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Discontinued Operations | 12 Months Ended
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Dec. 31, 2023
Discontinued Operations and Disposal Groups [Abstract] |
Discontinued Operations | Discontinued Operations Dissolution of Fubo Gaming As discussed in Note 1, on October 17, 2022, the Company dissolved its wholly owned subsidiary Fubo Gaming Inc. ("Fubo Gaming"). In connection with the dissolution of Fubo Gaming, the Company concurrently ceased operation of Fubo Sportsbook. Net income (loss) from Fubo Gaming's discontinued operations consists of the following for the years ended December 31, 2023 and 2022 (in thousands):
| Years Ended December 31,
| 2023 |  | 2022 |  | 2021
Revenues |  |  |  |  |
Wagering | $ | — |  |  | $ | (759) |  |  | $ | (20) |
Total revenues | — |  |  | (759) |  |  | (20) |
Operating expenses |  |  |  |  |
Sales and marketing | (59) |  |  | 9,976 |  |  | 6,667 |
Technology and development | 17 |  |  | 9,220 |  |  | 5,095 |
General and administrative | 1,370 |  |  | 28,481 |  |  | 19,146 |
Depreciation and amortization | 158 |  |  | 433 |  |  | 215 |
Gain on extinguishment and remeasurement of certain liabilities | (6,671) |  |  | — |  |  | — |
Impairment of goodwill, intangible assets, and other long-lived assets, net | — |  |  | 87,365 |  |  | — |
Total operating expenses | (5,185) |  |  | 135,475 |  |  | 31,123 |
Operating income (loss) | 5,185 |  |  | (136,234) |  |  | (31,143) |
Other income (expense) |  |  |  |  |
Interest expense | — |  |  | (598) |  |  | — |
Other income (expense) | — |  |  | (42) |  |  | (34) |
Total other expense | — |  |  | (640) |  |  | (34) |
Net income (loss) from discontinued operations before income taxes | 5,185 |  |  | (136,874) |  |  | (31,177) |
Income tax benefit | — |  |  | — |  |  | — |
Net income (loss) from discontinued operations | $ | 5,185 |  |  | $ | (136,874) |  |  | $ | (31,177) |
During the year ended December 31, 2023, the Company recorded a $6.7 million gain on extinguishment and remeasurement of certain liabilities. During the year ended December 31, 2022 the Company incurred non-cash impairment charges totaling $87.4 million primarily consisting of prepaid market access agreements, intangible assets and goodwill. Included in the table above, during the years ended December 31, 2022 and 2021, the Company recorded $15.9 million and $10.6 million, respectively, of stock-based compensation expense. There was no stock-based compensation expense recorded during the year ended December 31, 2023 pertaining to Fubo Gaming. During the year ended December 31, 2022, the Company incurred certain immaterial charges in connection with the dissolution, primarily related to severance and other employee-related costs. The carrying amounts of the major classes of assets and liabilities classified as discontinued operations as of December 31, 2023 and 2022 are as follows (in thousands):
| December 31,
| 2023 |  | 2022
ASSETS |  |  |
Current assets |  |  |
Cash and cash equivalents | $ | 462 |  |  | $ | 3,277 |
Prepaid and other current assets | — |  |  | 1,366 |
Total assets - discontinued operations | $ | 462 |  |  | $ | 4,643 |
LIABILITIES |  |  |
Current liabilities |  |  |
Accounts payable | $ | 2,195 |  |  | $ | 4,347 |
Accrued expenses and other current liabilities | 17,413 |  |  | 25,787 |
Lease liabilities | — |  |  | 2,447 |
Total liabilities - discontinued operations | $ | 19,608 |  |  | $ | 32,581 |
As of December 31, 2023 and 2022, the Company's accrued expenses and other current liabilities of its discontinued operations included $17.4 million and $24.7 million, respectively, primarily related to contract termination costs.

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- Definition The entire disclosure related to a disposal group. Includes, but is not limited to, a discontinued operation, disposal classified as held-for-sale or disposed of by means other than sale or disposal of an individually significant component. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 205 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//205-20/tableOfContent Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 360 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//360/tableOfContent + Details
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