XML 18 R4.htm IDEA: XBRL DOCUMENT v3.25.2
Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Revenues        
Total revenues $ 379,968 $ 390,965 $ 796,254 $ 793,312
Operating expenses        
Subscriber related expenses 291,402 326,499 625,962 686,669
Broadcasting and transmission 10,877 15,173 23,372 29,673
Sales and marketing 29,957 35,883 66,760 79,063
Technology and development 19,259 19,349 39,404 39,389
General and administrative 24,334 20,217 52,130 38,726
Depreciation and amortization 10,138 9,519 20,046 18,780
Total operating expenses 385,967 426,640 827,674 892,300
Operating loss (5,999) (35,675) (31,420) (98,988)
Other income (expense)        
Interest expense (4,732) (5,563) (9,478) (10,819)
Interest income 2,957 1,659 6,385 4,186
Amortization of debt premium, net 367 268 728 521
Gain (loss) on settlement of litigation, net (153) 0 219,542 0
Gain on extinguishment of debt 0 12,124 0 21,761
Other income (expense) (314) 1,453 (495) 1,389
Total other income (expense) (1,875) 9,941 216,682 17,038
Income (loss) from continuing operations before income taxes (7,874) (25,734) 185,262 (81,950)
Income tax provision (152) (99) (4,800) (212)
Net income (loss) from continuing operations (8,026) (25,833) 180,462 (82,162)
Discontinued operations        
Net income (loss) from discontinued operations before income taxes 0 106 0 (149)
Income tax benefit 0 0 0 0
Net income (loss) from discontinued operations 0 106 0 (149)
Net income (loss) (8,026) (25,727) 180,462 (82,311)
Less: Net (income) loss attributable to non-controlling interest 4 (455) (1) (1,029)
Net income (loss) attributable to common shareholders (8,030) (25,272) 180,463 (81,282)
Other comprehensive income (loss)        
Foreign currency translation adjustment 11,115 (2,367) 16,312 (5,382)
Comprehensive income (loss) attributable to common shareholders $ 3,085 $ (27,639) $ 196,775 $ (86,664)
Net income (loss) per share - basic        
Continuing operations (in usd per share) $ (0.02) $ (0.08) $ 0.53 $ (0.27)
Discontinued operations (in usd per share) 0 0 0 0
Total net income (loss) per share - basic (in usd per share) (0.02) (0.08) 0.53 (0.27)
Net income (loss) per share - diluted        
Continuing operations (in usd per share) (0.02) (0.08) 0.46 (0.27)
Discontinued operations (in usd per share) 0 0 0 0
Diluted loss per share (in usd per share) $ (0.02) $ (0.08) $ 0.46 $ (0.27)
Weighted average shares outstanding:        
Basic (in shares) 341,683,408 311,253,856 341,372,099 305,339,121
Diluted (in shares) 341,683,408 311,253,856 402,953,876 305,339,121
Subscription        
Revenues        
Total revenues $ 352,673 $ 362,936 $ 744,105 $ 736,650
Advertising        
Revenues        
Total revenues 25,851 26,285 48,732 53,754
Other        
Revenues        
Total revenues $ 1,444 $ 1,744 $ 3,417 $ 2,908