SEGMENT AND GEOGRAPHIC INFORMATION

3 Months Ended

Mar. 31, 2026

Segment Reporting [Abstract]

SEGMENT AND GEOGRAPHIC INFORMATION

SEGMENT AND GEOGRAPHIC INFORMATION

The Company operates as one reportable segment. The Company’s Chief Operating Decision Maker ("CODM"), its Chief Executive Officer ("CEO"), reviews financial information on a consolidated basis to make operating decisions, assess financial performance, and allocate resources.

In evaluating performance, the CODM primarily assesses operating loss and net loss, as reported on the consolidated statement of operations and regularly reviews certain significant expense categories, including content amortization, other cost of revenues, advertising and marketing, payroll and related expenses, and other general and administrative expenses. These expense categories are considered key factors in managing the business and guiding resource allocation decisions.

This approach ensures that the Company’s financial reporting reflects the way management monitors expenses and overall financial performance.

The following table presents financial information with respect to the Company’s single operating segment for the three months ended March 31, 2026, and 2025:

	Three Months Ended March 31,
(in thousands)	2026		2025
Revenues	$	15,161	$	15,090
Less:
Content amortization	3,678		3,513
Other cost of revenues	2,979		3,567
Advertising and marketing	3,515		2,934
Payroll and related	2,889		2,632
Other general and administrative	3,644		2,365
Total operating expenses	16,705		15,011
Operating (loss) income	(1,544)		79
Other segment items1	$	240	$	268
(Loss) income before income taxes	$	(1,304)	$	347
Provision for income taxes	$	24	$	28
Net (loss) income	$	(1,328)	$	319
1 Other segment items include interest and other income, and equity method investment income for the three months ended March 31, 2026. Other segment items include changes in the fair value of warrant liabilities, interest and other income, and equity method investment loss for the three months ended March 31, 2025. See the consolidated financial statements for additional information regarding the Company’s operating segment.

All long-lived tangible assets are located in the United States. For the three months ended March 31, 2026, and 2025, revenue by geographic location based on customer location was as follows:

	Three Months Ended March 31,
(in thousands)	2026				2025
United States	$	12,314	81	%	$	10,736	71	%
International	2,847		19	%	4,354		29	%
Total revenue	$	15,161	100	%	$	15,090	100	%

Revenue from no single foreign country comprised 10% or greater of total revenue for the three months ended March 31, 2026. Revenue from one foreign country, Switzerland, comprised 10% or greater of total revenue for the same period in 2025.