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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 305,564 $ 313,685
Restricted cash, current 3,329 0
Marketable securities 171,372 151,687
Accounts receivable, net 92,555 104,530
Prepaid expenses and other current assets 20,924 14,878
Deferred contract costs, current 38,584 30,234
Total current assets 632,328 615,014
Property and equipment, net 4,439 7,012
Capitalized software, net 31,388 27,412
Operating lease right-of-use assets 5,691 11,377
Restricted cash, non-current 659 3,629
Deferred contract costs, non-current 35,790 35,411
Strategic investments 10,311 12,104
Intangible assets, net 5,223 9,331
Goodwill 12,646 12,646
Other assets 2,721 3,632
Total assets 741,196 737,568
Current liabilities:    
Accounts payable 2,506 14,529
Accrued expenses and other current liabilities 27,778 31,247
Content costs payable 40,277 37,310
Accrued compensation and benefits 24,332 22,882
Operating lease liabilities, current 5,825 7,002
Deferred revenue, current 279,414 273,937
Total current liabilities 380,132 386,907
Operating lease liabilities, non-current 1,124 6,545
Deferred revenue, non-current 3,000 4,342
Other liabilities, non-current 48 464
Total liabilities 384,304 398,258
Note 8 – 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, 2023, and December 31, 2022. 0 0
Common stock, $0.00001 par value - 950,000,000 shares authorized; 157,166,360 and 145,013,786 shares issued and outstanding as of December 31, 2023, and December 31, 2022, respectively. 2 1
Additional paid-in capital 1,076,508 951,946
Accumulated other comprehensive income (loss) 80 (233)
Accumulated deficit (719,698) (612,404)
Total stockholders’ equity 356,892 339,310
Total liabilities and stockholders' equity $ 741,196 $ 737,568