XML 14 R2.htm IDEA: XBRL DOCUMENT v3.24.2
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 272,364 $ 305,564
Restricted cash, current 100 3,329
Marketable securities 148,559 171,372
Accounts receivable, net 82,078 92,555
Prepaid expenses and other current assets 19,922 20,924
Deferred contract costs, current 44,881 38,584
Total current assets 567,904 632,328
Property and equipment, net 3,842 4,439
Capitalized software, net 32,883 31,388
Operating lease right-of-use assets 12,742 5,691
Restricted cash, non-current 1,115 659
Deferred contract costs, non-current 33,585 35,790
Strategic investments 0 10,311
Intangible assets, net 3,314 5,223
Goodwill 12,646 12,646
Other assets 3,908 2,721
Total assets 671,939 741,196
Current liabilities:    
Accounts payable 3,670 2,506
Accrued expenses and other current liabilities 34,830 27,778
Content costs payable 35,650 40,277
Accrued compensation and benefits 20,213 24,332
Operating lease liabilities, current 4,711 5,825
Deferred revenue, current 309,769 279,414
Total current liabilities 408,843 380,132
Operating lease liabilities, non-current 8,370 1,124
Deferred revenue, non-current 2,457 3,000
Other liabilities, non-current 15 48
Total liabilities 419,685 384,304
Note 7 – Commitments and contingencies
Stockholders' equity:    
Common stock, $0.00001 par value - 950,000,000 shares authorized; 151,682,337 and 157,166,360 shares issued and outstanding as of June 30, 2024, and December 31, 2023, respectively. 2 2
Additional paid-in capital 1,022,147 1,076,508
Accumulated other comprehensive income (loss) (44) 80
Accumulated deficit (769,851) (719,698)
Total stockholders’ equity 252,254 356,892
Total liabilities and stockholders' equity $ 671,939 $ 741,196