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Condensed Consolidated Statements of Operations and Comprehensive Loss - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Revenues        
Total revenues $ 320,935 $ 224,989 $ 958,044 $ 689,381
Operating expenses        
Subscriber related expenses 286,068 214,466 858,399 679,027
Broadcasting and transmission 15,187 16,608 53,278 54,062
Sales and marketing 60,494 55,288 137,259 125,999
Technology and development 17,506 17,602 53,511 54,360
General and administrative 15,861 16,232 45,998 65,714
Depreciation and amortization 9,103 8,408 26,858 28,174
Total operating expenses 404,219 328,604 1,175,303 1,007,336
Operating loss (83,284) (103,615) (217,259) (317,955)
Other income (expense)        
Interest expense, net of interest income (480) (2,562) (2,192) (9,674)
Amortization of debt discount (650) (625) (1,918) (1,844)
Change in fair value of warrant liabilities 0 0 0 (1,701)
Other income (expense) (318) 608 (1,175) 895
Total other income (expense) (1,448) (2,579) (5,285) (12,324)
Loss from continuing operations before income taxes (84,732) (106,194) (222,544) (330,279)
Income tax benefit 247 392 482 1,150
Net loss from continuing operations (84,485) (105,802) (222,062) (329,129)
Discontinued operations        
Income (loss) from discontinued operations before income taxes 669 (46,944) 4,672 (80,708)
Income tax benefit 0 0 0 0
Net income (loss) from discontinued operations 669 (46,944) 4,672 (80,708)
Net loss from continuing operations (83,816) (152,746) (217,390) (409,837)
Less: Net loss attributable to non-controlling interest 5 98 26 341
Net loss attributable to common shareholders (83,811) (152,648) (217,364) (409,496)
Other comprehensive income (loss)        
Foreign currency translation adjustment 3,858 (8,720) 965 (11,779)
Comprehensive loss attributable to common shareholders $ (79,953) $ (161,368) $ (216,399) $ (421,275)
Net loss per share attributable to common shareholders        
Basic loss per share from continuing operations (in dollars per share) $ (0.29) $ (0.57) $ (0.82) $ (1.86)
Diluted loss per share from continuing operations (in dollars per share) (0.29) (0.57) (0.82) (1.86)
Basic loss per share from discontinued operations (in dollars per share) 0 (0.25) 0.02 (0.46)
Diluted loss per share from discontinued operations (in dollars per share) 0 (0.25) 0.02 (0.46)
Basic loss per share (in usd per share) (0.29) (0.82) (0.80) (2.32)
Diluted loss per share (in usd per share) $ (0.29) $ (0.82) $ (0.80) $ (2.32)
Weighted average shares outstanding:        
Basic (in shares) 292,693,961 186,750,504 270,078,947 176,503,992
Diluted (in shares) 292,693,961 186,750,504 270,078,947 176,503,992
Subscription        
Revenues        
Total revenues $ 289,623 $ 201,911 $ 879,492 $ 621,022
Advertising        
Revenues        
Total revenues 30,592 22,714 76,383 67,886
Other        
Revenues        
Total revenues $ 720 $ 364 $ 2,169 $ 473