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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
Current assets    
Cash and cash equivalents $ 168,854 $ 245,278
Accounts receivable, net 73,611 80,299
Prepaid sports rights 44,489 39,911
Prepaid and other current assets 20,836 20,804
Assets of discontinued operations 461 462
Total current assets 308,251 386,754
Property and equipment, net 4,549 4,835
Restricted cash 6,140 6,142
Intangible assets, net 153,046 158,448
Goodwill 619,911 622,818
Right-of-use assets 34,831 35,825
Other non-current assets 16,913 17,818
Total assets 1,143,641 1,232,640
Current liabilities    
Accounts payable 52,588 74,311
Accrued expenses and other current liabilities 314,229 320,041
Notes payable 6,491 6,323
Deferred revenue 89,771 90,203
Long-term borrowings - current portion 1,469 1,612
Current portion of lease liabilities 5,341 5,247
Liabilities of discontinued operations 19,629 19,608
Total current liabilities 489,518 517,345
Convertible notes, net 379,722 391,748
Lease liabilities 36,665 38,087
Other long-term liabilities 1,635 1,635
Total liabilities 907,540 948,815
COMMITMENTS AND CONTINGENCIES (Note 13)
Shareholders’ equity:    
Common stock par value $0.0000: 800,000 shares authorized; 299,724 and 299,215 shares issued and outstanding at March 31, 2024 and December 31, 2023, respectively 30 30
Additional paid-in capital 2,148,745 2,136,870
Accumulated deficit (1,901,552) (1,845,542)
Non-controlling interest (12,325) (11,751)
Accumulated other comprehensive income 1,203 4,218
Total shareholders’ equity 236,101 283,825
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY $ 1,143,641 $ 1,232,640