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Segments and Geographic Information | 12 Months Ended
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Dec. 31, 2024
Segment Reporting [Abstract] |
Segments | Segments and Geographic Information The Company has one operating segment as of December 31, 2024 and 2023, the streaming business. The following tables set forth our financial performance by geographical location (in thousands): Total long-lived assets and rights-of-use assets
| December 31,
| 2024 |  | 2023
United States | 165,481 |  |  | 190,113 |
Rest of world | 6,139 |  |  | 8,995 |
Total revenue
|  | For the Years Ended December 31,
|  | 2024 |  | 2023 |  | 2022
United States |  | $ | 1,557,846 |  |  | $ | 1,309,438 |  |  | $ | 972,220 |
Rest of world |  | 64,950 |  |  | 58,787 |  |  | 36,476 |
Total revenue |  | $ | 1,622,796 |  |  | $ | 1,368,225 |  |  | $ | 1,008,696 |
The Company’s method for measuring profitability includes gross profit and net loss from continuing operations, which the CODM uses to assess performance and make decisions for resource allocation. Gross Profit is defined as revenue less subscriber related expenses and broadcasting and transmission. Net loss from continuing operations is consistent with the measurement principals for net loss from continuing operations as reported on the Company’s consolidated statement of operations. The following table provides the significant expenses and gross profit with a reconciliation to net loss from continuing operations for the periods indicated, which are regularly reviewed by the CODM (in thousands):
| For the Years Ended December 31,
| 2024 |  | 2023 |  | 2022
Total revenue | $ | 1,622,796 |  |  | $1,368,225 |  | $1,008,696
Gross profit (loss) (1) | 203,911 |  |  | 86,148 |  |  | (41,096) |
Significant expenses: |  |  |  |  |
Sales and marketing (2) | 185,148 |  |  | 184,159 |  |  | 161,417 |
Technology and development (2) | 67,801 |  |  | 55,651 |  |  | 59,266 |
General and administrative (2) | 62,436 |  |  | 48,188 |  |  | 61,037 |
Other segment expenses (3) | 66,304 |  |  | 91,252 |  |  | 102,229 |
Net loss from continuing operations | (177,778) |  |  | (293,102) |  |  | (425,045) |
(1) Gross profit (loss) is calculated as total revenue less Subscriber related expenses and Broadcasting and transmission expenses. (2) Sales and marketing, Technology and development, and General and administrative expense categories regularly provided to the CODM exclude stock-based compensation. (3) Other segment expenses include depreciation and amortization, impairment of other assets, stock-based compensation expense, total other income (expense), and (provision) benefit for income taxes.

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 48 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482785/280-10-55-48 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards 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