XML 22 R4.htm IDEA: XBRL DOCUMENT v3.22.0.1
Consolidated Statements of Operations and Comprehensive Loss - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Revenues      
Total revenues $ 638,350 $ 217,746 $ 4,271
Operating expenses      
Subscriber related expenses 593,241 204,240 (0)
Broadcasting and transmission 55,563 29,542
Sales and marketing 142,387 63,141 491
Technology and development 60,513 30,189
General and administrative 108,185 77,635 13,302
Depreciation and amortization 37,881 43,972 20,765
Impairment of intangible assets and goodwill 248,926 8,598
Total operating expenses 997,770 697,645 43,156
Operating loss (359,420) (479,899) (38,885)
Other income (expense)      
Interest expense and financing costs (13,485) (18,637) (2,062)
Amortization of debt discount (14,928)
Gain on sale of assets 7,631
Loss on extinguishment of debt (380) (24,521)
Loss on deconsolidation of Nexway (11,919)
Change in fair value of warrant liabilities 2,659 (83,338)
Change in fair value of subsidiary warrant liabilities 4,504
Change in fair value of shares settled liability (1,665)
Change in fair value of derivative liability (426) 815
Change in fair value of profit share liability 1,971 (198)
Loss on investments (8,281)
Unrealized gain on equity method investment 2,614
Foreign currency exchange loss (1,010) (18)
Other income (expense) (90) 147 726
Total other expense (26,224) (129,153) (4,514)
Loss before income taxes (385,644) (609,052) (43,399)
Income tax benefit 2,681 9,660 5,272
Net loss (382,963) (599,392) (38,127)
Less: Net loss attributable to non-controlling interest 126 29,059 3,767
Net loss attributable to controlling interest (382,837) (570,333) (34,360)
Less: Deemed dividend - beneficial conversion feature on preferred stock (171) (589)
Less: Deemed dividend on Series D preferred stock (9)
Net loss attributable to common stockholders (382,837) (570,504) (34,958)
Other comprehensive income (loss)      
Foreign currency translation adjustment 172 (770)
Comprehensive loss $ (382,665) $ (570,504) $ (35,728)
Net loss per share attributable to common stockholders      
Basic and diluted $ (2.78) $ (12.82) $ (1.57)
Weighted average shares outstanding:      
Basic and diluted 137,498,077 44,492,975 22,286,060
Subscription [Member]      
Revenues      
Total revenues $ 564,441 $ 184,328
Advertising [Member]      
Revenues      
Total revenues 73,749 24,904
Software Licenses [Member]      
Revenues      
Total revenues 7,295 4,271
Other [Member]      
Revenues      
Total revenues $ 160 $ 1,219