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Summary of Significant Accounting Policies (Tables)
6 Months Ended
Mar. 31, 2026
Accounting Policies [Abstract]  
Schedule of Revenue from External Customers and Long-Lived Assets, by Geographical Areas The following table presents total revenue for the operating segment (in thousands):
Three Months EndedSix Months Ended
March 31, 2026March 29, 2025March 31, 2026March 29, 2025
United States$1,558,017 $1,125,476 $3,095,638 $2,231,468 
Rest of world15,850 — 26,917 — 
Total revenue$1,573,867 $1,125,476 $3,122,555 $2,231,468 
Schedule of Restrictions on Cash and Cash Equivalents
The following table provides a reconciliation of cash and cash equivalents and restricted cash within the consolidated balance sheets that sum to the total of the same on the consolidated statement of cash flows (in thousands):
March 31, 2026September 27, 2025
Cash and cash equivalents$237,813 $— 
Restricted cash6,146 — 
Total cash, cash equivalents and restricted cash$243,959 $ 
Schedule of Property and Equipment, Net The Company’s property and equipment, net are being depreciated over their estimated useful lives as follows:
Useful Life
(Years)
Furniture and fixtures5
Computer equipment
3-5
Leasehold improvementsTerm of lease
The table below summarizes the Company’s property and equipment, net (in thousands):
Useful Life
(Years)
March 31, 2026September 27, 2025
Furniture and fixtures5$409 $— 
Computer equipment
3-5
3,585 — 
Leasehold improvementsTerm of lease2,524 — 
6,518 — 
Less: Accumulated depreciation(632)— 
Total property and equipment, net$5,886 $ 
Schedule of Intangible Assets Estimated Useful Life
The Company’s intangible assets represent definite lived intangible assets, which are being amortized on a straight-line basis over their estimated useful lives as follows:
Useful Life
(Years)
Trade names8
Customer relationships - streaming
2
Customer relationships - advertising
2
Capitalized internal use software3
Developed technology5
Software licenses5
Schedule of Earnings Per Share, Basic and Diluted
The following table presents the calculation of basic net loss per share (in thousands, except shares and per share data):
Three Months EndedSix Months Ended
March 31, 2026March 29, 2025March 31, 2026March 29, 2025
Numerator:
Net loss$(6,206)$(40,914)$(25,270)$(79,501)
Less: net loss attributable to non-controlling interest
4,105 — 17,193 — 
Net loss attributable to common shareholders
(2,101)(40,914)(8,077)(79,501)
Denominator:
Weighted-average common shares outstanding30,715,279 — 30,049,437 — 
Basic and diluted net loss per share$(0.07)$(0.27)
Schedule of Antidilutive Securities Excluded from Computation of Earnings per Share
The following common share equivalents are excluded from the calculation of weighted average common shares outstanding because their inclusion would have been anti-dilutive:
Three Months EndedSix Months Ended
March 31, 2026March 29, 2025March 31, 2026March 29, 2025
Stock options1,310,303 — 1,310,303 — 
Unvested restricted stock units2,944,579 — 2,944,579 — 
Convertible notes variable settlement feature3,855,540 — 3,855,540 — 
Total8,110,422  8,110,422