We are exposed to market risk in the ordinary course of our business, such as interest rate risk, foreign currency risk, and inflation risk. Market risk represents the risk of loss that may impact our financial position due to adverse changes in financial market prices and rates. Interest Rate Risk As of June 30, 2026, we had cash, cash equivalents, and marketable securities of $5.5 billion. In addition, we had $1.4 billion of restricted cash and cash equivalents, primarily consisting of bank deposits related to our collateralized loan facility. Our cash, cash equivalents, and marketable securities are held for working capital purposes. We do not enter into investments for trading or speculative purposes. We are exposed to interest rate risk related to our outstanding floating rate debt, as a rising interest rate environment may increase the amount of interest paid on these loans. For the three and six months ended June 30, 2026, for every 100-basis point increase or decrease in interest rates, our interest expense could increase or decrease by approximately $30 million and $61 million, respectively, based on the total balance of our outstanding floating rate debt as of June 30, 2026. The level of our interest rate risk is dependent on our debt exposure and is sensitive to changes in the general level of interest rates. We have entered into interest rate swaps intended to mitigate the interest rate risk associated with certain floating interest rate debt. Foreign Currency Risk We transact business globally in multiple currencies. Our international costs and expenses denominated in foreign currencies, expose us to the risk of fluctuations in foreign currency exchange rates against the U.S. dollar. We are exposed to foreign currency risks related to our operating expenses denominated in currencies other than the U.S. dollar, primarily the British pound, Canadian dollar, Euro and Swedish krona. Accordingly, changes in exchange rates may negatively affect our future revenue and other operating results as expressed in U.S. dollars. We have experienced and will continue to experience fluctuations in our net loss as a result of transaction gains or losses related to remeasurement of our asset and liability balances that are denominated in currencies other than the functional currency of the entities in which they are recorded. We have foreign currency derivative contracts to mitigate certain of the foreign currency exchange risk of our assets and liabilities denominated in currencies other than the functional currency. These contracts reduce, but do not eliminate, the impact of foreign currency exchange rate movements on our assets and liabilities. Our foreign exchange derivative contracts had a total notional value of $1.8 billion as of June 30, 2026. We estimate that an unfavorable 10% change in the underlying exchange rates would result in unfavorable foreign exchange losses of approximately $180 million, which we expect would be offset by an inverse change in the fair value of the underlying exposure.