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Condensed Consolidated Statements of Operations and Comprehensive Loss - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Mar. 31, 2026
Mar. 29, 2025
Mar. 31, 2026
Mar. 29, 2025
Revenues        
Total revenues $ 1,573,867 $ 1,125,476 $ 3,122,555 $ 2,231,468
Operating expenses        
Broadcasting and transmission 9,289 0 18,152 0
Sales and marketing 58,084 1,988 117,334 4,224
Technology and development 20,774 0 34,391 0
General and administrative 13,077 41,733 48,368 81,614
Depreciation and amortization 36,010 0 60,240 0
Total operating expenses 1,582,945 1,166,390 3,151,976 2,310,969
Operating loss (9,078) (40,914) (29,421) (79,501)
Other income (expense)        
Interest expense, net (2,814) 0 (4,257) 0
Amortization of debt premium, net 4,702 0 7,764 0
Other income 1,327 0 1,354 0
Total other income (expense) 3,215 0 4,861 0
Loss before income taxes (5,863) (40,914) (24,560) (79,501)
Income tax provision (343) 0 (710) 0
Net loss (6,206) (40,914) (25,270) (79,501)
Less: Net loss attributable to non-controlling interest (4,105) 0 (17,193) 0
Net loss attributable to common shareholders (2,101) (40,914) (8,077) (79,501)
Other comprehensive loss        
Foreign currency translation adjustment (18) 0 (180) 0
Comprehensive loss attributable to common shareholders $ (2,119) $ (40,914) $ (8,257) $ (79,501)
Earnings Per Share [Abstract]        
Net loss per share - basic (in usd per share) $ (0.07) $ 0 $ (0.27) $ 0
Net loss per share - diluted (in usd per share) $ (0.07) $ 0 $ (0.27) $ 0
Weighted average shares outstanding:        
Basic (in shares) 30,715,279 0 30,049,437 0
Diluted (in shares) 30,715,279 0 30,049,437 0
Nonrelated Party        
Operating expenses        
Subscriber related expenses $ 946,705 $ 511,760 $ 1,900,221 $ 996,092
Related party        
Revenues        
Total revenues 1,121,449 1,122,670 2,281,883 2,225,131
Operating expenses        
Subscriber related expenses 499,006 610,909 973,270 1,229,039
Subscription | Nonrelated Party        
Revenues        
Total revenues 347,015 0 639,248 0
Advertising | Nonrelated Party        
Revenues        
Total revenues 101,568 0 193,091 0
Other | Nonrelated Party        
Revenues        
Total revenues $ 3,835 $ 2,806 $ 8,333 $ 6,337