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SEGMENT REPORTING (Tables)

3 Months Ended

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

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

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-Name Accounting Standards Codification
-Section 50
-Paragraph 41
-Subparagraph b
-SubTopic 10
-Topic 280
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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

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-Name Accounting Standards Codification
-Section 50
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-Subparagraph a
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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

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