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Segments (Tables)
 3 Months Ended
Mar. 31, 2025
Segment Reporting [Abstract]  
Schedule of Segment Reporting Information, by Segment
The following table sets forth financial information by reportable segment and attributable to corporate and certain other activities (in thousands):
Three Months Ended March 31, 2025
Direct-to-ConsumerLicensingCorporate
All Other (2)
Total
Net revenues$16,331 $11,385 $313 $846 $28,875 
Cost of sales (1)
(6,907)(596)— (1,550)(9,053)
Gross profit9,424 10,789 313 (704)19,822 
Personnel(4,347)(594)(5,743)(2,705)(13,389)
Rent(1,719)(7)(621)— (2,347)
Marketing(1,462)(20)(578)(34)(2,094)
Other segment items
(2,426)(1,277)(3,666)(883)(8,252)
Operating (loss) income(530)8,891 (10,295)(4,326)(6,260)
Interest expense(1,888)
Other nonoperating income, net202 
Loss before income taxes$(7,946)
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(1) Direct-to-consumer cost of sales includes an immaterial amount of personnel and rent for the three months ended March 31, 2025.
(2) For the three months ended March 31, 2025, transition expenses associated with the digital businesses licensed to Byborg, which the Company is responsible for during the transition period pursuant to the TSA, totaled $3.8 million, with $1.3 million recorded as cost of sales and $2.5 million recorded as selling and administrative expenses in the condensed consolidated statements of operations for the three months ended March 31, 2025.
Three Months Ended March 31, 2024
Direct-to-ConsumerLicensingCorporateAll OtherTotal
Net revenues$18,740 $4,147 $— $5,432 $28,319 
Cost of sales (1)
(8,992)(328)— (3,187)(12,507)
Gross profit9,748 3,819 — 2,245 15,812 
Personnel(4,245)(558)(3,963)(1,318)(10,084)
Rent(1,825)— (698)(7)(2,530)
Marketing(1,255)(12)— (7)(1,274)
Other segment items(2,570)(1,170)(6,037)(1,064)(10,841)
Operating (loss) income(147)2,079 (10,698)(151)(8,917)
Interest expense(6,427)
Other nonoperating expense, net(50)
Loss before income taxes$(15,394)
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(1) Direct-to-consumer cost of sales includes an immaterial amount of personnel and rent for the three months ended March 31, 2024.
Schedule of Geographic Information The following tables set forth revenue by geographic area for the months ended March 31, 2025 and 2024 (in thousands):
Three Months Ended
March 31,
20252024
Net revenues:
United States$9,987 $14,160 
Australia6,638 8,134 
Luxembourg5,000 — 
China3,196 1,446 
UK2,641 2,700 
Other1,413 1,879 
Total$28,875 $28,319 
Schedule of Goodwill
Changes in the recorded carrying value of goodwill for the three months ended March 31, 2025 by reportable segment were as follows (in thousands):
Direct-to-ConsumerLicensing
All Other (1)
Balance at December 31, 2024$19,923 $— $16,084 
Reclassification to reflect segment restructuring16,084 (16,084)
Foreign currency translation and other adjustments117 — — 
Balance at March 31, 2025$20,040 $16,084 $— 
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(1) Previously reported under Digital Subscriptions and Content operating and reportable segment in the most recent Annual Report on Form 10-K filed with the SEC on March 13, 2025.