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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2024
Dec. 31, 2023
Current assets    
Cash and cash equivalents $ 146,175 $ 245,278
Accounts receivable, net 76,868 80,299
Prepaid sports rights 35,777 39,911
Prepaid and other current assets 19,650 20,804
Assets of discontinued operations 391 462
Total current assets 278,861 386,754
Property and equipment, net 5,633 4,835
Restricted cash 6,143 6,142
Intangible assets, net 139,793 158,448
Goodwill 624,348 622,818
Right-of-use assets 32,976 35,825
Other non-current assets 14,544 17,818
Total assets 1,102,298 1,232,640
Current liabilities    
Accounts payable 60,492 74,311
Accrued expenses and other current liabilities 319,597 320,041
Notes payable 6,842 6,323
Deferred revenue 103,137 90,203
Long-term borrowings - current portion 1,117 1,612
Current portion of lease liabilities 5,485 5,247
Liabilities of discontinued operations 15,013 19,608
Total current liabilities 511,683 517,345
Convertible notes, net 332,738 391,748
Lease liabilities 33,979 38,087
Other long-term liabilities 1,671 1,635
Total liabilities 880,071 948,815
COMMITMENTS AND CONTINGENCIES (Note 13)
Shareholders’ equity:    
Common stock par value $0.0001: 1,000,000,000 and 800,000,000 shares authorized at September 30, 2024 and December 31, 2023, respectively ; 334,092,630 and 299,215,160 shares issued and outstanding at September 30, 2024 and December 31, 2023, respectively 33 30
Additional paid-in capital 2,209,993 2,136,870
Accumulated deficit (1,979,247) (1,845,542)
Non-controlling interest (13,205) (11,751)
Accumulated other comprehensive income 4,653 4,218
Total shareholders’ equity 222,227 283,825
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY $ 1,102,298 $ 1,232,640