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Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Revenues    
Total revenues $ 416,286 $ 402,347
Operating expenses    
Subscriber related expenses 334,560 360,170
Broadcasting and transmission 12,495 14,500
Sales and marketing 36,803 43,180
Technology and development 20,145 20,040
General and administrative 27,796 18,509
Depreciation and amortization 9,908 9,261
Total operating expenses 441,707 465,660
Operating loss (25,421) (63,313)
Other income (expense)    
Interest expense (4,746) (5,256)
Interest income 3,428 2,527
Amortization of debt premium, net 361 253
Gain on settlement of litigation, net 219,695 0
Gain on extinguishment of debt 0 9,637
Other expense (181) (64)
Total other income (expense) 218,557 7,097
Income (loss) from continuing operations before income taxes 193,136 (56,216)
Income tax provision (4,648) (113)
Net income (loss) from continuing operations 188,488 (56,329)
Discontinued operations    
Net loss from discontinued operations before income taxes 0 (255)
Income tax benefit 0 0
Net loss from discontinued operations 0 (255)
Net income (loss) 188,488 (56,584)
Less: Net loss attributable to non-controlling interest 5 574
Net income (loss) attributable to common shareholders 188,493 (56,010)
Other comprehensive income (loss)    
Foreign currency translation adjustment 5,197 (3,015)
Comprehensive income (loss) attributable to common shareholders $ 193,690 $ (59,025)
Earnings Per Share, Basic [Abstract]    
Basic loss per share from continuing operations (in usd per share) $ 0.55 $ (0.19)
Basic income per share from discontinued operations (in usd per share) 0 0
Basic loss per share (in usd per share) 0.55 (0.19)
Earnings Per Share, Diluted [Abstract]    
Diluted loss per share from continuing operations (in usd per share) 0.55 (0.19)
Diluted income per share from discontinued operations (in usd per share) 0 0
Diluted loss per share (in usd per share) $ 0.55 $ (0.19)
Weighted average shares outstanding:    
Basic (in shares) 341,059,213 299,363,298
Diluted (in shares) 341,564,506 299,363,298
Subscription    
Revenues    
Total revenues $ 391,432 $ 373,714
Advertising    
Revenues    
Total revenues 22,881 27,469
Other    
Revenues    
Total revenues $ 1,973 $ 1,164