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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
Current assets    
Cash and cash equivalents $ 161,435 $ 245,278
Accounts receivable, net 71,078 80,299
Prepaid sports rights 24,821 39,911
Prepaid and other current assets 16,699 20,804
Assets of discontinued operations 0 462
Total current assets 274,033 386,754
Property and equipment, net 6,080 4,835
Restricted cash 6,137 6,142
Intangible assets, net 133,703 158,448
Goodwill 615,399 622,818
Right-of-use assets 31,837 35,825
Other non-current assets 10,239 17,818
Total assets 1,077,428 1,232,640
Current liabilities    
Accounts payable 67,844 74,311
Accrued expenses and other current liabilities 335,967 320,041
Notes payable 7,024 6,323
Deferred revenue 98,421 90,203
Long-term borrowings - current portion 1,042 1,612
Current portion of lease liabilities 5,024 5,247
Liabilities of discontinued operations 0 19,608
Total current liabilities 515,322 517,345
Convertible notes, net 332,383 391,748
Lease liabilities 32,951 38,087
Other long-term liabilities 15,990 1,635
Total liabilities 896,646 948,815
COMMITMENTS AND CONTINGENCIES (Note 15)
Shareholders’ equity:    
Common stock par value $0.0001: 1,000,000,000 shares authorized; 339,144,854 and 299,215,160 shares issued and outstanding at December 31, 2024 and December 31, 2023, respectively 34 30
Additional paid-in capital 2,219,002 2,136,870
Accumulated deficit (2,017,796) (1,845,542)
Non-controlling interest (15,588) (11,751)
Accumulated other comprehensive (loss) income (4,870) 4,218
Total shareholders’ equity 180,782 283,825
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY $ 1,077,428 $ 1,232,640