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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 313,685 $ 533,868
Marketable securities 151,687 0
Accounts receivable, net 104,530 73,180
Prepaid expenses and other current assets 14,878 15,927
Deferred contract costs, current 30,234 18,898
Total current assets 615,014 641,873
Property and equipment, net 7,012 9,887
Capitalized software, net 27,412 20,054
Operating lease right-of-use assets 11,377 0
Restricted cash, non-current 3,629 2,900
Deferred contract costs, non-current 35,411 25,647
Strategic investments 12,104 10,000
Intangible assets, net 9,331 13,597
Goodwill 12,646 12,646
Other assets 3,632 3,247
Total assets 737,568 739,851
Current liabilities:    
Accounts payable 14,529 34,627
Accrued expenses and other current liabilities 31,247 40,140
Content costs payable 37,310 35,961
Accrued compensation and benefits 22,882 22,341
Operating lease liabilities, current 7,002 0
Deferred revenue, current 273,937 208,274
Total current liabilities 386,907 341,343
Operating lease liabilities, non-current 6,545 0
Deferred revenue, non-current 4,342 2,280
Other liabilities, non-current 464 6,528
Total liabilities 398,258 350,151
Note 10 – Commitments and contingencies
Stockholders' equity:    
Preferred stock, $0.00001 par value - 50,000,000 shares authorized; zero shares issued and outstanding as of December 31, 2022, and December 31, 2021. 0 0
Common stock, $0.00001 par value - 950,000,000 shares authorized; 145,013,786 and 139,164,693 shares issued and outstanding as of December 31, 2022, and December 31, 2021, respectively. 1 1
Additional paid-in capital 951,946 848,229
Accumulated other comprehensive loss (233) (1)
Accumulated deficit (612,404) (458,529)
Total stockholders’ equity 339,310 389,700
Total liabilities and stockholders' equity $ 737,568 $ 739,851