XML 45 R2.htm IDEA: XBRL DOCUMENT v3.23.3
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2023
Dec. 31, 2022
Current assets    
Cash and cash equivalents $ 259,935 $ 337,087
Accounts receivable, net 62,092 43,996
Prepaid sports rights 39,331 37,668
Prepaid and other current assets 18,915 13,508
Assets of discontinued operations 813 4,643
Total current assets 381,086 436,902
Property and equipment, net 4,942 4,975
Restricted cash 6,138 6,139
Intangible assets, net 162,549 171,832
Goodwill 617,394 618,506
Right-of-use assets 36,614 35,888
Other non-current assets 11,750 3,532
Total assets 1,220,473 1,277,774
Current liabilities    
Accounts payable 60,489 66,952
Accrued expenses and other current liabilities 270,586 264,415
Notes payable 6,158 5,687
Deferred revenue 85,898 65,370
Long-term borrowings - current portion 1,652 1,986
Current portion of lease liabilities 4,999 1,763
Liabilities of discontinued operations 21,475 32,581
Total current liabilities 451,257 438,754
Convertible notes, net of discount 396,012 394,094
Deferred income taxes 280 765
Lease liabilities 39,353 39,266
Other long-term liabilities 135 1,565
Total liabilities 887,037 874,444
COMMITMENTS AND CONTINGENCIES (Note 13)
Redeemable non-controlling interest 0 1,648
Shareholders’ equity:    
Common stock par value $0.0001: 800,000,000 shares authorized; 292,778,171 and 209,684,548 shares issued and outstanding at September 30, 2023 and December 31, 2022, respectively 29 21
Additional paid-in capital 2,121,742 1,972,006
Accumulated deficit (1,775,452) (1,558,088)
Non-controlling interest (11,314) (11,662)
Accumulated other comprehensive income (loss) (1,569) (595)
Total shareholders’ equity 333,436 401,682
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY AND TEMPORARY EQUITY $ 1,220,473 $ 1,277,774