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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2024
Dec. 31, 2023
Current assets    
Cash and cash equivalents $ 155,189 $ 245,278
Accounts receivable, net 71,843 80,299
Prepaid sports rights 35,228 39,911
Prepaid and other current assets 18,232 20,804
Assets of discontinued operations 459 462
Total current assets 280,951 386,754
Property and equipment, net 5,788 4,835
Restricted cash 6,139 6,142
Intangible assets, net 147,053 158,448
Goodwill 618,955 622,818
Right-of-use assets 33,861 35,825
Other non-current assets 16,101 17,818
Total assets 1,108,848 1,232,640
Current liabilities    
Accounts payable 37,940 74,311
Accrued expenses and other current liabilities 308,157 320,041
Notes payable 6,664 6,323
Deferred revenue 86,340 90,203
Long-term borrowings - current portion 1,286 1,612
Current portion of lease liabilities 5,452 5,247
Liabilities of discontinued operations 19,125 19,608
Total current liabilities 464,964 517,345
Convertible notes, net 352,738 391,748
Lease liabilities 35,243 38,087
Other long-term liabilities 1,672 1,635
Total liabilities 854,617 948,815
COMMITMENTS AND CONTINGENCIES (Note 13)
Shareholders’ equity:    
Common stock par value $0.0001: 1,000,000,000 and 800,000,000 shares authorized at June 30, 2024 and December 31, 2023, respectively ; 329,336,621 and 299,215,160 shares issued and outstanding at June 30, 2024 and December 31, 2023, respectively 33 30
Additional paid-in capital 2,194,966 2,136,870
Accumulated deficit (1,926,824) (1,845,542)
Non-controlling interest (12,780) (11,751)
Accumulated other comprehensive (loss) income (1,164) 4,218
Total shareholders’ equity 254,231 283,825
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY $ 1,108,848 $ 1,232,640
Common stock, shares authorized (in shares) 1,000,000,000 800,000,000