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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
Mar. 31, 2024
Current assets      
Cash and cash equivalents $ 321,617 $ 161,435  
Accounts receivable, net 57,541 71,078  
Prepaid sports rights 13,919 24,821  
Prepaid and other current assets 21,060 16,699  
Total current assets 414,137 274,033  
Property and equipment, net 6,092 6,080  
Restricted cash 6,140 6,137  
Intangible assets, net 127,642 133,703  
Goodwill 620,355 615,399  
Right-of-use assets 30,886 31,837  
Other non-current assets 10,293 10,239  
Total assets 1,215,545 1,077,428  
Current liabilities      
Accounts payable 50,969 67,844  
Accrued expenses and other current liabilities 292,285 335,967  
Notes payable 7,210 7,024  
Deferred revenue 88,635 98,421  
Convertible notes, net - current portion 143,881   $ 0
Long-term borrowings - current portion 867 1,042  
Current portion of lease liabilities 4,606 5,024  
Total current liabilities 588,453 515,322  
Convertible notes, net 188,141 332,383  
Lease liabilities 32,062 32,951  
Other long-term liabilities 17,854 15,990  
Total liabilities 826,510 896,646  
COMMITMENTS AND CONTINGENCIES (Note 14)  
Shareholders’ equity:      
Common stock par value $0.0001: 1,000,000,000 and 1,000,000,000 shares authorized at March 31, 2025 and December 31, 2024, respectively ; 341,539,797 and 339,144,854 shares issued and outstanding at March 31, 2025 and December 31, 2024, respectively 34 34  
Additional paid-in capital 2,229,333 2,219,002  
Accumulated deficit (1,829,303) (2,017,796)  
Non-controlling interest (11,356) (15,588)  
Accumulated other comprehensive income (loss) 327 (4,870)  
Total shareholders’ equity 389,035 180,782 $ 236,101
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY $ 1,215,545 $ 1,077,428