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Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Revenues        
Total revenues $ 377,195 $ 386,207 $ 1,173,449 $ 1,179,519
Operating expenses        
Subscriber related expenses 289,460 317,692 915,422 1,004,361
Broadcasting and transmission 9,354 14,390 32,726 44,063
Sales and marketing 42,007 55,226 108,767 134,289
Technology and development 19,475 21,187 58,879 60,576
General and administrative 26,740 26,528 78,870 65,254
Depreciation and amortization 10,309 9,816 30,355 28,596
Total operating expenses 397,345 444,839 1,225,019 1,337,139
Operating loss (20,150) (58,632) (51,570) (157,620)
Other income (expense)        
Interest expense (4,747) (5,277) (14,225) (16,096)
Interest income 2,478 1,565 8,863 5,751
Amortization of debt premium, net 374 348 1,102 869
Gain (loss) on settlement of litigation, net (3) 0 219,539 0
Gain on extinguishment of debt 0 7,752 0 29,513
Other income (expense) (13) (245) (508) 1,144
Total other income (expense) (1,911) 4,143 214,771 21,181
Income (loss) from continuing operations before income taxes (22,061) (54,489) 163,201 (136,439)
Income tax benefit (provision) 3,195 (195) (1,605) (407)
Net income (loss) from continuing operations (18,866) (54,684) 161,596 (136,846)
Discontinued operations        
Net income (loss) from discontinued operations before income taxes 0 1,836 0 1,687
Income tax benefit 0 0 0 0
Net income (loss) from discontinued operations 0 1,836 0 1,687
Net income (loss) (18,866) (52,848) 161,596 (135,159)
Less: Net (income) loss attributable to non-controlling interest 0 (425) (1) (1,454)
Net income (loss) attributable to common shareholders (18,866) (52,423) 161,597 (133,705)
Other comprehensive income (loss)        
Foreign currency translation adjustment 72 5,817 16,384 435
Comprehensive income (loss) attributable to common shareholders $ (18,794) $ (46,606) $ 177,981 $ (133,270)
Net income (loss) per share - basic        
Continuing operations (in usd per share) $ (0.06) $ (0.17) $ 0.47 $ (0.44)
Discontinued operations (in usd per share) 0 0.01 0 0.01
Total net income (loss) per share - basic (in usd per share) (0.06) (0.16) 0.47 (0.43)
Net income (loss) per share - diluted        
Continuing operations (in usd per share) (0.06) (0.17) 0.42 (0.44)
Discontinued operations (in usd per share) 0 0.01 0 0.01
Total net income (loss) per share - diluted (in usd per share) $ (0.06) $ (0.16) $ 0.42 $ (0.43)
Weighted average shares outstanding:        
Basic (in shares) 342,504,107 331,582,813 341,752,619 314,126,997
Diluted (in shares) 342,504,107 331,582,813 404,652,215 314,126,997
Subscription        
Revenues        
Total revenues $ 350,338 $ 356,575 $ 1,094,443 $ 1,093,225
Advertising        
Revenues        
Total revenues 25,386 27,054 74,118 80,808
Other        
Revenues        
Total revenues $ 1,471 $ 2,578 $ 4,888 $ 5,486