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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 204,563 $ 305,564
Restricted cash, current 100 3,329
Marketable securities 152,546 171,372
Accounts receivable, net 81,164 92,555
Prepaid expenses and other current assets 24,778 20,924
Deferred contract costs, current 44,861 38,584
Total current assets 508,012 632,328
Property and equipment, net 3,320 4,439
Capitalized software, net 33,275 31,388
Operating lease right-of-use assets 11,833 5,691
Restricted cash, non-current 1,115 659
Deferred contract costs, non-current 32,276 35,790
Strategic investments 0 10,311
Intangible assets, net 2,656 5,223
Goodwill 12,646 12,646
Other assets 3,772 2,721
Total assets 608,905 741,196
Current liabilities:    
Accounts payable 4,273 2,506
Accrued expenses and other current liabilities 25,459 27,778
Content costs payable 36,299 40,277
Accrued compensation and benefits 32,179 24,332
Operating lease liabilities, current 4,689 5,825
Deferred revenue, current 299,955 279,414
Total current liabilities 402,854 380,132
Operating lease liabilities, non-current 7,424 1,124
Deferred revenue, non-current 2,364 3,000
Other liabilities, non-current 6 48
Total liabilities 412,648 384,304
Note 7 – Commitments and contingencies
Stockholders' equity:    
Common stock, $0.00001 par value - 950,000,000 shares authorized; 146,691,638 and 157,166,360 shares issued and outstanding as of September 30, 2024, and December 31, 2023, respectively. 1 2
Additional paid-in capital 991,176 1,076,508
Accumulated other comprehensive income 202 80
Accumulated deficit (795,122) (719,698)
Total stockholders’ equity 196,257 356,892
Total liabilities and stockholders' equity $ 608,905 $ 741,196