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Segments and Geographic Information
 12 Months Ended
Dec. 31, 2024
Segment Reporting [Abstract]  
Segments Segments and Geographic Information
The Company has one operating segment as of December 31, 2024 and 2023, the streaming business.
The following tables set forth our financial performance by geographical location (in thousands):
Total long-lived assets and rights-of-use assets
December 31,
20242023
United States165,481 190,113 
Rest of world6,139 8,995 
Total revenue
For the Years Ended December 31,
202420232022
United States$1,557,846 $1,309,438 $972,220 
Rest of world64,950 58,787 36,476 
Total revenue$1,622,796 $1,368,225 $1,008,696 
The Company’s method for measuring profitability includes gross profit and net loss from continuing operations, which the CODM uses to assess performance and make decisions for resource allocation. Gross Profit is defined as revenue less subscriber related expenses and broadcasting and transmission. Net loss from continuing operations is consistent with the measurement principals for net loss from continuing operations as reported on the Company’s consolidated statement of operations. The following table provides the significant expenses and gross profit with a reconciliation to net loss from continuing operations for the periods indicated, which are regularly reviewed by the CODM (in thousands):
For the Years Ended December 31,
202420232022
Total revenue$1,622,796 $1,368,225$1,008,696
Gross profit (loss) (1)
203,911 86,148 (41,096)
Significant expenses:
Sales and marketing (2)
185,148 184,159 161,417 
Technology and development (2)
67,801 55,651 59,266 
General and administrative (2)
62,436 48,188 61,037 
Other segment expenses (3)
66,304 91,252 102,229 
Net loss from continuing operations(177,778)(293,102)(425,045)
(1) Gross profit (loss) is calculated as total revenue less Subscriber related expenses and Broadcasting and transmission expenses.
(2) Sales and marketing, Technology and development, and General and administrative expense categories regularly provided to the CODM exclude stock-based compensation.
(3) Other segment expenses include depreciation and amortization, impairment of other assets, stock-based compensation expense, total other income (expense), and (provision) benefit for income taxes.