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Summary of Significant Accounting Policies (Tables) | 6 Months Ended
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Jun. 30, 2025
Accounting Policies [Abstract] |
Schedule of Earnings Per Share, Basic and Diluted | The following table sets forth the computation of basic and diluted income (loss) per common share attributable to the Company’s stockholders (in thousands, except per share data):
| Three Months Ended June 30, |  | Six Months Ended June 30,
| 2025 |  | 2024 |  | 2025 |  | 2024
Numerator: |  |  |  |  |  |  |
Income (loss) from continuing operations | $ | 12,412 |  |  | $ | (6,938) |  |  | $ | 16,409 |  |  | $ | (19,658) |
Income (loss) from discontinued operations, net of tax | 96,227 |  |  | (1,249) |  |  | 96,250 |  |  | (91,887) |
Net income (loss) | $ | 108,639 |  |  | $ | (8,187) |  |  | $ | 112,659 |  |  | $ | (111,545) |
Denominator: |  |  |  |  |  |  |
Weighted average number of shares of common stock outstanding - basic (1) | 47,398,767 |  |  | 29,399,365 |  |  | 47,397,193 |  |  | 28,110,331 |
Add: effect of dilutive Series G convertible preferred stock (2) | 8,582 |  |  | — |  |  | 8,582 |  |  | — |
Add: effect of dilutive restricted stock units (2) | 427 |  |  | — |  |  | — |  |  | — |
Add: effect of dilutive common stock options (2) | 227,370 |  |  | — |  |  | 97,494 |  |  | — |
Weighted average number of common shares outstanding – dilutive | 47,635,146 |  |  | 29,399,365 |  |  | 47,503,269 |  |  | 28,110,331 |
Income (loss) from continuing operations | $ | 0.26 |  |  | $ | (0.24) |  |  | $ | 0.35 |  |  | $ | (0.70) |
Income (loss) from discontinued operations | 2.03 |  |  | (0.04) |  |  | 2.03 |  |  | (3.27) |
Basic net income (loss) per common share | $ | 2.29 |  |  | $ | (0.28) |  |  | $ | 2.38 |  |  | $ | (3.97) |
Income (loss) from continuing operations | $ | 0.26 |  |  | $ | (0.24) |  |  | $ | 0.35 |  |  | $ | (0.70) |
Income (loss) from discontinued operations | 2.02 |  |  | (0.04) |  |  | 2.03 |  |  | (3.27) |
Dilutive net income (loss) per common share | $ | 2.28 |  |  | $ | (0.28) |  |  | $ | 2.38 |  |  | $ | (3.97) |
(1) Includes: restricted stock awards only when the underlying restrictions expire, the shares are no longer forfeitable, and are thus vested; restricted stock units only when the underlying restrictions expire, the shares are no longer forfeitable, and are thus vested; and contingently issuable shares only when there are no circumstances under which those shares would not be issued. (2) There was no dilutive effect from the Series G convertible preferred stock, restricted stock units, or common stock options for the three and six months ended June 30, 2024 due to the net loss in the periods.
Schedule of Antidilutive Securities | Anti-dilutive potential shares of common stock are as follows:
| Three Months Ended June 30, |  | Six Months Ended June 30
| 2025 |  | 2024 |  | 2025 |  | 2024
Series G convertible preferred stock | — |  |  | 8,582 |  |  | — |  |  | 8,582 |
Financing Warrants | 39,774 |  |  | 39,774 |  |  | 39,774 |  |  | 39,774 |
ABG Warrants | — |  |  | 999,540 |  |  | — |  |  | 999,540 |
AllHipHop Warrants | 5,682 |  |  | 5,682 |  |  | 5,682 |  |  | 5,682 |
Publisher Partner Warrants | 9,800 |  |  | 9,800 |  |  | 9,800 |  |  | 9,800 |
Restricted stock units | 36,575 |  |  | 194,212 |  |  | 37,002 |  |  | 194,212 |
Common stock options | 2,931,149 |  |  | 3,840,700 |  |  | 3,061,025 |  |  | 3,840,700 |
Anti-dilutive securities, excluded | 3,022,980 |  |  | 5,098,290 |  |  | 3,153,283 |  |  | 5,098,290 |

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