | 2,676,314\u00a0 | \u2014\u00a0 | \u2014\u00a0 | 2,676,314\u00a0 | 2,676,256\u00a0 | \u2014\u00a0 | \u2014\u00a0 | 58\u00a0 | |||||||||||||||||||||||||||||||||||||||
| Level 2 securities: | |||||||||||||||||||||||||||||||||||||||||||||||
| Time Deposits (1) | 301,374\u00a0 | \u2014\u00a0 | \u2014\u00a0 | 301,374\u00a0 | 264,270\u00a0 | 37,104\u00a0 | \u2014\u00a0 | \u2014\u00a0 | |||||||||||||||||||||||||||||||||||||||
| Government securities (2) | 1,738,642\u00a0 | 3,260\u00a0 | \u2014\u00a0 | 1,741,902\u00a0 | \u2014\u00a0 | 1,741,902\u00a0 | \u2014\u00a0 | \u2014\u00a0 | |||||||||||||||||||||||||||||||||||||||
| $ | 9,583,083\u00a0 | $ | 3,260\u00a0 | $ | \u2014\u00a0 | $ | 9,586,343\u00a0 | $ | 7,804,733\u00a0 | $ | 1,779,006\u00a0 | $ | 2,472\u00a0 | $ | 132\u00a0 | ||||||||||||||||||||||||||||||||
| \u00a0 | As of December 31, 2023 | ||||||||||||||||||||||||||||||||||||||||||||||
| \u00a0 | Amortized Cost | Gross Unrealized Gains | Gross Unrealized Losses | Estimated Fair Value | Cash and cash equivalents | Short-term investments | Other Current Assets | Non-current Assets | |||||||||||||||||||||||||||||||||||||||
| \u00a0 | (in thousands) | ||||||||||||||||||||||||||||||||||||||||||||||
| Cash | $ | 5,988,176\u00a0 | $ | \u2014\u00a0 | $ | \u2014\u00a0 | $ | 5,988,176\u00a0 | $ | 5,986,629\u00a0 | $ | \u2014\u00a0 | $ | 1,466\u00a0 | $ | 81\u00a0 | |||||||||||||||||||||||||||||||
| Level 1 securities: | |||||||||||||||||||||||||||||||||||||||||||||||
| Money market funds | 925,707\u00a0 | \u2014\u00a0 | \u2014\u00a0 | 925,707\u00a0 | 925,652\u00a0 | \u2014\u00a0 | \u2014\u00a0 | 55\u00a0 | |||||||||||||||||||||||||||||||||||||||
| Level 2 securities: | |||||||||||||||||||||||||||||||||||||||||||||||
| Time Deposits (1) | 225,605\u00a0 | \u2014\u00a0 | \u2014\u00a0 | 225,605\u00a0 | 204,632\u00a0 | 20,973\u00a0 | \u2014\u00a0 | \u2014\u00a0 | |||||||||||||||||||||||||||||||||||||||
| $ | 7,139,488\u00a0 | $ | \u2014\u00a0 | $ | \u2014\u00a0 | $ | 7,139,488\u00a0 | $ | 7,116,913\u00a0 | $ | 20,973\u00a0 | $ | 1,466\u00a0 | $ | 136\u00a0 |
| As of December 31, | |||||||||||
| 2024 | 2023 | ||||||||||
| (in thousands) | |||||||||||
Licensed content, net | $ | 12,422,309\u00a0 | $ | 12,722,701\u00a0 | |||||||
Produced content, net | |||||||||||
Released, less amortization | 10,151,543\u00a0 | 9,843,150\u00a0 | |||||||||
In production | 9,317,367\u00a0 | 8,247,578\u00a0 | |||||||||
In development and pre-production | 561,243\u00a0 | 844,627\u00a0 | |||||||||
| 20,030,153\u00a0 | 18,935,355\u00a0 | ||||||||||
| Content assets, net | $ | 32,452,462\u00a0 | $ | 31,658,056\u00a0 |
| Year Ended December 31, | |||||||||||||||||
| \u00a0 | 2024 | 2023 | 2022 | ||||||||||||||
| (in thousands) | |||||||||||||||||
| Licensed content | $ | 7,689,014\u00a0 | $ | 7,145,446\u00a0 | $ | 7,681,978\u00a0 | |||||||||||
| Produced content (1) | 7,612,503\u00a0 | 7,051,991\u00a0 | 6,344,154\u00a0 | ||||||||||||||
| Total | $ | 15,301,517\u00a0 | $ | 14,197,437\u00a0 | $ | 14,026,132\u00a0 |
| As of December\u00a031, | Estimated Useful Lives (in Years) | |||||||||||||||||||
| 2024 | 2023 | |||||||||||||||||||
| (in thousands) | ||||||||||||||||||||
| Land | $ | 85,000\u00a0 | $ | 85,000\u00a0 | ||||||||||||||||
| Buildings and improvements | 475,684\u00a0 | 154,165\u00a0 | 30 years | |||||||||||||||||
| Leasehold improvements | 1,026,593\u00a0 | 1,032,492\u00a0 | Over\u00a0life\u00a0of\u00a0lease | |||||||||||||||||
| Furniture and fixtures | 134,987\u00a0 | 144,737\u00a0 | 3 years | |||||||||||||||||
| Information technology | 446,419\u00a0 | 414,092\u00a0 | 3 years | |||||||||||||||||
| Corporate aircraft | 99,175\u00a0 | 99,175\u00a0 | 8-10 years | |||||||||||||||||
| Machinery and equipment | 15,135\u00a0 | 10,334\u00a0 | 3-5 years | |||||||||||||||||
| Capital work-in-progress | 228,300\u00a0 | 406,492\u00a0 | ||||||||||||||||||
| Property and equipment, gross | 2,511,293\u00a0 | 2,346,487\u00a0 | ||||||||||||||||||
| Less: Accumulated depreciation | (917,537) | (855,043) | ||||||||||||||||||
| Property and equipment, net | $ | 1,593,756\u00a0 | $ | 1,491,444\u00a0 |
| Year ended December 31, | |||||||||||||||||
| \u00a0 | 2024 | 2023 | 2022 | ||||||||||||||
| (in thousands) | |||||||||||||||||
| Operating lease cost | $ | 468,282\u00a0 | $ | 430,856\u00a0 | $ | 413,664\u00a0 | |||||||||||
| Short-term lease cost | 197,691\u00a0 | 207,822\u00a0 | 194,764\u00a0 | ||||||||||||||
| Total lease cost | $ | 665,973\u00a0 | $ | 638,678\u00a0 | $ | 608,428\u00a0 |
| Year ended December 31, | |||||||||||||||||
| 2024 | 2023 | 2022 | |||||||||||||||
| (in thousands) | |||||||||||||||||
| Cash paid for operating lease liabilities | $ | 509,296\u00a0 | $ | 451,525\u00a0 | $ | 413,034\u00a0 | |||||||||||
| Right-of-use assets obtained in exchange for new operating lease obligations | 442,391\u00a0 | 196,639\u00a0 | 252,393\u00a0 |
| As of December 31, | |||||||||||
| 2024 | 2023 | ||||||||||
| (in thousands, except lease term and discount rate) | |||||||||||
| $ | 2,102,310\u00a0 | $ | 2,076,899\u00a0 | ||||||||
| $ | 428,482\u00a0 | $ | 383,312\u00a0 | ||||||||
| 1,983,688\u00a0 | 2,046,801\u00a0 | ||||||||||
| Total operating lease liabilities | $ | 2,412,170\u00a0 | $ | 2,430,113\u00a0 | |||||||
| Weighted-average remaining lease term | 6.9 years | 7.5 years | |||||||||
| Weighted-average discount rate | 3.5\u00a0 | % | 3.3\u00a0 | % |
| Due in 12 month period ended December 31, | |||||
| 2025 | $ | 505,201\u00a0 | |||
| 2026 | 477,256\u00a0 | ||||
| 2027 | 415,983\u00a0 | ||||
| 2028 | 345,912\u00a0 | ||||
| 2029 | 276,109\u00a0 | ||||
| Thereafter | 696,367\u00a0 | ||||
| 2,716,828\u00a0 | |||||
| Less imputed interest | (304,658) | ||||
| Total operating lease liabilities | $ | 2,412,170\u00a0 |
| As of | ||||||||||||||
| December 31, 2024 | December 31, 2023 | |||||||||||||
| (in thousands) | ||||||||||||||
Trade receivables | $ | 1,335,304\u00a0 | $ | 1,287,054\u00a0 | ||||||||||
Prepaid expenses | 431,924\u00a0 | 408,936\u00a0 | ||||||||||||
Other (1) | 1,749,412\u00a0 | 1,084,257\u00a0 | ||||||||||||
Total other current assets | $ | 3,516,640\u00a0 | $ | 2,780,247\u00a0 |
| As of December 31, | |||||||||||
| 2024 | 2023 | ||||||||||
| (in thousands) | |||||||||||
Licensed content, net | $ | 12,422,309\u00a0 | $ | 12,722,701\u00a0 | |||||||
Produced content, net | |||||||||||
Released, less amortization | 10,151,543\u00a0 | 9,843,150\u00a0 | |||||||||
In production | 9,317,367\u00a0 | 8,247,578\u00a0 | |||||||||
In development and pre-production | 561,243\u00a0 | 844,627\u00a0 | |||||||||
| 20,030,153\u00a0 | 18,935,355\u00a0 | ||||||||||
| Content assets, net | $ | 32,452,462\u00a0 | $ | 31,658,056\u00a0 |
| Year Ended December 31, | |||||||||||||||||
| \u00a0 | 2024 | 2023 | 2022 | ||||||||||||||
| (in thousands) | |||||||||||||||||
| Licensed content | $ | 7,689,014\u00a0 | $ | 7,145,446\u00a0 | $ | 7,681,978\u00a0 | |||||||||||
| Produced content (1) | 7,612,503\u00a0 | 7,051,991\u00a0 | 6,344,154\u00a0 | ||||||||||||||
| Total | $ | 15,301,517\u00a0 | $ | 14,197,437\u00a0 | $ | 14,026,132\u00a0 |
| As of December\u00a031, | Estimated Useful Lives (in Years) | |||||||||||||||||||
| 2024 | 2023 | |||||||||||||||||||
| (in thousands) | ||||||||||||||||||||
| Land | $ | 85,000\u00a0 | $ | 85,000\u00a0 | ||||||||||||||||
| Buildings and improvements | 475,684\u00a0 | 154,165\u00a0 | 30 years | |||||||||||||||||
| Leasehold improvements | 1,026,593\u00a0 | 1,032,492\u00a0 | Over\u00a0life\u00a0of\u00a0lease | |||||||||||||||||
| Furniture and fixtures | 134,987\u00a0 | 144,737\u00a0 | 3 years | |||||||||||||||||
| Information technology | 446,419\u00a0 | 414,092\u00a0 | 3 years | |||||||||||||||||
| Corporate aircraft | 99,175\u00a0 | 99,175\u00a0 | 8-10 years | |||||||||||||||||
| Machinery and equipment | 15,135\u00a0 | 10,334\u00a0 | 3-5 years | |||||||||||||||||
| Capital work-in-progress | 228,300\u00a0 | 406,492\u00a0 | ||||||||||||||||||
| Property and equipment, gross | 2,511,293\u00a0 | 2,346,487\u00a0 | ||||||||||||||||||
| Less: Accumulated depreciation | (917,537) | (855,043) | ||||||||||||||||||
| Property and equipment, net | $ | 1,593,756\u00a0 | $ | 1,491,444\u00a0 |
| Year ended December 31, | |||||||||||||||||
| \u00a0 | 2024 | 2023 | 2022 | ||||||||||||||
| (in thousands) | |||||||||||||||||
| Operating lease cost | $ | 468,282\u00a0 | $ | 430,856\u00a0 | $ | 413,664\u00a0 | |||||||||||
| Short-term lease cost | 197,691\u00a0 | 207,822\u00a0 | 194,764\u00a0 | ||||||||||||||
| Total lease cost | $ | 665,973\u00a0 | $ | 638,678\u00a0 | $ | 608,428\u00a0 |
| Year ended December 31, | |||||||||||||||||
| 2024 | 2023 | 2022 | |||||||||||||||
| (in thousands) | |||||||||||||||||
| Cash paid for operating lease liabilities | $ | 509,296\u00a0 | $ | 451,525\u00a0 | $ | 413,034\u00a0 | |||||||||||
| Right-of-use assets obtained in exchange for new operating lease obligations | 442,391\u00a0 | 196,639\u00a0 | 252,393\u00a0 |
| As of December 31, | |||||||||||
| 2024 | 2023 | ||||||||||
| (in thousands, except lease term and discount rate) | |||||||||||
| $ | 2,102,310\u00a0 | $ | 2,076,899\u00a0 | ||||||||
| $ | 428,482\u00a0 | $ | 383,312\u00a0 | ||||||||
| 1,983,688\u00a0 | 2,046,801\u00a0 | ||||||||||
| Total operating lease liabilities | $ | 2,412,170\u00a0 | $ | 2,430,113\u00a0 | |||||||
| Weighted-average remaining lease term | 6.9 years | 7.5 years | |||||||||
| Weighted-average discount rate | 3.5\u00a0 | % | 3.3\u00a0 | % |
| Due in 12 month period ended December 31, | |||||
| 2025 | $ | 505,201\u00a0 | |||
| 2026 | 477,256\u00a0 | ||||
| 2027 | 415,983\u00a0 | ||||
| 2028 | 345,912\u00a0 | ||||
| 2029 | 276,109\u00a0 | ||||
| Thereafter | 696,367\u00a0 | ||||
| 2,716,828\u00a0 | |||||
| Less imputed interest | (304,658) | ||||
| Total operating lease liabilities | $ | 2,412,170\u00a0 |
| As of | ||||||||||||||
| December 31, 2024 | December 31, 2023 | |||||||||||||
| (in thousands) | ||||||||||||||
Trade receivables | $ | 1,335,304\u00a0 | $ | 1,287,054\u00a0 | ||||||||||
Prepaid expenses | 431,924\u00a0 | 408,936\u00a0 | ||||||||||||
Other (1) | 1,749,412\u00a0 | 1,084,257\u00a0 | ||||||||||||
Total other current assets | $ | 3,516,640\u00a0 | $ | 2,780,247\u00a0 |
| Principal Amount at Par | Level 2 Fair Value as of | ||||||||||||||||||||||||||||||||||
| December 31, 2024 | December 31, 2023 | Issuance Date | Maturity | December 31, 2024 | December 31, 2023 | ||||||||||||||||||||||||||||||
| (in millions) | (in millions) | ||||||||||||||||||||||||||||||||||
5.750% Senior Notes | $ | \u2014\u00a0 | $ | 400\u00a0 | February 2014 | March 2024 | $ | \u2014\u00a0 | $ | 400\u00a0 | |||||||||||||||||||||||||
5.875% Senior Notes | 800\u00a0 | 800\u00a0 | February 2015 | February 2025 | 801\u00a0 | 807\u00a0 | |||||||||||||||||||||||||||||
3.000% Senior Notes (1) | 487\u00a0 | 519\u00a0 | April 2020 | June 2025 | 487\u00a0 | 516\u00a0 | |||||||||||||||||||||||||||||
3.625% Senior Notes | 500\u00a0 | 500\u00a0 | April 2020 | June 2025 | 497\u00a0 | 491\u00a0 | |||||||||||||||||||||||||||||
4.375% Senior Notes | 1,000\u00a0 | 1,000\u00a0 | October 2016 | November 2026 | 998\u00a0 | 996\u00a0 | |||||||||||||||||||||||||||||
3.625% Senior Notes (1) | 1,346\u00a0 | 1,434\u00a0 | May 2017 | May 2027 | 1,375\u00a0 | 1,454\u00a0 | |||||||||||||||||||||||||||||
4.875% Senior Notes | 1,600\u00a0 | 1,600\u00a0 | October 2017 | April 2028 | 1,607\u00a0 | 1,621\u00a0 | |||||||||||||||||||||||||||||
5.875% Senior Notes | 1,900\u00a0 | 1,900\u00a0 | April 2018 | November 2028 | 1,970\u00a0 | 2,009\u00a0 | |||||||||||||||||||||||||||||
4.625% Senior Notes (1) | 1,139\u00a0 | 1,215\u00a0 | October 2018 | May 2029 | 1,220\u00a0 | 1,300\u00a0 | |||||||||||||||||||||||||||||
6.375% Senior Notes | 800\u00a0 | 800\u00a0 | October 2018 | May 2029 | 848\u00a0 | 872\u00a0 | |||||||||||||||||||||||||||||
3.875% Senior Notes (1) | 1,242\u00a0 | 1,325\u00a0 | April 2019 | November 2029 | 1,293\u00a0 | 1,372\u00a0 | |||||||||||||||||||||||||||||
5.375% Senior Notes | 900\u00a0 | 900\u00a0 | April 2019 | November 2029 | 918\u00a0 | 931\u00a0 | |||||||||||||||||||||||||||||
3.625% Senior Notes (1) | 1,139\u00a0 | 1,215\u00a0 | October 2019 | June 2030 | 1,174\u00a0 | 1,237\u00a0 | |||||||||||||||||||||||||||||
4.875% Senior Notes | 1,000\u00a0 | 1,000\u00a0 | October 2019 | June 2030 | 996\u00a0 | 1,012\u00a0 | |||||||||||||||||||||||||||||
4.900% Senior Notes | 1,000\u00a0 | \u2014\u00a0 | August 2024 | August 2034 | 982\u00a0 | \u2014\u00a0 | |||||||||||||||||||||||||||||
5.400% Senior Notes | 800\u00a0 | \u2014\u00a0 | August 2024 | August 2054 | 782\u00a0 | \u2014\u00a0 | |||||||||||||||||||||||||||||
| $ | 15,653\u00a0 | $ | 14,608\u00a0 | $ | 15,948\u00a0 | $ | 15,018\u00a0 | ||||||||||||||||||||||||||||
| Principal Amount at Par | Level 2 Fair Value as of | ||||||||||||||||||||||||||||||||||
| December 31, 2024 | December 31, 2023 | Issuance Date | Maturity | December 31, 2024 | December 31, 2023 | ||||||||||||||||||||||||||||||
| (in millions) | (in millions) | ||||||||||||||||||||||||||||||||||
5.750% Senior Notes | $ | \u2014\u00a0 | $ | 400\u00a0 | February 2014 | March 2024 | $ | \u2014\u00a0 | $ | 400\u00a0 | |||||||||||||||||||||||||
5.875% Senior Notes | 800\u00a0 | 800\u00a0 | February 2015 | February 2025 | 801\u00a0 | 807\u00a0 | |||||||||||||||||||||||||||||
3.000% Senior Notes (1) | 487\u00a0 | 519\u00a0 | April 2020 | June 2025 | 487\u00a0 | 516\u00a0 | |||||||||||||||||||||||||||||
3.625% Senior Notes | 500\u00a0 | 500\u00a0 | April 2020 | June 2025 | 497\u00a0 | 491\u00a0 | |||||||||||||||||||||||||||||
4.375% Senior Notes | 1,000\u00a0 | 1,000\u00a0 | October 2016 | November 2026 | 998\u00a0 | 996\u00a0 | |||||||||||||||||||||||||||||
3.625% Senior Notes (1) | 1,346\u00a0 | 1,434\u00a0 | May 2017 | May 2027 | 1,375\u00a0 | 1,454\u00a0 | |||||||||||||||||||||||||||||
4.875% Senior Notes | 1,600\u00a0 | 1,600\u00a0 | October 2017 | April 2028 | 1,607\u00a0 | 1,621\u00a0 | |||||||||||||||||||||||||||||
5.875% Senior Notes | 1,900\u00a0 | 1,900\u00a0 | April 2018 | November 2028 | 1,970\u00a0 | 2,009\u00a0 | |||||||||||||||||||||||||||||
4.625% Senior Notes (1) | 1,139\u00a0 | 1,215\u00a0 | October 2018 | May 2029 | 1,220\u00a0 | 1,300\u00a0 | |||||||||||||||||||||||||||||
6.375% Senior Notes | 800\u00a0 | 800\u00a0 | October 2018 | May 2029 | 848\u00a0 | 872\u00a0 | |||||||||||||||||||||||||||||
3.875% Senior Notes (1) | 1,242\u00a0 | 1,325\u00a0 | April 2019 | November 2029 | 1,293\u00a0 | 1,372\u00a0 | |||||||||||||||||||||||||||||
5.375% Senior Notes | 900\u00a0 | 900\u00a0 | April 2019 | November 2029 | 918\u00a0 | 931\u00a0 | |||||||||||||||||||||||||||||
3.625% Senior Notes (1) | 1,139\u00a0 | 1,215\u00a0 | October 2019 | June 2030 | 1,174\u00a0 | 1,237\u00a0 | |||||||||||||||||||||||||||||
4.875% Senior Notes | 1,000\u00a0 | 1,000\u00a0 | October 2019 | June 2030 | 996\u00a0 | 1,012\u00a0 | |||||||||||||||||||||||||||||
4.900% Senior Notes | 1,000\u00a0 | \u2014\u00a0 | August 2024 | August 2034 | 982\u00a0 | \u2014\u00a0 | |||||||||||||||||||||||||||||
5.400% Senior Notes | 800\u00a0 | \u2014\u00a0 | August 2024 | August 2054 | 782\u00a0 | \u2014\u00a0 | |||||||||||||||||||||||||||||
| $ | 15,653\u00a0 | $ | 14,608\u00a0 | $ | 15,948\u00a0 | $ | 15,018\u00a0 | ||||||||||||||||||||||||||||
| As\u00a0of December 31, | |||||||||||
| 2024 | 2023 | ||||||||||
| (in thousands) | |||||||||||
Derivatives designated as hedging instruments: | |||||||||||
Foreign exchange contracts | |||||||||||
Cash flow hedges | $ | 18,508,390\u00a0 | $ | 8,783,273\u00a0 | |||||||
| Fair value hedges | 3,819,817\u00a0 | \u2014\u00a0 | |||||||||
Derivatives not designated as hedging instruments: | |||||||||||
Foreign exchange contracts | 1,432,136\u00a0 | \u2014\u00a0 | |||||||||
Total | $ | 23,760,343\u00a0 | $ | 8,783,273\u00a0 |
| \u00a0 | As of December 31, 2024 | ||||||||||||||||||||||
| Derivative Assets | Derivative Liabilities | ||||||||||||||||||||||
| \u00a0 | Other current assets | Other non-current assets | Accrued expenses and other liabilities | Other non-current liabilities | |||||||||||||||||||
| \u00a0 | (in thousands) | ||||||||||||||||||||||
| Derivatives designated as hedging instruments: | |||||||||||||||||||||||
| Foreign exchange contracts | $ | 580,065\u00a0 | $ | 406,677\u00a0 | $ | 303,425\u00a0 | $ | 83\u00a0 | |||||||||||||||
| Derivatives not designated as hedging instruments: | |||||||||||||||||||||||
| Foreign exchange contracts | 16,211\u00a0 | \u2014\u00a0 | 14,492\u00a0 | \u2014\u00a0 | |||||||||||||||||||
| Total | $ | 596,276\u00a0 | $ | 406,677\u00a0 | $ | 317,917\u00a0 | $ | 83\u00a0 | |||||||||||||||
| \u00a0 | As of December 31, 2023 | ||||||||||||||||||||||
| Derivative Assets | Derivative Liabilities | ||||||||||||||||||||||
| \u00a0 | Other current assets | Other non-current assets | Accrued expenses and other liabilities | Other non-current liabilities | |||||||||||||||||||
| \u00a0 | (in thousands) | ||||||||||||||||||||||
| Derivatives designated as hedging instruments: | |||||||||||||||||||||||
| Foreign exchange contracts | $ | 26,416\u00a0 | $ | 4,518\u00a0 | $ | 140,089\u00a0 | $ | 46,575\u00a0 | |||||||||||||||
| Derivatives not designated as hedging instruments: | |||||||||||||||||||||||
| Foreign exchange contracts | \u2014\u00a0 | \u2014\u00a0 | \u2014\u00a0 | \u2014\u00a0 | |||||||||||||||||||
| Total | $ | 26,416\u00a0 | $ | 4,518\u00a0 | $ | 140,089\u00a0 | $ | 46,575\u00a0 | |||||||||||||||
| \u00a0 | As of December 31, 2024 | ||||||||||||||||||||||||||||||||||
| Gross Amount Not Offset in the Consolidated Balance Sheets | |||||||||||||||||||||||||||||||||||
| \u00a0 | Gross Amount Recognized in the Consolidated Balance Sheets | Gross Amount Offset in the Consolidated Balance Sheets | Net Amount Presented in the Consolidated Balance Sheets | Financial Instruments | Collateral Received and Posted | Net Amount | |||||||||||||||||||||||||||||
| \u00a0 | (in thousands) | ||||||||||||||||||||||||||||||||||
| Derivative assets | $ | 1,002,953\u00a0 | $ | \u2014\u00a0 | $ | 1,002,953\u00a0 | $ | (316,320) | $ | (1,800) | $ | 684,833\u00a0 | |||||||||||||||||||||||
| Derivative liabilities | 318,000\u00a0 | \u2014\u00a0 | 318,000\u00a0 | (316,320) | \u2014\u00a0 | $ | 1,680\u00a0 | ||||||||||||||||||||||||||||
| \u00a0 | As of December 31, 2023 | ||||||||||||||||||||||||||||||||||
| Gross Amount Not Offset in the Consolidated Balance Sheets | |||||||||||||||||||||||||||||||||||
| \u00a0 | Gross Amount Recognized in the Consolidated Balance Sheets | Gross Amount Offset in the Consolidated Balance Sheets | Net Amount Presented in the Consolidated Balance Sheets | Financial Instruments | Collateral Received and Posted | Net Amount | |||||||||||||||||||||||||||||
| \u00a0 | (in thousands) | ||||||||||||||||||||||||||||||||||
| Derivative assets | $ | 30,934\u00a0 | $ | \u2014\u00a0 | $ | 30,934\u00a0 | $ | (27,246) | $ | \u2014\u00a0 | $ | 3,688\u00a0 | |||||||||||||||||||||||
| Derivative liabilities | 186,664\u00a0 | \u2014\u00a0 | 186,664\u00a0 | (27,246) | \u2014\u00a0 | 159,418\u00a0 | |||||||||||||||||||||||||||||
| Year Ended December 31, | |||||||||||||||||
| 2024 | 2023 | 2022 | |||||||||||||||
| (in thousands) | |||||||||||||||||
| Cash flow hedges: | |||||||||||||||||
| Foreign exchange contracts | |||||||||||||||||
| Amount included in the assessment of effectiveness | $ | 1,195,738\u00a0 | $ | (155,730) | $ | \u2014\u00a0 | |||||||||||
| Fair value hedges: | |||||||||||||||||
| Foreign exchange contracts | |||||||||||||||||
| Amount excluded from the assessment of effectiveness | (14,334) | \u2014\u00a0 | \u2014\u00a0 | ||||||||||||||
| Net investment hedges: | |||||||||||||||||
| Foreign currency-denominated debt | |||||||||||||||||
| Amount included in the assessment of effectiveness | 32,400\u00a0 | \u2014\u00a0 | \u2014\u00a0 | ||||||||||||||
| Total | $ | 1,213,804\u00a0 | $ | (155,730) | $ | \u2014\u00a0 |
| Year Ended December 31, | |||||||||||||||||
| 2024 | |||||||||||||||||
| Revenues | Cost of Revenues | Interest and other income (expense) | |||||||||||||||
| (in thousands) | |||||||||||||||||
| Total amounts presented in the Consolidated Statements of Operations | $ | 39,000,966\u00a0 | $ | 21,038,464\u00a0 | $ | 266,776\u00a0 | |||||||||||
| Gains on derivatives in cash flow hedging relationship | |||||||||||||||||
| Foreign exchange contracts | |||||||||||||||||
| Amount of gains reclassified from AOCI | 124,010\u00a0 | 1,629\u00a0 | \u2014\u00a0 | ||||||||||||||
| Gains (losses) on derivatives in fair value hedging relationship | |||||||||||||||||
| Foreign exchange contracts | |||||||||||||||||
| Hedged items | \u2014\u00a0 | \u2014\u00a0 | 196,660\u00a0 | ||||||||||||||
| Derivatives designated as hedging instruments | \u2014\u00a0 | \u2014\u00a0 | (201,239) | ||||||||||||||
| Amount excluded from assessment of effectiveness and recognized in earnings based on amortization approach | \u2014\u00a0 | \u2014\u00a0 | (23,567) | ||||||||||||||
| Gains on derivatives not designated as hedging instruments | |||||||||||||||||
| Foreign exchange contracts | \u2014\u00a0 | \u2014\u00a0 | 63,291\u00a0 |
| As\u00a0of December 31, | |||||||||||
| 2024 | 2023 | ||||||||||
| (in thousands) | |||||||||||
Derivatives designated as hedging instruments: | |||||||||||
Foreign exchange contracts | |||||||||||
Cash flow hedges | $ | 18,508,390\u00a0 | $ | 8,783,273\u00a0 | |||||||
| Fair value hedges | 3,819,817\u00a0 | \u2014\u00a0 | |||||||||
Derivatives not designated as hedging instruments: | |||||||||||
Foreign exchange contracts | 1,432,136\u00a0 | \u2014\u00a0 | |||||||||
Total | $ | 23,760,343\u00a0 | $ | 8,783,273\u00a0 |
| \u00a0 | As of December 31, 2024 | ||||||||||||||||||||||
| Derivative Assets | Derivative Liabilities | ||||||||||||||||||||||
| \u00a0 | Other current assets | Other non-current assets | Accrued expenses and other liabilities | Other non-current liabilities | |||||||||||||||||||
| \u00a0 | (in thousands) | ||||||||||||||||||||||
| Derivatives designated as hedging instruments: | |||||||||||||||||||||||
| Foreign exchange contracts | $ | 580,065\u00a0 | $ | 406,677\u00a0 | $ | 303,425\u00a0 | $ | 83\u00a0 | |||||||||||||||
| Derivatives not designated as hedging instruments: | |||||||||||||||||||||||
| Foreign exchange contracts | 16,211\u00a0 | \u2014\u00a0 | 14,492\u00a0 | \u2014\u00a0 | |||||||||||||||||||
| Total | $ | 596,276\u00a0 | $ | 406,677\u00a0 | $ | 317,917\u00a0 | $ | 83\u00a0 | |||||||||||||||
| \u00a0 | As of December 31, 2023 | ||||||||||||||||||||||
| Derivative Assets | Derivative Liabilities | ||||||||||||||||||||||
| \u00a0 | Other current assets | Other non-current assets | Accrued expenses and other liabilities | Other non-current liabilities | |||||||||||||||||||
| \u00a0 | (in thousands) | ||||||||||||||||||||||
| Derivatives designated as hedging instruments: | |||||||||||||||||||||||
| Foreign exchange contracts | $ | 26,416\u00a0 | $ | 4,518\u00a0 | $ | 140,089\u00a0 | $ | 46,575\u00a0 | |||||||||||||||
| Derivatives not designated as hedging instruments: | |||||||||||||||||||||||
| Foreign exchange contracts | \u2014\u00a0 | \u2014\u00a0 | \u2014\u00a0 | \u2014\u00a0 | |||||||||||||||||||
| Total | $ | 26,416\u00a0 | $ | 4,518\u00a0 | $ | 140,089\u00a0 | $ | 46,575\u00a0 | |||||||||||||||
| \u00a0 | As of December 31, 2024 | ||||||||||||||||||||||||||||||||||
| Gross Amount Not Offset in the Consolidated Balance Sheets | |||||||||||||||||||||||||||||||||||
| \u00a0 | Gross Amount Recognized in the Consolidated Balance Sheets | Gross Amount Offset in the Consolidated Balance Sheets | Net Amount Presented in the Consolidated Balance Sheets | Financial Instruments | Collateral Received and Posted | Net Amount | |||||||||||||||||||||||||||||
| \u00a0 | (in thousands) | ||||||||||||||||||||||||||||||||||
| Derivative assets | $ | 1,002,953\u00a0 | $ | \u2014\u00a0 | $ | 1,002,953\u00a0 | $ | (316,320) | $ | (1,800) | $ | 684,833\u00a0 | |||||||||||||||||||||||
| Derivative liabilities | 318,000\u00a0 | \u2014\u00a0 | 318,000\u00a0 | (316,320) | \u2014\u00a0 | $ | 1,680\u00a0 | ||||||||||||||||||||||||||||
| \u00a0 | As of December 31, 2023 | ||||||||||||||||||||||||||||||||||
| Gross Amount Not Offset in the Consolidated Balance Sheets | |||||||||||||||||||||||||||||||||||
| \u00a0 | Gross Amount Recognized in the Consolidated Balance Sheets | Gross Amount Offset in the Consolidated Balance Sheets | Net Amount Presented in the Consolidated Balance Sheets | Financial Instruments | Collateral Received and Posted | Net Amount | |||||||||||||||||||||||||||||
| \u00a0 | (in thousands) | ||||||||||||||||||||||||||||||||||
| Derivative assets | $ | 30,934\u00a0 | $ | \u2014\u00a0 | $ | 30,934\u00a0 | $ | (27,246) | $ | \u2014\u00a0 | $ | 3,688\u00a0 | |||||||||||||||||||||||
| Derivative liabilities | 186,664\u00a0 | \u2014\u00a0 | 186,664\u00a0 | (27,246) | \u2014\u00a0 | 159,418\u00a0 | |||||||||||||||||||||||||||||
| Year Ended December 31, | |||||||||||||||||
| 2024 | 2023 | 2022 | |||||||||||||||
| (in thousands) | |||||||||||||||||
| Cash flow hedges: | |||||||||||||||||
| Foreign exchange contracts | |||||||||||||||||
| Amount included in the assessment of effectiveness | $ | 1,195,738\u00a0 | $ | (155,730) | $ | \u2014\u00a0 | |||||||||||
| Fair value hedges: | |||||||||||||||||
| Foreign exchange contracts | |||||||||||||||||
| Amount excluded from the assessment of effectiveness | (14,334) | \u2014\u00a0 | \u2014\u00a0 | ||||||||||||||
| Net investment hedges: | |||||||||||||||||
| Foreign currency-denominated debt | |||||||||||||||||
| Amount included in the assessment of effectiveness | 32,400\u00a0 | \u2014\u00a0 | \u2014\u00a0 | ||||||||||||||
| Total | $ | 1,213,804\u00a0 | $ | (155,730) | $ | \u2014\u00a0 |
| Year Ended December 31, | |||||||||||||||||
| 2024 | |||||||||||||||||
| Revenues | Cost of Revenues | Interest and other income (expense) | |||||||||||||||
| (in thousands) | |||||||||||||||||
| Total amounts presented in the Consolidated Statements of Operations | $ | 39,000,966\u00a0 | $ | 21,038,464\u00a0 | $ | 266,776\u00a0 | |||||||||||
| Gains on derivatives in cash flow hedging relationship | |||||||||||||||||
| Foreign exchange contracts | |||||||||||||||||
| Amount of gains reclassified from AOCI | 124,010\u00a0 | 1,629\u00a0 | \u2014\u00a0 | ||||||||||||||
| Gains (losses) on derivatives in fair value hedging relationship | |||||||||||||||||
| Foreign exchange contracts | |||||||||||||||||
| Hedged items | \u2014\u00a0 | \u2014\u00a0 | 196,660\u00a0 | ||||||||||||||
| Derivatives designated as hedging instruments | \u2014\u00a0 | \u2014\u00a0 | (201,239) | ||||||||||||||
| Amount excluded from assessment of effectiveness and recognized in earnings based on amortization approach | \u2014\u00a0 | \u2014\u00a0 | (23,567) | ||||||||||||||
| Gains on derivatives not designated as hedging instruments | |||||||||||||||||
| Foreign exchange contracts | \u2014\u00a0 | \u2014\u00a0 | 63,291\u00a0 |
| As of December 31, | |||||||||||
| 2024 | 2023 | ||||||||||
| \u00a0 | (in\u00a0thousands) | ||||||||||
| Less than one year | $ | 11,424,696\u00a0 | $ | 10,328,923\u00a0 | |||||||
| Due after one year and through three years | 8,113,910\u00a0 | 8,784,302\u00a0 | |||||||||
| Due after three years and through five years | 2,809,834\u00a0 | 2,016,358\u00a0 | |||||||||
| Due after five years | 900,491\u00a0 | 583,766\u00a0 | |||||||||
| Total content obligations | $ | 23,248,931\u00a0 | $ | 21,713,349\u00a0 |
| As of December 31, | |||||||||||
| 2024 | 2023 | ||||||||||
| \u00a0 | (in\u00a0thousands) | ||||||||||
| Less than one year | $ | 11,424,696\u00a0 | $ | 10,328,923\u00a0 | |||||||
| Due after one year and through three years | 8,113,910\u00a0 | 8,784,302\u00a0 | |||||||||
| Due after three years and through five years | 2,809,834\u00a0 | 2,016,358\u00a0 | |||||||||
| Due after five years | 900,491\u00a0 | 583,766\u00a0 | |||||||||
| Total content obligations | $ | 23,248,931\u00a0 | $ | 21,713,349\u00a0 |
| \u00a0 | Options Outstanding | ||||||||||||||||||||||
| \u00a0 | Number of Shares | Weighted- Average Exercise Price (per share) | Weighted- Average Remaining Contractual Term (in years) | Aggregate Intrinsic Value (in thousands) | |||||||||||||||||||
| Balances as of December 31, 2021 | 17,595,851\u00a0 | $ | 219.83\u00a0 | ||||||||||||||||||||
| Granted | 3,691,257\u00a0 | 267.94\u00a0 | |||||||||||||||||||||
| Exercised | (1,383,669) | 27.19\u00a0 | |||||||||||||||||||||
| Expired | (6,578) | 11.10\u00a0 | |||||||||||||||||||||
| Balances as of December 31, 2022 | 19,896,861\u00a0 | $ | 242.22\u00a0 | ||||||||||||||||||||
| Granted | 1,729,218\u00a0 | 372.49\u00a0 | |||||||||||||||||||||
| Exercised | (1,926,598) | 87.30\u00a0 | |||||||||||||||||||||
| Expired | (4,372) | 36.39\u00a0 | |||||||||||||||||||||
| Balances as of December 31, 2023 | 19,695,109\u00a0 | $ | 268.86\u00a0 | ||||||||||||||||||||
| Granted | 575,856\u00a0 | 620.92\u00a0 | |||||||||||||||||||||
| Exercised | (4,846,048) | 172.17\u00a0 | |||||||||||||||||||||
| Expired | (5,915) | 56.05\u00a0 | |||||||||||||||||||||
| Balances as of December 31, 2024 | 15,419,002\u00a0 | $ | 312.48\u00a0 | 5.16 | $ | 8,925,315\u00a0 | |||||||||||||||||
Vested and expected to vest as of December\u00a031, 2024 | 15,419,002\u00a0 | $ | 312.48\u00a0 | 5.16 | $ | 8,925,315\u00a0 | |||||||||||||||||
Exercisable as of December\u00a031, 2024 | 15,401,292\u00a0 | $ | 312.30\u00a0 | 5.16 | $ | 8,917,827\u00a0 |
Year Ended December 31, | ||||||||||||||||||||
| 2024 | 2023 | 2022 | ||||||||||||||||||
| (in thousands) | ||||||||||||||||||||
| Total intrinsic value of options exercised | $ | 2,352,829\u00a0 | $ | 610,594\u00a0 | $ | 345,839\u00a0 | ||||||||||||||
| Cash received from options exercised | 832,887\u00a0 | 169,990\u00a0 | 35,746\u00a0 |
| Unvested Restricted Stock Units | |||||||||||
| Number\u00a0of Shares | Weighted- Average Grant-Date Fair Value (per share) | ||||||||||
| Balances as of December 31, 2023 | \u2014\u00a0 | $ | \u2014\u00a0 | ||||||||
| Granted (1) | 159,978\u00a0 | 686.36 | |||||||||
| Vested (1) | (26,660) | 562.00\u00a0 | |||||||||
| Forfeited | \u2014\u00a0 | \u2014\u00a0 | |||||||||
| Balances as of December 31, 2024 | 133,318\u00a0 | $ | 711.23\u00a0 |
| Year Ended December 31, | ||||||||||||||||||||
| 2024 | 2023 | 2022 | ||||||||||||||||||
| (in thousands) | ||||||||||||||||||||
| Total stock-based compensation expense | $ | 272,588\u00a0 | $ | 339,368\u00a0 | $ | 575,452\u00a0 | ||||||||||||||
| Total income tax impact on provision | 43,876\u00a0 | 61,588\u00a0 | 127,289\u00a0 |
| Foreign Currency Translation Adjustments | Net Investment Hedge Gains (Losses) | Change in Unrealized Gains (Losses) on Cash Flow Hedges | Change in Unrealized Gains (Losses) on Excluded Component of Fair Value Hedges | Change in Unrealized Gains (Losses) on AFS Securities | Tax (Expense) Benefit | Total | |||||||||||||||||||||||||||||||||||
| (in thousands) | |||||||||||||||||||||||||||||||||||||||||
| Balances as of December 31, 2021 | $ | (40,495) | $ | \u2014\u00a0 | $ | \u2014\u00a0 | $ | \u2014\u00a0 | $ | \u2014\u00a0 | $ | \u2014\u00a0 | $ | (40,495) | |||||||||||||||||||||||||||
Other comprehensive income (loss) before reclassifications | (176,811) | \u2014\u00a0 | \u2014\u00a0 | \u2014\u00a0 | \u2014\u00a0 | \u2014\u00a0 | (176,811) | ||||||||||||||||||||||||||||||||||
Amounts reclassified from accumulated other comprehensive income (loss) | \u2014\u00a0 | \u2014\u00a0 | \u2014\u00a0 | \u2014\u00a0 | \u2014\u00a0 | \u2014\u00a0 | \u2014\u00a0 | ||||||||||||||||||||||||||||||||||
Net change in accumulated other comprehensive income (loss) | (176,811) | \u2014\u00a0 | \u2014\u00a0 | \u2014\u00a0 | \u2014\u00a0 | \u2014\u00a0 | (176,811) | ||||||||||||||||||||||||||||||||||
| Balances as of December 31, 2022 | (217,306) | \u2014\u00a0 | \u2014\u00a0 | \u2014\u00a0 | \u2014\u00a0 | \u2014\u00a0 | (217,306) | ||||||||||||||||||||||||||||||||||
Other comprehensive income (loss) before reclassifications | 113,384\u00a0 | \u2014\u00a0 | (155,730) | \u2014\u00a0 | \u2014\u00a0 | 35,707\u00a0 | (6,639) | ||||||||||||||||||||||||||||||||||
Amounts reclassified from accumulated other comprehensive income (loss) | \u2014\u00a0 | \u2014\u00a0 | \u2014\u00a0 | \u2014\u00a0 | \u2014\u00a0 | \u2014\u00a0 | \u2014\u00a0 | ||||||||||||||||||||||||||||||||||
Net change in accumulated other comprehensive income (loss) | 113,384\u00a0 | \u2014\u00a0 | (155,730) | \u2014\u00a0 | \u2014\u00a0 | 35,707\u00a0 | (6,639) | ||||||||||||||||||||||||||||||||||
| Balances as of December 31, 2023 | (103,922) | \u2014\u00a0 | (155,730) | \u2014\u00a0 | \u2014\u00a0 | 35,707\u00a0 | (223,945) | ||||||||||||||||||||||||||||||||||
Other comprehensive income (loss) before reclassifications | (272,911) | 32,400\u00a0 | 1,195,738\u00a0 | (14,334) | 3,260\u00a0 | (279,408) | 664,745\u00a0 | ||||||||||||||||||||||||||||||||||
Amounts reclassified from accumulated other comprehensive income (loss) | \u2014\u00a0 | \u2014\u00a0 | (125,639) | 23,567\u00a0 | \u2014\u00a0 | 23,434\u00a0 | (78,638) | ||||||||||||||||||||||||||||||||||
Net change in accumulated other comprehensive income (loss) | (272,911) | 32,400\u00a0 | 1,070,099\u00a0 | 9,233\u00a0 | 3,260\u00a0 | (255,974) | 586,107\u00a0 | ||||||||||||||||||||||||||||||||||
| Balances as of December 31, 2024 | $ | (376,833) | $ | 32,400\u00a0 | $ | 914,369\u00a0 | $ | 9,233\u00a0 | $ | 3,260\u00a0 | $ | (220,267) | $ | 362,162\u00a0 |
| Year Ended December 31, | |||||||||||||||||||||||||||||
| 2024 | |||||||||||||||||||||||||||||
| Revenues | Cost of Revenues | Interest and other income (expense) | Provision for Income Taxes | Total Reclassifications | |||||||||||||||||||||||||
| (in thousands) | |||||||||||||||||||||||||||||
| Gains (losses) on derivatives in cash flow hedging relationship | |||||||||||||||||||||||||||||
| Foreign exchange contracts | |||||||||||||||||||||||||||||
| Amount of gains (losses) reclassified from AOCI | $ | 124,010\u00a0 | $ | 1,629\u00a0 | $ | \u2014\u00a0 | $ | (28,844) | $ | 96,795\u00a0 | |||||||||||||||||||
| Gains (losses) on derivatives in fair value hedging relationship | |||||||||||||||||||||||||||||
| Foreign exchange contracts | |||||||||||||||||||||||||||||
| Amount excluded from assessment of effectiveness and recognized in earnings based on amortization approach | \u2014\u00a0 | \u2014\u00a0 | (23,567) | 5,410\u00a0 | (18,157) | ||||||||||||||||||||||||
| Total | $ | 124,010\u00a0 | $ | 1,629\u00a0 | $ | (23,567) | $ | (23,434) | $ | 78,638\u00a0 |
| \u00a0 | Options Outstanding | ||||||||||||||||||||||
| \u00a0 | Number of Shares | Weighted- Average Exercise Price (per share) | Weighted- Average Remaining Contractual Term (in years) | Aggregate Intrinsic Value (in thousands) | |||||||||||||||||||
| Balances as of December 31, 2021 | 17,595,851\u00a0 | $ | 219.83\u00a0 | ||||||||||||||||||||
| Granted | 3,691,257\u00a0 | 267.94\u00a0 | |||||||||||||||||||||
| Exercised | (1,383,669) | 27.19\u00a0 | |||||||||||||||||||||
| Expired | (6,578) | 11.10\u00a0 | |||||||||||||||||||||
| Balances as of December 31, 2022 | 19,896,861\u00a0 | $ | 242.22\u00a0 | ||||||||||||||||||||
| Granted | 1,729,218\u00a0 | 372.49\u00a0 | |||||||||||||||||||||
| Exercised | (1,926,598) | 87.30\u00a0 | |||||||||||||||||||||
| Expired | (4,372) | 36.39\u00a0 | |||||||||||||||||||||
| Balances as of December 31, 2023 | 19,695,109\u00a0 | $ | 268.86\u00a0 | ||||||||||||||||||||
| Granted | 575,856\u00a0 | 620.92\u00a0 | |||||||||||||||||||||
| Exercised | (4,846,048) | 172.17\u00a0 | |||||||||||||||||||||
| Expired | (5,915) | 56.05\u00a0 | |||||||||||||||||||||
| Balances as of December 31, 2024 | 15,419,002\u00a0 | $ | 312.48\u00a0 | 5.16 | $ | 8,925,315\u00a0 | |||||||||||||||||
Vested and expected to vest as of December\u00a031, 2024 | 15,419,002\u00a0 | $ | 312.48\u00a0 | 5.16 | $ | 8,925,315\u00a0 | |||||||||||||||||
Exercisable as of December\u00a031, 2024 | 15,401,292\u00a0 | $ | 312.30\u00a0 | 5.16 | $ | 8,917,827\u00a0 |
Year Ended December 31, | ||||||||||||||||||||
| 2024 | 2023 | 2022 | ||||||||||||||||||
| (in thousands) | ||||||||||||||||||||
| Total intrinsic value of options exercised | $ | 2,352,829\u00a0 | $ | 610,594\u00a0 | $ | 345,839\u00a0 | ||||||||||||||
| Cash received from options exercised | 832,887\u00a0 | 169,990\u00a0 | 35,746\u00a0 |
| Unvested Restricted Stock Units | |||||||||||
| Number\u00a0of Shares | Weighted- Average Grant-Date Fair Value (per share) | ||||||||||
| Balances as of December 31, 2023 | \u2014\u00a0 | $ | \u2014\u00a0 | ||||||||
| Granted (1) | 159,978\u00a0 | 686.36 | |||||||||
| Vested (1) | (26,660) | 562.00\u00a0 | |||||||||
| Forfeited | \u2014\u00a0 | \u2014\u00a0 | |||||||||
| Balances as of December 31, 2024 | 133,318\u00a0 | $ | 711.23\u00a0 |
| Year Ended December 31, | ||||||||||||||||||||
| 2024 | 2023 | 2022 | ||||||||||||||||||
| (in thousands) | ||||||||||||||||||||
| Total stock-based compensation expense | $ | 272,588\u00a0 | $ | 339,368\u00a0 | $ | 575,452\u00a0 | ||||||||||||||
| Total income tax impact on provision | 43,876\u00a0 | 61,588\u00a0 | 127,289\u00a0 |
| Foreign Currency Translation Adjustments | Net Investment Hedge Gains (Losses) | Change in Unrealized Gains (Losses) on Cash Flow Hedges | Change in Unrealized Gains (Losses) on Excluded Component of Fair Value Hedges | Change in Unrealized Gains (Losses) on AFS Securities | Tax (Expense) Benefit | Total | |||||||||||||||||||||||||||||||||||
| (in thousands) | |||||||||||||||||||||||||||||||||||||||||
| Balances as of December 31, 2021 | $ | (40,495) | $ | \u2014\u00a0 | $ | \u2014\u00a0 | $ | \u2014\u00a0 | $ | \u2014\u00a0 | $ | \u2014\u00a0 | $ | (40,495) | |||||||||||||||||||||||||||
Other comprehensive income (loss) before reclassifications | (176,811) | \u2014\u00a0 | \u2014\u00a0 | \u2014\u00a0 | \u2014\u00a0 | \u2014\u00a0 | (176,811) | ||||||||||||||||||||||||||||||||||
Amounts reclassified from accumulated other comprehensive income (loss) | \u2014\u00a0 | \u2014\u00a0 | \u2014\u00a0 | \u2014\u00a0 | \u2014\u00a0 | \u2014\u00a0 | \u2014\u00a0 | ||||||||||||||||||||||||||||||||||
Net change in accumulated other comprehensive income (loss) | (176,811) | \u2014\u00a0 | \u2014\u00a0 | \u2014\u00a0 | \u2014\u00a0 | \u2014\u00a0 | (176,811) | ||||||||||||||||||||||||||||||||||
| Balances as of December 31, 2022 | (217,306) | \u2014\u00a0 | \u2014\u00a0 | \u2014\u00a0 | \u2014\u00a0 | \u2014\u00a0 | (217,306) | ||||||||||||||||||||||||||||||||||
Other comprehensive income (loss) before reclassifications | 113,384\u00a0 | \u2014\u00a0 | (155,730) | \u2014\u00a0 | \u2014\u00a0 | 35,707\u00a0 | (6,639) | ||||||||||||||||||||||||||||||||||
Amounts reclassified from accumulated other comprehensive income (loss) | \u2014\u00a0 | \u2014\u00a0 | \u2014\u00a0 | \u2014\u00a0 | \u2014\u00a0 | \u2014\u00a0 | \u2014\u00a0 | ||||||||||||||||||||||||||||||||||
Net change in accumulated other comprehensive income (loss) | 113,384\u00a0 | \u2014\u00a0 | (155,730) | \u2014\u00a0 | \u2014\u00a0 | 35,707\u00a0 | (6,639) | ||||||||||||||||||||||||||||||||||
| Balances as of December 31, 2023 | (103,922) | \u2014\u00a0 | (155,730) | \u2014\u00a0 | \u2014\u00a0 | 35,707\u00a0 | (223,945) | ||||||||||||||||||||||||||||||||||
Other comprehensive income (loss) before reclassifications | (272,911) | 32,400\u00a0 | 1,195,738\u00a0 | (14,334) | 3,260\u00a0 | (279,408) | 664,745\u00a0 | ||||||||||||||||||||||||||||||||||
Amounts reclassified from accumulated other comprehensive income (loss) | \u2014\u00a0 | \u2014\u00a0 | (125,639) | 23,567\u00a0 | \u2014\u00a0 | 23,434\u00a0 | (78,638) | ||||||||||||||||||||||||||||||||||
Net change in accumulated other comprehensive income (loss) | (272,911) | 32,400\u00a0 | 1,070,099\u00a0 | 9,233\u00a0 | 3,260\u00a0 | (255,974) | 586,107\u00a0 | ||||||||||||||||||||||||||||||||||
| Balances as of December 31, 2024 | $ | (376,833) | $ | 32,400\u00a0 | $ | 914,369\u00a0 | $ | 9,233\u00a0 | $ | 3,260\u00a0 | $ | (220,267) | $ | 362,162\u00a0 |
| Year Ended December 31, | |||||||||||||||||||||||||||||
| 2024 | |||||||||||||||||||||||||||||
| Revenues | Cost of Revenues | Interest and other income (expense) | Provision for Income Taxes | Total Reclassifications | |||||||||||||||||||||||||
| (in thousands) | |||||||||||||||||||||||||||||
| Gains (losses) on derivatives in cash flow hedging relationship | |||||||||||||||||||||||||||||
| Foreign exchange contracts | |||||||||||||||||||||||||||||
| Amount of gains (losses) reclassified from AOCI | $ | 124,010\u00a0 | $ | 1,629\u00a0 | $ | \u2014\u00a0 | $ | (28,844) | $ | 96,795\u00a0 | |||||||||||||||||||
| Gains (losses) on derivatives in fair value hedging relationship | |||||||||||||||||||||||||||||
| Foreign exchange contracts | |||||||||||||||||||||||||||||
| Amount excluded from assessment of effectiveness and recognized in earnings based on amortization approach | \u2014\u00a0 | \u2014\u00a0 | (23,567) | 5,410\u00a0 | (18,157) | ||||||||||||||||||||||||
| Total | $ | 124,010\u00a0 | $ | 1,629\u00a0 | $ | (23,567) | $ | (23,434) | $ | 78,638\u00a0 |
| \u00a0 | Year Ended December\u00a031, | ||||||||||||||||
| \u00a0 | 2024 | 2023 | 2022 | ||||||||||||||
| \u00a0 | (in thousands) | ||||||||||||||||
| United States | $ | 9,101,391\u00a0 | $ | 5,602,762\u00a0 | $ | 4,623,218\u00a0 | |||||||||||
| Foreign | 864,266\u00a0 | 602,643\u00a0 | 640,711\u00a0 | ||||||||||||||
| Income before income taxes | $ | 9,965,657\u00a0 | $ | 6,205,405\u00a0 | $ | 5,263,929\u00a0 |
| \u00a0 | Year Ended December\u00a031, | ||||||||||||||||
| \u00a0 | 2024 | 2023 | 2022 | ||||||||||||||
| \u00a0 | (in thousands) | ||||||||||||||||
| Current tax provision: | |||||||||||||||||
| Federal | $ | 1,093,667\u00a0 | $ | 854,170\u00a0 | $ | 109,910\u00a0 | |||||||||||
| State | 214,814\u00a0 | 181,684\u00a0 | 119,795\u00a0 | ||||||||||||||
| Foreign | 536,915\u00a0 | 304,539\u00a0 | 676,827\u00a0 | ||||||||||||||
| Total current | 1,845,396\u00a0 | 1,340,393\u00a0 | 906,532\u00a0 | ||||||||||||||
| Deferred tax provision: | |||||||||||||||||
| Federal | (520,510) | (412,760) | (52,434) | ||||||||||||||
| State | (41,700) | (55,475) | (30,691) | ||||||||||||||
| Foreign | (29,160) | (74,743) | (51,402) | ||||||||||||||
| Total deferred | (591,370) | (542,978) | (134,527) | ||||||||||||||
| Provision for income taxes | $ | 1,254,026\u00a0 | $ | 797,415\u00a0 | $ | 772,005\u00a0 |
| \u00a0 | Year Ended December\u00a031, | ||||||||||||||||
| \u00a0 | 2024 | 2023 | 2022 | ||||||||||||||
| \u00a0 | (in thousands) | ||||||||||||||||
| Expected tax expense at U.S. Federal statutory tax rate | $ | 2,092,710\u00a0 | $ | 1,303,123\u00a0 | $ | 1,105,428\u00a0 | |||||||||||
| State income taxes, net of Federal income tax effect | 166,311\u00a0 | 104,717\u00a0 | 92,084\u00a0 | ||||||||||||||
| Foreign earnings at other than U.S. rates | 13,909\u00a0 | (32,292) | 104,665\u00a0 | ||||||||||||||
| Research and development tax credit | (185,312) | (87,036) | (146,615) | ||||||||||||||
| Excess tax benefits on stock-based compensation | (435,909) | (119,043) | (75,211) | ||||||||||||||
| Foreign-derived intangible income deduction | (502,968) | (426,597) | (361,013) | ||||||||||||||
| Nontaxable and nondeductible items | 70,386\u00a0 | 41,782\u00a0 | 44,046\u00a0 | ||||||||||||||
| Other | 34,899\u00a0 | 12,761\u00a0 | 8,621\u00a0 | ||||||||||||||
| Provision for income taxes | $ | 1,254,026\u00a0 | $ | 797,415\u00a0 | $ | 772,005\u00a0 | |||||||||||
| Effective Tax Rate | 13\u00a0 | % | 13\u00a0 | % | 15\u00a0 | % |
| \u00a0 | As of\u00a0December\u00a031, | ||||||||||
| \u00a0 | 2024 | 2023 | |||||||||
| \u00a0 | (in thousands) | ||||||||||
| Deferred tax assets: | |||||||||||
| Stock-based compensation | $ | 440,889\u00a0 | $ | 486,876\u00a0 | |||||||
| Tax credits and net operating loss carryforwards | 834,402\u00a0 | 544,431\u00a0 | |||||||||
| Capitalized research expenses | 1,075,474\u00a0 | 593,439\u00a0 | |||||||||
| Accruals and reserves | 152,142\u00a0 | 137,251\u00a0 | |||||||||
| Operating lease liabilities | 522,489\u00a0 | 516,574\u00a0 | |||||||||
| OCI hedging losses | \u2014\u00a0 | 35,707\u00a0 | |||||||||
| Unrealized losses | 12,157\u00a0 | 26,506\u00a0 | |||||||||
| Other | 18,197\u00a0 | 11,615\u00a0 | |||||||||
| Total deferred tax assets | 3,055,750\u00a0 | 2,352,399\u00a0 | |||||||||
| Valuation allowance | (540,272) | (442,293) | |||||||||
| Net deferred tax assets | 2,515,478\u00a0 | 1,910,106\u00a0 | |||||||||
| Deferred tax liabilities: | |||||||||||
| Depreciation & amortization | (370,709) | (357,477) | |||||||||
| Operating right-of-use lease assets | (449,661) | (435,216) | |||||||||
| OCI hedging gains | (220,009) | \u2014\u00a0 | |||||||||
| \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0Acquired intangibles | (282,187) | (233,433) | |||||||||
| \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0Other | (15,354) | (9,430) | |||||||||
| Total deferred tax liabilities | (1,337,920) | (1,035,556) | |||||||||
| Net deferred tax assets | $ | 1,177,558\u00a0 | $ | 874,550\u00a0 |
| \u00a0 | As of\u00a0December\u00a031, | ||||||||||
| \u00a0 | 2024 | 2023 | |||||||||
| \u00a0 | (in thousands) | ||||||||||
| Total deferred tax assets: | |||||||||||
| Other non-current assets | $ | 1,290,160\u00a0 | $ | 1,000,760\u00a0 | |||||||
| Total deferred tax liabilities: | |||||||||||
| Other non-current liabilities | (112,602) | (126,210) | |||||||||
| Net deferred tax assets | $ | 1,177,558\u00a0 | $ | 874,550\u00a0 |
| As of\u00a0December\u00a031, | |||||||||||
| 2024 | 2023 | 2022 | |||||||||
| (in thousands) | |||||||||||
| Balance at the beginning of the year | $ | 327,105\u00a0 | $ | 226,977\u00a0 | $ | 202,557\u00a0 | |||||
| Increases related to tax positions taken during the current period | 93,325\u00a0 | 65,630\u00a0 | 26,865\u00a0 | ||||||||
| Increases related to tax positions taken during prior periods | 15,751\u00a0 | 76,794\u00a0 | \u2014\u00a0 | ||||||||
| Decreases related to tax positions taken during prior periods | (3,901) | (10,117) | (2,445) | ||||||||
| Decreases related to settlements with taxing authorities | \u2014\u00a0 | (32,179) | \u2014\u00a0 | ||||||||
| Decreases related to expiration of statute of limitations | \u2014\u00a0 | \u2014\u00a0 | \u2014\u00a0 | ||||||||
| Balance at the end of the year | $ | 432,280\u00a0 | $ | 327,105\u00a0 | $ | 226,977\u00a0 |
| \u00a0 | Year Ended December\u00a031, | ||||||||||||||||
| \u00a0 | 2024 | 2023 | 2022 | ||||||||||||||
| \u00a0 | (in thousands) | ||||||||||||||||
| United States | $ | 9,101,391\u00a0 | $ | 5,602,762\u00a0 | $ | 4,623,218\u00a0 | |||||||||||
| Foreign | 864,266\u00a0 | 602,643\u00a0 | 640,711\u00a0 | ||||||||||||||
| Income before income taxes | $ | 9,965,657\u00a0 | $ | 6,205,405\u00a0 | $ | 5,263,929\u00a0 |
| \u00a0 | Year Ended December\u00a031, | ||||||||||||||||
| \u00a0 | 2024 | 2023 | 2022 | ||||||||||||||
| \u00a0 | (in thousands) | ||||||||||||||||
| Current tax provision: | |||||||||||||||||
| Federal | $ | 1,093,667\u00a0 | $ | 854,170\u00a0 | $ | 109,910\u00a0 | |||||||||||
| State | 214,814\u00a0 | 181,684\u00a0 | 119,795\u00a0 | ||||||||||||||
| Foreign | 536,915\u00a0 | 304,539\u00a0 | 676,827\u00a0 | ||||||||||||||
| Total current | 1,845,396\u00a0 | 1,340,393\u00a0 | 906,532\u00a0 | ||||||||||||||
| Deferred tax provision: | |||||||||||||||||
| Federal | (520,510) | (412,760) | (52,434) | ||||||||||||||
| State | (41,700) | (55,475) | (30,691) | ||||||||||||||
| Foreign | (29,160) | (74,743) | (51,402) | ||||||||||||||
| Total deferred | (591,370) | (542,978) | (134,527) | ||||||||||||||
| Provision for income taxes | $ | 1,254,026\u00a0 | $ | 797,415\u00a0 | $ | 772,005\u00a0 |
| \u00a0 | Year Ended December\u00a031, | ||||||||||||||||
| \u00a0 | 2024 | 2023 | 2022 | ||||||||||||||
| \u00a0 | (in thousands) | ||||||||||||||||
| Expected tax expense at U.S. Federal statutory tax rate | $ | 2,092,710\u00a0 | $ | 1,303,123\u00a0 | $ | 1,105,428\u00a0 | |||||||||||
| State income taxes, net of Federal income tax effect | 166,311\u00a0 | 104,717\u00a0 | 92,084\u00a0 | ||||||||||||||
| Foreign earnings at other than U.S. rates | 13,909\u00a0 | (32,292) | 104,665\u00a0 | ||||||||||||||
| Research and development tax credit | (185,312) | (87,036) | (146,615) | ||||||||||||||
| Excess tax benefits on stock-based compensation | (435,909) | (119,043) | (75,211) | ||||||||||||||
| Foreign-derived intangible income deduction | (502,968) | (426,597) | (361,013) | ||||||||||||||
| Nontaxable and nondeductible items | 70,386\u00a0 | 41,782\u00a0 | 44,046\u00a0 | ||||||||||||||
| Other | 34,899\u00a0 | 12,761\u00a0 | 8,621\u00a0 | ||||||||||||||
| Provision for income taxes | $ | 1,254,026\u00a0 | $ | 797,415\u00a0 | $ | 772,005\u00a0 | |||||||||||
| Effective Tax Rate | 13\u00a0 | % | 13\u00a0 | % | 15\u00a0 | % |
| \u00a0 | As of\u00a0December\u00a031, | ||||||||||
| \u00a0 | 2024 | 2023 | |||||||||
| \u00a0 | (in thousands) | ||||||||||
| Deferred tax assets: | |||||||||||
| Stock-based compensation | $ | 440,889\u00a0 | $ | 486,876\u00a0 | |||||||
| Tax credits and net operating loss carryforwards | 834,402\u00a0 | 544,431\u00a0 | |||||||||
| Capitalized research expenses | 1,075,474\u00a0 | 593,439\u00a0 | |||||||||
| Accruals and reserves | 152,142\u00a0 | 137,251\u00a0 | |||||||||
| Operating lease liabilities | 522,489\u00a0 | 516,574\u00a0 | |||||||||
| OCI hedging losses | \u2014\u00a0 | 35,707\u00a0 | |||||||||
| Unrealized losses | 12,157\u00a0 | 26,506\u00a0 | |||||||||
| Other | 18,197\u00a0 | 11,615\u00a0 | |||||||||
| Total deferred tax assets | 3,055,750\u00a0 | 2,352,399\u00a0 | |||||||||
| Valuation allowance | (540,272) | (442,293) | |||||||||
| Net deferred tax assets | 2,515,478\u00a0 | 1,910,106\u00a0 | |||||||||
| Deferred tax liabilities: | |||||||||||
| Depreciation & amortization | (370,709) | (357,477) | |||||||||
| Operating right-of-use lease assets | (449,661) | (435,216) | |||||||||
| OCI hedging gains | (220,009) | \u2014\u00a0 | |||||||||
| \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0Acquired intangibles | (282,187) | (233,433) | |||||||||
| \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0Other | (15,354) | (9,430) | |||||||||
| Total deferred tax liabilities | (1,337,920) | (1,035,556) | |||||||||
| Net deferred tax assets | $ | 1,177,558\u00a0 | $ | 874,550\u00a0 |
| \u00a0 | As of\u00a0December\u00a031, | ||||||||||
| \u00a0 | 2024 | 2023 | |||||||||
| \u00a0 | (in thousands) | ||||||||||
| Total deferred tax assets: | |||||||||||
| Other non-current assets | $ | 1,290,160\u00a0 | $ | 1,000,760\u00a0 | |||||||
| Total deferred tax liabilities: | |||||||||||
| Other non-current liabilities | (112,602) | (126,210) | |||||||||
| Net deferred tax assets | $ | 1,177,558\u00a0 | $ | 874,550\u00a0 |
| As of\u00a0December\u00a031, | |||||||||||
| 2024 | 2023 | 2022 | |||||||||
| (in thousands) | |||||||||||
| Balance at the beginning of the year | $ | 327,105\u00a0 | $ | 226,977\u00a0 | $ | 202,557\u00a0 | |||||
| Increases related to tax positions taken during the current period | 93,325\u00a0 | 65,630\u00a0 | 26,865\u00a0 | ||||||||
| Increases related to tax positions taken during prior periods | 15,751\u00a0 | 76,794\u00a0 | \u2014\u00a0 | ||||||||
| Decreases related to tax positions taken during prior periods | (3,901) | (10,117) | (2,445) | ||||||||
| Decreases related to settlements with taxing authorities | \u2014\u00a0 | (32,179) | \u2014\u00a0 | ||||||||
| Decreases related to expiration of statute of limitations | \u2014\u00a0 | \u2014\u00a0 | \u2014\u00a0 | ||||||||
| Balance at the end of the year | $ | 432,280\u00a0 | $ | 327,105\u00a0 | $ | 226,977\u00a0 |
| \u00a0 | Year Ended December\u00a031, | ||||||||||||||||
| \u00a0 | 2024 | 2023 | 2022 | ||||||||||||||
| \u00a0 | (in thousands) | ||||||||||||||||
| Pension benefits | $ | 89,707\u00a0 | $ | 57,285\u00a0 | $ | 127,885\u00a0 | |||||||||||
| Health benefits | 134,079\u00a0 | 85,157\u00a0 | 96,285\u00a0 | ||||||||||||||
| $ | 223,786\u00a0 | $ | 142,442\u00a0 | $ | 224,170\u00a0 |
| \u00a0 | Year Ended December\u00a031, | ||||||||||||||||
| \u00a0 | 2024 | 2023 | 2022 | ||||||||||||||
| \u00a0 | (in thousands) | ||||||||||||||||
| Pension benefits | $ | 89,707\u00a0 | $ | 57,285\u00a0 | $ | 127,885\u00a0 | |||||||||||
| Health benefits | 134,079\u00a0 | 85,157\u00a0 | 96,285\u00a0 | ||||||||||||||
| $ | 223,786\u00a0 | $ | 142,442\u00a0 | $ | 224,170\u00a0 |
| Year Ended December 31, | |||||||||||||||||
| \u00a0 | 2024 | 2023 | 2022 | ||||||||||||||
| (in thousands) | |||||||||||||||||
| Revenues | $ | 39,000,966\u00a0 | $ | 33,723,297\u00a0 | $ | 31,615,550\u00a0 | |||||||||||
| Less: | |||||||||||||||||
| Content amortization | 15,301,517\u00a0 | 14,197,437\u00a0 | 14,026,132\u00a0 | ||||||||||||||
| Other cost of revenues | 5,736,947\u00a0 | 5,517,931\u00a0 | 5,142,153\u00a0 | ||||||||||||||
Sales and marketing | 2,917,554\u00a0 | 2,657,883\u00a0 | 2,530,502\u00a0 | ||||||||||||||
| Technology and development | 2,925,295\u00a0 | 2,675,758\u00a0 | 2,711,041\u00a0 | ||||||||||||||
| General and administrative | 1,702,039\u00a0 | 1,720,285\u00a0 | 1,572,891\u00a0 | ||||||||||||||
| Operating income | 10,417,614\u00a0 | 6,954,003\u00a0 | 5,632,831\u00a0 | ||||||||||||||
| Operating margin | 27\u00a0 | % | 21\u00a0 | % | 18\u00a0 | % | |||||||||||
| Other income (expense) | |||||||||||||||||
| Interest expense | (718,733) | (699,826) | (706,212) | ||||||||||||||
| Interest and other income (expense) (1) | 266,776\u00a0 | (48,772) | 337,310\u00a0 | ||||||||||||||
| Income before income taxes | 9,965,657\u00a0 | 6,205,405\u00a0 | 5,263,929\u00a0 | ||||||||||||||
| Provision for income taxes | (1,254,026) | (797,415) | (772,005) | ||||||||||||||
| Net income | $ | 8,711,631\u00a0 | $ | 5,407,990\u00a0 | $ | 4,491,924\u00a0 |
| As of December 31, | |||||||||||
| 2024 | 2023 | ||||||||||
| (in thousands) | |||||||||||
| United States | $ | 2,769,828\u00a0 | $ | 2,724,710\u00a0 | |||||||
| International | 926,238\u00a0 | 843,633\u00a0 |
| Year Ended December 31, | |||||||||||||||||
| \u00a0 | 2024 | 2023 | 2022 | ||||||||||||||
| (in thousands) | |||||||||||||||||
| Revenues | $ | 39,000,966\u00a0 | $ | 33,723,297\u00a0 | $ | 31,615,550\u00a0 | |||||||||||
| Less: | |||||||||||||||||
| Content amortization | 15,301,517\u00a0 | 14,197,437\u00a0 | 14,026,132\u00a0 | ||||||||||||||
| Other cost of revenues | 5,736,947\u00a0 | 5,517,931\u00a0 | 5,142,153\u00a0 | ||||||||||||||
Sales and marketing | 2,917,554\u00a0 | 2,657,883\u00a0 | 2,530,502\u00a0 | ||||||||||||||
| Technology and development | 2,925,295\u00a0 | 2,675,758\u00a0 | 2,711,041\u00a0 | ||||||||||||||
| General and administrative | 1,702,039\u00a0 | 1,720,285\u00a0 | 1,572,891\u00a0 | ||||||||||||||
| Operating income | 10,417,614\u00a0 | 6,954,003\u00a0 | 5,632,831\u00a0 | ||||||||||||||
| Operating margin | 27\u00a0 | % | 21\u00a0 | % | 18\u00a0 | % | |||||||||||
| Other income (expense) | |||||||||||||||||
| Interest expense | (718,733) | (699,826) | (706,212) | ||||||||||||||
| Interest and other income (expense) (1) | 266,776\u00a0 | (48,772) | 337,310\u00a0 | ||||||||||||||
| Income before income taxes | 9,965,657\u00a0 | 6,205,405\u00a0 | 5,263,929\u00a0 | ||||||||||||||
| Provision for income taxes | (1,254,026) | (797,415) | (772,005) | ||||||||||||||
| Net income | $ | 8,711,631\u00a0 | $ | 5,407,990\u00a0 | $ | 4,491,924\u00a0 |
| As of December 31, | |||||||||||
| 2024 | 2023 | ||||||||||
| (in thousands) | |||||||||||
| United States | $ | 2,769,828\u00a0 | $ | 2,724,710\u00a0 | |||||||
| International | 926,238\u00a0 | 843,633\u00a0 |