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Segments and Geographic Information | 3 Months Ended
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Mar. 31, 2025
Segment Reporting [Abstract] |
Segments | Segments and Geographic Information The Company has one operating segment as of March 31, 2025 and 2024, 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
| March 31, 2025 |  | December 31, 2024
United States | 158,850 |  |  | 165,481 |
Rest of world | 5,770 |  |  | 6,139 |
Total revenue
|  |  |  | Three Months Ended March 31,
|  |  |  |  |  | 2025 |  | 2024
United States |  |  |  |  |  | $ | 399,266 |  |  | $ | 386,783 |
Rest of world |  |  |  |  |  | 17,020 |  |  | 15,564 |
Total revenue |  |  |  |  |  | $ | 416,286 |  |  | $ | 402,347 |
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 income (loss) from continuing operations is consistent with the measurement principals for net income (loss) from continuing operations as reported on the Company’s consolidated statement of operations and comprehensive income (loss). The following table provides the significant expenses and gross profit with a reconciliation to net income (loss) from continuing operations for the periods indicated, which are regularly reviewed by the CODM (in thousands):
|  |  | Three Months Ended March 31,
|  |  |  |  | 2025 |  | 2024
Total revenue |  |  |  |  | $ | 416,286 |  |  | $ | 402,347 |
Gross profit (1) |  |  |  |  | 69,231 |  |  | 27,677 |
Significant expenses: |  |  |  |  |  |  |
Sales and marketing (2) |  |  |  |  | 40,004 |  |  | 38,473 |
Technology and development (2) |  |  |  |  | 16,865 |  |  | 16,162 |
General and administrative (2) |  |  |  |  | 24,480 |  |  | 14,196 |
Other segment (income) expenses (3) |  |  |  |  | (200,606) |  |  | 15,175 |
Net income (loss) from continuing operations |  |  |  |  | 188,488 |  |  | (56,329) |
(1) Gross profit 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, interest expense, interest income, amortization of debt premium, net, gain on settlement of litigation, net, other income (expense) and provision 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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