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SEGMENT REPORTING (Tables) | 3 Months Ended
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Mar. 31, 2023
Segment Reporting [Abstract] |
Schedule of Segment Reporting Information | The following table summarizes revenue by the Company's three reportable segments:
| Successor |  |  | Predecessor
| Three Months Ended March 31, 2023 |  |  | Period from January 27, 2022 through March 31, 2022 |  |  | Period from January 1, 2022 through January 26, 2022
Owned and Operated Advertising | $ | 106,025 |  |  |  | $ | 126,884 |  |  |  | $ | 49,249 |
Partner Network | 15,093 |  |  |  | 11,350 |  |  |  | 3,463 |
Subscription | 46,736 |  |  |  | 27,874 |  |  |  | — |
Total revenue | $ | 167,854 |  |  |  | $ | 166,108 |  |  |  | $ | 52,712 |
The following table summarizes adjusted gross profit by the Company's three reportable segments:
| Successor |  |  | Predecessor
| Three Months Ended March 31, 2023 |  |  | Period from January 27, 2022 through March 31, 2022 |  |  | Period from January 1, 2022 through January 26, 2022
Owned and Operated Advertising | $ | 29,839 |  |  |  | $ | 29,418 |  |  |  | $ | 8,768 |
Partner Network | 10,217 |  |  |  | 8,413 |  |  |  | 3,012 |
Subscription | 14,155 |  |  |  | 12,647 |  |  |  | — |
Adjusted gross profit | $ | 54,211 |  |  |  | $ | 50,478 |  |  |  | $ | 11,780 |
Other cost of revenue | 6,759 |  |  |  | 4,754 |  |  |  | 575 |
Salaries and benefits | 38,398 |  |  |  | 48,198 |  |  |  | 31,181 |
Selling, general and administrative | 17,172 |  |  |  | 15,088 |  |  |  | 15,665 |
Depreciation and amortization | 29,374 |  |  |  | 21,928 |  |  |  | 1,000 |
Interest expense, net | 11,451 |  |  |  | 4,776 |  |  |  | 1,049 |
Change in fair value of warrant liabilities | (1,409) |  |  |  | 13,761 |  |  |  | — |
Net loss before income tax | $ | (47,534) |  |  |  | $ | (58,027) |  |  |  | $ | (37,690) |
Schedule of Revenues Disaggregated by Geographic Region | The following table summarizes revenue by geographic region:
| Successor |  |  | Predecessor
Geographic Region | Three Months Ended March 31, 2023 |  |  | Period from January 27, 2022 through March 31, 2022 |  |  | Period from January 1, 2022 through January 26, 2022
United States | $ | 117,199 |  |  |  | $ | 134,608 |  |  |  | $ | 51,701 |
United Kingdom | 46,853 |  |  |  | 27,719 |  |  |  | — |
Other countries | 3,802 |  |  |  | 3,781 |  |  |  | 1,011 |
Total revenue | $ | 167,854 |  |  |  | $ | 166,108 |  |  |  | $ | 52,712 |
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 leases by reportable segments:
| Successor
| March 31, 2023 |  |  | December 31, 2022
Owned and Operated Advertising | $ | 9,269 |  |  |  | $ | 9,646 |
Subscription | 1,250 |  |  |  | 860 |
Total | $ | 10,519 |  |  |  | $ | 10,506 |

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- 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 -Name Accounting Standards Codification -Section 50 -Paragraph 41 -Subparagraph b -SubTopic 10 -Topic 280 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-41 + Details
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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 350 -SubTopic 20 -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482573/350-20-50-1 Reference 2: 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 3: 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 4: 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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