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Equity-Based Compensation (Tables)

6 Months Ended

Mar. 31, 2026

Equity [Abstract]

Schedule of Stock-based Compensation Expense

The Company recognized stock-based compensation expense as follows (in thousands):

			Three Months Ended												Six Months Ended
			March 31, 2026						March 29, 2025						March 31, 2026						March 29, 2025
Subscriber related			$	66					$	—					$	114					$	—
Sales and marketing			2,338						—						5,352						—
Technology and development			2,580						—						4,566						—
General and administrative			5,203						—						12,850						—
Total stock-based compensation expense			$	10,187					$	—					$	22,882					$	—

Schedule of of Stock Option Activity

A summary of time-based stock option activity for the six months ended March 31, 2026 is as follows (in thousands, except share and per share amounts):

			Number of Shares						Weighted Average Exercise Price						Total Intrinsic Value						Weighted Average Remaining Contractual Life (Years)
Outstanding as of September 27, 2025			—						$	—					$	—					N/A
Assumed from Fubo			655,138						$	90.56					$	2,755					3.9
Exercised			(2,963)						$	13.28
Forfeited or expired			(54,648)						$	123.73
Outstanding as of March 31, 2026			597,527						$	87.91					$	41					4.1
Options vested and exercisable as of March 31, 2026			584,273						$	89.58					$	41					4.1

A summary of activity under the 2020 Plan for market and service-based stock options for the six months ended March 31, 2026 is as follows (in thousands, except share and per share amounts):

			Number of Shares						Weighted Average Exercise Price						Total Intrinsic Value						Weighted Average Remaining Contractual Life (Years)
Outstanding as of September 27, 2025			—						$	—					$	—					N/A
Assumed from Fubo			371,110						$	153.00					$	—					1.8
Outstanding as of March 31, 2026			371,110						$	153.00					$	—					1.4
Options vested and exercisable as of March 31, 2026			371,110						$	153.00					$	—					1.4

Schedule of Nonvested Restricted Stock Units Activity

A summary of the Company’s time-based restricted stock unit activity during the six months ended March 31, 2026 is as follows:

			Number of Shares						Weighted Average Grant-Date Fair Value
Unvested at September 27, 2025			—						N/A
Assumed from Fubo			2,887,103						$	31.18
Granted			371,167						$	43.85
Vested			(843,393)						$	36.41
Forfeited or expired			(37,572)						$	27.87
Unvested at March 31, 2026			2,377,305						$	31.36

A summary of the Company’s performance-based restricted stock unit activity during the six months ended March 31, 2026 is as follows:

			Number of Shares						Weighted Average Grant-Date  Fair Value
Unvested at September 27, 2025			—						N/A
Assumed from Fubo			357,915						$	58.14
Granted			129,689						$	44.28
Vested			(29,062)						$	37.75
Unvested at March 31, 2026			458,542						$	55.51

A summary of the Company’s market and service-based restricted stock unit activity during the six months ended March 31, 2026 is as follows:

			Number of Shares						Weighted Average Grant-Date  Fair Value
Unvested at September 27, 2025			—						N/A
Assumed from Fubo			108,732						$	33.76
Unvested at March 31, 2026			108,732						$	33.76

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Tabular disclosure of allocation of amount expensed and capitalized for award under share-based payment arrangement to statement of income or comprehensive income and statement of financial position. Includes, but is not limited to, corresponding line item in financial statement.

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-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (h)(1)
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Tabular disclosure of the changes in outstanding nonvested restricted stock units.

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-Name Accounting Standards Codification
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Tabular disclosure of activity for award under share-based payment arrangement. Includes, but is not limited to, outstanding award at beginning and end of year, granted, exercised, forfeited, and weighted-average grant date fair value.

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