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Segments (Tables)
 6 Months Ended
Jun. 30, 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 June 30,
20252024
Direct-to-ConsumerLicensingCorporate
All Other (2)
TotalDirect-to-ConsumerLicensingCorporate
All Other
Total
Net revenues$16,493 $10,932 $135 $588 $28,148 $14,504 $5,335 $— $5,046 $24,885 
Cost of sales (1)
(6,835)(2,503)— (401)(9,739)(6,177)418 — (2,259)(8,018)
Gross profit9,658 8,429 135 187 18,409 8,327 5,753 — 2,787 16,867 
Personnel(4,806)(1,190)(4,793)(603)(11,392)(4,103)(963)(3,305)(3,887)(12,258)
Rent(1,702)(5)(498)— (2,205)(1,833)— (633)(7)(2,473)
Marketing(1,336)(9)(29)— (1,374)(1,376)(27)— (166)(1,569)
Other segment items (3)
(2,564)(1,673)(4,740)(344)(9,321)(4,178)(377)(4,212)(1,003)(9,770)
Operating (loss) income(750)5,552 (9,925)(760)(5,883)(3,163)4,386 (8,150)(2,276)(9,203)
Interest expense(1,907)(6,588)
Other nonoperating income (expense), net1,000 (245)
Loss before income taxes$(6,790)$(16,036)
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(1) Direct-to-consumer cost of sales includes an immaterial amount of personnel and rent for the three months ended June 30, 2025 and 2024.
(2) For the three months ended June 30, 2025, transition expenses associated with the digital businesses licensed to Byborg, which we are responsible for during the transition period pursuant to the TSA, were $1.2 million, with $0.4 million recorded as cost of sales and $0.8 million recorded as selling and administrative expenses in the condensed consolidated statements of operations for the three months ended June 30, 2025.
(3) Includes intercompany expense allocations from our corporate segment to our direct-to-consumer segment that eliminate upon consolidation of $0.9 million and $0.8 million for the three months ended June 30, 2025 and 2024, respectively.

Six Months Ended June 30,
20252024
Direct-to-ConsumerLicensingCorporate
All Other (2)
TotalDirect-to-ConsumerLicensingCorporateAll OtherTotal
Net revenues$32,824 $22,317 $448 $1,434 $57,023 $33,244 $9,482 $— $10,478 $53,204 
Cost of sales (1)
(13,742)(3,099)— (1,951)(18,792)(15,169)90 — (5,446)(20,525)
Gross profit19,082 19,218 448 (517)38,231 18,075 9,572 — 5,032 32,679 
Personnel(9,153)(1,784)(10,536)(3,308)(24,781)(8,348)(1,907)(7,268)(5,205)(22,728)
Rent(3,421)(12)(1,119)— (4,552)(3,658)— (1,331)(14)(5,003)
Marketing(2,798)(29)(607)(34)(3,468)(2,631)(39)— (173)(2,843)
Other segment items (3)
(4,990)(2,950)(8,406)(1,227)(17,573)(6,748)(1,161)(10,249)(2,067)(20,225)
Operating (loss) income(1,280)14,443 (20,220)(5,086)(12,143)(3,310)6,465 (18,848)(2,427)(18,120)
Interest expense(3,795)(13,015)
Other nonoperating income, net1,202 (295)
Loss before income taxes$(14,736)$(31,430)
_________________
(1) Direct-to-consumer cost of sales includes an immaterial amount of personnel and rent for the six months ended June 30, 2025 and 2024.
(2) For the six months ended June 30, 2025, transition expenses associated with the digital businesses licensed to Byborg, which we are responsible for during the transition period pursuant to the TSA, reached the $5.0 million threshold, with $1.7 million recorded as cost of sales and $3.3 million recorded as selling and administrative expenses in the condensed consolidated statements of operations for the six months ended June 30, 2025.
(3) Includes intercompany expense allocations from our corporate segment to our direct-to-consumer segment that eliminate upon consolidation of $1.8 million for the six months ended June 30, 2025 and 2024.
Schedule of Geographic Information The following table sets forth revenue by geographic area (in thousands):
Three Months Ended
June 30,		Six Months Ended
June 30,
2025202420252024
Net revenues:
United States$8,833 $11,470 $18,820 $25,630 
Australia6,840 6,689 13,478 14,823 
Luxembourg5,000 — 10,000 — 
China3,180 3,024 6,376 4,470 
UK2,949 2,044 5,590 4,744 
Other1,346 1,658 2,759 3,537 
Total$28,148 $24,885 $57,023 $53,204 
Schedule of Goodwill
Changes in the recorded carrying value of goodwill for the six months ended June 30, 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 restructuring— 16,084 (16,084)
Foreign currency translation and other adjustments978 — — 
Balance at June 30, 2025$20,901 $16,084 $— 
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(1) Previously reported under the Digital Subscriptions and Content operating and reportable segment in our most recent Annual Report on Form 10-K filed with the SEC on March 13, 2025.