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Condensed Consolidated Statements of Operations and Comprehensive Loss - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Revenues        
Total revenues $ 390,965 $ 312,735 $ 793,312 $ 637,109
Operating expenses        
Subscriber related expenses 326,499 270,953 686,669 572,331
Broadcasting and transmission 15,173 18,327 29,673 38,091
Sales and marketing 35,883 33,819 79,063 76,765
Technology and development 19,349 17,778 39,389 36,005
General and administrative 20,217 15,460 38,726 30,137
Depreciation and amortization 9,519 8,913 18,780 17,755
Total operating expenses 426,640 365,250 892,300 771,084
Operating loss (35,675) (52,515) (98,988) (133,975)
Other income (expense)        
Interest expense (5,563) (3,442) (10,819) (6,815)
Interest income 1,659 2,985 4,186 5,103
Amortization of debt premium (discount), net 268 (645) 521 (1,268)
Gain on extinguishment of debt 12,124 0 21,761 0
Other income (expense) 1,453 (713) 1,389 (857)
Total other income (expense) 9,941 (1,815) 17,038 (3,837)
Loss from continuing operations before income taxes (25,734) (54,330) (81,950) (137,812)
Income tax (provision) benefit (99) 121 (212) 235
Net loss from continuing operations (25,833) (54,209) (82,162) (137,577)
Discontinued operations        
Net income (loss) from discontinued operations before income taxes 106 4,259 (149) 4,003
Income tax benefit 0 0 0 0
Net income (loss) from discontinued operations 106 4,259 (149) 4,003
Net loss from continuing operations (25,727) (49,950) (82,311) (133,574)
Less: Net loss attributable to non-controlling interest 455 10 1,029 21
Net loss attributable to common shareholders (25,272) (49,940) (81,282) (133,553)
Other comprehensive loss        
Foreign currency translation adjustment (2,367) (137) (5,382) (2,893)
Comprehensive loss attributable to common shareholders $ (27,639) $ (50,077) $ (86,664) $ (136,446)
Net loss per share attributable to common shareholders        
Basic loss per share from continuing operations (in dollars per share) $ (0.08) $ (0.19) $ (0.27) $ (0.53)
Diluted loss per share from continuing operations (in dollars per share) (0.08) (0.19) (0.27) (0.53)
Basic loss per share from discontinued operations (in dollars per share) 0 0.02 0 0.02
Diluted loss per share from discontinued operations (in dollars per share) 0 0.02 0 0.02
Basic loss per share (in usd per share) (0.08) (0.17) (0.27) (0.51)
Diluted loss per share (in usd per share) $ (0.08) $ (0.17) $ (0.27) $ (0.51)
Weighted average shares outstanding:        
Basic (in shares) 311,253,856 291,720,400 305,339,121 258,646,559
Diluted (in shares) 311,253,856 291,720,400 305,339,121 258,646,559
Subscription        
Revenues        
Total revenues $ 362,936 $ 288,994 $ 736,650 $ 589,869
Advertising        
Revenues        
Total revenues 26,285 23,070 53,754 45,791
Other        
Revenues        
Total revenues $ 1,744 $ 671 $ 2,908 $ 1,449