Snap (SNAP) 10-Q21 Apr 222022 Q1 Quarterly reportFinancial data

Company Profile

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
Document and Entity Information - shares	Mar. 31, 2022	Apr. 19, 2022
Entity Information [Line Items]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Mar. 31, 2022
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	Q1
Trading Symbol	SNAP
Entity Central Index Key	0001564408
Entity Registrant Name	SNAP INC
Current Fiscal Year End Date	--12-31
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
Title of 12(b) Security	Class A Common Stock, par value $0.00001 per share
Security Exchange Name	NYSE
Entity File Number	001-38017
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 Incorporation, State or Country Code	DE
Entity Address, Postal Zip Code	90405
City Area Code	(310)
Local Phone Number	399-3339
Document Quarterly Report	true
Document Transition Report	false
Class A Common Stock
Entity Information [Line Items]
Entity Common Stock Shares Outstanding		1,382,050,725
Class B Common Stock
Entity Information [Line Items]
Entity Common Stock Shares Outstanding		22,646,636
Class C Common Stock
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, 2022	Mar. 31, 2021
Cash flows from operating activities
Net loss	$ (359,624)	$ (286,882)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:
Depreciation and amortization	38,100	23,498
Stock-based compensation	275,444	237,073
Amortization of debt issuance costs	1,413	1,044
Losses (gains) on debt and equity securities, net	79,127	(22,518)
Other	1,125	6,836
Change in operating assets and liabilities, net of effect of acquisitions:
Accounts receivable, net of allowance	126,027	129,316
Prepaid expenses and other current assets	(27,178)	(12,436)
Operating lease right-of-use assets	16,984	11,198
Other assets	(308)	(898)
Accounts payable	54,980	56,505
Accrued expenses and other current liabilities	(62,828)	5,349
Operating lease liabilities	(17,816)	(13,295)
Other liabilities	2,013	2,096
Net cash provided by operating activities	127,459	136,886
Cash flows from investing activities
Purchases of property and equipment	(21,175)	(10,851)
Purchases of strategic investments	(150)	(1,350)
Cash paid for acquisitions, net of cash acquired	(788)	(108,912)
Purchases of marketable securities	(1,342,381)	(523,219)
Sales of marketable securities	9,777	108,056
Maturities of marketable securities	342,545	816,931
Other	(5,493)	(100)
Net cash (used in) provided by investing activities	(1,017,665)	280,555
Cash flows from financing activities
Proceeds from issuance of convertible notes, net of issuance costs	1,483,500
Purchase of capped calls	(177,000)
Proceeds from the exercise of stock options	2,266	4,453
Net cash provided by financing activities	1,308,766	4,453
Change in cash, cash equivalents, and restricted cash	418,560	421,894
Cash, cash equivalents, and restricted cash, beginning of period	1,994,723	546,543
Cash, cash equivalents, and restricted cash, end of period	2,413,283	968,437
Supplemental disclosures
Cash paid for income taxes, net	2,636	11,008
Cash paid for interest	$ 3,454	$ 5,127

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Income Statement [Abstract]
Revenue	$ 1,062,727	$ 769,584
Costs and expenses:
Cost of revenue	420,897	412,601
Research and development	455,563	348,580
Sales and marketing	241,886	150,286
General and administrative	215,908	161,723
Total costs and expenses	1,334,254	1,073,190
Operating loss	(271,527)	(303,606)
Interest income	3,123	1,137
Interest expense	(5,173)	(5,031)
Other (expense) income, net	(77,537)	22,058
Loss before income taxes	(351,114)	(285,442)
Income tax expense	(8,510)	(1,440)
Net loss	$ (359,624)	$ (286,882)
Net loss per share attributable to Class A, Class B, and Class C common stockholders (Note 3):
Basic	$ (0.22)	$ (0.19)
Diluted	$ (0.22)	$ (0.19)
Weighted average shares used in computation of net loss per share:
Basic	1,619,113	1,501,636
Diluted	1,619,113	1,501,636

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income (Loss) (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Statement Of Income And Comprehensive Income [Abstract]
Net loss	$ (359,624)	$ (286,882)
Other comprehensive income (loss), net of tax
Unrealized gain (loss) on marketable securities, net of tax	(6,692)	116
Foreign currency translation	(2,842)	(9,569)
Total other comprehensive income (loss), net of tax	(9,534)	(9,453)
Total comprehensive loss	$ (369,158)	$ (296,335)

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Current assets
Cash and cash equivalents	$ 2,412,372	$ 1,993,809
Marketable securities	2,588,619	1,699,076
Accounts receivable, net of allowance	941,715	1,068,873
Prepaid expenses and other current assets	117,102	92,244
Total current assets	6,059,808	4,854,002
Property and equipment, net	214,441	202,644
Operating lease right-of-use assets	426,027	322,252
Intangible assets, net	292,310	277,654
Goodwill	1,645,284	1,588,452
Other assets	307,067	291,302
Total assets	8,944,937	7,536,306
Current liabilities
Accounts payable	180,387	125,282
Operating lease liabilities	51,684	52,396
Accrued expenses and other current liabilities	610,728	674,108
Total current liabilities	842,799	851,786
Convertible senior notes, net	3,736,843	2,253,087
Operating lease liabilities, noncurrent	426,834	325,509
Other liabilities	375,425	315,756
Total liabilities	5,381,901	3,746,138
Commitments and contingencies (Note 8)
Stockholders’ equity
Additional paid-in capital	12,211,123	12,069,097
Accumulated other comprehensive income (loss)	(4,013)	5,521
Accumulated deficit	(8,644,090)	(8,284,466)
Total stockholders’ equity	3,563,036	3,790,168
Total liabilities and stockholders’ equity	8,944,937	7,536,306
Class A Non-voting Common Stock
Stockholders’ equity
Common stock, value	14	14
Class C Voting Common Stock
Stockholders’ equity
Common stock, value	$ 2	$ 2

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - $ / shares	Mar. 31, 2022	Dec. 31, 2021
Class A Non-voting Common Stock
Common stock par value	$ 0.00001	$ 0.00001
Common stock authorized	3,000,000,000	3,000,000,000
Common stock issued	1,378,259,000	1,364,887,000
Common stock outstanding	1,378,259,000	1,364,887,000
Class B Voting Common Stock
Common stock par value	$ 0.00001	$ 0.00001
Common stock authorized	700,000,000	700,000,000
Common stock issued	22,677,000	22,769,000
Common stock outstanding	22,677,000	22,769,000
Class C Voting Common Stock
Common stock par value	$ 0.00001	$ 0.00001
Common stock authorized	260,888,000	260,888,000
Common stock issued	231,627,000	231,627,000
Common stock outstanding	231,627,000	231,627,000

Consolidated Statements of Stoc

Consolidated Statements of Stockholders' Equity - USD ($) shares in Thousands, $ in Thousands	Total	Additional Paid-in Capital	Additional Paid-in CapitalCumulative Effect, Period of Adoption, Adjustment	Accumulated Deficit	Accumulated DeficitCumulative Effect, Period of Adoption, Adjustment	Accumulated Other Comprehensive Income (Loss)	Class A Non-voting Common Stock	Class A Non-voting Common StockCommon Stock	Class B Voting Common Stock	Class B Voting Common StockCommon Stock	Class C Voting Common Stock	Class C Voting Common StockCommon Stock
Balance, beginning of period, shares at Dec. 31, 2020								1,248,010		23,696		231,627
Balance, beginning of period at Dec. 31, 2020		$ 10,200,141	$ (664,021)	$ (7,891,542)	$ 95,031	$ 21,363		$ 12				$ 2
Stock-based compensation expense		237,073
Shares issued in connection with exercise of stock options under stock-based compensation plans, shares								314		5
Shares issued in connection with exercise of stock options under stock-based compensation plans		4,453
Issuance of voting/non-voting common stock for vesting of restricted stock units and restricted stock awards, net, shares								15,348
Issuance of non-voting common stock for vesting of restricted stock units and restricted stock awards, net								$ 1
Conversion of stock to voting/non-voting common stock, shares								61		(61)
Net loss	$ (286,882)			(286,882)			$ (238,107)		$ (4,523)		$ (44,252)
Other comprehensive income (loss), net of tax	$ (9,453)					(9,453)
Balance, end of period, shares at Mar. 31, 2021	1,519,000							1,263,733		23,640		231,627
Balance, end of period at Mar. 31, 2021	$ 1,706,178	9,777,646		(8,083,393)		11,910		$ 13				$ 2
Balance, beginning of period, shares at Dec. 31, 2020								1,248,010		23,696		231,627
Balance, beginning of period at Dec. 31, 2020		10,200,141	$ (664,021)	(7,891,542)	$ 95,031	21,363		$ 12				$ 2
Balance, end of period, shares at Dec. 31, 2021								1,364,887		22,769		231,627
Balance, end of period at Dec. 31, 2021	3,790,168	12,069,097		(8,284,466)		5,521		$ 14				$ 2
Stock-based compensation expense		272,720
Shares issued in connection with exercise of stock options under stock-based compensation plans, shares								160		6
Shares issued in connection with exercise of stock options under stock-based compensation plans		2,267
Issuance of non-voting common stock in connection with acquisitions, shares								1,118
Issuance of Class A non-voting common stock in connection with acquisitions		44,039
Issuance of voting/non-voting common stock for vesting of restricted stock units and restricted stock awards, net, shares								11,996
Conversion of stock to voting/non-voting common stock, shares								98		(98)
Purchase of capped calls		(177,000)
Net loss	(359,624)			(359,624)			$ (303,132)		$ (5,045)		$ (51,447)
Other comprehensive income (loss), net of tax	$ (9,534)					(9,534)
Balance, end of period, shares at Mar. 31, 2022	1,632,563							1,378,259		22,677		231,627
Balance, end of period at Mar. 31, 2022	$ 3,563,036	$ 12,211,123		$ (8,644,090)		$ (4,013)		$ 14				$ 2

Description of Business and Sum

Description of Business and Summary of Significant Accounting Policies	3 Months Ended
	Mar. 31, 2022
Accounting Policies [Abstract]
Description of Business and Summary of Significant Accounting Policies	1. Description of Business and Summary of Significant Accounting Policies Snap Inc. is a camera company. Snap Inc. (“we,” “our,” or “us”) was formed as Future Freshman, LLC, a California limited liability company, in 2010. We changed our name to Toyopa Group, LLC in 2011, incorporated as Snapchat, Inc., a Delaware corporation, in 2012, and changed our name to Snap Inc. in 2016. Snap Inc. is headquartered in Santa Monica, California. Our flagship product, Snapchat, is a camera 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, 2021, as filed with the Securities and Exchange Commission (“SEC”) in February 2022 (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. Certain reclassifications have been made in the prior periods to conform to the current year's presentation. None of these reclassifications had a material impact on our consolidated financial statements. The results of operations for the three months ended March 31, 2022 are not necessarily indicative of the results to be expected for the year ending December 31, 2022. 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, forfeiture rate, the fair value of stock-based awards, 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 . Recent Accounting Pronouncements In November 2021, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2021-10, Government Assistance (Topic 832): Disclosure by Business Entities about Government Assistance , which improves the transparency of government assistance received by requiring the disclosure of: (1) the types of government assistance received; (2) the accounting for such assistance; and (3) the effect of the assistance on an entity's financial statements. The guidance is effective for annual periods beginning after December 15, 2021, with early adoption permitted. Effective January 1, 2022, we early adopted ASU 2021-10 on a prospective basis. The impact of adoption of this standard on our consolidated In October 2021, the FASB issued ASU 2021-08, Business Combinations (Topic 805): Accounting for Contract Assets and Contract Liabilities from Contracts with Customers. Under ASU 2021-08, an acquirer must recognize and measure contract assets and contract liabilities acquired in a business combination in accordance with ASU 2014-09, Revenue from Contracts with Customers (Topic 606) 15, 2022, with early adoption permitted. Effective January 1, 2022 , we early adopted ASU 2021-08 on a prospective basis. The impact of adoption of this standard on our consolidated financial statements, including accounting policies, processes, and systems, was not material. In August 2020, the FASB issued ASU 2020-06, Debt—Debt with Conversion and Other Options (Subtopic 470-20) and Derivatives and Hedging—Contracts in Entity’s Own Equity (Subtopic 815-40): Accounting for Convertible Instruments and Contracts in an Entity’s Own Equity. Under ASU 2020-06, the embedded conversion features are no longer separated from the host contract for convertible instruments with conversion features that are not required to be accounted for as derivatives under Topic 815, or that do not result in substantial premiums accounted for as paid-in capital. Consequently, a convertible debt instrument will be accounted for as a single liability measured at its amortized cost, as long as no other features require bifurcation and recognition as derivatives. The new guidance also requires the if-converted method to be applied for all convertible instruments. ASU 2020-06 is effective for fiscal years beginning after December 15, 2021, with early adoption permitted. Adoption of the standard requires using either a modified retrospective or a full retrospective approach. Effective January 1, 2021, we early adopted ASU 2020-06 using the modified retrospective approach. Adoption of the new standard resulted in a decrease to accumulated deficit of $95.0 million, a decrease to additional paid-in capital of $664.0 million, and an increase to convertible senior notes, net of $569.0 million.

Revenue

Revenue	3 Months Ended
Revenue	Mar. 31, 2022
Revenue From Contract With Customer [Abstract]
Revenue	2. 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 Filters and Sponsored Lenses. Sponsored Filters allow users to interact with an advertiser’s brand by enabling stylized brand artwork to be overlaid on a Snap. Sponsored Lenses 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 on a fixed fee basis over a period of time or based on the number of advertising impressions delivered. Revenue related to agreements based on the number of impressions delivered is recognized when the advertisement is displayed. 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 sales of hardware products. For the periods presented, revenue from the sales of hardware products was not material. The following table represents our revenue disaggregated by geography based on the billing address of the advertising customer: Three Months Ended March 31, 2022 2021 (in thousands) Revenue: North America (1) (2) $ 749,243 $ 531,363 Europe (3) 159,076 129,118 Rest of world 154,408 109,103 Total revenue $ 1,062,727 $ 769,584 (1) North America includes Mexico, the Caribbean, and Central America. (2) United States revenue was $727.4 million and $514.6 million for the three months ended March 31, 2022 and 2021, respectively. (3) Europe includes Russia and Turkey.

Net Loss per Share

Net Loss per Share	3 Months Ended
Net Loss per Share	Mar. 31, 2022
Earnings Per Share [Abstract]
Net Loss per Share	3. 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 v ested restricted stock units (“RSUs”) that have not been settled and 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, 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 for the three months ended March 31, 2022 and 2021: Three Months Ended March 31, 2022 2021 (in thousands, except per share data) Class A Common Class B Common Class C Common Class A Common Class B Common Class C Common Numerator: Net loss $ (303,132 ) $ (5,045 ) $ (51,447 ) $ (238,107 ) $ (4,523 ) $ (44,252 ) Net loss attributable to common stockholders $ (303,132 ) $ (5,045 ) $ (51,447 ) $ (238,107 ) $ (4,523 ) $ (44,252 ) Denominator: Basic shares: Weighted-average common shares - Basic 1,364,772 22,714 231,627 1,246,333 23,676 231,627 Diluted shares: Weighted-average common shares - Diluted 1,364,772 22,714 231,627 1,246,333 23,676 231,627 Net loss per share attributable to common stockholders: Basic $ (0.22 ) $ (0.22 ) $ (0.22 ) $ (0.19 ) $ (0.19 ) $ (0.19 ) Diluted $ (0.22 ) $ (0.22 ) $ (0.22 ) $ (0.19 ) $ (0.19 ) $ (0.19 ) 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: As of March 31, 2022 2021 (in thousands) Stock options 4,132 5,305 Unvested RSUs and RSAs 77,793 114,307 Convertible Notes (if-converted) 89,379 101,591

Stockholders' Equity

Stockholders' Equity	3 Months Ended
Stockholders' Equity	Mar. 31, 2022
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Stockholders' Equity	4. Stockholders’ Equity We maintain three share-based employee compensation plans: the 2017 Equity Incentive Plan (“2017 Plan”), the 2014 Equity Incentive Plan (“2014 Plan”), and the 2012 Equity Incentive Plan (“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 during the three months ended March 31, 2022: Class A Outstanding Weighted- Average Grant Date Fair Value (in thousands, except per share data) Unvested at December 31, 2021 86,180 $ 26.07 Granted 6,864 $ 34.87 Vested (12,816 ) $ 20.05 Forfeited (2,435 ) $ 25.03 Unvested at March 31, 2022 77,793 $ 27.87 All RSUs and RSAs vest on the satisfaction of a service based condition. Total unrecognized compensation cost related to outstanding RSUs and RSAs was $1.9 billion as of March 31, 2022 and is expected to be recognized over a weighted-average period of 2.2 years. The service condition for RSUs and RSAs granted prior to February 2018 is generally satisfied over four years, 10% after the first year of service, 20% over the second year, 30% over the third year, and 40% over the fourth year. The service condition for RSUs and RSAs granted after February 2018 is generally satisfied in equal monthly or quarterly installments over three to four years. Stock Options The following table summarizes the stock option award activity under the Stock Plans during the three months ended March 31, 2022: Class A Number of Shares Class B Number of Shares Weighted- Average Exercise Price Weighted- Average Remaining Contractual Term (in years) Aggregate Intrinsic Value (1) (in thousands, except per share data) Outstanding at December 31, 2021 3,676 628 $ 10.59 4.19 $ 157,374 Granted — — $ — — $ — Exercised (160 ) (6 ) $ 13.70 — $ — Forfeited (6 ) — $ 26.42 — $ — Outstanding at March 31, 2022 3,510 622 $ 10.46 3.90 $ 106,477 (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 December 31, 2021 and March 31, 2022, respectively. Total unrecognized compensation cost related to unvested stock options was $1.6 million as of March 31, 2022 Stock-Based Compensation Expense by Function Total stock-based compensation expense by function was as follows: Three Months Ended March 31, 2022 2021 (in thousands) Cost of revenue $ 2,446 $ 2,656 Research and development 182,866 163,793 Sales and marketing 42,071 29,084 General and administrative 48,061 41,540 Total $ 275,444 $ 237,073

Business Acquisitions

Business Acquisitions	3 Months Ended
Business Acquisitions	Mar. 31, 2022
Business Combinations [Abstract]
Business Acquisitions	5. Business Acquisitions 2022 Acquisitions In the three months ended March 31, 2022, we completed acquisitions to enhance our existing platform, technology, and workforce. The aggregate purchase consideration was $102.5 million, which included $0.5 million in cash, $44.0 million in shares of our Class A common stock, and $58.0 million recorded in other liabilities on the consolidated balance sheet. Of the aggregate purchase consideration, $60.8 million was allocated to goodwill and the remainder primarily to identifiable intangible assets. The goodwill amount represents synergies related to our existing platform expected to be realized from the business acquisitions and assembled workforces. Of the acquired goodwill and intangible assets, $83.9 million is deductible for tax purposes. 2021 Acquisitions Wave Optics In May 2021, we acquired Wave Optics Limited (“Wave Optics”), a display technology company that supplies light engines and diffractive waveguides for augmented reality displays. The total consideration was $541.8 million, of which $510.4 million represents purchase consideration and primarily consists of 4.7 million shares of our Class A common stock with a fair value of $252.0 million, cash of $13.7 million, and a $238.4 million payable due no later than May 2023 in either cash, shares of our Class A common stock, or a combination of cash and shares of our Class A common stock, at our election . The remaining $ million of total consideration transferred represents compensation for future employment services. The allocation of purchase price is subject to change based on information received related to the assets and liabilities that existed as of the acquisition date. The allocation of the total purchase consideration for this acquisition is estimated as follows: Total (in thousands) Trademarks $ 20,584 Technology 77,118 Customer relationships 32,708 Goodwill 370,236 Net deferred tax liability (3,313 ) Other assets acquired and liabilities assumed, net 13,111 Total $ 510,444 The goodwill amount represents synergies expected to be realized from the business combination and assembled workforce. The associated goodwill and intangible assets are not deductible for tax purposes. Fit Analytics In March 2021, we acquired Fit Analytics GmbH (“Fit Analytics”), a sizing technology company that powers solutions for retailers and brands, to grow our e-commerce and shopping offerings. The purchase consideration for Fit Analytics was $124.4 million, which primarily represents current and future cash consideration payments. The allocation of purchase price is based on information received related to the assets and liabilities that existed as of the acquisition date. Total (in thousands) Trademarks $ 800 Technology 17,000 Customer relationships 17,000 Goodwill 88,132 Net deferred tax liability (5,643 ) Other assets acquired and liabilities assumed, net 7,160 Total $ 124,449 The goodwill amount represents synergies expected to be realized from this business combination and assembled workforce. The associated goodwill and intangible assets are not deductible for tax purposes. Other 2021 Acquisitions For the year ended December 31, 2021, we completed other acquisitions to enhance our existing platform, technology, and workforce. The aggregate purchase consideration was $266.1 million, which included $ 139.5 The aggregate allocation of purchase consideration was as follows: Total (in thousands) Technology $ 64,150 Customer relationships 4,000 Goodwill 203,482 Net deferred tax liability (11,871 ) Other assets acquired and liabilities assumed, net 6,325 Total $ 266,086 The goodwill amount represents synergies related to our existing platform expected to be realized from the business acquisitions and assembled workforces. Of the acquired goodwill and intangible assets, $8.2 million is deductible for tax purposes.

Goodwill and Intangible Assets

Goodwill and Intangible Assets	3 Months Ended
Goodwill and Intangible Assets	Mar. 31, 2022
Goodwill And Intangible Assets Disclosure [Abstract]
Goodwill and Intangible Assets	6. Goodwill and Intangible Assets The changes in the carrying amount of goodwill for the three months ended March 31, 2022 were as follows: Goodwill (in thousands) Balance as of December 31, 2021 $ 1,588,452 Goodwill acquired 60,791 Foreign currency translation (3,959 ) Balance as of March 31, 2022 $ 1,645,284 Intangible assets consisted of the following: As of March 31, 2022 Weighted- Average Remaining Useful Life - Years Gross Carrying Amount Accumulated Amortization Net (in thousands, except years) Domain names 4.5 $ 963 $ 417 $ 546 Trademarks 4.1 21,384 3,708 17,676 Technology 3.7 369,068 159,580 209,488 Customer relationships 4.9 53,708 8,998 44,710 Patents 6.6 26,689 12,173 14,516 Other 1.8 6,000 626 5,374 $ 477,812 $ 185,502 $ 292,310 As of December 31, 2021 Weighted- Average Remaining Useful Life - Years Gross Carrying Amount Accumulated Amortization Net (in thousands except years) Domain names 4.6 $ 967 $ 365 $ 602 Trademarks 4.3 21,384 2,613 18,771 Technology 3.6 343,800 142,588 201,212 Customer relationships 5.1 53,709 6,332 47,377 Patents 4.0 21,195 11,503 9,692 $ 441,055 $ 163,401 $ 277,654 Amortization of intangible assets was $22.5 million and $10.4 million for the three months ended March 31, 2022 and 2021, respectively. As of March 31, 2022, the estimated intangible asset amortization expense for the next five years and thereafter is as follows: Estimated Amortization (in thousands) Remainder of 2022 $ 64,244 2023 81,366 2024 66,841 2025 49,493 2026 18,979 Thereafter 11,387 Total $ 292,310

Convertible Notes

Convertible Notes	3 Months Ended
Convertible Notes	Mar. 31, 2022
Debt Disclosure [Abstract]
Convertible Notes	7. Convertible Notes 2028 Notes In February 2022, we entered into a purchase agreement with certain counterparties 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 2028 Notes consisted of a $1.30 billion initial placement and an over-allotment option that provided the initial purchasers of the 2028 Notes with the option to purchase an additional $200.0 million aggregate principal amount of the 2028 Notes, which was fully exercised. The 2028 Notes were issued pursuant to an indenture dated February 11, 2022. The net proceeds from the issuance of the 2028 Notes were $ 1.31 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. The conversion rate is subject to customary adjustments for certain events as described in the indenture governing the 2028 Notes. We may redeem for cash all or any portion of the 2028 Notes, at our option, on or after March 5, 2025 if the last reported sale price of our Class A common stock has been at least 130% of the conversion price then in effect for at least 20 trading days at a redemption price equal to 100% of the principal amount of the 2028 Notes to be redeemed, plus accrued and unpaid interest, if any. Holders of the 2028 Notes may convert all or a portion of their 2028 Notes at their option prior to December 1, 2027, in multiples of $1,000 principal amounts, only under the following circumstances: • • • at any time prior to the close of business on the scheduled trading day immediately preceding the redemption date, • On or after December 1, 2027, the 2028 Notes are convertible at any time until the close of business on the second scheduled trading day immediately preceding the maturity date. Holders of the 2028 Notes who convert the 2028 Notes in connection with a make-whole fundamental change, as defined in the indenture governing the 2028 Notes, or in connection with a redemption are entitled to an increase in the conversion rate. Additionally, in the event of a fundamental change, holders of the 2028 Notes may require us to repurchase all or a portion of the 2028 Notes at a price equal to 100% of the principal amount of 2028 Notes, plus any accrued and unpaid interest, if any. We accounted for the issuance of the 2028 Notes as a single liability measured at its amortized cost, as no other embedded features require bifurcation and recognition as derivatives. 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. Exchange Transactions In 2021, we entered into various exchange agreements (collectively, the “Exchange Agreements”) with certain holders of the 2025 Notes and the 2026 Notes pursuant to which we exchanged approximately $715.9 million principal amount of the 2025 Notes and approximately $426.5 million principal amount of the 2026 Notes for aggregate consideration of approximately 52.4 million shares of Class A common stock (the “Exchange Shares”). The Exchange Shares included an additional 0.7 million shares of our Class A common stock not provided for under the original conversion terms of the 2025 Notes and the 2026 Notes to induce the holders to agree to the exchange. The Exchange Agreements were accounted for as an induced conversion with the fair value of 0.7 million Exchange Shares, less accrued interest, recognized as an inducement expense in other income (expense), net in 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. There was no inducement expense recorded for the three months ended March 31, 2022 or 2021. The common stock consideration issued under the original terms of the 2025 Notes and the 2026 Notes was accounted for under the general conversion accounting guidance with the net carrying amount of $1,132.6 million recorded in additional paid-in-capital and as a non-cash transaction excluded from cash activities on the consolidated statements of cash flows. The Convertible Notes consisted of the following: As of March 31, 2022 As of December 31, 2021 2025 Notes 2026 Notes 2027 Notes 2028 Notes 2025 Notes 2026 Notes 2027 Notes (in thousands) Principal $ 284,105 $ 838,491 $ 1,150,000 $ 1,500,000 $ 284,105 $ 838,493 $ 1,150,000 Unamortized debt issuance costs (2,006 ) (5,662 ) (10,831 ) (17,254 ) (2,168 ) (5,982 ) (11,361 ) Net carrying amount $ 282,099 $ 832,829 $ 1,139,169 $ 1,482,746 $ 281,937 $ 832,511 $ 1,138,639 As of March 31, 2022, the debt issuance costs on the 2025 Notes, the 2026 Notes, the 2027 Notes, and the 2028 Notes will be amortized over the remaining period of approximately 3.1 years, 4.3 years, 5.1 years, and 5.9 years, respectively. Interest expense related to the amortization of debt issuance costs was $1.4 million and $1.0 million for the three months ended March 31, 2022 and 2021, respectively. Contractual interest expense was $2.0 million and $3.0 million for the three months ended March 31, 2022 and 2021, respectively. As of March 31, 2022, the if-converted value of the 2025 Notes and the 2026 Notes exceeded the principal amount by $187.5 million and $484.7 million, respectively. As of March 31, 2022, the if-converted value of the 2027 Notes and the 2028 Notes did not exceed the principal amount. The sale price for conversion was satisfied as of March 31, 2022 for the 2025 Notes and the 2026 Notes, and as a result, the 2025 Notes and 2026 Notes will continue to be eligible for optional conversion during the second quarter of 2022. The 2027 Notes and the 2028 Notes were not eligible for conversion as of March 31 , 202 2 . 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, 2022, the 2025 Capped Call Transactions and 2026 Capped Call Transactions were in-the-money.

Commitments and Contingencies

Commitments and Contingencies	3 Months Ended
Commitments and Contingencies	Mar. 31, 2022
Commitments And Contingencies Disclosure [Abstract]
Commitments and Contingencies	8. Commitments and Contingencies Commitments We have non-cancelable contractual agreements primarily related to the hosting of our data storage processing, storage, and other computing services, as well as lease, content and developer partner, and other commitments. We had $4.4 billion in commitments as of March 31, 2022, 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, 2022. We believe the fair value of these liabilities is immaterial and accordingly have no liabilities recorded for these agreements at March 31, 2022.

Leases

Leases	3 Months Ended
Leases	Mar. 31, 2022
Leases [Abstract]
Leases	9. Leases We have various non-cancelable lease agreements for certain of our offices with original lease periods expiring between 2022 and 2042. Our lease terms may include options to extend or terminate the lease when it is reasonably certain we will exercise that option. Certain of the arrangements have free rent periods or escalating rent payment provisions. Lease Cost The components of lease cost were as follows: Three Months Ended March 31, 2022 2021 (in thousands) Operating lease expense $ 23,626 $ 14,940 Sublease income (673 ) (402 ) Total net lease costs $ 22,953 $ 14,538 Lease Term and Discount Rate The weighted-average remaining lease term (in years) and discount rate related to the operating leases were as follows: Three Months Ended March 31, 2022 2021 Weighted-average remaining lease term 7.0 7.3 Weighted-average discount rate 4.9 % 5.5 % We use our incremental borrowing rate based on the information available at the lease commencement date to determine the present value of lease payments. Maturity of Lease Liabilities The present value of our operating lease liabilities as of March 31, 2022 were as follows: Operating Leases (in thousands) Remainder of 2022 $ 49,962 2023 96,315 2024 105,045 2025 98,684 2026 50,079 Thereafter 173,745 Total lease payments $ 573,830 Less: Imputed interest (95,312 ) Present value of lease liabilities $ 478,518 As of March 31, 2022, we have additional operating leases for facilities that have not yet commenced with lease obligations of $60.1 million. These operating leases will commence between 2022 and 2024 with lease terms of greater than two years to eleven years. Other Information Cash payments included in the measurement of our o perating lease liabilities were $23.5 million and $17.0 million for the three months ended March 31, 2022 and 2021, respectively. Lease liabilities arising from obtaining operating lease right-of-use assets were $ 122.2 million and $9.4 million for the three months ended March 31, 2022 and 2021, respectively.

Strategic Investments

Strategic Investments	3 Months Ended
Strategic Investments	Mar. 31, 2022
Equity Method Investments And Joint Ventures [Abstract]
Strategic Investments	10. Strategic Investments We hold strategic investments in privately held companies with a carrying value of $275.9 million and $262.7 million as of March 31, 2022 and December 31, 2021, respectively, which consist primarily 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. We recognized unrealized gains on investments in privately held companies of $13.3 million and $23.3 million for the three months ended March 31, 2022 and 2021, respectively. Unrealized and realized gains on all strategic investments are included within other income (expense), net on the 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 the consolidated balance sheets. In the fourth quarter of 2021, we reclassified a publicly traded strategic investment to marketable securities. See Note 11 for further information. A ll strategic investments are reviewed periodically for impairment. Impairment expense recorded for the three months ended March 31, 2022 and 2021 was not material.

Fair Value Measurements

Fair Value Measurements	3 Months Ended
Fair Value Measurements	Mar. 31, 2022
Fair Value Disclosures [Abstract]
Fair Value Measurements	11. 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 market observable inputs to determine their fair value. The following tables set forth our financial assets as of March 31, 2022 and December 31, 2021 that are measured at fair value on a recurring basis during the period: March 31, 2022 Cost or Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Total Estimated Fair Value (in thousands) Cash $ 2,211,850 $ — $ — $ 2,211,850 Level 1 securities: U.S. government securities 1,751,529 17 (7,324 ) 1,744,222 U.S. government agency securities 67,497 — (65 ) 67,432 Publicly traded equity securities 71,139 29,924 — 101,063 Level 2 securities: Corporate debt securities 317,508 13 (1,000 ) 316,521 Commercial paper 473,660 — (1 ) 473,659 Certificates of deposit 86,244 — — 86,244 Total $ 4,979,427 $ 29,954 $ (8,390 ) $ 5,000,991 December 31, 2021 Cost or Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Total Estimated Fair Value (in thousands) Cash $ 1,966,966 $ — $ — $ 1,966,966 Level 1 securities: U.S. government securities 811,092 1 (1,454 ) 809,639 U.S. government agency securities 77,409 1 (8 ) 77,402 Publicly traded equity securities 71,139 122,064 — 193,203 Level 2 securities: Corporate debt securities 143,124 — (207 ) 142,917 Commercial paper 422,328 — (1 ) 422,327 Certificates of deposit 80,431 — — 80,431 Total $ 3,572,489 $ 122,066 $ (1,670 ) $ 3,692,885 We held an investment in a publicly traded company with a carrying value of $101.1 million and $193.2 million as of March 31, 2022 and December 31, 2021, respectively, recorded as a marketable security. We recorded $92.1 million in unrealized losses related to this investment for the three months ended March 31, 2022 within other income (expense), net on the consolidated statements of operations. This investment was reclassified from strategic investments to marketable securities in the fourth quarter of 2021. Gross unrealized losses were not material for the three months ended March 31, 2022 and 2021, respectively. As of March 31, 2022, we considered any decreases in fair value on our marketable securities to be driven by factors other than credit risk, including market risk. As of March 31, 2022, $175.3 million of our total $2.6 billion in marketable debt securities have contractual maturities between one and five years. All other marketable debt securities have contractual maturities less than one year. W e 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, 2022, the fair value of the 2025 Notes, the 2026 Notes, the 2027 Notes, and the 2028 Notes was $508.6 million, $1.5 billion, $986.1 million, and $1.5 billion, respectively. As of December 31, 2021, the fair value of the 2025 Notes, the 2026 Notes, and the 2027 Notes was $650.1 million, $1.9 billion, and $1.1 billion, 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, 2022
Income Tax Disclosure [Abstract]
Income Taxes	12. 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 $8.5 million and $1.4 million for the three months ended March 31, 2022 and 2021, respectively.

Accumulated Other Comprehensive

Accumulated Other Comprehensive Income (Loss)	3 Months Ended
Accumulated Other Comprehensive Income (Loss)	Mar. 31, 2022
Accumulated Other Comprehensive Income Loss [Abstract]
Accumulated Other Comprehensive Income (Loss)	13. 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 Securities Foreign Currency Translation Total (in thousands) Balance at December 31, 2021 $ (1,822 ) $ 7,343 $ 5,521 OCI before reclassifications (6,692 ) (2,842 ) (9,534 ) Amounts reclassified from AOCI (1) — — — Net current period OCI (6,692 ) (2,842 ) (9,534 ) Balance at March 31, 2022 $ (8,514 ) $ 4,501 $ (4,013 ) (1) Realized gains and losses on marketable securities are reclassified from AOCI into other income (expense), net in the consolidated statements of operations.

Property and Equipment, Net

Property and Equipment, Net	3 Months Ended
Property and Equipment, Net	Mar. 31, 2022
Property Plant And Equipment [Abstract]
Property and Equipment, Net	14. Property and Equipment, Net The following table lists property and equipment, net by geographic area: As of March 31, 2022 As of December 31, 2021 (in thousands) Property and equipment, net: United States $ 185,378 $ 174,826 Rest of world (1) 29,063 27,818 Total property and equipment, net $ 214,441 $ 202,644 (1) No individual country exceeded 10% of our total property and equipment, net for any period presented.

Description of Business and S_2

Description of Business and Summary of Significant Accounting Policies (Policies)	3 Months Ended
	Mar. 31, 2022
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, 2021, as filed with the Securities and Exchange Commission (“SEC”) in February 2022 (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. Certain reclassifications have been made in the prior periods to conform to the current year's presentation. None of these reclassifications had a material impact on our consolidated financial statements. The results of operations for the three months ended March 31, 2022 are not necessarily indicative of the results to be expected for the year ending December 31, 2022. 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. Key estimates relate primarily to determining the fair value of assets and liabilities assumed in business combinations, evaluation of contingencies, uncertain tax positions, forfeiture rate, the fair value of stock-based awards, 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 .
Recent Accounting Pronouncements	Recent Accounting Pronouncements In November 2021, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2021-10, Government Assistance (Topic 832): Disclosure by Business Entities about Government Assistance , which improves the transparency of government assistance received by requiring the disclosure of: (1) the types of government assistance received; (2) the accounting for such assistance; and (3) the effect of the assistance on an entity's financial statements. The guidance is effective for annual periods beginning after December 15, 2021, with early adoption permitted. Effective January 1, 2022, we early adopted ASU 2021-10 on a prospective basis. The impact of adoption of this standard on our consolidated In October 2021, the FASB issued ASU 2021-08, Business Combinations (Topic 805): Accounting for Contract Assets and Contract Liabilities from Contracts with Customers. Under ASU 2021-08, an acquirer must recognize and measure contract assets and contract liabilities acquired in a business combination in accordance with ASU 2014-09, Revenue from Contracts with Customers (Topic 606) 15, 2022, with early adoption permitted. Effective January 1, 2022 , we early adopted ASU 2021-08 on a prospective basis. The impact of adoption of this standard on our consolidated financial statements, including accounting policies, processes, and systems, was not material. In August 2020, the FASB issued ASU 2020-06, Debt—Debt with Conversion and Other Options (Subtopic 470-20) and Derivatives and Hedging—Contracts in Entity’s Own Equity (Subtopic 815-40): Accounting for Convertible Instruments and Contracts in an Entity’s Own Equity. Under ASU 2020-06, the embedded conversion features are no longer separated from the host contract for convertible instruments with conversion features that are not required to be accounted for as derivatives under Topic 815, or that do not result in substantial premiums accounted for as paid-in capital. Consequently, a convertible debt instrument will be accounted for as a single liability measured at its amortized cost, as long as no other features require bifurcation and recognition as derivatives. The new guidance also requires the if-converted method to be applied for all convertible instruments. ASU 2020-06 is effective for fiscal years beginning after December 15, 2021, with early adoption permitted. Adoption of the standard requires using either a modified retrospective or a full retrospective approach. Effective January 1, 2021, we early adopted ASU 2020-06 using the modified retrospective approach. Adoption of the new standard resulted in a decrease to accumulated deficit of $95.0 million, a decrease to additional paid-in capital of $664.0 million, and an increase to convertible senior notes, net of $569.0 million.

Revenue (Tables)

Revenue (Tables)	3 Months Ended
Revenue (Tables)	Mar. 31, 2022
Revenue From Contract With Customer [Abstract]
Disaggregation of Revenue by Geography	The following table represents our revenue disaggregated by geography based on the billing address of the advertising customer: Three Months Ended March 31, 2022 2021 (in thousands) Revenue: North America (1) (2) $ 749,243 $ 531,363 Europe (3) 159,076 129,118 Rest of world 154,408 109,103 Total revenue $ 1,062,727 $ 769,584 (1) North America includes Mexico, the Caribbean, and Central America. (2) United States revenue was $727.4 million and $514.6 million for the three months ended March 31, 2022 and 2021, respectively. (3) Europe includes Russia and Turkey.

Net Loss per Share (Tables)

Net Loss per Share (Tables)	3 Months Ended
Net Loss per Share (Tables)	Mar. 31, 2022
Earnings Per Share [Abstract]
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 for the three months ended March 31, 2022 and 2021: Three Months Ended March 31, 2022 2021 (in thousands, except per share data) Class A Common Class B Common Class C Common Class A Common Class B Common Class C Common Numerator: Net loss $ (303,132 ) $ (5,045 ) $ (51,447 ) $ (238,107 ) $ (4,523 ) $ (44,252 ) Net loss attributable to common stockholders $ (303,132 ) $ (5,045 ) $ (51,447 ) $ (238,107 ) $ (4,523 ) $ (44,252 ) Denominator: Basic shares: Weighted-average common shares - Basic 1,364,772 22,714 231,627 1,246,333 23,676 231,627 Diluted shares: Weighted-average common shares - Diluted 1,364,772 22,714 231,627 1,246,333 23,676 231,627 Net loss per share attributable to common stockholders: Basic $ (0.22 ) $ (0.22 ) $ (0.22 ) $ (0.19 ) $ (0.19 ) $ (0.19 ) Diluted $ (0.22 ) $ (0.22 ) $ (0.22 ) $ (0.19 ) $ (0.19 ) $ (0.19 )
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: As of March 31, 2022 2021 (in thousands) Stock options 4,132 5,305 Unvested RSUs and RSAs 77,793 114,307 Convertible Notes (if-converted) 89,379 101,591

Stockholders' Equity (Tables)

Stockholders' Equity (Tables)	3 Months Ended
Stockholders' Equity (Tables)	Mar. 31, 2022
Summary of Stock Option Award Activity	The following table summarizes the stock option award activity under the Stock Plans during the three months ended March 31, 2022: Class A Number of Shares Class B Number of Shares Weighted- Average Exercise Price Weighted- Average Remaining Contractual Term (in years) Aggregate Intrinsic Value (1) (in thousands, except per share data) Outstanding at December 31, 2021 3,676 628 $ 10.59 4.19 $ 157,374 Granted — — $ — — $ — Exercised (160 ) (6 ) $ 13.70 — $ — Forfeited (6 ) — $ 26.42 — $ — Outstanding at March 31, 2022 3,510 622 $ 10.46 3.90 $ 106,477 (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 December 31, 2021 and March 31, 2022, respectively.
Summary of Total Stock-based Compensation Expense	Total stock-based compensation expense by function was as follows: Three Months Ended March 31, 2022 2021 (in thousands) Cost of revenue $ 2,446 $ 2,656 Research and development 182,866 163,793 Sales and marketing 42,071 29,084 General and administrative 48,061 41,540 Total $ 275,444 $ 237,073
Restricted Stock Units and Restricted Stock Awards
Summary of RSU and RSA Activity	Restricted Stock Units and Restricted Stock Awards The following table summarizes the RSU and RSA activity during the three months ended March 31, 2022: Class A Outstanding Weighted- Average Grant Date Fair Value (in thousands, except per share data) Unvested at December 31, 2021 86,180 $ 26.07 Granted 6,864 $ 34.87 Vested (12,816 ) $ 20.05 Forfeited (2,435 ) $ 25.03 Unvested at March 31, 2022 77,793 $ 27.87

Business Acquisitions (Tables)

Business Acquisitions (Tables)	3 Months Ended
Business Acquisitions (Tables)	Mar. 31, 2022
Wave Optics
Business Acquisition [Line Items]
Summary of Total Purchase Consideration Allocation	The allocation of purchase price is subject to change based on information received related to the assets and liabilities that existed as of the acquisition date. The allocation of the total purchase consideration for this acquisition is estimated as follows: Total (in thousands) Trademarks $ 20,584 Technology 77,118 Customer relationships 32,708 Goodwill 370,236 Net deferred tax liability (3,313 ) Other assets acquired and liabilities assumed, net 13,111 Total $ 510,444
Fit Analytics
Business Acquisition [Line Items]
Summary of Total Purchase Consideration Allocation	The allocation of purchase price is based on information received related to the assets and liabilities that existed as of the acquisition date. Total (in thousands) Trademarks $ 800 Technology 17,000 Customer relationships 17,000 Goodwill 88,132 Net deferred tax liability (5,643 ) Other assets acquired and liabilities assumed, net 7,160 Total $ 124,449
Other 2021 Acquisitions
Business Acquisition [Line Items]
Summary of Total Purchase Consideration Allocation	The aggregate allocation of purchase consideration was as follows: Total (in thousands) Technology $ 64,150 Customer relationships 4,000 Goodwill 203,482 Net deferred tax liability (11,871 ) Other assets acquired and liabilities assumed, net 6,325 Total $ 266,086

Goodwill and Intangible Assets

Goodwill and Intangible Assets (Tables)	3 Months Ended
Goodwill and Intangible Assets (Tables)	Mar. 31, 2022
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, 2022 were as follows: Goodwill (in thousands) Balance as of December 31, 2021 $ 1,588,452 Goodwill acquired 60,791 Foreign currency translation (3,959 ) Balance as of March 31, 2022 $ 1,645,284
Schedule of Intangible Assets	Intangible assets consisted of the following: As of March 31, 2022 Weighted- Average Remaining Useful Life - Years Gross Carrying Amount Accumulated Amortization Net (in thousands, except years) Domain names 4.5 $ 963 $ 417 $ 546 Trademarks 4.1 21,384 3,708 17,676 Technology 3.7 369,068 159,580 209,488 Customer relationships 4.9 53,708 8,998 44,710 Patents 6.6 26,689 12,173 14,516 Other 1.8 6,000 626 5,374 $ 477,812 $ 185,502 $ 292,310 As of December 31, 2021 Weighted- Average Remaining Useful Life - Years Gross Carrying Amount Accumulated Amortization Net (in thousands except years) Domain names 4.6 $ 967 $ 365 $ 602 Trademarks 4.3 21,384 2,613 18,771 Technology 3.6 343,800 142,588 201,212 Customer relationships 5.1 53,709 6,332 47,377 Patents 4.0 21,195 11,503 9,692 $ 441,055 $ 163,401 $ 277,654
Schedule of Estimated Intangible Asset Amortization Expense	As of March 31, 2022, the estimated intangible asset amortization expense for the next five years and thereafter is as follows: Estimated Amortization (in thousands) Remainder of 2022 $ 64,244 2023 81,366 2024 66,841 2025 49,493 2026 18,979 Thereafter 11,387 Total $ 292,310

Convertible Notes (Tables)

Convertible Notes (Tables)	3 Months Ended
Convertible Notes (Tables)	Mar. 31, 2022
Debt Disclosure [Abstract]
Summary of Convertible Notes	The Convertible Notes consisted of the following: As of March 31, 2022 As of December 31, 2021 2025 Notes 2026 Notes 2027 Notes 2028 Notes 2025 Notes 2026 Notes 2027 Notes (in thousands) Principal $ 284,105 $ 838,491 $ 1,150,000 $ 1,500,000 $ 284,105 $ 838,493 $ 1,150,000 Unamortized debt issuance costs (2,006 ) (5,662 ) (10,831 ) (17,254 ) (2,168 ) (5,982 ) (11,361 ) Net carrying amount $ 282,099 $ 832,829 $ 1,139,169 $ 1,482,746 $ 281,937 $ 832,511 $ 1,138,639

Leases (Tables)

Leases (Tables)	3 Months Ended
Leases (Tables)	Mar. 31, 2022
Leases [Abstract]
Components of Lease Cost	The components of lease cost were as follows: Three Months Ended March 31, 2022 2021 (in thousands) Operating lease expense $ 23,626 $ 14,940 Sublease income (673 ) (402 ) Total net lease costs $ 22,953 $ 14,538
Summary of Weighted Average Remaining Lease Term and Discount Rate Related to Operating Leases	Lease Term and Discount Rate The weighted-average remaining lease term (in years) and discount rate related to the operating leases were as follows: Three Months Ended March 31, 2022 2021 Weighted-average remaining lease term 7.0 7.3 Weighted-average discount rate 4.9 % 5.5 %
Present Value of Operating Lease Liabilities	Maturity of Lease Liabilities The present value of our operating lease liabilities as of March 31, 2022 were as follows: Operating Leases (in thousands) Remainder of 2022 $ 49,962 2023 96,315 2024 105,045 2025 98,684 2026 50,079 Thereafter 173,745 Total lease payments $ 573,830 Less: Imputed interest (95,312 ) Present value of lease liabilities $ 478,518

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	3 Months Ended
Fair Value Measurements (Tables)	Mar. 31, 2022
Fair Value Disclosures [Abstract]
Summary of Financial Assets Measured at Fair Value on Recurring Basis	The following tables set forth our financial assets as of March 31, 2022 and December 31, 2021 that are measured at fair value on a recurring basis during the period: March 31, 2022 Cost or Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Total Estimated Fair Value (in thousands) Cash $ 2,211,850 $ — $ — $ 2,211,850 Level 1 securities: U.S. government securities 1,751,529 17 (7,324 ) 1,744,222 U.S. government agency securities 67,497 — (65 ) 67,432 Publicly traded equity securities 71,139 29,924 — 101,063 Level 2 securities: Corporate debt securities 317,508 13 (1,000 ) 316,521 Commercial paper 473,660 — (1 ) 473,659 Certificates of deposit 86,244 — — 86,244 Total $ 4,979,427 $ 29,954 $ (8,390 ) $ 5,000,991 December 31, 2021 Cost or Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Total Estimated Fair Value (in thousands) Cash $ 1,966,966 $ — $ — $ 1,966,966 Level 1 securities: U.S. government securities 811,092 1 (1,454 ) 809,639 U.S. government agency securities 77,409 1 (8 ) 77,402 Publicly traded equity securities 71,139 122,064 — 193,203 Level 2 securities: Corporate debt securities 143,124 — (207 ) 142,917 Commercial paper 422,328 — (1 ) 422,327 Certificates of deposit 80,431 — — 80,431 Total $ 3,572,489 $ 122,066 $ (1,670 ) $ 3,692,885

Accumulated Other Comprehensi_2

Accumulated Other Comprehensive Income (Loss) (Tables)	3 Months Ended
Accumulated Other Comprehensive Income (Loss) (Tables)	Mar. 31, 2022
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 Securities Foreign Currency Translation Total (in thousands) Balance at December 31, 2021 $ (1,822 ) $ 7,343 $ 5,521 OCI before reclassifications (6,692 ) (2,842 ) (9,534 ) Amounts reclassified from AOCI (1) — — — Net current period OCI (6,692 ) (2,842 ) (9,534 ) Balance at March 31, 2022 $ (8,514 ) $ 4,501 $ (4,013 ) (1) Realized gains and losses on marketable securities are reclassified from AOCI into other income (expense), net in the consolidated statements of operations.

Property and Equipment, Net (Ta

Property and Equipment, Net (Tables)	3 Months Ended
Property and Equipment, Net (Tables)	Mar. 31, 2022
Property Plant And Equipment [Abstract]
Property and Equipment, Net by Geographic Area	The following table lists property and equipment, net by geographic area: As of March 31, 2022 As of December 31, 2021 (in thousands) Property and equipment, net: United States $ 185,378 $ 174,826 Rest of world (1) 29,063 27,818 Total property and equipment, net $ 214,441 $ 202,644 (1) No individual country exceeded 10% of our total property and equipment, net for any period presented.

Description of Business and S_3

Description of Business and Summary of Significant Accounting Policies - Additional Information (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Dec. 31, 2021	Jan. 01, 2021
Description Of Business And Summary Of Significant Accounting Policies [Line Items]
Accumulated deficit	$ (8,644,090)	$ (8,284,466)
Additional paid-in capital	12,211,123	12,069,097
Convertible senior notes, net	$ 3,736,843	$ 2,253,087
Accounting Standards Update 2021-10
Description Of Business And Summary Of Significant Accounting Policies [Line Items]
Change in accounting principle, accounting standards update, adopted [true false]	true
Change in accounting principle, accounting standards update, adoption date	Jan. 1, 2022
Change in accounting principle, accounting standards update, immaterial effect [true false]	true
Accounting Standards Update 2021-08
Description Of Business And Summary Of Significant Accounting Policies [Line Items]
Change in accounting principle, accounting standards update, adopted [true false]	true
Change in accounting principle, accounting standards update, adoption date	Jan. 1, 2022
Change in accounting principle, accounting standards update, immaterial effect [true false]	true
Accounting Standards Update 2020-06
Description Of Business And Summary Of Significant Accounting Policies [Line Items]
Change in accounting principle, accounting standards update, adoption date	Jan. 1, 2021
Change in accounting principle, accounting standards update, early adoption [true false]	true
Change in accounting principle, accounting standards update, transition option elected	us-gaap:AccountingStandardsUpdate202006RetrospectiveMember
Accounting Standards Update 2020-06 \| Revision of Prior Period, Accounting Standards Update, Adjustment
Description Of Business And Summary Of Significant Accounting Policies [Line Items]
Accumulated deficit			$ (95,000)
Additional paid-in capital			664,000
Convertible senior notes, net			$ 569,000

Revenue - Disaggregation of Rev

Revenue - Disaggregation of Revenue by Geography (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Disaggregation Of Revenue [Line Items]
Total revenue	$ 1,062,727	$ 769,584
North America
Disaggregation Of Revenue [Line Items]
Total revenue	749,243	531,363
Europe
Disaggregation Of Revenue [Line Items]
Total revenue	159,076	129,118
Rest of World
Disaggregation Of Revenue [Line Items]
Total revenue	$ 154,408	$ 109,103

Revenue - Disaggregation of R_2

Revenue - Disaggregation of Revenue by Geography (Parenthetical) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Disaggregation Of Revenue [Line Items]
Total revenue	$ 1,062,727	$ 769,584
United States
Disaggregation Of Revenue [Line Items]
Total revenue	$ 727,400	$ 514,600

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, 2022	Mar. 31, 2021
Numerator:
Net loss	$ (359,624)	$ (286,882)
Basic shares:
Weighted-average common shares - Basic	1,619,113	1,501,636
Diluted shares:
Weighted-average common shares - Diluted	1,619,113	1,501,636
Net loss per share attributable to common stockholders:
Basic	$ (0.22)	$ (0.19)
Diluted	$ (0.22)	$ (0.19)
Class A Common Stock
Numerator:
Net loss	$ (303,132)	$ (238,107)
Net loss attributable to common stockholders	$ (303,132)	$ (238,107)
Basic shares:
Weighted-average common shares - Basic	1,364,772	1,246,333
Diluted shares:
Weighted-average common shares - Diluted	1,364,772	1,246,333
Net loss per share attributable to common stockholders:
Basic	$ (0.22)	$ (0.19)
Diluted	$ (0.22)	$ (0.19)
Class B Common Stock
Numerator:
Net loss	$ (5,045)	$ (4,523)
Net loss attributable to common stockholders	$ (5,045)	$ (4,523)
Basic shares:
Weighted-average common shares - Basic	22,714	23,676
Diluted shares:
Weighted-average common shares - Diluted	22,714	23,676
Net loss per share attributable to common stockholders:
Basic	$ (0.22)	$ (0.19)
Diluted	$ (0.22)	$ (0.19)
Class C Common Stock
Numerator:
Net loss	$ (51,447)	$ (44,252)
Net loss attributable to common stockholders	$ (51,447)	$ (44,252)
Basic shares:
Weighted-average common shares - Basic	231,627	231,627
Diluted shares:
Weighted-average common shares - Diluted	231,627	231,627
Net loss per share attributable to common stockholders:
Basic	$ (0.22)	$ (0.19)
Diluted	$ (0.22)	$ (0.19)

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, 2022	Mar. 31, 2021
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	4,132	5,305
Unvested Restricted Stock Units And Restricted Stock Awards Not Subject To A Performance Condition
Antidilutive Securities Excluded From Computation Of Earnings Per Share [Line Items]
Anti-dilutive securities excluded from calculation of diluted net loss per share	77,793	114,307
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	89,379	101,591

Stockholders' Equity - Addition

Stockholders' Equity - Additional Information (Details) $ in Millions	3 Months Ended
	Mar. 31, 2022USD ($)Plan
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Number of share-based employee compensation plans \| Plan	3
Restricted Stock Units and Restricted Stock Awards
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Unrecognized compensation cost	$ 1,900
Weighted average recognition period	2 years 3 months 18 days
RSUs and RSAs Awards Granted Prior to February 2018
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Service condition satisfied, years	4 years
RSUs and RSAs Awards Granted Prior to February 2018 \| First Year
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Award vesting percentage	10.00%
RSUs and RSAs Awards Granted Prior to February 2018 \| Second Year
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Award vesting percentage	20.00%
RSUs and RSAs Awards Granted Prior to February 2018 \| Third Year
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Award vesting percentage	30.00%
RSUs and RSAs Awards Granted Prior to February 2018 \| Fourth Year
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Award vesting percentage	40.00%
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
Stock Options
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Weighted average recognition period	1 year 1 month 6 days
Unrecognized compensation cost	$ 1.6

Stockholders' Equity - Summary

Stockholders' Equity - Summary of RSU and RSA Activity (Details) - Restricted Stock Units and Restricted Stock Awards shares in Thousands	3 Months Ended
	Mar. 31, 2022$ / sharesshares
Weighted-Average Grant Date Fair Value per Restricted Stock
Weighted-Average Grant Date Fair Value per Restricted Stock, Unvested Beginning Balance \| $ / shares	$ 26.07
Weighted-Average Grant Date Fair Value per Restricted Stock, Granted \| $ / shares	34.87
Weighted-Average Grant Date Fair Value per Restricted Stock, Vested \| $ / shares	20.05
Weighted-Average Grant Date Fair Value per Restricted Stock, Forfeited \| $ / shares	25.03
Weighted-Average Grant Date Fair Value per Restricted Stock, Unvested Ending Balance \| $ / shares	$ 27.87
Class A Common Stock
Outstanding Restricted Stock
Outstanding Restricted Stock, Unvested Beginning Balance \| shares	86,180
Outstanding Restricted Stock, Granted \| shares	6,864
Outstanding Restricted Stock, Vested \| shares	(12,816)
Outstanding Restricted Stock, Forfeited \| shares	(2,435)
Outstanding Restricted Stock, Unvested Ending Balance \| shares	77,793

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, 2022	Dec. 31, 2021
Weighted-Average Exercise Price
Weighted-Average Exercise Price, Beginning balance	$ 10.59
Weighted-Average Exercise Price, Exercised	13.70
Weighted-Average Exercise Price, Forfeited	26.42
Weighted-Average Exercise Price, Ending balance	$ 10.46	$ 10.59
Weighted-Average Remaining Contractual Term
Weighted-Average Remaining Contractual Term (in years)	3 years 10 months 24 days	4 years 2 months 8 days
Aggregate Intrinsic Value
Aggregate Intrinsic Value, Outstanding	$ 106,477	$ 157,374
Class A Common Stock
Number of Shares
Number of Shares, Beginning balance	3,676
Number of Shares, Exercised	(160)
Number of Shares, Forfeited	(6)
Number of Shares, Ending balance	3,510	3,676
Class B Common Stock
Number of Shares
Number of Shares, Beginning balance	628
Number of Shares, Exercised	(6)
Number of Shares, Ending balance	622	628

Stockholders' Equity - Summar_3

Stockholders' Equity - Summary of Total Stock-based Compensation Expense (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Total	$ 275,444	$ 237,073
Cost of Revenue
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Total	2,446	2,656
Research and Development
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Total	182,866	163,793
Sales and Marketing
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Total	42,071	29,084
General and Administrative
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Total	$ 48,061	$ 41,540

Business Acquisitions - Additio

Business Acquisitions - Additional Information (Details) - USD ($) $ in Thousands, shares in Millions	1 Months Ended		3 Months Ended	12 Months Ended
	May 31, 2021	Mar. 31, 2021	Mar. 31, 2022	Dec. 31, 2021
Business Acquisition [Line Items]
Goodwill			$ 1,645,284	$ 1,588,452
2022 Acquisitions
Business Acquisition [Line Items]
Purchase price consideration			102,500
Payment to acquire business			500
Goodwill			60,800
Goodwill deductible for tax purposes			83,900
2022 Acquisitions \| Other Liabilities
Business Acquisition [Line Items]
Business combination, recognized identifiable assets acquired and liabilities assumed, liabilities			58,000
2022 Acquisitions \| Class A Common Stock
Business Acquisition [Line Items]
Business combination, consideration transferred, equity interests issued and issuable			$ 44,000
Wave Optics
Business Acquisition [Line Items]
Purchase price consideration	$ 510,400
Business combination, consideration transferred, equity interests issued and issuable	252,000
Payment to acquire business	13,700
Business combination, recognized identifiable assets acquired and liabilities assumed, liabilities	238,400
Goodwill	370,236
Business combination total consideration including post combination expense	541,800
Business combination, post combination expense	$ 31,400
Wave Optics \| Class A Common Stock
Business Acquisition [Line Items]
Business combination consideration in shares issued or issuable	4.7
Fit Analytics
Business Acquisition [Line Items]
Purchase price consideration		$ 124,400
Goodwill		$ 88,132
Other 2021 Acquisitions
Business Acquisition [Line Items]
Purchase price consideration				266,100
Payment to acquire business				139,500
Goodwill				203,482
Goodwill deductible for tax purposes				8,200
Other 2021 Acquisitions \| Other Liabilities
Business Acquisition [Line Items]
Business combination, recognized identifiable assets acquired and liabilities assumed, liabilities				32,900
Other 2021 Acquisitions \| Class A Common Stock
Business Acquisition [Line Items]
Business combination, consideration transferred, equity interests issued and issuable				$ 93,700

Business Acquisitions - Summary

Business Acquisitions - Summary of Total Purchase Consideration Allocation (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021	May 31, 2021	Mar. 31, 2021
Business Acquisition [Line Items]
Goodwill	$ 1,645,284	$ 1,588,452
Wave Optics
Business Acquisition [Line Items]
Goodwill			$ 370,236
Net deferred tax liability			(3,313)
Other assets acquired and liabilities assumed, net			13,111
Total			510,444
Wave Optics \| Trademarks
Business Acquisition [Line Items]
Finite lived intangible assets			20,584
Wave Optics \| Technology
Business Acquisition [Line Items]
Finite lived intangible assets			77,118
Wave Optics \| Customer Relationships
Business Acquisition [Line Items]
Finite lived intangible assets			$ 32,708
Fit Analytics
Business Acquisition [Line Items]
Goodwill				$ 88,132
Net deferred tax liability				(5,643)
Other assets acquired and liabilities assumed, net				7,160
Total				124,449
Fit Analytics \| Trademarks
Business Acquisition [Line Items]
Finite lived intangible assets				800
Fit Analytics \| Technology
Business Acquisition [Line Items]
Finite lived intangible assets				17,000
Fit Analytics \| Customer Relationships
Business Acquisition [Line Items]
Finite lived intangible assets				$ 17,000
Other 2021 Acquisitions
Business Acquisition [Line Items]
Goodwill		203,482
Net deferred tax liability		(11,871)
Other assets acquired and liabilities assumed, net		6,325
Total		266,086
Other 2021 Acquisitions \| Technology
Business Acquisition [Line Items]
Finite lived intangible assets		64,150
Other 2021 Acquisitions \| Customer Relationships
Business Acquisition [Line Items]
Finite lived intangible assets		$ 4,000

Goodwill and Intangible Asset_2

Goodwill and Intangible Assets - Changes in Carrying Amount of Goodwill (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2022USD ($)
Goodwill And Intangible Assets Disclosure [Abstract]
Goodwill, beginning balance	$ 1,588,452
Goodwill acquired	60,791
Foreign currency translation	(3,959)
Goodwill, ending balance	$ 1,645,284

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, 2022	Dec. 31, 2021
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 477,812	$ 441,055
Accumulated Amortization	185,502	163,401
Net	$ 292,310	$ 277,654
Domain Names
Finite-Lived Intangible Assets [Line Items]
Weighted-Average Remaining Useful Life - Years	4 years 6 months	4 years 7 months 6 days
Gross Carrying Amount	$ 963	$ 967
Accumulated Amortization	417	365
Net	$ 546	$ 602
Trademarks
Finite-Lived Intangible Assets [Line Items]
Weighted-Average Remaining Useful Life - Years	4 years 1 month 6 days	4 years 3 months 18 days
Gross Carrying Amount	$ 21,384	$ 21,384
Accumulated Amortization	3,708	2,613
Net	$ 17,676	$ 18,771
Technology
Finite-Lived Intangible Assets [Line Items]
Weighted-Average Remaining Useful Life - Years	3 years 8 months 12 days	3 years 7 months 6 days
Gross Carrying Amount	$ 369,068	$ 343,800
Accumulated Amortization	159,580	142,588
Net	$ 209,488	$ 201,212
Patents
Finite-Lived Intangible Assets [Line Items]
Weighted-Average Remaining Useful Life - Years	6 years 7 months 6 days	4 years
Gross Carrying Amount	$ 26,689	$ 21,195
Accumulated Amortization	12,173	11,503
Net	$ 14,516	$ 9,692
Other
Finite-Lived Intangible Assets [Line Items]
Weighted-Average Remaining Useful Life - Years	1 year 9 months 18 days
Gross Carrying Amount	$ 6,000
Accumulated Amortization	626
Net	$ 5,374
Customer Relationships
Finite-Lived Intangible Assets [Line Items]
Weighted-Average Remaining Useful Life - Years	4 years 10 months 24 days	5 years 1 month 6 days
Gross Carrying Amount	$ 53,708	$ 53,709
Accumulated Amortization	8,998	6,332
Net	$ 44,710	$ 47,377

Goodwill and Intangible Asset_4

Goodwill and Intangible Assets - Additional Information (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Goodwill And Intangible Assets Disclosure [Abstract]
Amortization of intangible assets	$ 22.5	$ 10.4

Goodwill and Intangible Asset_5

Goodwill and Intangible Assets - Schedule of Estimated Intangible Asset Amortization Expense (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Finite Lived Intangible Assets Future Amortization Expense Current And Five Succeeding Fiscal Years [Abstract]
Remainder of 2022	$ 64,244
2023	81,366
2024	66,841
2025	49,493
2026	18,979
Thereafter	11,387
Net	$ 292,310	$ 277,654

Convertible Notes - Additional

Convertible Notes - Additional Information (Details)	1 Months Ended				3 Months Ended		12 Months Ended
Convertible Notes - Additional Information (Details)	Feb. 28, 2022USD ($)d$ / sharesshares	Apr. 30, 2021USD ($)$ / sharesshares	Apr. 30, 2020USD ($)$ / sharesshares	Aug. 31, 2019USD ($)$ / sharesshares	Mar. 31, 2022USD ($)$ / shares	Mar. 31, 2021USD ($)	Dec. 31, 2021USD ($)shares
Debt Instrument [Line Items]
Proceeds from issuance of convertible notes, net of issuance costs					$ 1,483,500,000
Amortization of debt issuance costs					1,413,000	$ 1,044,000
Exchange Agreements
Debt Instrument [Line Items]
Induced conversion expense related to convertible notes					0	0
Shares issued under original terms of general conversion with net carrying amount							$ 1,132,600,000
Class A Common Stock \| Exchange Agreements
Debt Instrument [Line Items]
Shares issued upon conversion of each $1000 principal amount \| shares							52,400,000
Additional shares issued upon conversion \| shares							700,000
Fair value of induced conversion exchange shares \| shares							700,000
2028 Notes
Debt Instrument [Line Items]
Debt instrument, principal amount	$ 1,500,000,000				$ 1,500,000,000
Indenture date	Feb. 11, 2022
Proceeds from issuance of convertible notes, net of issuance costs	$ 1,310,000,000
Interest payment beginning date	Sep. 1, 2022
Debt instrument, interest rate	0.125%
Debt instrument, interest rate terms					Interest is payable in cash semi-annually in arrears beginning on September 1, 2022 at a rate of 0.125% per year.
Debt instrument, maturity date	Mar. 1, 2028
Debt instrument, redemption price percentage	100.00%
Debt instrument convertible, amortization period					5 years 10 months 24 days
Cap price, net cost					$ 177,000,000
2028 Notes \| Class A Common Stock
Debt Instrument [Line Items]
Shares issued upon conversion of each $1000 principal amount \| shares	17.7494
Debt instrument, convertible principal amount used in conversion rate	$ 1,000
Conversion price per share \| $ / shares	$ 56.34
Debt instrument convertible, percentage of conversion price	130.00%
Debt instrument convertible, number of trading days \| d	20
Debt instrument, redemption price percentage	100.00%
Cap price, per share \| $ / shares					$ 93.90
2028 Notes \| Class A Common Stock \| Scenario One
Debt Instrument [Line Items]
Debt instrument convertible, percentage of conversion price	130.00%
Debt instrument convertible, number of trading days \| d	20
Debt instrument convertible, number of consecutive trading days \| d	30
2028 Notes \| Class A Common Stock \| Scenario Two
Debt Instrument [Line Items]
Debt instrument, convertible principal amount used in conversion rate	$ 1,000
Debt instrument convertible, number of consecutive trading days \| d	10
Debt instrument, convertible, threshold business days	5 days
2028 Notes \| Class A Common Stock \| Scenario Two \| Maximum
Debt Instrument [Line Items]
Debt instrument convertible, percentage of conversion price	98.00%
2027 Notes
Debt Instrument [Line Items]
Debt instrument, principal amount		$ 1,150,000,000			$ 1,150,000,000		$ 1,150,000,000
Proceeds from issuance of convertible notes, net of issuance costs		$ 1,050,000,000
Debt instrument, maturity date		May 1, 2027
Debt instrument convertible, amortization period					5 years 1 month 6 days
Cap price, net cost					$ 86,800,000
2027 Notes \| Class A Common Stock
Debt Instrument [Line Items]
Shares issued upon conversion of each $1000 principal amount \| shares		11.2042
Debt instrument, convertible principal amount used in conversion rate		$ 1,000
Conversion price per share \| $ / shares		$ 89.25
Cap price, per share \| $ / shares					$ 121.02
2025 Notes
Debt Instrument [Line Items]
Debt instrument, principal amount			$ 1,000,000,000		$ 284,105,000		284,105,000
Debt instrument, interest rate			0.25%
Debt instrument, interest rate terms					Interest is payable in cash semi-annually in arrears beginning on November 1, 2020 at a rate of 0.25% per year.
Debt instrument, maturity date			May 1, 2025
Proceeds from issuance of convertible notes, net of issuance costs			$ 888,600,000
Interest payment beginning date			Nov. 1, 2020
Debt instrument convertible, amortization period					3 years 1 month 6 days
If-converted value exceeding principal amount					$ 187,500,000
Cap price, net cost					$ 100,000,000
2025 Notes \| Exchange Agreements
Debt Instrument [Line Items]
Debt conversion, principal amount							715,900,000
2025 Notes \| Class A Common Stock
Debt Instrument [Line Items]
Shares issued upon conversion of each $1000 principal amount \| shares			46.1233
Debt instrument, convertible principal amount used in conversion rate			$ 1,000
Conversion price per share \| $ / shares			$ 21.68
Cap price, per share \| $ / shares					$ 32.12
2026 Notes
Debt Instrument [Line Items]
Debt instrument, principal amount				$ 1,265,000,000	$ 838,491,000		838,493,000
Interest payment beginning date				Feb. 1, 2020
Debt instrument, interest rate				0.75%
Debt instrument, interest rate terms					Interest is payable in cash semi-annually in arrears beginning on February 1, 2020 at a rate of 0.75% per year.
Debt instrument, maturity date				Aug. 1, 2026
Proceeds from issuance of convertible notes, net of issuance costs				$ 1,150,000,000
Debt instrument convertible, amortization period					4 years 3 months 18 days
If-converted value exceeding principal amount					$ 484,700,000,000
Cap price, net cost					$ 102,100,000
2026 Notes \| Exchange Agreements
Debt Instrument [Line Items]
Debt conversion, principal amount							$ 426,500,000
2026 Notes \| Class A Common Stock
Debt Instrument [Line Items]
Shares issued upon conversion of each $1000 principal amount \| shares				43.8481
Debt instrument, convertible principal amount used in conversion rate				$ 1,000
Conversion price per share \| $ / shares				$ 22.81
Cap price, per share \| $ / shares					$ 32.58
2025, 2026 and 2027, 2028 Notes
Debt Instrument [Line Items]
Amortization of debt issuance costs					$ 1,400,000	1,000,000
Contractual interest expense					$ 2,000,000	$ 3,000,000
Initial Placement \| 2028 Notes
Debt Instrument [Line Items]
Debt instrument, principal amount	$ 1,300,000,000
Over-Allotment Option \| 2028 Notes
Debt Instrument [Line Items]
Debt instrument, principal amount	$ 200,000,000

Convertible Notes - Summary of

Convertible Notes - Summary of Convertible Notes (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Feb. 28, 2022	Dec. 31, 2021	Apr. 30, 2021	Apr. 30, 2020	Aug. 31, 2019
2025 Notes
Debt Instrument [Line Items]
Principal	$ 284,105		$ 284,105		$ 1,000,000
Unamortized debt issuance costs	(2,006)		(2,168)
Net carrying amount	282,099		281,937
2026 Notes
Debt Instrument [Line Items]
Principal	838,491		838,493			$ 1,265,000
Unamortized debt issuance costs	(5,662)		(5,982)
Net carrying amount	832,829		832,511
2027 Notes
Debt Instrument [Line Items]
Principal	1,150,000		1,150,000	$ 1,150,000
Unamortized debt issuance costs	(10,831)		(11,361)
Net carrying amount	1,139,169		$ 1,138,639
2028 Notes
Debt Instrument [Line Items]
Principal	1,500,000	$ 1,500,000
Unamortized debt issuance costs	(17,254)
Net carrying amount	$ 1,482,746

Commitments and Contingencies -

Commitments and Contingencies - Additional Information (Details)	Mar. 31, 2022USD ($)
Loss Contingencies [Line Items]
Commitments due within three years	$ 4,400,000,000
Indemnification Agreement
Loss Contingencies [Line Items]
Liabilities recorded	$ 0

Leases - Components of Lease Co

Leases - Components of Lease Cost (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Leases [Abstract]
Operating lease expense	$ 23,626	$ 14,940
Sublease income	(673)	(402)
Total net lease costs	$ 22,953	$ 14,538

Leases - Summary of Weighted Av

Leases - Summary of Weighted Average Remaining Lease Term and Discount Rate Related to Operating Leases (Details)	Mar. 31, 2022	Mar. 31, 2021
Leases [Abstract]
Weighted-average remaining lease term	7 years	7 years 3 months 18 days
Weighted-average discount rate	4.90%	5.50%

Leases - Present Value of Opera

Leases - Present Value of Operating Lease Liabilities (Details) $ in Thousands	Mar. 31, 2022USD ($)
Leases [Abstract]
Remainder of 2022	$ 49,962
2023	96,315
2024	105,045
2025	98,684
2026	50,079
Thereafter	173,745
Total lease payments	573,830
Less: Imputed interest	(95,312)
Present value of lease liabilities	$ 478,518

Leases - Additional Information

Leases - Additional Information (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Lessee Lease Description [Line Items]
Lease obligations for additional leases not yet commenced	$ 60.1
Operating leases not yet commenced, start year	2022
Operating leases not yet commenced, end year	2024
Operating cash outflows for operating leases	$ 23.5	$ 17
Lease liabilities arising from obtaining operating lease right-of-use assets	$ 122.2	$ 9.4
Minimum
Lessee Lease Description [Line Items]
Operating leases, terms	2 years
Maximum
Lessee Lease Description [Line Items]
Operating leases, terms	11 years

Strategic Investments - Additio

Strategic Investments - Additional Information (Details) - Privately Held Securities - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Dec. 31, 2021
Investment Holdings [Line Items]
Carrying value of investment in privately-held companies	$ 275.9		$ 262.7
Unrealized gains on investments	$ 13.3	$ 23.3

Fair Value Measurements - Summa

Fair Value Measurements - Summary of Financial Assets Measured at Fair Value on Recurring Basis (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Marketable securities, Total Estimated Fair Value	$ 2,600,000
Equity Securities, Fair Value	101,100	$ 193,200
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	4,979,427	3,572,489
Equity Securities and Marketable securities, Gross Unrealized Gains	29,954	122,066
Equity Securities and Marketable securities, Gross Unrealized Losses	(8,390)	(1,670)
Cash, Equity Securities and Marketable Securities, Total Estimated Fair Value	5,000,991	3,692,885
Fair Value, Measurements, Recurring \| Cash
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Cash, Cost or Amortized Cost	2,211,850	1,966,966
Cash, Total Estimated Fair Value	2,211,850	1,966,966
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	1,751,529	811,092
Marketable securities, Gross Unrealized Gains	17	1
Marketable securities, Gross Unrealized Losses	(7,324)	(1,454)
Marketable securities, Total Estimated Fair Value	1,744,222	809,639
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	67,497	77,409
Marketable securities, Gross Unrealized Gains		1
Marketable securities, Gross Unrealized Losses	(65)	(8)
Marketable securities, Total Estimated Fair Value	67,432	77,402
Fair Value, Measurements, Recurring \| Level 1 Securities \| Publicly Traded Equity Securities
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Equity Securities, Fair Value	71,139	71,139
Equity Securities, Gross Unrealized Gains	29,924	122,064
Equity Securities, Total Estimated Fair Value	101,063	193,203
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	317,508	143,124
Marketable securities, Gross Unrealized Gains	13
Marketable securities, Gross Unrealized Losses	(1,000)	(207)
Marketable securities, Total Estimated Fair Value	316,521	142,917
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	473,660	422,328
Marketable securities, Gross Unrealized Losses	(1)	(1)
Marketable securities, Total Estimated Fair Value	473,659	422,327
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	86,244	80,431
Marketable securities, Total Estimated Fair Value	$ 86,244	$ 80,431

Fair Value Measurements - Addit

Fair Value Measurements - Additional Information (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2022	Dec. 31, 2021
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Equity Securities, Fair Value	$ 101.1	$ 193.2
Marketable securities contractual maturities	175.3
Marketable securities	2,600
Level 2 Securities \| 2028 Notes
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Convertible notes	1,500
Level 2 Securities \| 2027 Notes
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Convertible notes	986.1	1,100
Level 2 Securities \| 2025 Notes
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Convertible notes	508.6	650.1
Level 2 Securities \| 2026 Notes
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Convertible notes	$ 1,500	$ 1,900
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
Publicly Traded Equity Securities
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Unrealized gains on investments	$ 92.1

Income Taxes - Additional Infor

Income Taxes - Additional Information (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Income Tax Disclosure [Abstract]
Income tax expense	$ 8,510	$ 1,440

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, 2022	Mar. 31, 2021
Accumulated Other Comprehensive Income Loss [Line Items]
Balance, beginning of period	$ 3,790,168
OCI before reclassifications	(9,534)
Total other comprehensive income (loss), net of tax	(9,534)	$ (9,453)
Balance, end of period	3,563,036	1,706,178
Marketable Securities
Accumulated Other Comprehensive Income Loss [Line Items]
Balance, beginning of period	(1,822)
OCI before reclassifications	(6,692)
Total other comprehensive income (loss), net of tax	(6,692)
Balance, end of period	(8,514)
Foreign Currency Translation
Accumulated Other Comprehensive Income Loss [Line Items]
Balance, beginning of period	7,343
OCI before reclassifications	(2,842)
Total other comprehensive income (loss), net of tax	(2,842)
Balance, end of period	4,501
Accumulated Other Comprehensive Income (Loss)
Accumulated Other Comprehensive Income Loss [Line Items]
Balance, beginning of period	5,521	21,363
Total other comprehensive income (loss), net of tax	(9,534)	(9,453)
Balance, end of period	$ (4,013)	$ 11,910

Property and Equipment, Net - P

Property and Equipment, Net - Property and Equipment, Net by Geographic Area (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Property and equipment, net:
Total property and equipment, net	$ 214,441	$ 202,644
United States
Property and equipment, net:
Total property and equipment, net	185,378	174,826
Rest of World
Property and equipment, net:
Total property and equipment, net	$ 29,063	$ 27,818

Property and Equipment, Net -_2

Property and Equipment, Net - Property and Equipment, Net by Geographic Area (Parenthetical) (Details) - Country	3 Months Ended	12 Months Ended
	Mar. 31, 2022	Dec. 31, 2021
Geographic Concentrations \| Property and Equipment Net \| Rest of World
Revenues From External Customers And Long Lived Assets [Line Items]
Number of individual country exceeded 10% of total property and equipment	0	0