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Summary of Significant Accounting Policies (Tables)
 3 Months Ended
Dec. 31, 2025
Accounting Policies [Abstract]  
Schedule of Revenue from External Customers and Long-Lived Assets, by Geographical Areas The following table presents total revenue for the operating segment:
Three Months Ended
December 31, 2025December 28, 2024
United States$1,537,621 $1,105,992 
Rest of world11,067 — 
Total revenue$1,548,688 $1,105,992 
Schedule of Restrictions on Cash and Cash Equivalents
The following table provides a reconciliation of cash and cash equivalents and restricted cash within the consolidated balance sheets that sum to the total of the same on the consolidated statement of cash flows (in thousands):
December 31, 2025September 27, 2025
Cash and cash equivalents$452,411 $— 
Restricted cash6,148 — 
Total cash, cash equivalents and restricted cash$458,559 $— 
Schedule of Property and Equipment, Net The Company’s property and equipment, net are being depreciated over their estimated useful lives as follows:
Useful Life
(Years)
Furniture and fixtures5
Computer equipment
3-5
Leasehold improvementsTerm of lease
The table below summarizes the Company’s property and equipment, net (in thousands):
Useful Life
(Years)		December 31, 2025September 27, 2025
Furniture and fixtures5$411 
Computer equipment
3-5
3,240 
Leasehold improvementsTerm of lease2,529 
6,180 — 
Less: Accumulated depreciation(250)
Total property and equipment, net$5,930 $— 
Schedule of Intangible Assets Estimated Useful Life
The Company’s intangible assets represent definite lived intangible assets, which are being amortized on a straight-line basis over their estimated useful lives as follows:
Useful Life
(Years)
Trade names8
Customer relationships - streaming
2
Customer relationships - advertising
2
Capitalized internal use software3
Developed technology5
Software licenses5
Schedule of Earnings Per Share, Basic and Diluted
The following table presents the calculation of basic net loss per share (in thousands, except shares and per share data):
Three Months Ended
December 31, 2025December 28, 2024
Numerator:
Net loss$(19,064)$(38,587)
Less: net loss attributable to non-controlling interest
13,088 — 
Net loss attributable to common shareholders
(5,976)(38,587)
Denominator:
Weighted-average common shares outstanding349,096,793 — 
Basic and diluted net loss per share$(0.02)
Schedule of Antidilutive Securities Excluded from Computation of Earnings per Share
The following common share equivalents are excluded from the calculation of weighted average common shares outstanding because their inclusion would have been anti-dilutive:
Three Months Ended
December 31, 2025December 28, 2024
Stock options15,856,010 — 
Unvested restricted stock units36,788,409 — 
Convertible notes variable settlement feature48,771,938 — 
Total101,416,357 —