XML 14 R2.htm IDEA: XBRL DOCUMENT v3.25.0.1
Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2024
Dec. 31, 2023
Current assets    
Cash and cash equivalents $ 194.8 $ 204.2
Trade and other receivables, net of allowances of $1.6 million and $1.4 million, as of December 31, 2024 and 2023, respectively 82.5 85.2
Prepaid expenses and other current assets 29.6 21.5
Total current assets 306.9 310.9
Noncurrent assets    
Property and equipment, net 1.8 1.5
Intangible assets, net 155.9 175.1
Goodwill, net 573.8 553.9
Right-of-use lease assets 6.4 8.8
Other noncurrent assets 3.9 3.7
Total assets 1,048.7 1,053.9
Current liabilities    
Accounts payable and other current liabilities 40.7 46.6
Income tax payable 0.0 0.2
Cancelled event liabilities 1.2 0.6
Deferred revenues 190.5 174.3
Contingent consideration 0.7 0.2
Right-of-use lease liabilities, current portion 4.0 4.0
Term loan, current portion 4.2 4.2
Total current liabilities 241.3 230.1
Noncurrent liabilities    
Term loan, net of discount and deferred financing fees 398.5 398.7
Deferred tax liabilities, net 4.9 3.1
Right-of-use lease liabilities, noncurrent portion 5.5 8.9
Other noncurrent liabilities 12.6 8.5
Total liabilities 662.8 649.3
Commitments and contingencies (Note 16)
Stockholders' deficit    
Common stock, $0.01 par value; authorized shares at December 31, 2024 and 2023: 800,000; 201,447 and 62,915 shares issued and outstanding at December 31, 2024 and 2023, respectively 2.0 0.6
Additional paid-in capital 1,034.0 559.2
Accumulated deficit (650.1) (652.3)
Total stockholders' equity (deficit) 385.9 (92.5)
Total liabilities, redeemable convertible preferred stock and stockholders' equity (deficit) 1,048.7 1,053.9
7% Series A Convertible Participating Preferred Stock [Member]    
Redeemable convertible preferred stock    
7% Series A Convertible Participating Preferred Stock, $0.01 par value; authorized shares at December 31, 2024 and 2023: 80,000; zero and 71,403 shares issued and outstanding; aggregate liquidation preference of zero and $492.6 million at December 31, 2024 and 2023, respectively $ 0.0 $ 497.1