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Revenue Recognition - Schedule of Contract Balances (Details) - USD ($)
$ in Thousands
9 Months Ended
Mar. 31, 2025
Jun. 30, 2024
Contract Assets and Liabilities [Line Items]    
Receivables from contracts with customers, net [1] $ 91,448 $ 19,930
Contract assets, current [2] 28,059 14,054
Deferred revenue, including non-current portion [3],[4] 166,641 149,825
Contract with customer, deferred revenue, revenue recognized 115,264  
Accounts Receivable    
Contract Assets and Liabilities [Line Items]    
Escrow and player compensation recoveries 14,667 0
Related Party    
Contract Assets and Liabilities [Line Items]    
Receivables from contracts with customers, net 30,532 0
Related Party | Local Media Rights    
Contract Assets and Liabilities [Line Items]    
Contract assets, current $ 6,507 $ 0
[1] Receivables from contracts with customers, net, which are reported in Accounts receivable, net and Net related party receivables in the accompanying consolidated balance sheets, represent the Company’s unconditional rights to consideration under its contracts with customers. As of March 31, 2025 and June 30, 2024, the Company’s receivables reported above included $30,532 and $0, respectively, related to contracts with customers that are related parties. See Note 16 for further details on these related party arrangements. Receivables from contracts with customers, net, excludes amounts recorded in Accounts receivable, net, associated with amounts due from the NBA and NHL related to escrow and player compensation recoveries and luxury tax payments. As of March 31, 2025 and June 30, 2024, the Company had receivable balances related to escrow and player compensation recoveries of $14,667 and $0, respectively, recorded in Accounts receivable, net.
[2] Contract assets, current, which are reported as Other current assets in the accompanying consolidated balance sheets, primarily relate to the Company’s rights to consideration for goods or services transferred to the customer, for which the Company does not have an unconditional right to bill as of the reporting date. Contract assets are transferred to accounts receivable once the Company’s right to consideration becomes unconditional. The Company had contract assets related to local media rights of $6,507 and $0 as of March 31, 2025 and June 30, 2024, respectively. See Note 16 for further details on these related party arrangements.
[3] Revenue recognized for the nine months ended March 31, 2025 relating to the deferred revenue balance as of June 30, 2024 was $115,264.
[4] Deferred revenue, including non-current portion, primarily relates to the Company’s receipt of consideration from customers, inclusive of sales tax collected, or billing customers in advance of the Company’s transfer of goods or services to those customers. Deferred revenue is reduced and the related revenue is recognized once the underlying goods or services are transferred to a customer.