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Condensed Consolidated Statements of Operations and Comprehensive Loss - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Revenues        
Total revenues $ 312,735 $ 222,072 $ 637,109 $ 464,392
Operating expenses        
Subscriber related expenses 270,953 218,900 572,331 464,561
Broadcasting and transmission 18,327 17,157 38,091 37,454
Sales and marketing 33,819 28,159 76,765 70,711
Technology and development 17,778 18,040 36,005 36,758
General and administrative 15,460 22,790 30,137 49,482
Depreciation and amortization 8,913 8,410 17,755 19,766
Total operating expenses 365,250 313,456 771,084 678,732
Operating loss (52,515) (91,384) (133,975) (214,340)
Other income (expense)        
Interest expense, net of interest income (457) (3,511) (1,712) (7,112)
Amortization of debt discount (645) (619) (1,268) (1,219)
Change in fair value of warrant liabilities 0 0 0 (1,701)
Other income (expense) (713) 195 (857) 287
Total other income (expense) (1,815) (3,935) (3,837) (9,745)
Loss from continuing operations before income taxes (54,330) (95,319) (137,812) (224,085)
Income tax benefit 121 355 235 758
Net loss from continuing operations (54,209) (94,964) (137,577) (223,327)
Discontinued operations        
Income (loss) from discontinued operations before income taxes 4,259 (21,310) 4,003 (33,764)
Income tax benefit 0 0 0 0
Net income (loss) from discontinued operations 4,259 (21,310) 4,003 (33,764)
Loss from continuing operations (49,950) (116,274) (133,574) (257,091)
Less: Net loss attributable to non-controlling interest 10 150 21 243
Net loss attributable to common shareholders (49,940) (116,124) (133,553) (256,848)
Other comprehensive income (loss)        
Foreign currency translation adjustment (137) (844) (2,893) (3,059)
Comprehensive loss attributable to common shareholders $ (50,077) $ (116,968) $ (136,446) $ (259,907)
Net loss per share attributable to common shareholders        
Basic loss per share from continuing operations (in dollars per share) $ (0.19) $ (0.51) $ (0.53) $ (1.30)
Diluted loss per share from continuing operations (in dollars per share) (0.19) (0.51) (0.53) (1.30)
Basic loss per share from discontinued operations (in dollars per share) 0.02 (0.12) 0.02 (0.20)
Diluted loss per share from discontinued operations (in dollars per share) 0.02 (0.12) 0.02 (0.20)
Basic loss per share (in usd per share) (0.17) (0.63) (0.51) (1.50)
Diluted loss per share (in usd per share) $ (0.17) $ (0.63) $ (0.51) $ (1.50)
Weighted average shares outstanding:        
Basic (in shares) 291,720,400 185,103,005 258,646,559 171,316,513
Diluted (in shares) 291,720,400 185,103,005 258,646,559 171,316,513
Subscription        
Revenues        
Total revenues $ 288,994 $ 199,943 $ 589,869 $ 419,111
Advertising        
Revenues        
Total revenues 23,070 22,020 45,791 45,172
Other        
Revenues        
Total revenues $ 671 $ 109 $ 1,449 $ 109