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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
Current assets    
Cash and cash equivalents $ 245,278 $ 337,087
Accounts receivable, net 80,299 43,996
Prepaid sports rights 39,911 37,668
Prepaid and other current assets 20,804 13,508
Assets of discontinued operations 462 4,643
Total current assets 386,754 436,902
Property and equipment, net 4,835 4,975
Restricted cash 6,142 6,139
Intangible assets, net 158,448 171,832
Goodwill 622,818 618,506
Right-of-use assets 35,825 35,888
Other non-current assets 17,818 3,532
Total assets 1,232,640 1,277,774
Current liabilities    
Accounts payable 74,311 66,952
Accrued expenses and other current liabilities 320,041 264,415
Notes payable 6,323 5,687
Deferred revenue 90,203 65,370
Long-term borrowings - current portion 1,612 1,986
Current portion of lease liabilities 5,247 1,763
Liabilities of discontinued operations 19,608 32,581
Total current liabilities 517,345 438,754
Convertible notes, net of discount 391,748 394,094
Deferred tax liabilities 0 765
Lease liabilities 38,087 39,266
Other long-term liabilities 1,635 1,565
Total liabilities 948,815 874,444
COMMITMENTS AND CONTINGENCIES (Note 16)
Redeemable non-controlling interest 0 1,648
Shareholders’ equity:    
Common stock par value $0.0001: 800,000,000 shares authorized; 299,215,160 and 209,684,548 shares issued and outstanding at December 31, 2023 and December 31, 2022, respectively 30 21
Additional paid-in capital 2,136,870 1,972,006
Accumulated deficit (1,845,542) (1,558,088)
Non-controlling interest (11,751) (11,662)
Accumulated other comprehensive income 4,218 (595)
Total shareholders’ equity 283,825 401,682
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY AND TEMPORARY EQUITY $ 1,232,640 $ 1,277,774