XML 16 R4.htm IDEA: XBRL DOCUMENT v3.24.1.u1
CONDENSED CONSOLIDATED STATEMENT OF INCOME - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Income Statement [Abstract]    
Net revenues $ 2,556 $ 2,510
Cost of net revenues 700 700
Gross profit 1,856 1,810
Operating expenses:    
Sales and marketing 541 511
Product development 351 352
General and administrative 238 297
Provision for transaction losses 91 84
Amortization of acquired intangible assets 4 8
Total operating expenses 1,225 1,252
Income from operations 631 558
Gain (loss) on equity investments and warrant, net (97) 198
Interest expense (66) (68)
Interest income and other, net 68 42
Income from continuing operations before income taxes 536 730
Income tax provision (97) (161)
Income from continuing operations 439 569
Loss from discontinued operations, net of income taxes (1) (2)
Net income $ 438 $ 567
Income per share - basic:    
Continuing operations (in usd per share) $ 0.85 $ 1.06
Discontinued operations (in usd per share) 0 0
Net income per share - basic (in usd per share) 0.85 1.06
Income per share - diluted:    
Continuing operations (in usd per share) 0.85 1.05
Discontinued operations (in usd per share) 0 0
Net income per share - diluted (in usd per share) $ 0.85 $ 1.05
Weighted-average shares:    
Basic (in shares) 516 537
Diluted (in shares) 519 541