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Condensed Consolidated Balance Sheets - USD ($)
Mar. 31, 2023
Dec. 31, 2022
Current assets    
Cash and cash equivalents $ 358,665,000 $ 337,087,000
Accounts receivable, net 41,314,000 43,996,000
Prepaid sports rights 44,399,000 37,668,000
Prepaid and other current assets 12,696,000 13,508,000
Assets of discontinued operations 2,765,000 4,643,000
Total current assets 459,839,000 436,902,000
Property and equipment, net 5,263,000 4,975,000
Restricted cash 6,141,000 6,139,000
Intangible assets, net 167,405,000 171,832,000
Goodwill 620,898,000 618,506,000
Right-of-use assets 35,287,000 35,888,000
Other non-current assets 3,175,000 3,532,000
Total assets 1,298,008,000 1,277,774,000
Current liabilities    
Accounts payable 62,084,000 66,952,000
Accrued expenses and other current liabilities 253,339,000 264,415,000
Notes payable 5,841,000 5,687,000
Deferred revenue 66,451,000 65,370,000
Long-term borrowings - current portion 1,806,000 1,986,000
Current portion of lease liabilities 2,550,000 1,763,000
Liabilities of discontinued operations 31,716,000 32,581,000
Total current liabilities 423,787,000 438,754,000
Convertible notes, net of discount 394,717,000 394,094,000
Deferred income taxes 651,000 765,000
Lease liabilities 38,564,000 39,266,000
Other long-term liabilities 2,477,000 1,565,000
Total liabilities 860,196,000 874,444,000
COMMITMENTS AND CONTINGENCIES (Note 13)
Redeemable non-controlling interest 0 1,648,000
Shareholders’ equity:    
Common stock par value $0.0001: 400,000,000 shares authorized; 281,599,807 and 209,684,548 shares issued and outstanding at March 31, 2023 and December 31, 2022, respectively 28,000 21,000
Additional paid-in capital 2,088,632,000 1,972,006,000
Accumulated deficit (1,641,701,000) (1,558,088,000)
Non-controlling interest (11,299,000) (11,662,000)
Accumulated other comprehensive income (loss) 2,152,000 (595,000)
Total shareholders’ equity 437,812,000 401,682,000
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY AND TEMPORARY EQUITY $ 1,298,008,000 $ 1,277,774,000