COMMITMENTS AND CONTINGENCIES (Tables)

12 Months Ended

Dec. 31, 2024

Commitments and Contingencies Disclosure [Abstract]

Schedule of Future Minimum Payments under Debt Obligations, Non-Cancelable Operating Leases and Other Purchase Obligations

The future minimum payments under debt obligations, non-cancelable operating leases and other purchase obligations are as follows as of December 31, 2024 (in thousands):

	Years ended December 31,
	2025		2026		2027		2028		2029		Thereafter		Total
USD Term Loans and EUR Term loans1:
Principal payments	$	—	$	1,014,390	$	—	$	—	$	—	$	—	$	1,014,390
Interest payments2	82,633		10,986		—		—		—		—		93,619
Senior Notes:
Principal payments	—		—		300,000		—		—		—		300,000
Interest payments	29,250		29,250		14,625		—		—		—		73,125
Revolver commitment fee	545		—		—		—		—		—		545
Operating lease payments on facilities leases	13,682		8,319		6,984		6,057		5,678		11,895		52,615
Minimum royalty guarantee payments to content suppliers	42,494		26,576		13,665		12,869		5,515		4,484		105,603
Technology purchase commitments	8,742		4,817		412		—		—		—		13,971
Other commitments	3,871		477		—		—		—		—		4,348
Total commitments	$	181,217	$	1,094,815	$	335,686	$	18,926	$	11,193	$	16,379	$	1,658,217

1 Excludes the effects of debt refinanced in the first quarter of 2025.

2 These are estimated payments based on interest rate curves valued as of December 31, 2024. Rates used for the EUR Term Loans are 7.1% for 2025 and 6.8% for 2026. Rates used for the USD Term Loans are 8.7% for 2025 and 8.5% for 2026.