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v3.25.2

Segment Reporting (Tables) | 6 Months Ended
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Jun. 30, 2025
Segment Reporting [Abstract] |
Schedule of Financial Information by Segment | The following tables summarize key financial information by segment:
| For the Three Months Ended June 30, 2025
| Sports & Leisure |  | Finance |  | Lifestyle |  | Platform |  | Total
Digital advertising | $ | 12,513 |  |  | $ | 8,254 |  |  | $ | 8,812 |  |  | $ | 2,114 |  |  |
Digital subscriptions | — |  |  | 1,479 |  |  | — |  |  | — |  |  |
Publisher revenue | 2,619 |  |  | 646 |  |  | 1,757 |  |  | 599 |  |  |
Performance Marketing | 1,499 |  |  | 2,715 |  |  | 1,516 |  |  | — |  |  |
Other digital revenue | 39 |  |  | — |  |  | 1 |  |  | 204 |  |  |
Total digital revenue | 16,670 |  |  | 13,094 |  |  | 12,086 |  |  | 2,917 |  |  |
Print revenue | 53 |  |  | 3 |  |  | 189 |  |  | — |  |  |
Total revenue | 16,723 |  |  | 13,097 |  |  | 12,275 |  |  | 2,917 |  |  | $ | 45,012 |
Less: (1) |  |  |  |  |  |  |  |  |
External Cost of Content | 3,176 |  |  | 1,869 |  |  | 2,055 |  |  | 1,527 |  |  |
Internal Cost of Content | 1,736 |  |  | 1,636 |  |  | 2,025 |  |  | 53 |  |  |
Technology costs | 964 |  |  | 524 |  |  | 557 |  |  | 333 |  |  |
Print, distribution and fulfillment costs | (47) |  |  | — |  |  | 120 |  |  | (286) |  |  |
Other segment items | 4 |  |  | — |  |  | — |  |  | — |  |  |
Segment gross profit | $ | 10,890 |  |  | $ | 9,068 |  |  | $ | 7,518 |  |  | $ | 1,290 |  |  | $ | 28,766 |
Reconciliation of Segment Gross Profit to Net Income Before Income Taxes: |  |  |  |  |  |  |  |  |
Less unallocated cost of revenue amounts: |  |  |  |  |  |  |  |  |
Internal cost of content |  |  |  |  |  |  |  |  | 825 |
Technology costs |  |  |  |  |  |  |  |  | 1,398 |
Amortization of developed technology and platform development |  |  |  |  |  |  |  |  | 1,108 |
Selling and marketing |  |  |  |  |  |  |  |  | 1,942 |
General and administrative |  |  |  |  |  |  |  |  | 6,200 |
Depreciation and amortization |  |  |  |  |  |  |  |  | 881 |
Interest expense, net |  |  |  |  |  |  |  |  | 2,945 |
Liquidated damages |  |  |  |  |  |  |  |  | 76 |
Total unallocated costs |  |  |  |  |  |  |  |  | 15,375 |
Net income before income taxes |  |  |  |  |  |  |  |  | $ | 13,391 |
(1)The significant expense categories and amounts align with the segment-level information that is regularly provided to the chief operating decision maker.
| For the Three Months Ended June 30, 2024
| Sports & Leisure |  | Finance |  | Lifestyle |  | Platform |  | Total
Digital advertising | $ | 7,670 |  |  | $ | 3,588 |  |  | $ | 6,588 |  |  | $ | 2,873 |  |  |
Digital subscriptions | — |  |  | 1,373 |  |  | — |  |  | (3) |  |  |
Publisher revenue | 985 |  |  | 366 |  |  | 661 |  |  | 270 |  |  |
Performance Marketing | 762 |  |  | 304 |  |  | 471 |  |  | — |  |  |
Other digital revenue | 228 |  |  | 59 |  |  | 13 |  |  | 222 |  |  |
Total digital revenue | 9,645 |  |  | 5,690 |  |  | 7,733 |  |  | 3,362 |  |  |
Print revenue | 139 |  |  | — |  |  | 614 |  |  | — |  |  |
Total revenue | 9,784 |  |  | 5,690 |  |  | 8,347 |  |  | 3,362 |  |  | $ | 27,183 |
Less: (1) |  |  |  |  |  |  |  |  |
External Cost of Content | 1,807 |  |  | 46 |  |  | 184 |  |  | 2,075 |  |  |
Internal Cost of Content | 2,070 |  |  | 1,595 |  |  | 1,693 |  |  | 54 |  |  |
Technology costs | 1,088 |  |  | 655 |  |  | 704 |  |  | 311 |  |  |
Print, distribution and fulfillment costs | 5 |  |  | — |  |  | 348 |  |  | — |  |  |
Other segment items | 68 |  |  | — |  |  | — |  |  | — |  |  |
Segment gross profit | $ | 4,746 |  |  | $ | 3,394 |  |  | $ | 5,418 |  |  | $ | 922 |  |  | $ | 14,480 |
Reconciliation of Segment Gross Profit to Net Income Before Income Taxes: |  |  |  |  |  |  |  |  |
Less unallocated cost of revenue amounts: |  |  |  |  |  |  |  |  |
Internal cost of content |  |  |  |  |  |  |  |  | 882 |
Technology costs |  |  |  |  |  |  |  |  | 1,373 |
Amortization of developed technology and platform development |  |  |  |  |  |  |  |  | 1,507 |
Selling and marketing |  |  |  |  |  |  |  |  | 3,751 |
General and administrative |  |  |  |  |  |  |  |  | 8,632 |
Depreciation and amortization |  |  |  |  |  |  |  |  | 913 |
Interest expense, net |  |  |  |  |  |  |  |  | 4,249 |
Liquidated damages |  |  |  |  |  |  |  |  | 76 |
Total unallocated costs |  |  |  |  |  |  |  |  | 21,383 |
Net income before income taxes |  |  |  |  |  |  |  |  | $ | (6,903) |
(1)The significant expense categories and amounts align with the segment-level information that is regularly provided to the chief operating decision maker.
| For the Six Months Ended June 30, 2025
| Sports & Leisure |  | Finance |  | Lifestyle |  | Platform |  | Total
Digital advertising | $ | 22,229 |  |  | $ | 12,213 |  |  | $ | 13,976 |  |  | $ | 5,092 |  |  |
Digital subscriptions | — |  |  | 3,128 |  |  | — |  |  | 22 |  |  |
Publisher revenue | 4,251 |  |  | 1,100 |  |  | 2,618 |  |  | 756 |  |  |
Performance Marketing | 2,606 |  |  | 4,751 |  |  | 3,163 |  |  | — |  |  |
Other digital revenue | 47 |  |  | — |  |  | 1 |  |  | 422 |  |  |
Total digital revenue | 29,133 |  |  | 21,192 |  |  | 19,758 |  |  | 6,292 |  |  |
Print revenue | 53 |  |  | 3 |  |  | 396 |  |  | — |  |  |
Total revenue | 29,186 |  |  | 21,195 |  |  | 20,154 |  |  | 6,292 |  |  | $ | 76,827 |
Less: (1) |  |  |  |  |  |  |  |  |
External Cost of Content | 5,148 |  |  | 1,954 |  |  | 2,182 |  |  | 3,438 |  |  |
Internal Cost of Content | 3,732 |  |  | 3,886 |  |  | 4,406 |  |  | 61 |  |  |
Technology costs | 1,922 |  |  | 1,061 |  |  | 1,065 |  |  | 684 |  |  |
Print, distribution and fulfillment costs | (46) |  |  | — |  |  | 296 |  |  | (286) |  |  |
Other segment items | 4 |  |  | 2 |  |  | — |  |  | — |  |  |
Segment gross profit | $ | 18,426 |  |  | $ | 14,292 |  |  | $ | 12,205 |  |  | $ | 2,395 |  |  | $ | 47,318 |
Reconciliation of Segment Gross Profit to Net Income Before Income Taxes: |  |  |  |  |  |  |  |  |
Less unallocated cost of revenue amounts: |  |  |  |  |  |  |  |  |
Internal cost of content |  |  |  |  |  |  |  |  | 1,185 |
Technology costs |  |  |  |  |  |  |  |  | 2,645 |
Amortization of developed technology and platform development |  |  |  |  |  |  |  |  | 2,384 |
Selling and marketing |  |  |  |  |  |  |  |  | 4,076 |
General and administrative |  |  |  |  |  |  |  |  | 11,483 |
Depreciation and amortization |  |  |  |  |  |  |  |  | 1,771 |
Interest expense, net |  |  |  |  |  |  |  |  | 5,949 |
Liquidated damages |  |  |  |  |  |  |  |  | 151 |
Total unallocated costs |  |  |  |  |  |  |  |  | 29,644 |
Net income before income taxes |  |  |  |  |  |  |  |  | $ | 17,674 |
(1)The significant expense categories and amounts align with the segment-level information that is regularly provided to the chief operating decision maker.
| For the Six Months Ended June 30, 2024
| Sports & Leisure |  | Finance |  | Lifestyle |  | Platform |  | Total
Digital advertising | $ | 18,724 |  |  | $ | 6,989 |  |  | $ | 12,333 |  |  | $ | 5,421 |  |  |
Digital subscriptions | — |  |  | 3,691 |  |  | — |  |  | 13 |  |  |
Publisher revenue | 2,042 |  |  | 706 |  |  | 1,126 |  |  | 511 |  |  |
Performance Marketing | 1,056 |  |  | 506 |  |  | 647 |  |  | — |  |  |
Other digital revenue | 778 |  |  | 67 |  |  | 22 |  |  | 466 |  |  |
Total digital revenue | 22,600 |  |  | 11,959 |  |  | 14,128 |  |  | 6,411 |  |  |
Print revenue | 412 |  |  | — |  |  | 614 |  |  | — |  |  |
Total revenue | 23,012 |  |  | 11,959 |  |  | 14,742 |  |  | 6,411 |  |  | $ | 56,124 |
Less: (1) |  |  |  |  |  |  |  |  |
External Cost of Content | 6,086 |  |  | 98 |  |  | 263 |  |  | 4,022 |  |  |
Internal Cost of Content | 4,283 |  |  | 3,287 |  |  | 3,628 |  |  | 132 |  |  |
Technology costs | 1,593 |  |  | 1,288 |  |  | 888 |  |  | 492 |  |  |
Print, distribution and fulfillment costs | 155 |  |  | — |  |  | 442 |  |  | — |  |  |
Other segment items | 94 |  |  | — |  |  | 2 |  |  | — |  |  |
Segment gross profit | $ | 10,801 |  |  | $ | 7,286 |  |  | $ | 9,519 |  |  | $ | 1,765 |  |  | $ | 29,371 |
Reconciliation of Segment Gross Profit to Net Loss Before Income Taxes: |  |  |  |  |  |  |  |  |
Less unallocated cost of revenue amounts: |  |  |  |  |  |  |  |  |
Internal cost of content |  |  |  |  |  |  |  |  | 2,140 |
Technology costs |  |  |  |  |  |  |  |  | 4,524 |
Amortization of developed technology and platform development |  |  |  |  |  |  |  |  | 3,056 |
Selling and marketing |  |  |  |  |  |  |  |  | 8,315 |
General and administrative |  |  |  |  |  |  |  |  | 18,767 |
Depreciation and amortization |  |  |  |  |  |  |  |  | 1,900 |
Interest expense, net |  |  |  |  |  |  |  |  | 8,588 |
Loss on impairment of assets |  |  |  |  |  |  |  |  | 1,198 |
Change in valuation of contingent consideration |  |  |  |  |  |  |  |  | 313 |
Liquidated damages |  |  |  |  |  |  |  |  | 152 |
Loss on sale of assets |  |  |  |  |  |  |  |  | — |
Total unallocated costs |  |  |  |  |  |  |  |  | 48,953 |
Net income (loss) before income taxes |  |  |  |  |  |  |  |  | $ | (19,582) |
(1)The significant expense categories and amounts align with the segment-level information that is regularly provided to the chief operating decision maker.

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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-25 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-22 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 + Details
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