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Condensed Consolidated Balance Sheets - USD ($)
Jun. 30, 2023
Dec. 31, 2022
Current assets    
Cash and cash equivalents $ 293,515,000 $ 337,087,000
Accounts receivable, net 48,885,000 43,996,000
Prepaid sports rights 36,900,000 37,668,000
Prepaid and other current assets 15,632,000 13,508,000
Assets of discontinued operations 2,151,000 4,643,000
Total current assets 397,083,000 436,902,000
Property and equipment, net 5,015,000 4,975,000
Restricted cash 6,141,000 6,139,000
Intangible assets, net 166,407,000 171,832,000
Goodwill 621,076,000 618,506,000
Right-of-use assets 37,592,000 35,888,000
Other non-current assets 6,936,000 3,532,000
Total assets 1,240,250,000 1,277,774,000
Current liabilities    
Accounts payable 49,247,000 66,952,000
Accrued expenses and other current liabilities 242,894,000 264,415,000
Notes payable 5,997,000 5,687,000
Deferred revenue 60,746,000 65,370,000
Long-term borrowings - current portion 1,700,000 1,986,000
Current portion of lease liabilities 3,887,000 1,763,000
Liabilities of discontinued operations 26,761,000 32,581,000
Total current liabilities 391,232,000 438,754,000
Convertible notes, net of discount 395,362,000 394,094,000
Deferred income taxes 530,000 765,000
Lease liabilities 39,611,000 39,266,000
Other long-term liabilities 3,401,000 1,565,000
Total liabilities 830,136,000 874,444,000
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; 292,559,125 and 209,684,548 shares issued and outstanding at June 30, 2023 and December 31, 2022, respectively 29,000 21,000
Additional paid-in capital 2,110,746,000 1,972,006,000
Accumulated deficit (1,691,641,000) (1,558,088,000)
Non-controlling interest (11,309,000) (11,662,000)
Accumulated other comprehensive income (loss) 2,289,000 (595,000)
Total shareholders’ equity 410,114,000 401,682,000
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY AND TEMPORARY EQUITY $ 1,240,250,000 $ 1,277,774,000