XML 68 R43.htm IDEA: XBRL DOCUMENT v3.23.1

SEGMENT REPORTING (Tables)

12 Months Ended

Dec. 31, 2022

Segment Reporting [Abstract]

Schedule of Segment Reporting Information

The following table summarizes revenue by reportable segments:

			Successor									Predecessor
			Period from January 27, 2022 through December 31, 2022									Period from January 1, 2022 through January 26, 2022						Year Ended December 31, 2021
Owned and Operated Advertising			$	556,303								$	49,249					$	652,884
Partner Network			55,926									3,463						35,505
Subscription			161,711									—						—
Total revenue			$	773,940								$	52,712					$	688,389

The following table summarizes adjusted gross profit by reportable segments:

			Successor									Predecessor
			Period from January 27, 2022 through December 31, 2022									Period from January 1, 2022 through January 26, 2022						Year Ended December 31, 2021
Owned and Operated Advertising			$	138,560								$	8,768					$	143,284
Partner Network			42,291									3,012						35,505
Subscription			78,220									—						—
Adjusted gross profit			$	259,071								$	11,780					$	178,789
Other cost of revenues			23,910									575						11,513
Salaries and benefits			194,976									31,181						66,747
Selling, general, and administrative			63,478									15,665						35,813
Depreciation and amortization			118,652									1,000						13,885
Impairment of goodwill			366,309									—						—
Interest expense			32,050									1,049						16,870
Change in fair value of warrant liabilities			3,751									—						—
Income (loss) before income tax			$	(544,055)								$	(37,690)					$	33,961

Schedule of Revenues Disaggregated by Geographic Region

The following table summarizes revenue by geographic region:

			Successor									Predecessor
Geographic Region			Period from January 27, 2022 through December 31, 2022									Period from January 1, 2022 through January 26, 2022						Year Ended December 31, 2021
United States			$	593,527								$	51,701					$	652,622
United Kingdom			162,019									—						543
Other countries			18,394									1,011						35,224
Total revenue			$	773,940								$	52,712					$	688,389

Schedule of Property and Equipment, Net and Operating Lease Right-of-use Assets by Geographic Region

The following table summarizes property and equipment, net and operating lease right-of-use assets by reportable segments:

			Successor									Predecessor
			December 31, 2022									December 31, 2021
Owned and Operated Advertising			$	9,646								$	830
Subscription			860									—
Total			$	10,506								$	830

The following table summarizes property and equipment, net and operating lease right-of-use assets by geographic region:

			Successor									Predecessor
			December 31, 2022									December 31, 2021
United States			$	5,473								$	718
Canada			3,730									78
Other countries			$	1,303								$	34
Total			$	10,506								$	830

X

- Definition

Tabular disclosure of long-lived assets, excluding financial instruments, long-term customer relationships of a financial institution, mortgage rights, deferred policy acquisition costs, and deferred tax assets, by geographic areas located in the entity's country of domicile and foreign countries in which the entity holds assets.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 41
-Subparagraph b
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e9038-108599

+ Details

Name:	us-gaap_LongLivedAssetsByGeographicAreasTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of revenue from external customers by geographic areas attributed to the entity's country of domicile and to foreign countries from which the entity derives revenue.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 41
-Subparagraph a
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e9038-108599

+ Details

Name:	us-gaap_RevenueFromExternalCustomersByGeographicAreasTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- 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
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8736-108599

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 25
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8813-108599

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
-Paragraph 1
-URI https://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8906-108599

+ Details

Name:	us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_SegmentReportingAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration