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Condensed Consolidated Statements of Operations and Comprehensive Loss - USD ($)
$ in Thousands
3 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 28, 2024
Revenues      
Total revenues $ 1,548,688   $ 1,105,992
Operating expenses      
Broadcasting and transmission 8,863   0
Sales and marketing 59,250   2,236
Technology and development 13,617   0
General and administrative 35,291   39,883
Depreciation and amortization 24,230   0
Total operating expenses 1,569,031   1,144,579
Operating loss (20,343)   (38,587)
Other income (expense)      
Interest expense, net (1,443)   0
Amortization of debt premium, net 3,062   0
Other income 27   0
Total other income (expense) 1,646   0
Loss before income taxes (18,697)   (38,587)
Income tax provision (367)   0
Net loss (19,064)   (38,587)
Less: Net loss attributable to non-controlling interest (13,088) $ 0 0
Net loss attributable to common shareholders (5,976)   (38,587)
Other comprehensive loss      
Foreign currency translation adjustment (162)   0
Comprehensive loss attributable to common shareholders $ (6,138)   (38,587)
Earnings Per Share [Abstract]      
Net loss per share - basic (in usd per share) $ (0.02)    
Net loss per share - diluted (in usd per share) $ (0.02)    
Weighted average shares outstanding:      
Basic (in shares) 349,096,793 0  
Diluted (in shares) 349,096,793    
Nonrelated Party      
Operating expenses      
Subscriber related expenses $ 953,516   484,330
Related party      
Revenues      
Total revenues 1,160,434 $ 1,102,461  
Operating expenses      
Subscriber related expenses 474,264 $ 618,130  
Subscription | Nonrelated Party      
Revenues      
Total revenues 292,233   0
Advertising | Nonrelated Party      
Revenues      
Total revenues 91,523   0
Other | Nonrelated Party      
Revenues      
Total revenues $ 4,498   $ 3,531