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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Cash flows from operating activities    
Net income (loss) $ 161,596 $ (135,159)
Less: Net loss from discontinued operations, net of tax 0 1,687
Net income (loss) from continuing operations 161,596 (136,846)
Adjustments to reconcile net income (loss) to net cash used in operating activities:    
Depreciation and amortization 30,355 28,596
Stock-based compensation 20,821 32,609
Amortization of debt premium, net (1,102) (869)
Gain on extinguishment of debt 0 (29,513)
Deferred income tax provision 1,605 0
Amortization of right-of-use assets 3,204 2,849
Other adjustments 573 518
Changes in operating assets and liabilities of business:    
Accounts receivable, net (11,997) 3,470
Prepaid expenses and other assets 2,209 4,214
Prepaid sports rights (4,791) 4,433
Accounts payable (27,695) (13,312)
Accrued expenses and other liabilities (53,813) (1,631)
Deferred revenue 3,469 12,907
Lease liabilities (4,165) (3,902)
Net cash provided by (used in) operating activities - continuing operations 120,269 (96,477)
Net cash used in operating activities - discontinued operations 0 (2,837)
Net cash provided by (used in) operating activities 120,269 (99,314)
Cash flows from investing activities    
Purchases of property and equipment (717) (1,899)
Capitalization of internal use software (9,104) (8,813)
Purchase of intangible assets (50) (540)
Net cash used in investing activities - continuing operations (9,871) (11,252)
Net cash used in investing activities - discontinued operations 0 0
Net cash used in investing activities (9,871) (11,252)
Cash flows from financing activities    
Proceeds from the issuance of common stock, net of offering costs 0 43,330
Repurchase of convertible notes 0 (26,557)
Vested restricted stock units settled for cash 0 (181)
Payments for financing costs 0 (4,682)
Proceeds from exercise of stock options 2,797 3
Repayments of notes payable and long-term borrowings (469) (449)
Net cash provided by financing activities - continuing operations 2,328 11,464
Net cash provided by financing activities - discontinued operations 0 0
Net cash provided by financing activities 2,328 11,464
Net increase (decrease) in cash, cash equivalents and restricted cash 112,726 (99,102)
Cash, cash equivalents and restricted cash at beginning of period 167,572 251,420
Cash, cash equivalents and restricted cash at end of period 280,298 152,318
Supplemental disclosure of cash flows information:    
Interest paid 18,023 14,627
Income taxes paid 468 190
Non-cash financing and investing activities:    
Unpaid At-the-market offering costs included in accrued expenses 0 34
Unpaid property and equipment included in accounts payable $ 9 $ 0