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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2022
Dec. 31, 2021
Current assets    
Cash and cash equivalents $ 201,221 $ 374,294
Cash reserved for users 918 579
Short-term investments 100,000 0
Accounts receivable, net 43,938 34,308
Prepaid sports rights 34,242 3,284
Prepaid and other current assets 13,715 16,040
Total current assets 394,034 428,505
Property and equipment, net 6,307 6,817
Restricted cash 6,131 5,112
Intangible assets, net 202,932 218,186
Goodwill 607,223 630,269
Right-of-use assets 38,738 37,755
Other non-current assets 12,662 43,134
Total assets 1,268,027 1,369,778
Current liabilities    
Accounts payable 73,599 56,460
Accrued expenses and other current liabilities 210,031 219,579
Notes payable 5,539 5,113
Deferred revenue 58,674 44,296
Warrant liabilities 0 3,548
Long-term borrowings - current portion 1,887 3,668
Current portion of lease liabilities 5,768 4,633
Total current liabilities 355,498 337,297
Convertible notes, net of discount 393,462 316,354
Deferred income taxes 1,279 2,431
Lease liabilities 37,279 34,129
Other long-term liabilities 18,963 8,686
Total liabilities 806,481 698,897
COMMITMENTS AND CONTINGENCIES (Note 14)
Redeemable non-controlling interest 1,528 0
Stockholders’ equity:    
Common stock par value $0.0001: 400,000,000 shares authorized; 189,343,531 and 153,950,895 shares issued and outstanding at September 30, 2022 and December 31, 2021, respectively 19 16
Additional paid-in capital 1,889,274 1,691,206
Accumulated deficit (1,406,107) (1,009,293)
Non-controlling interest (11,561) (11,220)
Accumulated other comprehensive income (loss) (11,607) 172
Total stockholders’ equity 460,018 670,881
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY AND TEMPORARY EQUITY $ 1,268,027 $ 1,369,778