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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2022
Dec. 31, 2021
Current assets    
Cash and cash equivalents $ 337,087 $ 370,968
Accounts receivable, net 43,996 34,297
Prepaid sports rights 37,668 3,284
Prepaid and other current assets 13,508 13,595
Assets of discontinued operations 4,643 6,361
Total current assets 436,902 428,505
Property and equipment, net 4,975 5,114
Restricted cash 6,139 5,112
Intangible assets, net 171,832 203,561
Goodwill 618,506 619,587
Right-of-use assets 35,888 34,654
Other non-current assets 3,532 3,017
Assets of discontinued operations 0 70,228
Total assets 1,277,774 1,369,778
Current liabilities    
Accounts payable 66,952 55,767
Accrued expenses and other current liabilities 264,415 215,285
Notes payable 5,687 5,113
Deferred revenue 65,370 44,296
Warrant liabilities 0 3,548
Long-term borrowings - current portion 1,986 3,668
Current portion of lease liabilities 1,763 3,825
Liabilities of discontinued operations 32,581 5,795
Total current liabilities 438,754 337,297
Convertible notes, net of discount 394,094 316,354
Deferred income taxes 765 2,431
Lease liabilities 39,266 31,682
Other long-term liabilities 1,565 0
Liabilities of discontinued operations 0 11,133
Total liabilities 874,444 698,897
COMMITMENTS AND CONTINGENCIES (Note 16)
Redeemable non-controlling interest 1,648 0
Shareholders’ equity:    
Common stock par value $0.0001: 400,000,000 shares authorized; 209,684,548 and 153,950,895 shares issued and outstanding at December 31, 2022 and December 31, 2021, respectively 21 16
Additional paid-in capital 1,972,006 1,691,206
Accumulated deficit (1,558,088) (1,009,293)
Non-controlling interest (11,662) (11,220)
Accumulated other comprehensive income (595) 172
Total shareholders’ equity 401,682 670,881
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY $ 1,277,774 $ 1,369,778