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Segments (Tables) | 9 Months Ended
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Sep. 30, 2022
Segment Reporting [Abstract] |
Schedule of Segment Reporting Information, by Segment |
| Three Months Ended September 30, 2022
| Streaming |  | Wagering |  | Total
Revenue | $ | 224,989 |  |  | $ | (176) |  |  | $ | 224,813 |
Adjusted operating expenses |  |  |  |  |
Subscriber related expenses | 214,450 |  |  | — |  |  | 214,450 |
Broadcasting and transmission | 16,608 |  |  | — |  |  | 16,608 |
Sales and marketing | 49,857 |  |  | 2,684 |  |  | 52,541 |
Technology and development | 15,249 |  |  | 2,303 |  |  | 17,552 |
General and administrative | 11,783 |  |  | 4,597 |  |  | 16,380 |
Depreciation and amortization | 8,408 |  |  | 113 |  |  | 8,521 |
Impairment of goodwill, intangible assets and other long-lived assets | — |  |  | 35,454 |  |  | 35,454 |
Total adjusted operating expenses | 316,355 |  |  | 45,151 |  |  | 361,506 |
Stock-based compensation |  |  |  |  | 13,636 |
Other expense |  |  |  |  | 2,809 |
Loss before income taxes | $ | (91,366) |  |  | $ | (45,327) |  |  | $ | (153,138) |
| Nine Months Ended September 30, 2022
| Streaming |  | Wagering |  | Total
Revenue | $ | 689,381 |  |  | $ | (659) |  |  | $ | 688,722 |
Adjusted operating expenses |  |  |  |  |
Subscriber related expenses | 678,935 |  |  | — |  |  | 678,935 |
Broadcasting and transmission | 54,062 |  |  | — |  |  | 54,062 |
Sales and marketing | 107,501 |  |  | 8,883 |  |  | 116,384 |
Technology and development | 46,896 |  |  | 7,414 |  |  | 54,310 |
General and administrative | 49,228 |  |  | 11,966 |  |  | 61,194 |
Depreciation and amortization | 28,174 |  |  | 328 |  |  | 28,502 |
Impairment of goodwill, intangible assets and other long-lived assets | — |  |  | 46,136 |  |  | 46,136 |
Total adjusted operating expenses | 964,796 |  |  | 74,727 |  |  | 1,039,523 |
Stock-based compensation |  |  |  |  | 47,294 |
Other expense |  |  |  |  | 12,892 |
Loss before income taxes | $ | (275,415) |  |  | $ | (75,386) |  |  | $ | (410,987) |
| September 30, 2022
| Streaming |  | Wagering |  | Total
Total Assets | $ | 1,224,711 |  |  | $ | 43,316 |  |  | $ | 1,268,027 |
Total Goodwill | $ | 607,223 |  |  | $ | — |  |  | $ | 607,223 |
Total Intangibles, net | $ | 177,708 |  |  | $ | 25,224 |  |  | $ | 202,932 |
The following tables set forth our financial performance by geographical location (in thousands):
| Total Revenue |  | Total Assets
| Three Months Ended September 30, 2022 |  | Nine Months Ended September 30, 2022 |  | September 30, 2022
United States | $ | 214,245 |  |  | $ | 665,493 |  |  | $ | 1,224,711 |
Rest of world | 10,568 |  |  | 23,229 |  |  | 43,316 |
Total | $ | 224,813 |  |  | $ | 688,722 |  |  | $ | 1,268,027 |

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