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Consolidated Statements of Operations and Comprehensive Loss - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Revenues      
Total revenues $ 1,008,696 $ 638,370 $ 217,746
Operating expenses      
Subscriber related expenses 976,415 593,241 204,240
Broadcasting and transmission 73,377 55,563 29,542
Sales and marketing 183,615 135,720 63,141
Technology and development 69,264 55,418 30,189
General and administrative 81,151 89,039 77,635
Depreciation and amortization 36,731 37,666 43,972
Impairment of goodwill and intangible assets 0 0 248,926
Total operating expenses 1,420,553 966,647 697,645
Operating loss (411,857) (328,277) (479,899)
Other income (expense)      
Interest expense and financing costs (11,696) (13,451) (18,637)
Amortization of debt discount (2,476) (14,928) 0
Gain on sale of assets 0 0 7,631
Loss on extinguishment of debt 0 (380) (24,521)
Loss on deconsolidation of Nexway 0 0 (11,919)
Change in fair value of warrant liabilities (1,701) 2,659 (83,338)
Change in fair value of shares settled liability 0 0 (1,665)
Change in fair value of derivative liability 0 0 (426)
Change in fair value of profit share liability 0 0 1,971
Unrealized gain on equity method investment 0 0 2,614
Foreign currency exchange loss 0 0 (1,010)
Other income (expense) 1,019 (90) 147
Total other expense (14,854) (26,190) (129,153)
Loss from continuing operations before income taxes (426,711) (354,467) (609,052)
Income tax benefit 1,666 2,681 9,660
Net loss from continuing operations (425,045) (351,786) (599,392)
Net loss (561,919) (382,963) (599,392)
Discontinued operations      
Loss from discontinued operations before income taxes (136,874) (31,177) 0
Income tax benefit 0 0 0
Net loss from discontinued operations (136,874) (31,177) 0
Less: Net loss attributable to non-controlling interest 442 126 29,059
Net loss attributable to controlling interests (561,477) (382,837) (570,333)
Less: Deemed dividend - beneficial conversion feature on preferred stock 0 0 (171)
Net loss attributable to common shareholders (561,477) (382,837) (570,504)
Other comprehensive income (loss)      
Foreign currency translation adjustment (767) 172 0
Comprehensive loss attributable to common shareholders $ (562,244) $ (382,665) $ (570,504)
Net loss per share attributable to common shareholders      
Basic loss per share from continuing operations (in dollars per share) $ (2.33) $ (2.56) $ (12.82)
Diluted loss per share from continuing operations (in dollars per share) (2.33) (2.56) (12.82)
Basic loss per share from discontinued operations (in dollars per share) (0.75) (0.23) 0
Diluted loss per share from discontinued operations (in dollars per share) (0.75) (0.23) 0
Basic (in usd per share) (3.08) (2.78) (12.82)
Diluted (in usd per share) $ (3.08) $ (2.78) $ (12.82)
Weighted average shares outstanding:      
Basic (in shares) 182,472,069 137,498,077 44,492,975
Diluted (in shares) 182,472,069 137,498,077 44,492,975
Subscription      
Revenues      
Total revenues $ 905,886 $ 564,441 $ 184,328
Advertising      
Revenues      
Total revenues 101,739 73,749 24,904
Software licenses, net      
Revenues      
Total revenues 0 0 7,295
Other      
Revenues      
Total revenues $ 1,071 $ 180 $ 1,219