fuboTV (FUBO) 10-Q 6 Aug 24 2024 Q2 Quarterly report Financial data

Cover

Cover - shares	6 Months Ended
	Jun. 30, 2024	Jul. 31, 2024
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jun. 30, 2024
Document Transition Report	false
Entity File Number	001-39590
Entity Registrant Name	fuboTV Inc. /FL
Entity Incorporation, State or Country Code	FL
Entity Tax Identification Number	26-4330545
Entity Address, Address Line One	1290 Avenue of the Americas
Entity Address, City or Town	New York
Entity Address, State or Province	NY
Entity Address, Postal Zip Code	10104
City Area Code	212
Local Phone Number	672-0055
Title of 12(b) Security	Common Stock, par value $0.0001 per share
Trading Symbol	FUBO
Security Exchange Name	NYSE
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		329,336,621
Document Fiscal Period Focus	Q2
Document Fiscal Year Focus	2024
Current Fiscal Year End Date	--12-31
Entity Central Index Key	0001484769
Amendment Flag	false

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Current assets
Cash and cash equivalents	$ 155,189	$ 245,278
Accounts receivable, net	71,843	80,299
Prepaid sports rights	35,228	39,911
Prepaid and other current assets	18,232	20,804
Assets of discontinued operations	459	462
Total current assets	280,951	386,754
Property and equipment, net	5,788	4,835
Restricted cash	6,139	6,142
Intangible assets, net	147,053	158,448
Goodwill	618,955	622,818
Right-of-use assets	33,861	35,825
Other non-current assets	16,101	17,818
Total assets	1,108,848	1,232,640
Current liabilities
Accounts payable	37,940	74,311
Accrued expenses and other current liabilities	308,157	320,041
Notes payable	6,664	6,323
Deferred revenue	86,340	90,203
Long-term borrowings - current portion	1,286	1,612
Current portion of lease liabilities	5,452	5,247
Liabilities of discontinued operations	19,125	19,608
Total current liabilities	464,964	517,345
Convertible notes, net	352,738	391,748
Lease liabilities	35,243	38,087
Other long-term liabilities	1,672	1,635
Total liabilities	854,617	948,815
COMMITMENTS AND CONTINGENCIES (Note 13)
Shareholders’ equity:
Common stock par value $0.0001: 1,000,000,000 and 800,000,000 shares authorized at June 30, 2024 and December 31, 2023, respectively ; 329,336,621 and 299,215,160 shares issued and outstanding at June 30, 2024 and December 31, 2023, respectively	33	30
Additional paid-in capital	2,194,966	2,136,870
Accumulated deficit	(1,926,824)	(1,845,542)
Non-controlling interest	(12,780)	(11,751)
Accumulated other comprehensive (loss) income	(1,164)	4,218
Total shareholders’ equity	254,231	283,825
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY	$ 1,108,848	$ 1,232,640
Common stock, shares authorized (in shares)	1,000,000,000	800,000,000

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parenthetical) - $ / shares	Jun. 30, 2024	Dec. 31, 2023
Statement of Financial Position [Abstract]
Common stock, par or stated value (in dollars per share)	$ 0.0001	$ 0.0001
Common stock, shares authorized (in shares)	1,000,000,000	800,000,000
Common stock, shares, issued (in shares)	329,336,621	299,215,160
Common stock, shares, outstanding (in shares)	329,336,621	299,215,160

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations and Comprehensive Loss - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Revenues
Total revenues	$ 390,965	$ 312,735	$ 793,312	$ 637,109
Operating expenses
Subscriber related expenses	326,499	270,953	686,669	572,331
Broadcasting and transmission	15,173	18,327	29,673	38,091
Sales and marketing	35,883	33,819	79,063	76,765
Technology and development	19,349	17,778	39,389	36,005
General and administrative	20,217	15,460	38,726	30,137
Depreciation and amortization	9,519	8,913	18,780	17,755
Total operating expenses	426,640	365,250	892,300	771,084
Operating loss	(35,675)	(52,515)	(98,988)	(133,975)
Other income (expense)
Interest expense	(5,563)	(3,442)	(10,819)	(6,815)
Interest income	1,659	2,985	4,186	5,103
Amortization of debt premium (discount), net	268	(645)	521	(1,268)
Gain on extinguishment of debt	12,124	0	21,761	0
Other income (expense)	1,453	(713)	1,389	(857)
Total other income (expense)	9,941	(1,815)	17,038	(3,837)
Loss from continuing operations before income taxes	(25,734)	(54,330)	(81,950)	(137,812)
Income tax (provision) benefit	(99)	121	(212)	235
Net loss from continuing operations	(25,833)	(54,209)	(82,162)	(137,577)
Discontinued operations
Net income (loss) from discontinued operations before income taxes	106	4,259	(149)	4,003
Income tax benefit	0	0	0	0
Net income (loss) from discontinued operations	106	4,259	(149)	4,003
Net loss from continuing operations	(25,727)	(49,950)	(82,311)	(133,574)
Less: Net loss attributable to non-controlling interest	455	10	1,029	21
Net loss attributable to common shareholders	(25,272)	(49,940)	(81,282)	(133,553)
Other comprehensive loss
Foreign currency translation adjustment	(2,367)	(137)	(5,382)	(2,893)
Comprehensive loss attributable to common shareholders	$ (27,639)	$ (50,077)	$ (86,664)	$ (136,446)
Net loss per share attributable to common shareholders
Basic loss per share from continuing operations (in dollars per share)	$ (0.08)	$ (0.19)	$ (0.27)	$ (0.53)
Diluted loss per share from continuing operations (in dollars per share)	(0.08)	(0.19)	(0.27)	(0.53)
Basic loss per share from discontinued operations (in dollars per share)	0	0.02	0	0.02
Diluted loss per share from discontinued operations (in dollars per share)	0	0.02	0	0.02
Basic loss per share (in usd per share)	(0.08)	(0.17)	(0.27)	(0.51)
Diluted loss per share (in usd per share)	$ (0.08)	$ (0.17)	$ (0.27)	$ (0.51)
Weighted average shares outstanding:
Basic (in shares)	311,253,856	291,720,400	305,339,121	258,646,559
Diluted (in shares)	311,253,856	291,720,400	305,339,121	258,646,559
Subscription
Revenues
Total revenues	$ 362,936	$ 288,994	$ 736,650	$ 589,869
Advertising
Revenues
Total revenues	26,285	23,070	53,754	45,791
Other
Revenues
Total revenues	$ 1,744	$ 671	$ 2,908	$ 1,449

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Changes in Shareholders’ Equity (Unaudited) - USD ($) $ in Thousands	Total	Common Stock	Additional Paid-In Capital	Accumulated Deficit	Non-controlling Interest	Accumulated Other Comprehensive Income (Loss)
Beginning balance (in shares) at Dec. 31, 2022		209,684,548
Beginning balance at Dec. 31, 2022	$ 401,682	$ 21	$ 1,972,006	$ (1,558,088)	$ (11,662)	$ (595)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of common stock, net of offering costs (in shares)		71,444,729
Issuance of common stock, net of offering costs	106,057	$ 7	106,050
Exercise of stock options (in shares)		28,663
Exercise of stock options	46		46
Cancellation of escrow shares in connection with Edisn acquisition (in shares)		(12,595)
Cancellation of escrow shares in connection with Edisn acquisition	(344)		(344)
Delivery of common stock underlying restricted stock units (in shares)		454,462
Stock-based compensation	11,738		11,738
Molotov non-controlling interest	(499)		(864)		374	(9)
Foreign currency translation adjustment	2,756					2,756
Net loss attributable to non-controlling interest	(11)				(11)
Net loss attributable to common shareholders	(83,613)			(83,613)
Ending balance at Mar. 31, 2023	437,812	$ 28	2,088,632	(1,641,701)	(11,299)	2,152
Ending balance (in shares) at Mar. 31, 2023		281,599,807
Beginning balance (in shares) at Dec. 31, 2022		209,684,548
Beginning balance at Dec. 31, 2022	401,682	$ 21	1,972,006	(1,558,088)	(11,662)	(595)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net loss attributable to non-controlling interest	(21)
Net loss attributable to common shareholders	(133,553)
Ending balance at Jun. 30, 2023	410,114	$ 29	2,110,746	(1,691,641)	(11,309)	2,289
Ending balance (in shares) at Jun. 30, 2023		292,559,125
Beginning balance (in shares) at Mar. 31, 2023		281,599,807
Beginning balance at Mar. 31, 2023	437,812	$ 28	2,088,632	(1,641,701)	(11,299)	2,152
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of common stock, net of offering costs (in shares)		10,250,000
Issuance of common stock, net of offering costs	10,855	$ 1	10,854
Exercise of stock options (in shares)		161,825
Exercise of stock options	49		49
Delivery of common stock underlying restricted stock units (in shares)		547,493
Stock-based compensation	11,211		11,211
Foreign currency translation adjustment	137					137
Net loss attributable to non-controlling interest	(10)				(10)
Net loss attributable to common shareholders	(49,940)			(49,940)
Ending balance at Jun. 30, 2023	$ 410,114	$ 29	2,110,746	(1,691,641)	(11,309)	2,289
Ending balance (in shares) at Jun. 30, 2023		292,559,125
Beginning balance (in shares) at Dec. 31, 2023	299,215,160	299,215,160
Beginning balance at Dec. 31, 2023	$ 283,825	$ 30	2,136,870	(1,845,542)	(11,751)	4,218
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Exercise of stock options (in shares)		2,042
Exercise of stock options	2		2
Delivery of common stock underlying restricted stock units (in shares)		507,198
Stock-based compensation	11,873		11,873
Foreign currency translation adjustment	(3,015)					(3,015)
Net loss attributable to non-controlling interest	(574)				(574)
Net loss attributable to common shareholders	(56,010)			(56,010)
Ending balance at Mar. 31, 2024	$ 236,101	$ 30	2,148,745	(1,901,552)	(12,325)	1,203
Ending balance (in shares) at Mar. 31, 2024		299,724,400
Beginning balance (in shares) at Dec. 31, 2023	299,215,160	299,215,160
Beginning balance at Dec. 31, 2023	$ 283,825	$ 30	2,136,870	(1,845,542)	(11,751)	4,218
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Exercise of stock options (in shares)	4,042
Net loss attributable to non-controlling interest	$ (1,029)
Net loss attributable to common shareholders	(81,282)
Ending balance at Jun. 30, 2024	$ 254,231	$ 33	2,194,966	(1,926,824)	(12,780)	(1,164)
Ending balance (in shares) at Jun. 30, 2024	329,336,621	329,336,621
Beginning balance (in shares) at Mar. 31, 2024		299,724,400
Beginning balance at Mar. 31, 2024	$ 236,101	$ 30	2,148,745	(1,901,552)	(12,325)	1,203
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of common stock, net of offering costs (in shares)		28,791,969
Issuance of common stock, net of offering costs	36,838	$ 3	36,835
Exercise of stock options (in shares)		2,000
Exercise of stock options	1		1
Delivery of common stock underlying restricted stock units (in shares)		818,252
Stock-based compensation	9,385		9,385
Foreign currency translation adjustment	(2,367)					(2,367)
Net loss attributable to non-controlling interest	(455)				(455)
Net loss attributable to common shareholders	(25,272)			(25,272)
Ending balance at Jun. 30, 2024	$ 254,231	$ 33	$ 2,194,966	$ (1,926,824)	$ (12,780)	$ (1,164)
Ending balance (in shares) at Jun. 30, 2024	329,336,621	329,336,621

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Cash flows from operating activities
Net loss from continuing operations	$ (82,311)	$ (133,574)
Less: Net income (loss) from discontinued operations, net of tax	(149)	4,003
Net loss from continuing operations	(82,162)	(137,577)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization	18,780	17,755
Stock-based compensation	23,285	26,744
Amortization of debt (premium) discount, net	(521)	1,268
Gain on extinguishment of debt	(21,761)	0
Deferred income tax provision (benefit)	212	(235)
Amortization of right-of-use assets	1,964	1,359
Other adjustments	341	319
Changes in operating assets and liabilities of business:
Accounts receivable, net	8,383	(4,828)
Prepaid expenses and other assets	3,736	(5,169)
Prepaid sports rights	4,862	1,127
Accounts payable	(37,133)	(20,716)
Accrued expenses and other liabilities	(12,518)	(22,845)
Deferred revenue	(3,812)	(4,659)
Lease liabilities	(2,576)	(610)
Net cash used in operating activities - continuing operations	(98,920)	(148,067)
Net cash used in operating activities - discontinued operations	(629)	(1,232)
Net cash used in operating activities	(99,549)	(149,299)
Cash flows from investing activities
Purchases of property and equipment	(316)	(267)
Capitalization of internal use software	(6,830)	(8,404)
Purchase of intangible assets	(540)	0
Net cash used in investing activities	(7,686)	(8,671)
Cash flows from financing activities
Proceeds from the issuance of common stock, net of offering costs	36,860	116,903
Redemption of non-controlling interest	0	(2,147)
Repurchase of convertible notes	(14,657)	0
Vested restricted stock units settled for cash	(181)	(125)
Payments for financing costs	(4,657)	0
Proceeds from exercise of stock options	3	95
Repayments of notes payable and long-term borrowings	(225)	(326)
Net cash provided by financing activities	17,143	114,400
Net decrease in cash, cash equivalents and restricted cash	(90,092)	(43,570)
Cash, cash equivalents and restricted cash at beginning of period	251,420	343,226
Cash, cash equivalents and restricted cash at end of period	161,328	299,656
Supplemental disclosure of cash flows information:
Interest paid	5,094	6,579
Income taxes paid	120	6
Non-cash financing and investing activities:
Accrued expenses - issuance of common stock	37	9
Accounts payable - financing costs	25	0
Accounts payable - purchases of property and equipment	$ 1,374	$ 0

Organization and Nature of Busi

Organization and Nature of Business	6 Months Ended
	Jun. 30, 2024
Accounting Policies [Abstract]
Organization and Nature of Business	Organization and Nature of Business Incorporation fuboTV Inc. (“Fubo” or the “Company”) was incorporated under the laws of the State of Florida in February 2009 under the name York Entertainment, Inc. The Company changed its name to FaceBank Group, Inc. on September 30, 2019. On August 10, 2020, the Company changed its name to fuboTV Inc. and as of May 1, 2020, the Company’s trading symbol was changed from “FBNK” to “FUBO.” The Company’s common stock was approved for listing on the New York Stock Exchange (“NYSE”) in connection with a public offering in October 2020 and commenced trading on the NYSE on October 8, 2020. Unless the context otherwise requires, “Fubo,” “we,” “us,” “our,” and the “Company” refers to the Company and its subsidiaries on a consolidated basis. Nature of Business The Company is principally focused on offering consumers a leading live TV streaming platform for sports, news, and entertainment through its streaming platform. The Company’s revenues are almost entirely derived from the sale of subscription services and the sale of advertisements in the United States, though the Company has expanded into several international markets, with operations in Canada, Spain and France. The Company’s subscription-based streaming services are offered to consumers who can sign-up for accounts through which the Company provides basic plans with the flexibility for consumers to purchase incremental features that include additional content or enhanced functionality best suited for them. Besides the website, consumers can also sign-up via some TV-connected devices. The Fubo platform provides a broad suite of unique features and personalization tools such as multi-channel viewing capabilities, favorites lists and a dynamic recommendation engine, as well as 4K streaming and Cloud DVR offerings.

Liquidity, Going Concern and Ma

Liquidity, Going Concern and Management Plans	6 Months Ended
	Jun. 30, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Liquidity, Going Concern and Management Plans	Liquidity, Going Concern and Management Plans The accompanying unaudited condensed consolidated financial statements have been prepared assuming that the Company will continue as a going concern, which contemplates the continuity of operations, realization of assets, and liquidation of liabilities in the normal course of business. The Company had cash and cash equivalents and restricted cash of $161.3 million (excluding discontinued operations), a working capital deficit (excluding discontinued operations) of $165.3 million and an accumulated deficit of $1,926.8 million as of June 30, 2024. The Company incurred a net loss from continuing operations of $25.8 million and $82.2 million for the three and six months ended June 30, 2024, respectively. Since inception, the Company’s operations have been financed primarily through the sale of equity and debt securities. The Company has incurred losses from operations and negative cash flows from operating activities since inception and expects to incur substantial losses. As discussed further in Note 12, during the six months ended June 30, 2024, the Company received net proceeds of approximately $36.9 million (after deducting $0.8 million in commissions and expenses) from sale of 28,791,969 shares of its common stock, at a weighted average gross sales price of $1.31 per share pursuant to an at-the-market sales agreement with its sales agents. As discussed further in Note 10, during the six months ended June 30, 2024, the Company completed the repurchase of $27.1 million principal amount of the 2026 Notes for $15.0 million, including accrued interest. An additional $19.9 million principal amount was repurchased for $12.1 million including accrued interest that settled in July 2024. The Company believes that its current cash and cash equivalents provide it with the necessary liquidity to continue as a going concern for at least one year from the date of issuance of these financial statements. Our future capital requirements and the adequacy of our available funds will depend on many factors, including our ability to successfully attract and retain subscribers and compete in a rapidly changing market with many competitors, actions by certain competitors that we assert are anticompetitive (see Note 13 - Commitments and Contingencies - Legal Proceedings), and our ability to repay or restructure our outstanding debt upon or prior to their maturities. In addition to the foregoing, the Company cannot predict the potential impact on its development timelines, revenue levels and its liquidity due to macroeconomic factors, including inflationary cost pressures and potential recession indicators, which depend on factors beyond the Company's knowledge or control. Based upon the Company’s current assessment, it does not expect the impact of macroeconomic factors to materially impact the Company’s operations. However, the Company is continuing to assess the impact that the macroeconomic factors may have on its operations, financial condition and liquidity.

Summary of Significant Accounti

Summary of Significant Accounting Policies	6 Months Ended
	Jun. 30, 2024
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	Summary of Significant Accounting Policies Principles of Consolidation and Basis of Presentation The Company’s consolidated financial statements include the accounts of the Company and the accounts of the Company’s wholly-owned subsidiaries, its non-wholly owned subsidiaries where the Company has a controlling interest and variable interest entities ("VIE") formed in connection with the Company's collaboration with Maximum Effort on the launch and distribution of the Maximum Effort Channel, and production and development of original programming (the "MEC Entities"). Generally accepted accounting principles require that if an entity is the primary beneficiary of a VIE, the entity should consolidate the assets, liabilities and results of operations of the VIE in its consolidated financial statements. The primary beneficiary is the party that has both of the following: (i) the power to direct the activities that most significantly impact the economic performance of the VIE, and (ii) the obligation to absorb the losses or rights to receive the benefits of the entity that could potentially be significant to the VIE. The Company considers itself to be the primary beneficiary of the MEC Entities and accordingly, has consolidated these entities since their formation in 2023, with the equity interests of the unaffiliated investors presented as non-controlling interests in the accompanying condensed consolidated financial statements. All intercompany balances and transactions have been eliminated in consolidation. At June 30, 2024 and December 31, 2023, total assets of the consolidated VIE were $11.8 million and $13.5 million, respectively, and total liabilities of the consolidated VIE were $1.7 million and $3.0 million, respectively, and are reflected in the Company's consolidated balance sheets. The accompanying unaudited condensed consolidated financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America (“GAAP” or “U.S. GAAP”) for interim financial information and pursuant to the instructions to Form 10-Q. In the opinion of management, the accompanying unaudited condensed consolidated financial statements reflect all adjustments, consisting of normal recurring adjustments considered necessary for a fair presentation of such interim results. Unless otherwise indicated, amounts provided in these notes pertain to continuing operations only (see Note 4 for information on discontinued operations). The results for the unaudited condensed consolidated statement of operations and comprehensive loss are not necessarily indicative of results to be expected for the year ending December 31, 2024 or for any future interim period. The condensed consolidated balance sheet as of December 31, 2023 has been derived from the audited financial statements; however, it does not include all of the information and notes required by U.S. GAAP for complete financial statements. The accompanying unaudited condensed consolidated financial statements should be read in conjunction with the consolidated financial statements for the year ended December 31, 2023 and notes thereto included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2023, filed with the Securities and Exchange Commission (“SEC”) on March 4, 2024. Use of Estimates The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Management bases its estimates on historical experience and on various other assumptions it believes to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities. Actual results could differ from those estimates. Those estimates and assumptions include useful lives of property and equipment and intangible assets, recoverability of goodwill and intangible assets, accruals for contingent liabilities, equity instruments issued in share-based payment arrangements, and accounting for income taxes, including the valuation allowance on deferred tax assets. Cash, Cash Equivalents and Restricted Cash The Company considers all highly liquid investments with remaining maturities at the date of purchase of three months or less to be cash equivalents, including balances held in the Company’s money market accounts. Restricted cash primarily represents cash on deposit with financial institutions in support of a letter of credit outstanding in favor of the Company’s landlord for office space. The restricted cash balance has been excluded from the cash balance and is classified as restricted cash on the condensed consolidated balance sheets. The following table provides a reconciliation of cash, cash equivalents and restricted cash within the condensed consolidated balance sheets that sum to the total of the same on the condensed consolidated statement of cash flows (in thousands): June 30, 2024 December 31, 2023 Cash and cash equivalents $ 155,189 $ 245,278 Restricted cash 6,139 6,142 Total cash, cash equivalents and restricted cash $ 161,328 $ 251,420 Certain Risks and Concentrations Financial instruments that potentially subject the Company to concentrations of credit risk consist primarily of demand deposits and accounts receivable. The Company maintains cash deposits with financial institutions that at times exceed applicable insurance limits. The majority of the Company’s software and computer systems utilize data processing, storage capabilities and other services provided by Google Cloud Platform and Amazon Web Services, which cannot be easily switched to another cloud service provider. As such, any disruption of the Company’s interference with Google Cloud Platform and Amazon Web Services could adversely impact the Company’s operations and business. Segment and Reporting Unit Information Operating segments are defined as components of an entity for which discrete financial information is available that is regularly reviewed by the Chief Operating Decision Maker (“CODM”) in deciding how to allocate resources to an individual segment and in assessing performance. The Company’s Chief Executive Officer is determined to be the CODM. The CODM reviews financial information and makes resource allocation decisions at the consolidated group level. The Company has one operating segment as of June 30, 2024, the streaming business. Significant Accounting Policies For a detailed discussion of the Company’s significant accounting policies, see Note 3 to the consolidated financial statements for the year ended December 31, 2023, included in the Company’s Annual Report. Net Loss Per Share Basic net loss per share is computed by dividing net loss available to common shareholders by the weighted average number of common shares outstanding during the period. The following table presents the calculation of basic and diluted net loss per share (in thousands, except shares and per share data): Three Months Ended Six Months Ended 2024 2023 2024 2023 Basic loss per share: Net loss from continuing operations $ (25,833) $ (54,209) $ (82,162) $ (137,577) Less: net loss attributable to non-controlling interest 455 10 1,029 21 Net loss from continuing operations available to common shareholders (25,378) (54,199) (81,133) (137,556) Net income (loss) from discontinued operations, net of tax 106 4,259 (149) 4,003 Net loss attributable to common shareholders $ (25,272) $ (49,940) $ (81,282) $ (133,553) Shares used in computation: Weighted-average common shares outstanding 311,253,856 291,720,400 305,339,121 258,646,559 Basic and diluted loss per share from continuing operations $ (0.08) $ (0.19) $ (0.27) $ (0.53) Basic and diluted loss per share from discontinued operations $ — $ 0.02 $ — $ 0.02 Basic and diluted loss per share $ (0.08) $ (0.17) $ (0.27) $ (0.51) The following common share equivalents are excluded from the calculation of weighted average common shares outstanding because their inclusion would have been anti-dilutive: June 30, 2024 2023 Warrants to purchase common stock 166,670 166,670 Stock options 18,859,624 19,192,053 Unvested restricted stock units 23,066,094 14,210,700 Convertible notes variable settlement feature 49,115,898 6,966,078 Total 91,208,286 40,535,501 Recently Issued Accounting Standards The Company continually assesses any new accounting pronouncements to determine their applicability. When it is determined that a new accounting pronouncement affects the Company’s financial reporting, the Company undertakes a study to determine the consequences of the change to its financial statements and assures that there are proper controls in place to ascertain that the Company’s financial statements properly reflect the change. In November 2023, the FASB issued ASU No. 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures. The ASU requires disclosures to include significant segment expenses that are regularly provided to the chief operating decision maker, among other provisions. The ASU is effective for fiscal year periods beginning after December 15, 2023, and interim periods within fiscal years beginning after December 15, 2024. Early adoption is permitted and the ASU requires retrospective application to all prior periods presented in the financial statements. The Company is currently evaluating the standard to determine the impact of adoption to its consolidated financial statements and disclosures. In December 2023, the FASB issued ASU 2023-09, Income Taxes (Topic 740): Improvement to Income Tax Disclosures to enhance the transparency and decision usefulness of income tax disclosures. The ASU primarily enhances and expands both the income tax rate reconciliation disclosure and the income taxes paid disclosure. The amendments in ASU 2023-09 address investor requests for enhanced income tax information primarily through changes to the rate reconciliation and income taxes paid information. Early adoption is permitted. A public entity should apply the amendments in ASU 2023-09 prospectively to all annual periods beginning after December 15, 2024. The Company is currently evaluating the impact of this standard on our consolidated financial statements and related disclosures.

Discontinued Operations

Discontinued Operations	6 Months Ended
	Jun. 30, 2024
Discontinued Operations and Disposal Groups [Abstract]
Discontinued Operations	Discontinued Operations Dissolution of Fubo Gaming On October 17, 2022, the Company dissolved its wholly owned subsidiary Fubo Gaming Inc. ("Fubo Gaming"). In connection with the dissolution of Fubo Gaming, the Company concurrently ceased operation of Fubo Sportsbook. Net income (loss) from Fubo Gaming's discontinued operations consists of the following for the three and six months ended June 30, 2024 and 2023 (in thousands): For the Three Months Ended Six Months Ended 2024 2023 2024 2023 Revenues Wagering $ — $ — $ — $ — Total revenues — — — — Operating expenses Sales and marketing — — — (59) Technology and development — — — 17 General and administrative 24 481 279 746 Gain on extinguishment of liabilities (130) (4,740) (130) (4,740) Impairment of goodwill, intangible assets, and other long-lived assets, net — — — 33 Total operating expenses (106) (4,259) 149 (4,003) Operating income (loss) 106 4,259 (149) 4,003 Net income (loss) from discontinued operations before income taxes 106 4,259 (149) 4,003 Income tax benefit — — — — Net income (loss) from discontinued operations 106 4,259 (149) 4,003

Revenue from Contracts with Cus

Revenue from Contracts with Customers	6 Months Ended
	Jun. 30, 2024
Revenue from Contract with Customer [Abstract]
Revenue from Contracts with Customers	Revenue from Contracts with Customers Disaggregated revenue The following tables summarize subscription revenue and advertising revenue by region for the three and six months ended June 30, 2024 and 2023 (in thousands): Subscription Three Months Ended Six Months Ended 2024 2023 2024 2023 United States and Canada (North America) $ 354,887 $ 281,088 $ 720,457 $ 574,346 Rest of world 8,049 7,906 16,193 15,523 Total subscription revenues $ 362,936 $ 288,994 $ 736,650 $ 589,869 Advertising Three Months Ended Six Months Ended 2024 2023 2024 2023 United States and Canada (North America) $ 26,028 $ 22,820 $ 53,253 $ 45,335 Rest of world 257 250 501 456 Total advertising revenues $ 26,285 $ 23,070 $ 53,754 $ 45,791 Contract balances For the three and six months ended June 30, 2024 and 2023, the Company did not recognize material bad-debt expense and there were no material contract assets recorded on the accompanying condensed consolidated balance sheets as of June 30, 2024 and December 31, 2023. The Company’s contract liabilities primarily relate to upfront payments and consideration received from customers for subscription services. As of June 30, 2024, and December 31, 2023, the Company’s contract liabilities totaled approximately $86.3 million and $90.2 million, respectively, and are recorded as deferred revenue on the accompanying condensed consolidated balance sheets. Transaction price allocated to remaining performance obligations The Company does not disclose the transaction price allocated to remaining performance obligations since subscription and advertising contracts have an original expected term of one year or less.

Property and equipment, net

Property and equipment, net	6 Months Ended
	Jun. 30, 2024
Property, Plant and Equipment [Abstract]
Property and equipment, net	Property and equipment, net The table below summarizes the Company’s property and equipment, net at June 30, 2024 and December 31, 2023 (in thousands): Useful Life June 30, 2024 December 31, 2023 Furniture and fixtures 5 $ 533 $ 532 Computer equipment 3-5 5,582 3,949 Leasehold improvements Term of lease 5,314 5,302 11,429 9,783 Less: Accumulated depreciation (5,641) (4,948) Total property and equipment, net $ 5,788 $ 4,835 Depreciation expense totaled approximately $0.3 million and $0.4 million for the three months ended June 30, 2024 and 2023, respectively. Depreciation expense totaled approximately $0.7 million and $0.8 million for the six months ended June 30, 2024 and 2023, respectively.

Intangible Assets and Goodwill

Intangible Assets and Goodwill	6 Months Ended
	Jun. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract]
Intangible Assets and Goodwill	Intangible Assets and Goodwill Intangible Assets The tables below summarize the Company’s intangible assets at June 30, 2024 and December 31, 2023 (in thousands): Useful Weighted June 30, 2024 Intangible Assets Accumulated Amortization Net Balance Trade names 2 - 9 4.7 38,840 (18,680) 20,160 Capitalized internal use software 3 2.0 32,600 (10,488) 22,112 Software and technology 3 - 9 4.6 195,893 (91,112) 104,781 Total $ 267,333 $ (120,280) $ 147,053 Useful Weighted December 31, 2023 Intangible Assets Accumulated Amortization Net Balance Customer relationships 2 0.0 $ 32,729 $ (32,729) $ — Trade names 2 - 9 5.2 38,859 (16,578) 22,281 Capitalized internal use software 3 2.3 25,770 (5,893) 19,877 Software and technology 3 - 9 5.1 196,136 (79,846) 116,290 Total $ 293,494 $ (135,046) $ 158,448 The intangible assets are being amortized over their respective original useful lives, which range from two The estimated future amortization expense associated with intangible assets, net is as follows (in thousands): Year ended December 31, Future Amortization 2024 $ 18,850 2025 35,938 2026 33,554 2027 27,527 2028 25,075 Thereafter 6,109 Total $ 147,053 Goodwill The following table is a summary of the changes to goodwill for the six months ended June 30, 2024 (in thousands): Balance - December 31, 2023 $ 622,818 Foreign currency translation adjustment (3,863) Balance - June 30, 2024 $ 618,955 Since December 31, 2023, the Company experienced sustained decreases in its stock price and market capitalization. As a result, the Company conducted an impairment test of its goodwill and long-lived assets as of March 31, 2024. The Company estimated the fair value by weighting results from a market approach and an income approach. Significant assumptions inherent in the valuation methodologies included, but are not limited to, prospective financial information (including revenue growth and subscriber related expenses), a long-term growth rate, discount rate, and comparable multiples from publicly-traded companies in the same industry. The results of the impairment test showed that the fair value was in excess of its carrying value. During the three months ended June 30, 2024, the Company determined there were no triggering events that could potentially cause the fair value of the Company to fall below carrying value. As of June 30, 2024, goodwill includes an accumulated impairment charge of $148.1 million.

Accounts Payable, Accrued Expen

Accounts Payable, Accrued Expenses, and Other Liabilities	6 Months Ended
	Jun. 30, 2024
Payables and Accruals [Abstract]
Accounts Payable, Accrued Expenses, and Other Liabilities	Accounts Payable, Accrued Expenses, and Other Liabilities Accounts payable, accrued expenses, and other liabilities are presented below (in thousands): June 30, 2024 December 31, 2023 Affiliate fees $ 231,260 $ 266,089 Broadcasting and transmission 12,619 13,097 Selling and marketing 12,408 33,925 Accrued compensation 9,551 13,218 Legal and professional fees 7,252 3,672 Sales tax 46,574 42,590 Accrued interest 7,498 4,671 Subscriber related 2,223 1,624 Shares settled liability 6,977 5,131 Other 11,407 11,970 Total $ 347,769 $ 395,987

Income Taxes

Income Taxes	6 Months Ended
	Jun. 30, 2024
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes The following table presents income tax (provision) benefit for income taxes (in thousands, except for effective tax rate): Three Months Ended Six Months Ended 2024 2023 2024 2023 Income tax (provision) benefit (99) 121 (212) 235 Effective tax rate (0.38) % 0.22 % (0.26) % 0.17 % The Company’s effective tax rates on continuing operations were lower than the U.S. statutory rate of 21% as no tax benefit was provided on current year operating losses primarily due to valuation allowances recorded against certain of the Company’s deferred tax assets.

Notes Payable, Long-Term Borrow

Notes Payable, Long-Term Borrowing, and Convertible Notes	6 Months Ended
	Jun. 30, 2024
Debt Disclosure [Abstract]
Notes Payable, Long-Term Borrowing, and Convertible Notes	Notes Payable, Long-Term Borrowing, and Convertible Notes Notes payable, long-term borrowing, and convertible notes as of June 30, 2024 and December 31, 2023 consist of the following (in thousands, except stated interest rate): Note Stated Interest Rate Principal Balance Capitalized Interest Debt Premium (Discount) June 30, 2026 Convertible Notes 3.25% $ 164,639 $ — $ (1,841) $ 162,798 2029 Convertible Notes 7.5% 177,506 — 12,434 $ 189,940 Note payable 10.0% 2,700 3,925 — 6,625 Bpifrance 2.25% 1,286 — — 1,286 Other 4.0% 30 9 — 39 $ 346,161 $ 3,934 $ 10,593 $ 360,688 Note Stated Interest Rate Principal Balance Capitalized Interest Debt Discount December 31, 2026 Convertible Notes 3.25% $ 397,500 $ — $ (5,752) $ 391,748 Note payable 10.0% 2,700 3,585 — $ 6,285 Bpifrance 2.25% 1,612 — — $ 1,612 Other 4.0% 30 8 — 38 $ 401,842 $ 3,593 $ (5,752) $ 399,683 2026 Convertible Notes On February 2, 2021, the Company issued $402.5 million of convertible notes (“2026 Convertible Notes”). The 2026 Convertible Notes bear interest from February 2, 2021, at a rate of 3.25% per annum, payable semi-annually in arrears on February 15 and August 15 of each year, beginning on August 15, 2021. The 2026 Convertible Notes will mature on February 15, 2026, unless earlier converted, redeemed, or repurchased. The net proceeds from this offering were approximately $389.4 million, after deducting a discount and offering expenses of approximately $13.1 million. The Company accounts for the 2026 Convertible Notes under ASU 2020-06 as single liability measured at amortized cost. The Company did not elect the fair value option. The initial equivalent conversion price of the 2026 Convertible Notes was $57.78 per share of the Company’s common stock. Holders may convert their 2026 Convertible Notes on or after November 15, 2025, until the close of business on the second business day preceding the maturity date or prior to November 15, 2025 under certain circumstances including: (i) during any calendar quarter (and only during such calendar quarter) commencing after the calendar quarter ended on March 31, 2021, if the last reported sale price of the Company’s common stock for at least 20 trading days (whether or not consecutive) during a period of 30 consecutive trading days ending on the last trading day of the immediately preceding calendar quarter is greater than or equal to 130% of the conversion price on each applicable trading day; (ii) during the five-business day period after any five consecutive trading day period in which the trading price for each trading day of such five consecutive trading day period was less than 98% of the product of the last reported sale price of the Company’s common stock and the conversion rate on each such trading day; (iii) if the Company calls any or all of the 2026 Convertible Notes for redemption, at any time prior to the close of business on the second scheduled trading day immediately preceding the redemption date; or (iv) upon the occurrence of specified corporate events. The Company may also redeem all or any portion of the 2026 Convertible Notes after February 20, 2024 if the last reported sale price of the Company’s common stock has been at least 130% of the conversion price then in effect for at least 20 trading days during any 30 consecutive trading day period ending on, and including, the trading day immediately preceding the date on which the Company provides notice of redemption at a redemption price equal to 100% of the principal amount of the 2026 Convertible Notes to be redeemed, plus accrued and unpaid interest to, but excluding, the redemption date. Upon conversion, the Company can elect to deliver cash or shares or a combination of cash or shares. If the Company undergoes a fundamental change (as defined in the Indenture), subject to certain conditions, holders of the 2026 Convertible Notes may require the Company to repurchase for cash all or any portion of their 2026 Convertible Notes at a repurchase price equal to 100% of the principal amount of the 2026 Convertible Notes plus any accrued and unpaid interest. In addition, if a corporate event (as defined in the Indenture) occurs prior to the maturity date or if the Company issues a notice of redemption, the Company may be required increase the conversion rate by a pre-defined amount for any holder who elects to convert their 2026 Convertible Notes in connection with such a corporate event. During the three and six months ended June 30, 2024, the Company completed the repurchase of $27.0 million principal amount of the 2026 Convertible Notes with a net book value of $26.7 million for $14.7 million resulting in a gain of $12.1 million and is included in gain on extinguishment of debt in the condensed consolidated statements of operations and comprehensive loss. During the three months ended June 30, 2024, the Company paid approximately $0.3 million of interest expense, in connection with the 2026 Convertible Notes. During the three months ended June 30, 2024 and 2023, the Company recorded amortization expense of $0.3 million and $0.6 million, respectively, included in amortization of debt premium (discount), net in the condensed consolidated statements of operations and comprehensive loss. During the six months ended June 30, 2024 and 2023, the Company paid approximately $3.4 million and $6.5 million of interest expense, respectively, in connection with the 2026 Convertible Notes and recorded amortization expense of $0.6 million and $1.3 million, respectively, included in amortization of debt premium (discount), net in the condensed consolidated statements of operations and comprehensive loss. As of June 30, 2024, following the Exchange (defined below) and the repurchase described above, there is $164.6 million aggregate principal amount of 2026 Convertible Notes outstanding. The fair value (Level 2) of the 2026 Convertible Notes was $98.2 million and $288.2 million as of June 30, 2024 and December 31, 2023, respectively. 2029 Convertible Notes On December 29, 2023, the Company entered into a privately negotiated exchange agreement with certain affiliates and related funds of Mudrick Capital Management, L.P., which were holders of its existing 2026 Convertible Notes, to exchange $205.8 million principal amount of the 2026 Convertible Notes for $177.5 million in aggregate principal amount of the Company’s new convertible senior secured notes due 2029 (the “2029 Notes”), subject to customary closing conditions (the "Exchange"). The Exchange closed on January 2, 2024, when the 2029 Notes were issued pursuant to, and are governed by, an indenture, dated as of January 2, 2024, among the Company, the guarantors identified therein and U.S. Bank Trust Company, National Association, as trustee and collateral agent. At our election for any interest period, the 2029 Notes will bear interest at a rate of (i) 7.5% per annum on the principal amount thereof if interest is paid in cash and (ii) 10.0% per annum on the principal amount thereof if interest is paid in kind, in each case payable semi-annually in arrears on February 15 and August 15 of each year, beginning on February 15, 2024. The 2029 Notes will mature on February 15, 2029, unless earlier converted or repurchased. The initial conversion rate of the 2029 Notes is 260.6474 shares of common stock per $1,000 principal amount of 2029 Notes, which represents an initial conversion price of approximately $3.84 per share of common stock. Holders may convert their 2029 Notes at their option in the following circumstances: (i) during any calendar quarter commencing after the calendar quarter ending on March 31, 2024 (and only during such calendar quarter), if the last reported sale price per share of common stock is greater than or equal to 130% of the conversion price for each of at least 20 trading days, whether or not consecutive, during the 30 consecutive trading days ending on, and including, the last trading day of the immediately preceding calendar quarter; (ii) during the five five five (iii) upon the occurrence of certain corporate events or distributions on the Company’s common stock, as provided in the Indenture; and (iv) on or after November 15, 2028 until the close of business on the second scheduled trading day immediately before the Maturity Date. The Company may cause all outstanding 2029 Notes to be automatically converted, subject to certain conditions, if, at any time on or after January 2, 2025, the last reported sale price of the Company’s common stock has been at least 200% of the conversion price then in effect for at least 20 trading days (whether or not consecutive) during any 30 consecutive trading day period, the last of which 20 trading days is no more than 10 trading days before the date that the Company provides the notice of forced conversion. Upon the occurrence of a fundamental change (as defined in the Indenture), holders of the 2029 Notes may require the Company to repurchase their 2029 Notes at a cash repurchase price equal to the principal amount of the 2029 Notes to be repurchased, plus accrued and unpaid interest, if any, to, but excluding, the fundamental change repurchase date. The definition of fundamental change includes certain business combination transactions involving the Company and certain de-listing events with respect to the Company’s common stock. The 2029 Notes were initially recorded at fair value. The Company recognized the difference between the fair value of the 2029 Notes and the carrying value of the exchanged 2026 Notes as a gain on the extinguishment debt. The Company incurred $4.2 million of financing costs that have been capitalized on the balance sheet and are being amortized over the life of the 2029 Notes. During the three months ended June 30, 2024, the Company recorded income of $0.6 million included in amortization of debt premium (discount), net in the condensed consolidated statements of operations and comprehensive loss. During the six months ended June 30, 2024, the Company paid approximately $1.6 million of interest expense in connection with the 2029 Convertible Notes and recorded amortization income of $1.1 million included in amortization of debt premium (discount), net in the condensed consolidated statements of operations and comprehensive loss. The fair value (Level 2) of the 2029 Convertible Notes was $151.3 million as of June 30, 2024. Note payable The Company has recognized, through the consolidation of its subsidiary Evolution AI Corporation (“EAI”), a $2.7 million note payable bearing interest at the rate of 10% per annum that was due on October 1, 2018 (“CAM Digital Note”). The cumulative accrued interest on the CAM Digital Note amounts to $3.6 million. The CAM Digital Note is currently in a default condition due to non-payment of principal and interest. The outstanding balance as of June 30, 2024 and December 31, 2023, including interest and penalties, is $6.6 million and $6.3 million, respectively, and is included in notes payable on the accompanying condensed consolidated balance sheets. Bpifrance In December 2021, the Company assumed through the acquisition of Molotov, $3.7 million in notes bearing interest rates of 2.25% per annum. During the six months ended June 30, 2024 and 2023, the Company made principal payments of $0.3 million. As of June 30, 2024 and December 31, 2023, the principal balance totaled approximately $1.3 million and $1.6 million, respectively, and is included in long-term borrowings-current portion on the accompanying condensed consolidated balance sheet. Other The Company assumed, through the consolidation of its subsidiary EAI, a $30,000 note payable due to a relative of the former Chief Executive Officer, John Textor bearing interest at the rate of 4.0% per annum. As of June 30, 2024 and December 31, 2023, the principal balance and accrued interest totaled approximately $39,000 and $38,000, respectively, and is included in notes payable on the accompanying condensed consolidated balance sheet.

Fair Value Measurements

Fair Value Measurements	6 Months Ended
	Jun. 30, 2024
Fair Value Disclosures [Abstract]
Fair Value Measurements	Fair Value Measurements The Company’s assets measured at fair value on a recurring basis consisted of the following as of June 30, 2024, and December 31, 2023 (in thousands): Fair value measured at June 30, 2024 Quoted Significant Significant Total Financial assets at fair value: Cash and cash equivalents Money market securities and time deposits $ 112,538 $ — $ — $ 112,538 Total financial assets at fair value $ 112,538 $ — $ — $ 112,538 Fair value measured at December 31, 2023 Quoted Significant Significant Total Financial assets at fair value: Cash and cash equivalents Money market securities $ 205,074 $ — $ — $ 205,074 Total financial assets at fair value $ 205,074 $ — $ — $ 205,074 There were no liabilities from continuing operations measured at fair value as of June 30, 2024 and December 31, 2023.

Shareholders_ Equity

Shareholders’ Equity	6 Months Ended
	Jun. 30, 2024
Equity [Abstract]
Shareholders’ Equity	Shareholders’ Equity At-the-Market Sales Agreement On August 4, 2022, the Company entered into an at-the-market sales agreement (the "Sales Agreement") with Evercore Group L.L.C., Citigroup Global Markets Inc., Morgan Stanley & Co. LLC and Needham & Company, LLC, as sales agents (each, a “manager” and together, the “managers”) pursuant to which the Company may, from time to time, sell shares of its common stock, having an aggregate offering price of up to $350.0 million through the managers. Upon delivery of a placement notice and subject to the terms and conditions of the Sales Agreement, the managers may sell the shares by methods deemed to be an “at-the-market” offering as defined in Rule 415(a)(4) promulgated under the Securities Act of 1933, as amended. Subject to the terms and conditions of the Sales Agreement, each manager will use commercially reasonable efforts consistent with its normal trading and sales practices to sell the shares from time to time, based upon the Company’s instructions. The Company will pay the managers a commission for their services in acting as agents in the sale of common stock at a commission rate of up to 3% of the gross sales price of the shares of the Company’s common stock sold through them pursuant to the Sales Agreement. The Company is not obligated to, and cannot provide any assurances that it will, make any sales of the shares under the Sales Agreement. The offering of shares of common stock pursuant to the Sales Agreement will terminate upon the earlier of (i) the sale of all common stock subject to the Sales Agreement or (ii) termination of the Sales Agreement in accordance with its terms. During the six months ended June 30, 2024, the Company sold 28,791,969 shares of its common stock under the ATM Program at a weighted average gross sales price of $1.31 and received net proceeds of approximately $36.9 million (after deducting $0.8 million in commissions and expenses). As of June 30, 2024 , there was $118.7 million remaining available for sale under the Sales Agreement. Framework Agreement with MEP FTV On August 2, 2022 (the "MEP Effective Date"), Fubo Studios Inc. (formerly known as Fubo Entertainment Inc.), a subsidiary of the Company, entered into a binding framework agreement (the “MEP Framework Agreement”) with MEP FTV Holdings, LLC (“MEP FTV”) and Maximum Effort Productions, LLC. (“MEP” and, together with MEP FTV, “Maximum Effort”), memorializing the parties’ collaboration on a forthcoming Maximum Effort linear channel and original programming for launch on Fubo. Maximum Effort is a premiere entertainment production company led by Ryan Reynolds and George Dewey. Pursuant to the MEP Framework Agreement, the Company and Maximum Effort desire to work together to (1) develop scripted and unscripted television programs intended for initial distribution on Fubo’s platform (the “MEP Projects”) and (2) create a new television channel with unique content, features and functionality (the “MEP Network”). In connection with the MEP Framework Agreement, as consideration for Maximum Effort’s participation in the collaboration, the Company entered into a Restricted Stock Award Agreement dated August 12, 2022 (the “MEP RSA Agreement”) pursuant to which it has agreed to issue to MEP FTV (i) 2,000,000 shares of restricted common stock of the Company within 10 business days after the MEP Effective Date; (ii) a number of shares of common stock determined by dividing $10.0 million by the 30-day volume weighted average closing price of common stock for the 30 trading days preceding the first anniversary of the MEP Effective Date, within 10 business days after the first anniversary of the MEP Effective Date; and (iii) a number of shares of common stock determined by dividing $10.0 million by the 30-day volume weighted average closing price of common stock for the 30 trading days preceding the second anniversary of the MEP Effective Date, within 10 business days after the second anniversary of the MEP Effective Date (collectively, the “MEP Shares”). The MEP Shares will be subject to transfer restrictions until various time- and performance-based milestones are met, and, during this restricted period, will be subject to potential forfeiture if the MEP Framework Agreement is terminated under certain conditions. The parties agreed that 80% of the equity grant shall be allocated as consideration for the MEP Projects and 20% of the equity grant shall be allocated as consideration for the MEP Network. Because shares of the Company’s common stock will be issued as consideration for the MEP Framework Agreement, the Company accounted for the MEP RSA Agreement pursuant to the non-employee guidance in ASC 718, Compensation – Stock Compensation. Warrants Pursuant to the MEP Framework Agreement, on August 12, 2022, the Company issued MEP FTV a warrant to acquire 166,667 shares of the Company’s common stock with an exercise price of $15.00 per share. The warrant is exercisable on or prior to August 2, 2032, provided that the price per share of the Company’s common stock equals or exceeds a 30-trading day volume weighted average closing price of $30.00 at any time prior to third anniversary of the grant date. The fair value of the warrant was measured on August 12, 2022, using the Monte Carlo valuation model, and the fair value totaled approximately $0.4 million. The derived service period was determined to be 1.7 years. The expense recognized during the three and six months ended June 30, 2024 and 2023 was immaterial. There was no unrecognized expense outstanding as of June 30, 2024. A summary of the Company’s outstanding warrants as of June 30, 2024, are presented below (in thousands, except number of shares and exercise price): Number of Shares Weighted Average Total Intrinsic Value Weighted Average Remaining Outstanding as of December 31, 2023 166,670 $ 17.40 $ — 8.6 Outstanding as of June 30, 2024 166,670 $ 17.40 $ — 8.1 Stock-based compensation During the three and six months ended June 30, 2024 and 2023, the Company recognized stock-based compensation expense as follows (in thousands): Three Months Ended Six Months Ended 2024 2023 2024 2023 Subscriber related $ 79 $ 57 $ 158 $ 109 Sales and marketing 4,670 5,990 9,377 12,663 Technology and development 2,631 2,980 6,509 6,022 General and administrative 2,928 4,029 7,241 7,950 $ 10,308 $ 13,056 $ 23,285 $ 26,744 During the three months ended June 30, 2024 and 2023, in connection with the MEP Framework Agreement, the Company recorded approximately $0.9 million and $1.8 million, respectively, of stock-based compensation expense as a shares settled liability. During the six months ended June 30, 2024 and 2023, in connection with the MEP Framework Agreement, the Company recorded approximately $1.8 million and $3.7 million, respectively, of stock-based compensation expense as a shares settled liability. As of June 30, 2024 and December 31, 2023, $7.0 million and $5.1 million, respectively, of such shares settled liability is included in accrued expenses and other current liabilities and other long-term liabilities on the consolidated balance sheet. Equity Incentive Plans On April 1, 2020, the Company approved the establishment of the Company’s 2020 Equity Incentive Plan, as subsequently amended (the “2020 Plan”). The 2020 Plan provides for the grant of incentive stock options, non-qualified stock options, stock appreciation rights, restricted stock, restricted stock units, performance units and performance shares to its employees, directors and consultants. On June 17, 2024, the Company further amended the 2020 Plan to, among other things, increase the maximum aggregate number of shares of common stock available for issuance under the 2020 Plan by 20,000,000 shares. As of June 30, 2024, there are 24,641,050 shares available for future issuance under the 2020 Plan. The Company assumed the fuboTV Inc. 2015 Equity Incentive Plan (the "2015 Plan") on April 1, 2020. No shares are available for future issuance under the 2015 Plan. On August 3, 2022, the Company's board of directors (the "Board") approved the adoption of the 2022 Employment Inducement Equity Incentive Plan (the “2022 Inducement Plan”), which was adopted without shareholder approval pursuant to Rule 303A.08 of the New York Stock Exchange Listed Company Manual. The 2022 Inducement Plan provided for the grant of equity-based awards, including non-statutory stock options, stock appreciation rights, restricted stock, restricted stock units, performance units and performance shares, and its terms are substantially similar to the 2020 Plan, with the exception that awards can only be made to new employees in connection with their commencement of employment. No shares are available for future issuance under the 2022 Inducement Plan. On August 7, 2023, the Board approved the adoption of the 2023 Employment Inducement Equity Incentive Plan (the “2023 Inducement Plan”), which was adopted without shareholder approval pursuant to Rule 303A.08 of the New York Stock Exchange Listed Company Manual. The aggregate number of shares of common stock reserved for issuance under the 2023 Inducement Plan is 3,000,000. The 2023 Inducement Plan provides for the grant of equity-based awards, including non-statutory stock options, stock appreciation rights, restricted stock, restricted stock units, performance units and performance shares, and its terms are substantially similar to the 2020 Plan, with the exception that awards can only be made to new employees in connection with their commencement of employment. No shares are available for future issuance under the 2023 Inducement Plan. Options The Company provides option grants to employees, directors, and consultants under the 2020 Plan. The fair value of each stock option grant is estimated on the date of grant using the Black-Scholes option pricing model. The Company historically has lacked sufficient company-specific historical and implied volatility information. Therefore, it estimates its expected stock volatility based primarily on the historical volatility of a publicly-traded set of peer companies with consideration of the volatility of its own traded stock price. The risk-free interest rate is determined by referencing the U.S. Treasury yield curve in effect at the time of grant of the award for time periods approximately equal to the expected term of the award. Expected dividend yield is based on the fact that the Company has never paid cash dividends and does not expect to pay any cash dividends in the foreseeable future. The expected term of options represents the period that the Company’s stock-based awards are expected to be outstanding based on the simplified method, which is the half-life from vesting to the end of its contractual term. The simplified method was used because the Company does not have sufficient historical exercise data to provide a reasonable basis for an estimate of expected term. Stock Options A summary of stock option activity for the six months ended June 30, 2024 is as follows (in thousands, except share and per share amounts): Number of Shares Weighted Average Total Intrinsic Value Weighted Average Remaining Outstanding as of December 31, 2023 10,475,607 $ 6.31 $ 6,534 5.3 Exercised (4,042) $ 0.87 Forfeited or expired (165,238) $ 12.57 Outstanding as of June 30, 2024 10,306,327 $ 6.21 $ 1,009 4.9 Options vested and exercisable as of June 30, 2024 9,678,666 $ 6.44 $ 1,009 4.8 There were no options granted during the three and six months ended June 30, 2024. During the three and six months ended June 30, 2023, the Company granted 636,298 options to purchase shares of its common stock to the Company's Chief Executive Officer ("CEO"). The options have a fair value of approximately $0.8 million with an exercise price of $2.02 per share, vest in four equal annual installments, with the first installment vesting on February 20, 2024, and expire on May 8, 2033. The following assumptions were used in determining the fair value of stock options granted during the three and six months ended June 30, 2023: Dividend yield — Expected price volatility 49.8% Risk free interest rate 3.9% Expected term (years) 6.0 years As of June 30, 2024, the estimated value of unrecognized stock-based compensation expense related to unvested options was approximately $0.8 million to be recognized over a weighted average period of 2.0 years. Market and Service Condition Based Stock Options A summary of activity under the 2020 Plan for market and service-based stock options for the six months ended June 30, 2024 is as follows (in thousands, except share and per share amounts): Number of Shares Weighted Average Total Intrinsic Value Weighted Average Remaining Outstanding as of December 31, 2023 4,453,297 $ 12.75 $ — 3.7 Outstanding as of June 30, 2024 4,453,297 $ 12.75 $ — 3.2 Options vested and exercisable as of June 30, 2024 3,994,964 $ 11.96 $ — 3.1 There were no market and service-based options granted during the six months ended June 30, 2024 and 2023. As of June 30, 2024, there was no unrecognized stock-based compensation expense for market and service-based stock options. Performance-Based Stock Options On October 8, 2020, the Company awarded the CEO an option to purchase 4,100,000 shares of common stock which was eligible to vest based upon the achievement of certain predetermined goals for each of the five years in the performance period related to stock price, revenue, gross margin, an increase in the number of subscribers, the launch of new markets and, commencing in 2023, creation of new revenue streams. The terms of the option provided that the Company's Board would review and certify attainment of such goals annually from 2021 through 2026 on a given certification date subsequent to the Company’s calendar year end (the "Determination Date") to determine if any vesting was warranted. The Board had the discretion to determine vesting at, above, or below 20% of the shares subject to the performance option on a given Certification Date. All shares were eligible for vesting until the Determination Date following the 2025 calendar year. Any such vesting was subject to the CEO’s continuation in service with the Company through the applicable Determination Date. Because the number of shares to be earned on each Certification Date was subject to the discretion of the Board, the compensation expense was adjusted each reporting period for changes in fair value prorated for the portion of the requisite service period rendered and based on the number of shares expected to be earned. On April 20, 2023, the Company entered into the first amendment to the performance-based stock options described above that were awarded to its CEO. The amendment did not adjust the total number of options granted (4,100,000 options), the exercise price of $10.00 per share or the expiration date of October 7, 2030. Under the terms of the amendment, the original vesting conditions were modified with respect to the 3,280,000 performance-based stock options that remained unvested. The modified vesting of those stock options is based upon the achievement of certain performance metrics (the "Performance Criteria") during the period from January 1, 2025 through December 31, 2025, including 50% vesting based on the Company's adjusted EBITDA, 25% vesting based on revenue criteria, and 25% vesting based on the number of subscribers achieved. The Company’s Board will certify the Company’s performance relative to the Performance Criteria on or prior to February 20, 2026 (the “Certification Date”). If a change in control event occurs on or prior to December 31, 2025, all of the unvested options (measured at target performance) will vest on February 20, 2026 (or the date of an earlier termination of employment without cause or for good reason (a "Qualifying Termination") following the change in control), provided the CEO continues to provide services through such date. In the event of the CEO’s Qualifying Termination prior to a change in control, if the termination occurs on or prior to December 31, 2025, then all unvested options (measured at target performance) will vest as of the date of termination, and if the termination occurs on or after January 1, 2026, a number of unvested options, determined based on actual performance during the performance period, will vest on date performance is certified. Compensation cost related to the modification of the 3,280,000 unvested options will be recognized over the requisite service period for the new award beginning on the amendment date and ending on the Certification Date based on the probability of achievement of the Performance Criteria. There was no accounting impact on the fully vested 820,000 shares as a result of the amendment. The fair value of the options as of the amendment date totaled $1.2 million. Service-based Restricted Stock Awards MEP Framework Agreement - MEP Project Restricted Stock Awards In connection with the MEP Framework Agreement, stock-based compensation cost for MEP Project restricted stock awards (the "MEP Project RSAs") totaling approximately $23.0 million measured as the fair value of the 1,600,000 shares issued for the first tranche issued on August 12, 2022, at $7.0 million, plus the fixed monetary amount of $8.0 million settleable in shares on August 2, 2023, and the fixed monetary amount of $8.0 million, settleable in shares on August 2, 2024. Compensation cost will be recognized on a straight-line basis over the term of the three-year service period as if the Company paid cash for the services. The second two tranches are liability classified because they are a fixed monetary amount, settleable in shares. As compensation cost is recognized for these tranches, a corresponding credit to shares settled liabilities will be recorded and reclassified to equity upon issuance of the related shares. In connection with the MEP Project RSAs, during the three months ended June 30, 2024 and 2023, the Company recognized stock-based compensation of $1.9 million and during the six months ended June 30, 2024 and 2023, the Company recognized stock-based compensation of $3.8 million. As of June 30, 2024, the unrecognized stock-based compensation totaled $8.4 million and $5.1 million of shares liability was included in accrued expenses and other current liabilities and other long-term liabilities was recorded on the condensed consolidated balance sheet. Performance-based Restricted Stock Awards MEP Framework Agreement - MEP Network Restricted Stock Awards The restricted stock awards allocated as consideration for the MEP Network (“MEP Network RSAs”) are performance-based RSAs. The performance condition consists of creating a new television channel with unique content, features and functionality. Compensation cost is measured on the grant date for shares that vest based upon the achievement of the performance condition are recognized when probable over the requisite service period, that is the implicit service period over which the performance conditions are probable of achievement. Stock-based compensation cost for the MEP Network RSAs totaling approximately $5.7 million is measured as the fair value of the 400,000 shares issued for the first tranche issued on August 12, 2022, at $1.7 million, plus the fixed monetary amount of $2.0 million, settleable in shares on August 2, 2023, plus the fixed monetary amount of $2.0 million, settleable in shares on August 2, 2024. The Network RSAs were subject to forfeiture until launch of the Network which occurred in June 2023. The Company will recognize the total fair value of $5.7 million ratably over the two-year period. In connection with the MEP Network RSAs, during the three months ended June 30, 2024 and 2023, the Company recognized stock-based compensation of $0.7 million and during the six months ended June 30, 2024 and 2023, the Company recognized stock-based compensation of $1.4 million. As of June 30, 2024, the unrecognized stock-based compensation totaled $0.3 million and $1.9 million of shares liability was included in accrued expenses and other current liabilities and other long-term liabilities was recorded on the condensed consolidated balance sheet. Time-Based Restricted Stock Units A summary of the Company’s time-based restricted stock unit activity during the six months ended June 30, 2024 is as follows: Number of Shares Weighted Average Grant-Date Unvested at December 31, 2023 20,313,775 $ 3.85 Granted 2,902,139 $ 1.50 Vested (1,325,450) $ 4.41 Forfeited or expired (1,617,414) $ 5.14 Unvested at June 30, 2024 20,273,050 $ 3.37 During the six months ended June 30, 2024, the Company granted 1,851,852 time-based restricted stock units to the Company's CEO. The time-based restricted stock units have a fair value of approximately $2.9 million measured based on the fair value at grant date and vests in three equal annual installments, with the first installment vesting on February 20, 2025. During the six months ended June 30, 2024, the Company granted 1,050,287 time-based restricted stock units which generally vest annually over one-year (in the case annual grants to directors) or four-year (in the case grants to employees) periods, subject to the recipient’s continuation in service through each applicable vesting date. The fair value of restricted stock units is measured based on their fair value at grant date which totaled approximately $1.5 million. As of June 30, 2024, the unrecognized stock-based compensation related to restricted stock units totaled $55.3 million, had an aggregate intrinsic value of approximately $25.1 million, and a weighted average remaining contractual term of 2.7 years. Performance-Based Restricted Stock Units ("PRSU") A summary of the Company’s performance-based restricted stock unit activity during the six months ended June 30, 2024 is as follows: Number of Shares Weighted Average Grant-Date Unvested at December 31, 2023 2,035,834 $ 20.23 Granted 947,035 $ 1.55 Forfeited (189,825) $ 3.26 Unvested at June 30, 2024 2,793,044 $ 15.05 On November 3, 2021, the Company granted 1.9 million performance-based restricted stock units (“PRSUs”) to the Chief Operating Officer ("COO") of the Company. The PRSUs were eligible to vest over a period of five On November 20, 2023, the Company entered into the first amendment to the PRSUs described above that were awarded to its COO. The amendment did not adjust the total number of PRSUs granted (1.9 million PRSUs). Under the terms of the amendment, the original vesting conditions were modified with respect to the 1,140,000 PRSUs that remained unvested as of the amendment date. The modified vesting of the PRSUs is based upon the achievement of the Performance Criteria during the period from January 1, 2025 through December 31, 2025, including 50% vesting based on the Company's adjusted EBITDA, 25% vesting based on revenue criteria, and 25% vesting based on the number of subscribers achieved. The Company’s Board will certify the Company’s performance relative to the Performance Criteria on or prior to the February 20, 2026 (the “Certification Date”). If a change in control event occurs on or prior to December 31, 2025, all of the unvested PRSUs (measured at target performance) will vest on or prior to February 20, 2026 (or the date of an earlier "Qualifying Termination" following the change in control), provided the COO continues to provide services through such date. In the event of the COO’s Qualifying Termination prior to a change in control, if the termination occurs on or prior to December 31, 2025, then all unvested PRSUs (measured at target performance) will vest as of the date of termination, and if the termination occurs on or after January 1, 2026, a number of unvested PRSUs, determined based on actual performance during the performance period, will vest on the date performance is certified. Compensation cost related to the modification of the 1,140,000 unvested PRSUs will be recognized over the requisite service period for the new award beginning on the amendment date and ending on the Certification Date based on the probability of achievement of the Performance Criteria. The fair value of the unvested PRSUs as of the amendment date totaled $7.2 million and will be expensed pro-rata over the requisite service period. During the three and six months ended June 30, 2024, the Company recognized stock-based compensation expense of $0.8 million and $1.6 million related to the PRSUs. As of June 30, 2024, unrecognized stock-based compensation totaled $5.2 million. On May 9, 2023, the Company entered into a PRSU agreement with the Company's CEO. The PRSU agreement provides the right to earn shares of the Company's common stock upon achievement of certain performance criteria, with 730,338 shares being earned at target performance and up to 1,095,507 shares being earned at maximum performance. The number of PRSUs eligible to vest will be determined based upon the achievement of annual performance-based vesting conditions for the 2023, 2024, and 2025 calendar years. The Company accounts for the PRSUs as three separate awards each with a requisite service period beginning on January 1st of the applicable year. For the first and second performance period, the Company has defined the performance targets as adjusted EBITDA, revenue, and the number of subscribers, and determined the grant date was June 15, 2023 and March 25, 2024, respectively. The Company's Board will define the performance criteria for the third performance period no later than March 15, 2025 (the grant date of the third tranche). Any PRSUs that are eligible to vest based on performance relative to the pre-determined annual performance objectives will vest on the date on which the Company’s performance for the 2025 performance year is certified, which will occur on or before February 20, 2026. Any such vesting is subject to the employee’s continuation in service with the Company through the applicable vesting date. The Company's Board will review attainment of such performance conditions annually from 2024 through 2026 on a given certification date (subsequent to the Company’s calendar year end) to determine if any PRSUs should be eligible to vest. The PRSUs contain both service and performance vesting conditions. Compensation cost related to the target PRSUs will be recognized over the requisite service period based on the probability of achievement of certain performance thresholds. The fair value of the PRSUs is measured based on their grant date fair value which totaled $0.7 million and $0.4 million for the first and second performance period, respectively. On November 20, 2023, the Company entered into PRSU agreements with various executive employees (the "Executives") covering a total of 569,475 shares in the aggregate. Under the terms of the agreements, the PRSUs will be eligible to vest based upon the achievement of the Performance Criteria during the period January 1, 2025 through December 31, 2025, including 50% vesting based on the Company's adjusted EBITDA, 25% vesting based on revenue criteria, and 25% based on the number of subscribers achieved. The Company’s Board will certify the Company’s performance relative to the Performance Criteria on or prior to the February 20, 2026 Certification Date. If a change in control event occurs on or prior to December 31, 2025, all of the unvested PRSUs (measured at target performance) will vest on February 20, 2026 (or the date of a "Qualifying Termination" following the change in control), provided the Executives continues to provide services through such date. In the event of an Executive's Qualifying Termination prior to a change in control, if the termination occurs on or prior to December 31, 2025, then all unvested PRSUs (measured at target performance) will vest as of the date of termination, and if the termination occurs on or after January 1, 2026, a number of unvested PRSUs, determined based on actual performance during the performance period, will vest on date performance is certified. Compensation cost related to the unvested PRSUs will be recognized over the requisite service period for the new award beginning on the grant date and ending on the Certification Date based on the probability of achievement of the Performance Criteria. The fair value of the PRSUs totaled $1.9 million. During the six months ended June 30, 2024, 189,825 shares were forfeited. As of June 30, 2024, the unrecognized stock-based compensation totaled $0.9 million. On April 4 2024, the Company entered into a second PRSU agreement with the Company's CEO. The PRSU agreement provides the right to earn shares of the Company's common stock upon achievement of certain performance criteria, with 1,851,852 shares being earned at target performance and up to 2,777,778 shares being earned at maximum performance. The number of PRSUs eligible to vest will be determined based upon the achievement of annual performance-based vesting conditions for the 2024, 2025, and 2026 calendar years. The Company accounts for the PRSUs as three separate awards each with a requisite service period beginning on January 1st of the applicable year. For the first performance period, the Company has defined the performance targets as adjusted EBITDA, revenue, and the number of subscribers, and determined the grant date was April 4 2024, respectively. The Company's Board will define the performance criteria for the second and third performance period no later than March 15, 2025 and 2026 (the grant date). Any PRSUs that are eligible to vest based on performance relative to the pre-determined annual performance objectives will vest on the date on which the Company’s performance for the 2026 performance year is certified, which will occur on or before February 20, 2027. Any such vesting is subject to the employee’s continuation in service with the Company through the applicable vesting date. The Company's Board will review attainment of such performance conditions annually from 2025 through 2027 on a given certification date (subsequent to the Company’s calendar year end) to determine if any PRSUs should be eligible to vest. The PRSUs contain both service and performance vesting conditions. Compensation cost related to the target PRSUs will be recognized over the requisite service period based on the probability of achievement of certain performance thresholds. The fair value of the PRSUs is measured based on their grant date fair value which totaled $1.0 million for the first performance period.

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
	Jun. 30, 2024
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies Leases The components of lease expense were as follows (in thousands): Three Months Ended Six Months Ended 2024 2023 2024 2023 Operating leases Operating lease cost $ 1,752 $ 1,537 $ 3,508 $ 2,969 Other lease cost 190 103 414 158 Operating lease expense 1,942 1,640 3,922 3,127 Short-term lease rent expense — 66 — 132 Total rent expense $ 1,942 $ 1,706 $ 3,922 $ 3,259 Supplemental cash flow information related to leases were as follows (in thousands, except term and discount rate): Three Months Ended Six Months Ended 2024 2023 2024 2023 Operating cash flows from operating leases $ 2,093 $ 1,486 $ 4,182 $ 2,233 Right of use assets exchanged for operating lease liabilities $ — $ 3,062 $ — $ 3,062 Weighted average remaining lease term - operating leases 9.7 10.5 9.7 10.5 Weighted average remaining discount rate - operating leases 7.8 % 7.9 % 7.8 % 7.9 % As of June 30, 2024, future minimum payments for the operating leases are as follows (in thousands): Year Ended December 31, 2024 $ 4,180 Year Ended December 31, 2025 7,763 Year Ended December 31, 2026 5,991 Year Ended December 31, 2027 4,831 Year Ended December 31, 2028 4,403 Thereafter 31,737 Total 58,905 Less present value discount (18,210) Operating lease liabilities $ 40,695 Other Contractual Obligations Annual Sponsorship Agreements The Company is a party to several non-cancelable contracts with vendors and licensors for marketing and other strategic partnership related agreements where the Company is obligated to make future minimum payments under the non-cancelable terms of these contracts as follows (in thousands): 2024 $ 1,625 2025 3,275 2026 3,325 2027 3,425 2028 3,525 Thereafter 12,725 Total $ 27,900 Sports Rights Agreements The Company entered into various sports right agreements to obtain programming rights to certain live sporting events. Future payments under these agreements are as follows (in thousands): 2024 $ 11,865 2025 13,748 2026 13,748 2027 13,748 2028 4,583 Total $ 57,692 During the six months ended June 30, 2024, the Company made upfront payments totaling approximately $25.4 million, which are recorded in prepaid sports rights on the condensed consolidated balance sheets. Contingencies The Company is subject to certain legal proceedings and claims that arise from time to time in the ordinary course of its business, including relating to business practices and patent infringement. Litigation can be expensive and disruptive to normal business operations. Moreover, the results of complex legal proceedings are difficult to predict and the Company’s view of these matters may change in the future as the litigation and events related thereto unfold. When the Company determines that a loss is both probable and reasonably estimable, a liability is recorded and disclosed if the amount is material to the financial statements taken as a whole. When a material loss contingency is only reasonably possible, the Company does not record a liability, but instead discloses the nature and the amount of the claim, and an estimate of the loss or range of loss, if such an estimate can reasonably be made. Legal expenses associated with any contingency are expensed as incurred. The Company is engaged in discussions with certain third parties regarding patent licensing matters. The Company is not able to reasonably estimate whether it will be able to reach an agreement with these parties or the amount of potential licensing fees, if any, it may agree to pay in connection with these discussions, but it is possible that any such amount could be material. Legal Proceedings The Company is and may in the future be involved in various legal proceedings arising from the normal course of business activities. Although the results of litigation and claims cannot be predicted with certainty, currently, the Company believes that the likelihood of any material adverse impact on the Company’s consolidated results of operations, cash flows or our financial position for any such litigation or claims is remote. Regardless of the outcome, litigation can have an adverse impact on the Company because of the costs to defend lawsuits, diversion of management resources and other factors. Said-Ibrahim v. fuboTV Inc., David Gandler , Edgar M. Bronfman Jr., & Simone Nardi , Case No. 21-cv-01412 (S.D.N.Y) & Lee v. fuboTV, Inc., David Gandler, Edgar M. Bronfman Jr., & Simone Nardi, Case No. 21-cv-01641 (S.D.N.Y.) (consolidated as In re fuboTV Inc. Securities Litigation, No. 21-cv-01412 (S.D.N.Y.)) On February 17, 2021, putative shareholders Wafa Said-Ibrahim and Adhid Ibrahim filed a class action lawsuit against the Company, co-founder and CEO David Gandler, Executive Chairman Edgar M. Bronfman Jr., and CFO Simone Nardi (collectively, the “Class Action Defendants”). Plaintiffs allege that Class Action Defendants violated federal securities laws by disseminating false and misleading statements regarding the Company’s financial health and operating condition, including the Company’s ability to grow subscription levels, prospects, future profitability, seasonality factors, cost escalations, ability to generate advertising revenue, valuation, and entering the online sports wagering market. The Plaintiffs allege that Class Action Defendants violated Section 10(b) of the Securities Exchange Act of 1934 (the “Exchange Act”) and Rule 10b-5 thereunder, as well as Section 20(a) of the Exchange Act, and seek damages and other relief. On February 24, 2021, putative shareholder Steven Lee filed a nearly identical class action lawsuit against the same Defendants. On April 29, 2021, the court consolidated Said-Ibrahim v. fuboTV Inc., David Gandler, Edgar M. Bronfman Jr., & Simone Nardi, Case No. 21-cv-01412 (S.D.N.Y) and Lee v. fuboTV, Inc., David Gandler, Edgar M. Bronfman Jr., & Simone Nardi, Case No. 21-cv-01641 (S.D.N.Y.) under In re FuboTV Inc. Securities Litigation, No. 1:21-cv-01412 (S.D.N.Y.). The court also appointed putative shareholder Nordine Aamchoune as lead plaintiff. On July 12, 2021, Lead Plaintiff filed an Amended Class Action Complaint. Lead Plaintiff seeks to pursue this claim on behalf of himself as well as all other persons who purchased or otherwise acquired Company securities publicly traded on the NYSE between March 23, 2020 and January 4, 2021, inclusive, and who were allegedly damaged thereby. The Class Action Defendants filed a motion to dismiss the Amended Class Action Complaint on September 10, 2021. Lead Plaintiff filed an opposition on November 9, 2021. Class Action Defendants filed their reply in support of the motion to dismiss on December 9, 2021. On March 30, 2023, the Court granted the Class Action Defendants' motion to dismiss without prejudice. On May 22, 2023, Lead Plaintiff filed a Second Amended Class Action Complaint, which amended the class period to purchases or acquisitions between May 20, 2020 and January 4, 2021, inclusive. The Class Action Defendants filed their motion to dismiss the Second Amended Class Action Complaint on August 1, 2023. Lead Plaintiff filed his opposition on September 14, 2023. The Class Action Defendants filed their reply on October 5, 2023. On March 28, 2024, the Court dismissed the Second Amended Complaint without prejudice and ordered that Lead Plaintiff's motion for leave to amend be filed by April 11, 2024. Lead Plaintiff did not move for leave to amend, and on April 19, 2024 the case was dismissed with prejudice. DISH Technologies, LLC, et al. v. fuboTV Media Inc., No. 1:23-cv-00986 (D. Del.) On September 6, 2023, DISH Technologies L.L.C. and Sling TV L.L.C. (collectively, “DISH”) filed a complaint in the District of Delaware alleging that fuboTV Media Inc. (“fuboTV Media”) infringes certain of DISH's patents by streaming video through a fuboTV Media application and seeking damages and injunctive relief. On December 14, 2023, following a series of stipulated extensions, fuboTV Media filed a motion to dismiss the complaint asserting that DISH’s patents are invalid. Briefing on the motion is complete and a hearing was held on March 25, 2024. On May 7, 2024, DISH filed a motion for leave to file a First Amended Complaint to assert more claims. The district court granted this motion on May 21, 2024, and denied-as-moot fuboTV Media’s motion to dismiss. After filing petitions for inter partes review on all the patents asserted by DISH, fuboTV Media filed a motion to stay the district court case pending resolution of those inter partes reviews. Briefing on the motion is complete and a hearing is scheduled for August 13, 2024. Of the petitions for inter partes review filed by fuboTV Media, five relate to patents for which the United States Patent Trial and Appeal Board (“PTAB”) has already instituted proceedings, and those are expected to be complete by April 25, 2025. The PTAB will decide whether to institute proceedings on the remaining three patents by November 17, 2024. At this time, the Company cannot predict the outcome, or provide a reasonable estimate or range of estimates of the possible outcome or loss, if any, with respect to this matter. The Company believes it has meritorious defenses and intends to defend itself vigorously in this matter. Fubo Gaming Dissolution Following the dissolution of Fubo Gaming in October 2022, the Company has received communications from several commercial partners of Fubo Gaming, alleging breach by Fubo Gaming of applicable agreements. Certain of these parties have also asserted that the Company is a guarantor of Fubo Gaming’s obligations under the applicable agreements. On May 2, 2023, one such party (comprising two related plaintiff entities, Dynamo Stadium, LLC and Dynamo Soccer, LLC) filed Demands for Arbitration with the AAA against Fubo Gaming, alleging breaches by Fubo Gaming of a sports betting agreement and a sponsorship agreement, as well as against the Company for alleged guaranty obligations under the sports betting agreement. On February 5, 2024, the AAA dismissed the arbitration relating to the sponsorship agreement, and, on February 27, 2024, the AAA dismissed without prejudice the arbitration relating to the sports betting agreement. Thereafter, the parties settled any remaining claims. Additional allegations or litigation may arise against Fubo Gaming or the Company in the future related to the dissolution of Fubo Gaming, including potential breach of contract claims by other commercial partners of Fubo Gaming or claims seeking to hold the Company responsible for Fubo Gaming’s contractual obligations (on contractual guaranty and other bases). At this time, the Company cannot predict the outcome, or provide a reasonable estimate or range of estimates of the possible outcome or loss, if any, with respect to any such matters. The Company believes it has meritorious defenses and intends to defend itself vigorously in any such matters. FuboTV Inc. and FuboTV Media Inc. vs. The Walt Disney Company, ESPN, Inc., ESPN Enterprises, Inc., Hulu, LLC, Fox Corporation, and Warner Brothers Discovery, Inc. On February 20, 2024, the Company filed a lawsuit in the U.S. District Court for the Southern District of New York asserting federal and state antitrust claims against The Walt Disney Company (“Disney”), ESPN, Inc. and ESPN Enterprises, Inc. (collectively, “ESPN”), Hulu, LLC (“Hulu”), Fox Corporation (“Fox”), and Warner Brothers Discovery, Inc. (“WBD”). The Company's complaint asserts four major categories of claims. First, the complaint alleges that the announced joint venture between Disney, WBD, and Fox is unlawful under Section 7 of the Clayton Act and Section 1 of the Sherman Act. Second, the complaint alleges that “bundling” requirements imposed by Disney, ESPN and Fox constitute unlawful tying and block-booking arrangements under Section 1 of the Sherman Act. Third, the complaint alleges that the Defendants’ use of “most-favored-nation” clauses in their carriage agreements, in combination with other anticompetitive terms, violates Section 1 of the Sherman Act. Fourth, the complaint alleges that all of this conduct violates New York’s Donnelly Act, N.Y. Gen. Bus. Law § 340, for the same reasons it violates federal antitrust law. The Company’s complaint seeks injunctive relief to stop the proposed joint venture and other practices described above, damages for harm already suffered because of those practices, and other relief. On April 8, 2024, the Company filed a motion for preliminary injunction seeking to enjoin the launch of the joint venture pending the outcome of the lawsuit. A hearing on that motion is set to begin on August 6, 2024. On April 9 and 10, 2024, the defendants moved to dismiss Fubo’s claims. Briefing on those motions is stayed until after the hearing on Fubo’s motion for preliminary injunction. At this time, the Company cannot predict the outcome, or provide a reasonable estimate or range of estimates of the possible outcome, if any. However, the Company believes it has meritorious claims and will continue to pursue its rights vigorously in this matter. Video Privacy Protection Act ("VPPA") Matters The Company has been named as defendant in putative class action complaints bringing claims under the VPPA, alleging the Company shared subscribers’ personally identifiable information to third party advertisers and through the Meta Pixel and Google Analytics without consent. The complaints are captioned Burdette v fuboTV, Inc., No. 1:23-cv-10351 (N.D. Ill.); Perez, et al., v. fuboTV, Inc., No. 0:23-cv-61961 (S.D. Fla.); Beasley v. fuboTV, Inc., No. 1:24-cv-00711 (S.D.N.Y). Additional allegations or litigation may arise against the Company in the future related to the VPPA and other privacy and consumer protection laws. At this time, the Company cannot predict the outcome, or provide a reasonable estimate or range of estimates of the possible outcome or loss, if any, with respect to any such matters, including the Burdette, Perez, or Beasley matters. The Company believes it has meritorious defenses and intends to defend itself vigorously in any such matters.

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($) $ in Thousands	3 Months Ended				6 Months Ended
	Jun. 30, 2024	Mar. 31, 2024	Jun. 30, 2023	Mar. 31, 2023	Jun. 30, 2024	Jun. 30, 2023
Pay vs Performance Disclosure
Net loss attributable to common shareholders	$ (25,272)	$ (56,010)	$ (49,940)	$ (83,613)	$ (81,282)	$ (133,553)

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
	Jun. 30, 2024
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	6 Months Ended
	Jun. 30, 2024
Accounting Policies [Abstract]
Principles of Consolidation	Principles of Consolidation and Basis of Presentation The Company’s consolidated financial statements include the accounts of the Company and the accounts of the Company’s wholly-owned subsidiaries, its non-wholly owned subsidiaries where the Company has a controlling interest and variable interest entities ("VIE") formed in connection with the Company's collaboration with Maximum Effort on the launch and distribution of the Maximum Effort Channel, and production and development of original programming (the "MEC Entities"). Generally accepted accounting principles require that if an entity is the primary beneficiary of a VIE, the entity should consolidate the assets, liabilities and results of operations of the VIE in its consolidated financial statements. The primary beneficiary is the party that has both of the following: (i) the power to direct the activities that most significantly impact the economic performance of the VIE, and (ii) the obligation to absorb the losses or rights to receive the benefits of the entity that could potentially be significant to the VIE. The Company considers itself to be the primary beneficiary of the MEC Entities and accordingly, has consolidated these entities since their formation in 2023, with the equity interests of the unaffiliated investors presented as non-controlling interests in the accompanying condensed consolidated financial statements. All intercompany balances and transactions have been eliminated in consolidation.
Basis of Presentation	The accompanying unaudited condensed consolidated financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America (“GAAP” or “U.S. GAAP”) for interim financial information and pursuant to the instructions to Form 10-Q. In the opinion of management, the accompanying unaudited condensed consolidated financial statements reflect all adjustments, consisting of normal recurring adjustments considered necessary for a fair presentation of such interim results. Unless otherwise indicated, amounts provided in these notes pertain to continuing operations only (see Note 4 for information on discontinued operations).
Use of Estimates	Use of Estimates The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Management bases its estimates on historical experience and on various other assumptions it believes to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities. Actual results could differ from those estimates. Those estimates and assumptions include useful lives of property and equipment and intangible assets, recoverability of goodwill and intangible assets, accruals for contingent liabilities, equity instruments issued in share-based payment arrangements, and accounting for income taxes, including the valuation allowance on deferred tax assets.
Cash, Cash Equivalents and Restricted Cash	Cash, Cash Equivalents and Restricted Cash The Company considers all highly liquid investments with remaining maturities at the date of purchase of three months or less to be cash equivalents, including balances held in the Company’s money market accounts. Restricted cash primarily represents cash on deposit with financial institutions in support of a letter of credit outstanding in favor of the Company’s landlord for office space. The restricted cash balance has been excluded from the cash balance and is classified as restricted cash on the condensed consolidated balance sheets.
Certain Risks and Concentrations	Certain Risks and Concentrations Financial instruments that potentially subject the Company to concentrations of credit risk consist primarily of demand deposits and accounts receivable. The Company maintains cash deposits with financial institutions that at times exceed applicable insurance limits. The majority of the Company’s software and computer systems utilize data processing, storage capabilities and other services provided by Google Cloud Platform and Amazon Web Services, which cannot be easily switched to another cloud service provider. As such, any disruption of the Company’s interference with Google Cloud Platform and Amazon Web Services could adversely impact the Company’s operations and business.
Segment and Reporting Unit Information	Segment and Reporting Unit Information Operating segments are defined as components of an entity for which discrete financial information is available that is regularly reviewed by the Chief Operating Decision Maker (“CODM”) in deciding how to allocate resources to an individual segment and in assessing performance. The Company’s Chief Executive Officer is determined to be the CODM. The CODM reviews financial information and makes resource allocation decisions at the consolidated group level. The Company has one operating segment as of June 30, 2024, the streaming business.
Net Loss Per Share	Net Loss Per Share Basic net loss per share is computed by dividing net loss available to common shareholders by the weighted average number of common shares outstanding during the period.
Recently Issued Accounting Standards	Recently Issued Accounting Standards The Company continually assesses any new accounting pronouncements to determine their applicability. When it is determined that a new accounting pronouncement affects the Company’s financial reporting, the Company undertakes a study to determine the consequences of the change to its financial statements and assures that there are proper controls in place to ascertain that the Company’s financial statements properly reflect the change. In November 2023, the FASB issued ASU No. 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures. The ASU requires disclosures to include significant segment expenses that are regularly provided to the chief operating decision maker, among other provisions. The ASU is effective for fiscal year periods beginning after December 15, 2023, and interim periods within fiscal years beginning after December 15, 2024. Early adoption is permitted and the ASU requires retrospective application to all prior periods presented in the financial statements. The Company is currently evaluating the standard to determine the impact of adoption to its consolidated financial statements and disclosures. In December 2023, the FASB issued ASU 2023-09, Income Taxes (Topic 740): Improvement to Income Tax Disclosures to enhance the transparency and decision usefulness of income tax disclosures. The ASU primarily enhances and expands both the income tax rate reconciliation disclosure and the income taxes paid disclosure. The amendments in ASU 2023-09 address investor requests for enhanced income tax information primarily through changes to the rate reconciliation and income taxes paid information. Early adoption is permitted. A public entity should apply the amendments in ASU 2023-09 prospectively to all annual periods beginning after December 15, 2024. The Company is currently evaluating the impact of this standard on our consolidated financial statements and related disclosures.

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Tables)	6 Months Ended
	Jun. 30, 2024
Accounting Policies [Abstract]
Schedule of Cash and Cash Equivalents	The following table provides a reconciliation of cash, cash equivalents and restricted cash within the condensed consolidated balance sheets that sum to the total of the same on the condensed consolidated statement of cash flows (in thousands): June 30, 2024 December 31, 2023 Cash and cash equivalents $ 155,189 $ 245,278 Restricted cash 6,139 6,142 Total cash, cash equivalents and restricted cash $ 161,328 $ 251,420
Restrictions on Cash and Cash Equivalents	The following table provides a reconciliation of cash, cash equivalents and restricted cash within the condensed consolidated balance sheets that sum to the total of the same on the condensed consolidated statement of cash flows (in thousands): June 30, 2024 December 31, 2023 Cash and cash equivalents $ 155,189 $ 245,278 Restricted cash 6,139 6,142 Total cash, cash equivalents and restricted cash $ 161,328 $ 251,420
Schedule of Earnings Per Share, Basic and Diluted	The following table presents the calculation of basic and diluted net loss per share (in thousands, except shares and per share data): Three Months Ended Six Months Ended 2024 2023 2024 2023 Basic loss per share: Net loss from continuing operations $ (25,833) $ (54,209) $ (82,162) $ (137,577) Less: net loss attributable to non-controlling interest 455 10 1,029 21 Net loss from continuing operations available to common shareholders (25,378) (54,199) (81,133) (137,556) Net income (loss) from discontinued operations, net of tax 106 4,259 (149) 4,003 Net loss attributable to common shareholders $ (25,272) $ (49,940) $ (81,282) $ (133,553) Shares used in computation: Weighted-average common shares outstanding 311,253,856 291,720,400 305,339,121 258,646,559 Basic and diluted loss per share from continuing operations $ (0.08) $ (0.19) $ (0.27) $ (0.53) Basic and diluted loss per share from discontinued operations $ — $ 0.02 $ — $ 0.02 Basic and diluted loss per share $ (0.08) $ (0.17) $ (0.27) $ (0.51)
Schedule of Antidilutive Securities Excluded from Computation of Earnings per Share	The following common share equivalents are excluded from the calculation of weighted average common shares outstanding because their inclusion would have been anti-dilutive: June 30, 2024 2023 Warrants to purchase common stock 166,670 166,670 Stock options 18,859,624 19,192,053 Unvested restricted stock units 23,066,094 14,210,700 Convertible notes variable settlement feature 49,115,898 6,966,078 Total 91,208,286 40,535,501

Discontinued Operations (Tables

Discontinued Operations (Tables)	6 Months Ended
	Jun. 30, 2024
Discontinued Operations and Disposal Groups [Abstract]
Disposal Groups, Including Discontinued Operations	Net income (loss) from Fubo Gaming's discontinued operations consists of the following for the three and six months ended June 30, 2024 and 2023 (in thousands): For the Three Months Ended Six Months Ended 2024 2023 2024 2023 Revenues Wagering $ — $ — $ — $ — Total revenues — — — — Operating expenses Sales and marketing — — — (59) Technology and development — — — 17 General and administrative 24 481 279 746 Gain on extinguishment of liabilities (130) (4,740) (130) (4,740) Impairment of goodwill, intangible assets, and other long-lived assets, net — — — 33 Total operating expenses (106) (4,259) 149 (4,003) Operating income (loss) 106 4,259 (149) 4,003 Net income (loss) from discontinued operations before income taxes 106 4,259 (149) 4,003 Income tax benefit — — — — Net income (loss) from discontinued operations 106 4,259 (149) 4,003

Revenue from Contracts with C_2

Revenue from Contracts with Customers (Tables)	6 Months Ended
	Jun. 30, 2024
Revenue from Contract with Customer [Abstract]
Revenue from External Customers by Geographic Areas	The following tables summarize subscription revenue and advertising revenue by region for the three and six months ended June 30, 2024 and 2023 (in thousands): Subscription Three Months Ended Six Months Ended 2024 2023 2024 2023 United States and Canada (North America) $ 354,887 $ 281,088 $ 720,457 $ 574,346 Rest of world 8,049 7,906 16,193 15,523 Total subscription revenues $ 362,936 $ 288,994 $ 736,650 $ 589,869 Advertising Three Months Ended Six Months Ended 2024 2023 2024 2023 United States and Canada (North America) $ 26,028 $ 22,820 $ 53,253 $ 45,335 Rest of world 257 250 501 456 Total advertising revenues $ 26,285 $ 23,070 $ 53,754 $ 45,791

Property and equipment, net (Ta

Property and equipment, net (Tables)	6 Months Ended
	Jun. 30, 2024
Property, Plant and Equipment [Abstract]
Property, Plant and Equipment	roperty and equipment, net at June 30, 2024 and December 31, 2023 (in thousands): Useful Life June 30, 2024 December 31, 2023 Furniture and fixtures 5 $ 533 $ 532 Computer equipment 3-5 5,582 3,949 Leasehold improvements Term of lease 5,314 5,302 11,429 9,783 Less: Accumulated depreciation (5,641) (4,948) Total property and equipment, net $ 5,788 $ 4,835

Intangible Assets and Goodwill

Intangible Assets and Goodwill (Tables)	6 Months Ended
	Jun. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Intangible Assets and Goodwill	The tables below summarize the Company’s intangible assets at June 30, 2024 and December 31, 2023 (in thousands): Useful Weighted June 30, 2024 Intangible Assets Accumulated Amortization Net Balance Trade names 2 - 9 4.7 38,840 (18,680) 20,160 Capitalized internal use software 3 2.0 32,600 (10,488) 22,112 Software and technology 3 - 9 4.6 195,893 (91,112) 104,781 Total $ 267,333 $ (120,280) $ 147,053 Useful Weighted December 31, 2023 Intangible Assets Accumulated Amortization Net Balance Customer relationships 2 0.0 $ 32,729 $ (32,729) $ — Trade names 2 - 9 5.2 38,859 (16,578) 22,281 Capitalized internal use software 3 2.3 25,770 (5,893) 19,877 Software and technology 3 - 9 5.1 196,136 (79,846) 116,290 Total $ 293,494 $ (135,046) $ 158,448
Finite-lived Intangible Assets Amortization Expense	The estimated future amortization expense associated with intangible assets, net is as follows (in thousands): Year ended December 31, Future Amortization 2024 $ 18,850 2025 35,938 2026 33,554 2027 27,527 2028 25,075 Thereafter 6,109 Total $ 147,053
Schedule of Goodwill	The following table is a summary of the changes to goodwill for the six months ended June 30, 2024 (in thousands): Balance - December 31, 2023 $ 622,818 Foreign currency translation adjustment (3,863) Balance - June 30, 2024 $ 618,955

Accounts Payable, Accrued Exp_2

Accounts Payable, Accrued Expenses, and Other Liabilities (Tables)	6 Months Ended
	Jun. 30, 2024
Payables and Accruals [Abstract]
Schedule of Accounts Payable and Accrued Liabilities	Accounts payable, accrued expenses, and other liabilities are presented below (in thousands): June 30, 2024 December 31, 2023 Affiliate fees $ 231,260 $ 266,089 Broadcasting and transmission 12,619 13,097 Selling and marketing 12,408 33,925 Accrued compensation 9,551 13,218 Legal and professional fees 7,252 3,672 Sales tax 46,574 42,590 Accrued interest 7,498 4,671 Subscriber related 2,223 1,624 Shares settled liability 6,977 5,131 Other 11,407 11,970 Total $ 347,769 $ 395,987

Income Taxes (Tables)

Income Taxes (Tables)	6 Months Ended
	Jun. 30, 2024
Income Tax Disclosure [Abstract]
Schedule of Effective Income Tax Rate Reconciliation	The following table presents income tax (provision) benefit for income taxes (in thousands, except for effective tax rate): Three Months Ended Six Months Ended 2024 2023 2024 2023 Income tax (provision) benefit (99) 121 (212) 235 Effective tax rate (0.38) % 0.22 % (0.26) % 0.17 %

Notes Payable, Long-Term Borr_2

Notes Payable, Long-Term Borrowing, and Convertible Notes (Tables)	6 Months Ended
	Jun. 30, 2024
Debt Disclosure [Abstract]
Schedule of Debt	Notes payable, long-term borrowing, and convertible notes as of June 30, 2024 and December 31, 2023 consist of the following (in thousands, except stated interest rate): Note Stated Interest Rate Principal Balance Capitalized Interest Debt Premium (Discount) June 30, 2026 Convertible Notes 3.25% $ 164,639 $ — $ (1,841) $ 162,798 2029 Convertible Notes 7.5% 177,506 — 12,434 $ 189,940 Note payable 10.0% 2,700 3,925 — 6,625 Bpifrance 2.25% 1,286 — — 1,286 Other 4.0% 30 9 — 39 $ 346,161 $ 3,934 $ 10,593 $ 360,688 Note Stated Interest Rate Principal Balance Capitalized Interest Debt Discount December 31, 2026 Convertible Notes 3.25% $ 397,500 $ — $ (5,752) $ 391,748 Note payable 10.0% 2,700 3,585 — $ 6,285 Bpifrance 2.25% 1,612 — — $ 1,612 Other 4.0% 30 8 — 38 $ 401,842 $ 3,593 $ (5,752) $ 399,683

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	6 Months Ended
	Jun. 30, 2024
Fair Value Disclosures [Abstract]
Fair Value Measurements, Recurring and Nonrecurring	The Company’s assets measured at fair value on a recurring basis consisted of the following as of June 30, 2024, and December 31, 2023 (in thousands): Fair value measured at June 30, 2024 Quoted Significant Significant Total Financial assets at fair value: Cash and cash equivalents Money market securities and time deposits $ 112,538 $ — $ — $ 112,538 Total financial assets at fair value $ 112,538 $ — $ — $ 112,538 Fair value measured at December 31, 2023 Quoted Significant Significant Total Financial assets at fair value: Cash and cash equivalents Money market securities $ 205,074 $ — $ — $ 205,074 Total financial assets at fair value $ 205,074 $ — $ — $ 205,074

Shareholders_ Equity (Tables)

Shareholders’ Equity (Tables)	6 Months Ended
	Jun. 30, 2024
Equity [Abstract]
Schedule of Stockholders' Equity Note, Warrants or Rights	A summary of the Company’s outstanding warrants as of June 30, 2024, are presented below (in thousands, except number of shares and exercise price): Number of Shares Weighted Average Total Intrinsic Value Weighted Average Remaining Outstanding as of December 31, 2023 166,670 $ 17.40 $ — 8.6 Outstanding as of June 30, 2024 166,670 $ 17.40 $ — 8.1
Share-based Payment Arrangement, Expensed and Capitalized, Amount	During the three and six months ended June 30, 2024 and 2023, the Company recognized stock-based compensation expense as follows (in thousands): Three Months Ended Six Months Ended 2024 2023 2024 2023 Subscriber related $ 79 $ 57 $ 158 $ 109 Sales and marketing 4,670 5,990 9,377 12,663 Technology and development 2,631 2,980 6,509 6,022 General and administrative 2,928 4,029 7,241 7,950 $ 10,308 $ 13,056 $ 23,285 $ 26,744
Share-based Payment Arrangement, Activity	A summary of stock option activity for the six months ended June 30, 2024 is as follows (in thousands, except share and per share amounts): Number of Shares Weighted Average Total Intrinsic Value Weighted Average Remaining Outstanding as of December 31, 2023 10,475,607 $ 6.31 $ 6,534 5.3 Exercised (4,042) $ 0.87 Forfeited or expired (165,238) $ 12.57 Outstanding as of June 30, 2024 10,306,327 $ 6.21 $ 1,009 4.9 Options vested and exercisable as of June 30, 2024 9,678,666 $ 6.44 $ 1,009 4.8 A summary of activity under the 2020 Plan for market and service-based stock options for the six months ended June 30, 2024 is as follows (in thousands, except share and per share amounts): Number of Shares Weighted Average Total Intrinsic Value Weighted Average Remaining Outstanding as of December 31, 2023 4,453,297 $ 12.75 $ — 3.7 Outstanding as of June 30, 2024 4,453,297 $ 12.75 $ — 3.2 Options vested and exercisable as of June 30, 2024 3,994,964 $ 11.96 $ — 3.1
Schedule of Share-Based Payment Award, Stock Options, Valuation Assumptions	The following assumptions were used in determining the fair value of stock options granted during the three and six months ended June 30, 2023: Dividend yield — Expected price volatility 49.8% Risk free interest rate 3.9% Expected term (years) 6.0 years
Schedule of Nonvested Restricted Stock Units Activity	A summary of the Company’s time-based restricted stock unit activity during the six months ended June 30, 2024 is as follows: Number of Shares Weighted Average Grant-Date Unvested at December 31, 2023 20,313,775 $ 3.85 Granted 2,902,139 $ 1.50 Vested (1,325,450) $ 4.41 Forfeited or expired (1,617,414) $ 5.14 Unvested at June 30, 2024 20,273,050 $ 3.37 A summary of the Company’s performance-based restricted stock unit activity during the six months ended June 30, 2024 is as follows: Number of Shares Weighted Average Grant-Date Unvested at December 31, 2023 2,035,834 $ 20.23 Granted 947,035 $ 1.55 Forfeited (189,825) $ 3.26 Unvested at June 30, 2024 2,793,044 $ 15.05

Commitments and Contingencies (

Commitments and Contingencies (Tables)	6 Months Ended
	Jun. 30, 2024
Commitments and Contingencies Disclosure [Abstract]
Lease, Cost	The components of lease expense were as follows (in thousands): Three Months Ended Six Months Ended 2024 2023 2024 2023 Operating leases Operating lease cost $ 1,752 $ 1,537 $ 3,508 $ 2,969 Other lease cost 190 103 414 158 Operating lease expense 1,942 1,640 3,922 3,127 Short-term lease rent expense — 66 — 132 Total rent expense $ 1,942 $ 1,706 $ 3,922 $ 3,259
Schedule of Cash Flow, Supplemental Disclosures	Supplemental cash flow information related to leases were as follows (in thousands, except term and discount rate): Three Months Ended Six Months Ended 2024 2023 2024 2023 Operating cash flows from operating leases $ 2,093 $ 1,486 $ 4,182 $ 2,233 Right of use assets exchanged for operating lease liabilities $ — $ 3,062 $ — $ 3,062 Weighted average remaining lease term - operating leases 9.7 10.5 9.7 10.5 Weighted average remaining discount rate - operating leases 7.8 % 7.9 % 7.8 % 7.9 %
Lessee, Operating Lease, Liability, Maturity	As of June 30, 2024, future minimum payments for the operating leases are as follows (in thousands): Year Ended December 31, 2024 $ 4,180 Year Ended December 31, 2025 7,763 Year Ended December 31, 2026 5,991 Year Ended December 31, 2027 4,831 Year Ended December 31, 2028 4,403 Thereafter 31,737 Total 58,905 Less present value discount (18,210) Operating lease liabilities $ 40,695
Other Commitments	2024 $ 1,625 2025 3,275 2026 3,325 2027 3,425 2028 3,525 Thereafter 12,725 Total $ 27,900 Future payments under these agreements are as follows (in thousands): 2024 $ 11,865 2025 13,748 2026 13,748 2027 13,748 2028 4,583 Total $ 57,692

Liquidity, Going Concern and _2

Liquidity, Going Concern and Management Plans - Narrative (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023
Compensating Balances [Line Items]
Cash, cash equivalents, restricted cash, and restricted cash equivalents	$ 161,328		$ 161,328		$ 251,420
Working capital deficit	(165,300)		(165,300)
Accumulated deficit	(1,926,824)		(1,926,824)		$ (1,845,542)
Net loss from continuing operations	(25,833)	$ (54,209)	(82,162)	$ (137,577)
2026 Convertible notes | Convertible Debt
Compensating Balances [Line Items]
Debt instrument, repurchased face amount	$ 27,000		27,000
Sales agreement
Compensating Balances [Line Items]
Proceeds from issuance of common stock			36,900
Deduction of commission and expenses			$ 800
Issuance of common stock, net of offering costs (in shares)			28,791,969
Weighted average gross sale price per share	$ 1.31		$ 1.31

Summary of Significant Accoun_4

Summary of Significant Accounting Policies - Cash and Cash Equivalents (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Accounting Policies [Abstract]
Cash and cash equivalents	$ 155,189	$ 245,278
Restricted cash	6,139	6,142
Total cash, cash equivalents and restricted cash	$ 161,328	$ 251,420

Summary of Significant Accoun_5

Summary of Significant Accounting Policies - Narrative (Details) $ in Thousands	6 Months Ended
	Jun. 30, 2024 USD ($) segment	Jun. 30, 2023 USD ($)	Dec. 31, 2023 USD ($)
Product Information [Line Items]
Number of operating segments | segment	1
Assets	$ 1,108,848		$ 1,232,640
Liabilities	854,617		948,815
Repayments of convertible debt	14,657	$ 0
Convertible Debt
Product Information [Line Items]
Repayments of convertible debt	12,100
Debt Instrument, Increase, Accrued Interest	15,000
2026 Notes | Convertible Debt
Product Information [Line Items]
Long-term debt	19,900
Debt instrument, repurchased face amount	27,100
Variable Interest Entity, Primary Beneficiary
Product Information [Line Items]
Assets	11,800		13,500
Liabilities	$ 1,700		$ 3,000

Summary of Significant Accoun_6

Summary of Significant Accounting Policies - Calculation of Basic and Diluted Net Loss Per Share (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended				6 Months Ended
	Jun. 30, 2024	Mar. 31, 2024	Jun. 30, 2023	Mar. 31, 2023	Jun. 30, 2024	Jun. 30, 2023
Basic loss per share:
Net loss from continuing operations	$ (25,833)		$ (54,209)		$ (82,162)	$ (137,577)
Less: Net loss attributable to non-controlling interest	455	$ 574	10	$ 11	1,029	21
Net loss from continuing operations available to common shareholders	(25,378)		(54,199)		(81,133)	(137,556)
Less: Net income (loss) from discontinued operations, net of tax	106		4,259		(149)	4,003
Net loss attributable to common shareholders	$ (25,272)		$ (49,940)		$ (81,282)	$ (133,553)
Shares used in computation:
Basic (in shares)	311,253,856		291,720,400		305,339,121	258,646,559
Diluted (in shares)	311,253,856		291,720,400		305,339,121	258,646,559
Basic loss per share from continuing operations (in dollars per share)	$ (0.08)		$ (0.19)		$ (0.27)	$ (0.53)
Diluted loss per share from continuing operations (in dollars per share)	(0.08)		(0.19)		(0.27)	(0.53)
Basic loss per share from discontinued operations (in dollars per share)	0		0.02		0	0.02
Diluted loss per share from discontinued operations (in dollars per share)	0		0.02		0	0.02
Basic loss per share (in usd per share)	(0.08)		(0.17)		(0.27)	(0.51)
Diluted loss per share (in usd per share)	$ (0.08)		$ (0.17)		$ (0.27)	$ (0.51)

Summary of Significant Accoun_7

Summary of Significant Accounting Policies - Schedule of Anti-dilutive Securities Excluded from Computation of Earnings Per Share (Details) - shares	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share, amount (in shares)	91,208,286	40,535,501
Warrants to purchase common stock
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share, amount (in shares)	166,670	166,670
Stock options
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share, amount (in shares)	18,859,624	19,192,053
Unvested restricted stock units
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share, amount (in shares)	23,066,094	14,210,700
Convertible notes variable settlement feature
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share, amount (in shares)	49,115,898	6,966,078

Discontinued Operations - Net L

Discontinued Operations - Net Loss From Discontinued Operations (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Operating expenses
Net income (loss) from discontinued operations before income taxes	$ 106	$ 4,259	$ (149)	$ 4,003
Income tax benefit	0	0	0	0
Net income (loss) from discontinued operations	106	4,259	(149)	4,003
Discontinued Operations | Fubo Gaming
Revenues
Total revenues	0	0	0	0
Operating expenses
Sales and marketing	0	0	0	(59)
Technology and development	0	0	0	17
General and administrative	24	481	279	746
Gain on extinguishment of liabilities	(130)	(4,740)	(130)	(4,740)
Impairment of goodwill, intangible assets, and other long-lived assets, net	0	0	0	33
Total operating expenses	(106)	(4,259)	149	(4,003)
Operating income (loss)	106	4,259	(149)	4,003
Net income (loss) from discontinued operations before income taxes	106	4,259	(149)	4,003
Discontinued Operations | Wagering | Fubo Gaming
Revenues
Total revenues	$ 0	$ 0	$ 0	$ 0

Discontinued Operations- Narrat

Discontinued Operations- Narrative (Details) - USD ($) $ in Millions	Jun. 30, 2024	Dec. 31, 2023
Fubo Gaming
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Disposal group, including discontinued operation, accrued expenses and other current liabilities	$ 19.1	$ 19.6

Revenue from Contracts with C_3

Revenue from Contracts with Customers - Schedule of Disaggregated Revenue (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Disaggregation of Revenue [Line Items]
Total revenues	$ 390,965	$ 312,735	$ 793,312	$ 637,109
Subscription
Disaggregation of Revenue [Line Items]
Total revenues	362,936	288,994	736,650	589,869
Subscription | United States and Canada (North America)
Disaggregation of Revenue [Line Items]
Total revenues	354,887	281,088	720,457	574,346
Subscription | Rest of world
Disaggregation of Revenue [Line Items]
Total revenues	8,049	7,906	16,193	15,523
Advertising
Disaggregation of Revenue [Line Items]
Total revenues	26,285	23,070	53,754	45,791
Advertising | United States and Canada (North America)
Disaggregation of Revenue [Line Items]
Total revenues	26,028	22,820	53,253	45,335
Advertising | Rest of world
Disaggregation of Revenue [Line Items]
Total revenues	$ 257	$ 250	$ 501	$ 456

Revenue from Contracts with C_4

Revenue from Contracts with Customers - Narrative (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Revenue from Contract with Customer [Abstract]
Deferred revenue	$ 86,340	$ 90,203

Property and equipment, net (De

Property and equipment, net (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 11,429	$ 9,783
Less: Accumulated depreciation	(5,641)	(4,948)
Total property and equipment, net	$ 5,788	4,835
Furniture and fixtures
Property, Plant and Equipment [Line Items]
Useful Life (Years)	5 years
Property, plant and equipment, gross	$ 533	532
Computer equipment
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 5,582	3,949
Computer equipment | Minimum
Property, Plant and Equipment [Line Items]
Useful Life (Years)	3 years
Computer equipment | Maximum
Property, Plant and Equipment [Line Items]
Useful Life (Years)	5 years
Leasehold improvements
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 5,314	$ 5,302

Property and equipment, net - N

Property and equipment, net - Narrative (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Property, Plant and Equipment [Abstract]
Depreciation	$ 0.3	$ 0.4	$ 0.7	$ 0.8

Intangible Assets and Goodwil_2

Intangible Assets and Goodwill - Schedule of Intangible Assets (Details) - USD ($) $ in Thousands	3 Months Ended	6 Months Ended
	Mar. 31, 2024	Jun. 30, 2024	Dec. 31, 2023
Finite-Lived Intangible Assets [Line Items]
Intangible Assets		$ 267,333	$ 293,494
Accumulated Amortization		(120,280)	(135,046)
Net Balance		$ 147,053	$ 158,448
Minimum
Finite-Lived Intangible Assets [Line Items]
Useful Life (Years)		9 years
Maximum
Finite-Lived Intangible Assets [Line Items]
Useful Life (Years)		2 years
Customer relationships
Finite-Lived Intangible Assets [Line Items]
Useful Life (Years)			2 years
Weighted Average Remaining Life (Years)	0 years
Intangible Assets			$ 32,729
Accumulated Amortization			(32,729)
Net Balance			0
Trade names
Finite-Lived Intangible Assets [Line Items]
Weighted Average Remaining Life (Years)	5 years 2 months 12 days	4 years 8 months 12 days
Intangible Assets		$ 38,840	38,859
Accumulated Amortization		(18,680)	(16,578)
Net Balance		$ 20,160	$ 22,281
Trade names | Minimum
Finite-Lived Intangible Assets [Line Items]
Useful Life (Years)		2 years	2 years
Trade names | Maximum
Finite-Lived Intangible Assets [Line Items]
Useful Life (Years)		9 years	9 years
Capitalized internal use software
Finite-Lived Intangible Assets [Line Items]
Useful Life (Years)		3 years	3 years
Weighted Average Remaining Life (Years)	2 years 3 months 18 days	2 years
Intangible Assets		$ 32,600	$ 25,770
Accumulated Amortization		(10,488)	(5,893)
Net Balance		$ 22,112	19,877
Software and technology
Finite-Lived Intangible Assets [Line Items]
Weighted Average Remaining Life (Years)	5 years 1 month 6 days	4 years 7 months 6 days
Intangible Assets		$ 195,893	196,136
Accumulated Amortization		(91,112)	(79,846)
Net Balance		$ 104,781	$ 116,290
Software and technology | Minimum
Finite-Lived Intangible Assets [Line Items]
Useful Life (Years)		3 years	3 years
Software and technology | Maximum
Finite-Lived Intangible Assets [Line Items]
Useful Life (Years)		9 years	9 years

Intangible Assets and Goodwil_3

Intangible Assets and Goodwill - Narrative (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Finite-Lived Intangible Assets [Line Items]
Amortization of intangible assets	$ 9.2	$ 8.5	$ 18.1	$ 16.9
Goodwill, impaired, accumulated impairment loss	$ 148.1		$ 148.1
Maximum
Finite-Lived Intangible Assets [Line Items]
Useful Life (Years)	2 years		2 years
Minimum
Finite-Lived Intangible Assets [Line Items]
Useful Life (Years)	9 years		9 years

Intangible Assets and Goodwil_4

Intangible Assets and Goodwill - Intangible Assets Amortization Expense (Details) $ in Thousands	Jun. 30, 2024 USD ($)
Goodwill and Intangible Assets Disclosure [Abstract]
2023	$ 18,850
2024	35,938
2025	33,554
2026	27,527
2027	25,075
Thereafter	6,109
Total	$ 147,053

Intangible Assets and Goodwil_5

Intangible Assets and Goodwill - Schedule of Goodwill (Details) $ in Thousands	6 Months Ended
	Jun. 30, 2024 USD ($)
Goodwill [Roll Forward]
Beginning balance	$ 622,818
Foreign currency translation adjustment	(3,863)
Ending balance	$ 618,955

Accounts Payable, Accrued Exp_3

Accounts Payable, Accrued Expenses, and Other Liabilities - (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Payables and Accruals [Abstract]
Affiliate fees	$ 231,260	$ 266,089
Broadcasting and transmission	12,619	13,097
Selling and marketing	12,408	33,925
Accrued compensation	9,551	13,218
Legal and professional fees	7,252	3,672
Sales tax	46,574	42,590
Accrued interest	7,498	4,671
Subscriber related	2,223	1,624
Shares settled liability	6,977	5,131
Other	11,407	11,970
Total	$ 347,769	$ 395,987

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Income Tax Disclosure [Abstract]
Income tax (provision) benefit	$ (99)	$ 121	$ (212)	$ 235
Effective tax rate	(0.38%)	0.22%	(0.26%)	0.17%

Notes Payable, Long-Term Borr_3

Notes Payable, Long-Term Borrowing, and Convertible Notes Notes - Schedule of Notes Payable and Long-Term Borrowings (Details) - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2024	Dec. 31, 2023	Feb. 02, 2021
Short-term Debt [Line Items]
Principal Balance	$ 346,161	$ 401,842
Capitalized Interest	3,934	3,593
Debt Premium (Discount)	10,593	(5,752)
Long-term debt, gross	$ 360,688	$ 399,683
2026 Convertible Notes
Short-term Debt [Line Items]
Stated Interest Rate	3.25%	3.25%	3.25%
Principal Balance	$ 164,639	$ 397,500
Capitalized Interest	0	0
Debt Premium (Discount)	(1,841)	(5,752)
Long-term debt, gross	$ 162,798	$ 391,748
2029 Convertible Notes
Short-term Debt [Line Items]
Stated Interest Rate	7.50%
Principal Balance	$ 177,506
Capitalized Interest	0
Debt Premium (Discount)	12,434
Long-term debt, gross	$ 189,940
Note payable
Short-term Debt [Line Items]
Stated Interest Rate	10%	10%
Principal Balance	$ 2,700	$ 2,700
Capitalized Interest	3,925	3,585
Debt Premium (Discount)	0	0
Long-term debt, gross	$ 6,625	$ 6,285
Bpifrance
Short-term Debt [Line Items]
Stated Interest Rate	2.25%	2.25%
Principal Balance	$ 1,286	$ 1,612
Capitalized Interest	0	0
Debt Premium (Discount)	0	0
Long-term debt, gross	$ 1,286	$ 1,612
Other
Short-term Debt [Line Items]
Stated Interest Rate	4%	4%
Principal Balance	$ 30	$ 30
Capitalized Interest	9	8
Debt Premium (Discount)	0	0
Long-term debt, gross	$ 39	$ 38

Notes Payable, Long-Term Borr_4

Notes Payable, Long-Term Borrowing, and Convertible Notes - Narrative (Details) $ / shares in Units, $ in Thousands				3 Months Ended			6 Months Ended
	Jan. 02, 2025 vote	Jan. 02, 2024 USD ($) d $ / shares	Feb. 02, 2021 USD ($) d $ / shares	Jun. 30, 2024 USD ($) $ / shares	Mar. 31, 2024 USD ($)	Jun. 30, 2023 USD ($)	Jun. 30, 2024 USD ($) $ / shares	Jun. 30, 2023 USD ($)	Dec. 31, 2023 USD ($)	Oct. 01, 2018 USD ($)
Short-term Debt [Line Items]
Repayments of convertible debt							$ 14,657	$ 0
Gain on extinguishment of debt				$ 12,124		$ 0	21,761	0
Amortization of debt (premium) discount, net							(521)	1,268
Principal Balance				$ 346,161			346,161		$ 401,842
Chief executive officer
Short-term Debt [Line Items]
Debt instrument, periodic payment							$ 300
Molotov SAS
Short-term Debt [Line Items]
Debt interest rate				2.25%			2.25%
Principal Balance				$ 3,700			$ 3,700
Evolution AI Corporation EAI | Note payable
Short-term Debt [Line Items]
Debt interest rate										10%
Principal Balance										$ 2,700
Interest payable				3,600			3,600
Evolution AI Corporation EAI | Interest and Penalties
Short-term Debt [Line Items]
Debt instrument, periodic payment					$ 6,300		6,600
Convertible Debt
Short-term Debt [Line Items]
Repayments of convertible debt							12,100
2026 Convertible notes
Short-term Debt [Line Items]
Convertible notes payable			$ 402,500	$ 164,600			$ 164,600
Debt interest rate			3.25%	3.25%			3.25%		3.25%
Proceeds from convertible note, net of issuance costs			$ 389,400
Payments of stock issuance costs			$ 13,100
Debt instrument, convertible, conversion price (in usd per share) | $ / shares			$ 57.78
Debt instrument, convertible, threshold trading days | d			20
Debt instrument, convertible, threshold consecutive trading days | d			30
Debt instrument, convertible, threshold percentage of stock price trigger			130%
Redemption price, percentage			100%
Interest expense				$ 300			$ 3,400	6,500
Amortization of debt (premium) discount, net				300		$ 600	600	$ 1,300
Principal Balance				164,639			164,639		$ 397,500
2026 Convertible notes | Convertible Debt
Short-term Debt [Line Items]
Convertible notes payable		$ 205,800
Debt instrument, repurchased face amount				27,000			27,000
Long-term debt				26,700			26,700
Repayments of convertible debt				14,700			14,700
Gain on extinguishment of debt				12,100			12,100
2026 Convertible notes | Fair Value, Inputs, Level 2
Short-term Debt [Line Items]
Convertible notes payable				$ 98,200			$ 98,200		288,200
2026 Convertible notes | Debt Instrument, Redemption, Period One
Short-term Debt [Line Items]
Debt instrument, convertible, threshold trading days | d			20
Debt instrument, convertible, threshold consecutive trading days | d			30
Debt instrument, convertible, threshold percentage of stock price trigger			130%
2026 Convertible notes | Debt Instrument, Redemption, Period Two
Short-term Debt [Line Items]
Debt instrument, convertible, threshold trading days | d			5
Debt instrument, convertible, threshold consecutive trading days | d			5
Debt instrument, convertible, maximum percentage of product of sales price and conversion rate			98%
2029 Convertible Notes
Short-term Debt [Line Items]
Debt interest rate				7.50%			7.50%
Debt instrument, convertible, conversion price (in usd per share) | $ / shares		$ 3.84
Interest expense							$ 1,600
Amortization of debt (premium) discount, net				$ 600			1,100
Unamortized financing costs		$ 4,200
Principal Balance				$ 177,506			$ 177,506
2029 Convertible Notes | Convertible Debt
Short-term Debt [Line Items]
Convertible notes payable		$ 177,500
Debt instrument, convertible, conversion price (in usd per share) | $ / shares				$ 0.2606474			$ 0.2606474
Debt instrument, convertible, threshold consecutive trading days | d		20
Debt instrument, convertible, threshold percentage of stock price trigger		130%
Debt instrument, convertible, threshold consecutive trading day immediately after measurement period		5 days
Debt instrument, convertible, threshold percentage of notes trading price trigger		98%
2029 Convertible Notes | Convertible Debt | Forecast
Short-term Debt [Line Items]
Debt instrument, convertible, threshold trading days | vote	30
Debt instrument, convertible, threshold consecutive trading days | vote	20
Debt instrument, convertible, threshold percentage of stock price trigger	200%
Debt instrument, convertible, threshold consecutive trading day before notice	10 days
2029 Convertible Notes | Convertible Debt | Base Rate
Short-term Debt [Line Items]
Debt interest rate		7.50%
2029 Convertible Notes | Convertible Debt | Paid in Kind
Short-term Debt [Line Items]
Debt interest rate		10%
2029 Convertible Notes | Fair Value, Inputs, Level 2
Short-term Debt [Line Items]
Convertible notes payable				$ 151,300			$ 151,300
BPi France | Molotov Acquisition
Short-term Debt [Line Items]
Principal balance				$ 1,300			$ 1,300		$ 1,600
Other
Short-term Debt [Line Items]
Debt interest rate				4%			4%		4%
Principal Balance				$ 30			$ 30		$ 30

Fair Value Measurements - Asset

Fair Value Measurements - Assets and Liabilities Measured at Fair Value on a Recurring Basis (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Financial assets at fair value:
Total financial assets at fair value	$ 112,538	$ 205,074
Money Market Funds
Financial assets at fair value:
Cash and cash equivalents	112,538	205,074
Fair Value, Inputs, Level 1
Financial assets at fair value:
Total financial assets at fair value	112,538	205,074
Fair Value, Inputs, Level 1 | Money Market Funds
Financial assets at fair value:
Cash and cash equivalents	112,538	205,074
Fair Value, Inputs, Level 2
Financial assets at fair value:
Total financial assets at fair value	0	0
Fair Value, Inputs, Level 2 | Money Market Funds
Financial assets at fair value:
Cash and cash equivalents	0	0
Fair Value, Inputs, Level 3
Financial assets at fair value:
Total financial assets at fair value	0	0
Fair Value, Inputs, Level 3 | Money Market Funds
Financial assets at fair value:
Cash and cash equivalents	$ 0	$ 0

Fair Value Measurements - Narra

Fair Value Measurements - Narrative (Details) - USD ($)	Jun. 30, 2024	Dec. 31, 2023
Fair Value Disclosures [Abstract]
Warrant Liability	$ 0	$ 0

Shareholders_ Equity - Agreemen

Shareholders’ Equity - Agreement Narrative (Details) $ / shares in Units, $ in Thousands				3 Months Ended			6 Months Ended
	Aug. 12, 2022 shares	Aug. 04, 2022 USD ($)	Aug. 13, 2021	Jun. 30, 2024 USD ($) $ / shares	Jun. 30, 2023 USD ($)	Mar. 31, 2023 USD ($)	Jun. 30, 2024 USD ($) $ / shares shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Issuance of common stock, net of offering costs				$ 36,838	$ 10,855	$ 106,057
Business days within start of effective date							10 days
Framework Agreement - Projects
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock issued during period, shares, percentage							0.80
Framework Agreement - Network
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock issued during period, shares, percentage							0.20
Share-based Payment Arrangement, Period One
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Collaborative agreement, common shares determination, basis amount							$ 10,000
Collaborative agreement, common shares determination, weighted average closing price trading day period							30 years
Stock issued during period, other, effective date anniversary business days period							10 years
Share-based Payment Arrangement, Period Two
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Collaborative agreement, common shares determination, basis amount							$ 10,000
Collaborative agreement, common shares determination, weighted average closing price trading day period							30 years
Stock issued during period, other, effective date anniversary business days period							10 years
Restricted Common Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock issued during period, shares, other | shares	2,000,000
2022 ATM Offering
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Sale of stock, shares remaining to be sold, amount				$ 118,700			$ 118,700
Sales agreement
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Issuance of common stock, net of offering costs (in shares) | shares							28,791,969
Weighted average gross sale price per share | $ / shares				$ 1.31			$ 1.31
Proceeds from issuance of common stock							$ 36,900
Deduction of commission and expenses							$ 800
Evercore Group LLC Needham and Company LLC and Oppenheimer and Co Inc | Sales agreement
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Issuance of common stock, net of offering costs		$ 350,000
Commission rate percentage			3%

Shareholders_ Equity - Share-Ba

Shareholders’ Equity - Share-Based Narrative (Details) $ / shares in Units, $ in Thousands

3 Months Ended

6 Months Ended

12 Months Ended

Jun. 17, 2024 shares

Apr. 04, 2024 USD ($) shares

Nov. 20, 2023 shares

May 09, 2023 USD ($) shares

Apr. 20, 2023 $ / shares shares

Nov. 03, 2021 USD ($) shares

Jun. 30, 2024 USD ($) $ / shares shares

Jun. 30, 2023 USD ($) shares

Jun. 30, 2024 USD ($) installment $ / shares shares

Jun. 30, 2023 USD ($) shares

Dec. 31, 2023 USD ($)

Aug. 07, 2023 shares

Aug. 12, 2022 $ / shares shares

Oct. 08, 2020 shares

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Class of warrant or right, number of shares called by warrants or rights | shares

166,667

Class of warrant or right, exercise price of warrants or rights (in usd per share) | $ / shares

$ 15

Number of trading days

30 days

Class of warrant or right, weighted average closing share price (in usd per share) | $ / shares

$ 30

Warrants and rights outstanding, term

1 year 8 months 12 days

1 year 8 months 12 days

Share-based payment arrangement, expense

$ 10,308

$ 13,056

$ 23,285

$ 26,744

Share-based compensation arrangement by share-based payment award, options, grants in period, gross (in shares) | shares

0

0

Share-based payment arrangement, nonvested award, option, cost not yet recognized, amount

$ 800

$ 800

Share-based payment arrangement, nonvested award, cost not yet recognized, period for recognition

2 years

Performance period

5 years

Number of installments | installment

3

Chief executive officer

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Share-based compensation arrangement by share-based payment award, options, grants in period, gross (in shares) | shares

636,298

636,298

Total Intrinsic Value

$ 800

$ 800

Options vested and exercisable (in usd per share) | $ / shares

$ 2.02

$ 2.02

Framework Agreement

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Share-based payment arrangement, expense

$ 900

$ 1,800

$ 1,800

$ 3,700

Framework Agreement | Accrued Expenses and Other Current Liabilities

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Share-based payment arrangement, expense

$ 7,000

$ 5,100

2020 Equity Incentive Plan

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Share-based compensation arrangement by share-based payment award, number of additional shares authorized | shares

20,000,000

Share-based compensation arrangement by share-based payment award, number of shares available for grant | shares

24,641,050

24,641,050

2015 Plan

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Share-based compensation arrangement by share-based payment award, number of shares available for grant | shares

0

0

2022 Inducement Plan

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Share-based compensation arrangement by share-based payment award, number of shares available for grant | shares

0

0

2023 Inducement Plan

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Share-based compensation arrangement by share-based payment award, number of shares available for grant | shares

3,000,000

Warrant

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Class of warrant or right, outstanding | shares

400,000

Total Intrinsic Value

$ 0

$ 0

$ 0

Weighted Average Remaining Contractual Life (Years)

8 years 1 month 6 days

8 years 7 months 6 days

Market and service condition based options

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Share-based compensation arrangement by share-based payment award, options, grants in period, gross (in shares) | shares

0

0

Performance shares

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Share-based compensation arrangement by share-based payment award, options, grants in period, gross (in shares) | shares

4,100,000

Share-based compensation arrangement by share-based payment award, number of shares authorized (in shares) | shares

4,100,000

Grants in period, weighted average grant date fair value (in usd per share) | $ / shares

$ 10

Options, nonvested, number of shares | shares

3,280,000

Share-based compensation arrangement by share-based payment award, options, vested, number of shares | shares

820,000

Share-based compensation arrangement by share-based payment award, options, vested in period, fair value

1,200

Performance shares | Measurement Input, EBITDA Multiple

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Award vesting rights, percentage

50%

Performance shares | Measurement Input, Revenue Criteria

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Award vesting rights, percentage

25%

Performance shares | Measurement Input, Subscribers Achieved

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Award vesting rights, percentage

25%

Service-Based Restricted Stock Awards

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Share-based payment arrangement, expense

$ 23,000

Share-based payment arrangement, nonvested award, option, cost not yet recognized, amount

8,400

$ 8,400

Granted (in shares) | shares

1,600,000

Share-based payment arrangement, expense, after tax

1,900

1,900

$ 3,800

$ 3,800

Service-Based Restricted Stock Awards | Share-based Payment Arrangement, Period One

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Share-based payment arrangement, expense

7,000

Service-Based Restricted Stock Awards | Share-based Payment Arrangement, Period Two

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Share-based payment arrangement, expense

8,000

Service-Based Restricted Stock Awards | Share-based Payment Arrangement, Period Three

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Share-based payment arrangement, expense

$ 8,000

Share-based payment arrangement, nonvested award, cost not yet recognized, period for recognition

3 years

Service-Based Restricted Stock Awards | Accrued Expenses And Other Current Liabilities And Other Long-Term Liabilities

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Share-based payment arrangement, nonvested award, option, cost not yet recognized, amount

5,100

$ 5,100

Performance-Based Restricted Stock Awards

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Share-based payment arrangement, expense

700

$ 700

$ 1,400

$ 1,400

Share-based payment arrangement, nonvested award, cost not yet recognized, period for recognition

2 years

Granted (in shares) | shares

400,000

Share-based payment arrangement, nonvested award, excluding option, cost not yet recognized, amount

5,700

$ 5,700

Total Intrinsic Value

300

300

Performance-Based Restricted Stock Awards | Share-based Payment Arrangement, Period One

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Share-based payment arrangement, expense

1,700

Performance-Based Restricted Stock Awards | Share-based Payment Arrangement, Period Two

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Share-based payment arrangement, expense

2,000

Performance-Based Restricted Stock Awards | Share-based Payment Arrangement, Period Three

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Share-based payment arrangement, expense

2,000

Performance-Based Restricted Stock Awards | Accrued Expenses And Other Current Liabilities And Other Long-Term Liabilities

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Share-based payment arrangement, nonvested award, option, cost not yet recognized, amount

1,900

$ 1,900

Restricted stock

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Granted (in shares) | shares

2,902,139

Forfeited or expired (in shares) | shares

1,617,414

Restricted stock | Chief executive officer

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Granted (in shares) | shares

1,851,852

Share-based compensation arrangement by share-based payment award, options, vested in period, fair value

$ 2,900

Restricted stock units (RSUs)

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Share-based payment arrangement, nonvested award, option, cost not yet recognized, amount

55,300

$ 55,300

Granted (in shares) | shares

1,050,287

Total Intrinsic Value

25,100

$ 25,100

Award vesting period

4 years

Equity instruments other than options, vested in period, fair value

$ 1,500

Weighted Average Remaining Contractual Life (Years)

2 years 8 months 12 days

Restricted stock units (RSUs) | Director

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Award vesting period

1 year

Performance based restricted stock units

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Share-based payment arrangement, expense

800

$ 1,600

Share-based payment arrangement, nonvested award, option, cost not yet recognized, amount

5,200

5,200

Options, nonvested, number of shares | shares

1,140,000

Share-based compensation arrangement by share-based payment award, options, vested in period, fair value

$ 7,200

Granted (in shares) | shares

1,900,000

947,035

Award vesting period

5 years

Share based compensation arrangement by share based payment award non options granted in period fair value

$ 1,000

$ 64,400

Shares received at target performance | shares

1,851,852

730,338

Shares received at maximum performance | shares

2,777,778

1,095,507

Forfeited or expired (in shares) | shares

189,825

Performance based restricted stock units | Share-Based Payment Arrangement, Tranche One

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Share based compensation arrangement by share based payment award non options granted in period fair value

$ 700

Performance based restricted stock units | Share-Based Payment Arrangement, Tranche Two

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Share based compensation arrangement by share based payment award non options granted in period fair value

$ 400

Performance based restricted stock units | Measurement Input, EBITDA Multiple

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Award vesting rights, percentage

50%

Performance based restricted stock units | Measurement Input, Revenue Criteria

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Award vesting rights, percentage

25%

Performance based restricted stock units | Measurement Input, Subscribers Achieved

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Award vesting rights, percentage

25%

Executive PRSU

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Share-based payment arrangement, nonvested award, option, cost not yet recognized, amount

$ 900

$ 900

Share-based compensation arrangement by share-based payment award, options, vested in period, fair value

$ 1,900

Granted (in shares) | shares

569,475

Forfeited or expired (in shares) | shares

189,825

Executive PRSU | Measurement Input, EBITDA Multiple

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Award vesting rights, percentage

50%

Executive PRSU | Measurement Input, Revenue Criteria

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Award vesting rights, percentage

25%

Executive PRSU | Measurement Input, Subscribers Achieved

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Award vesting rights, percentage

25%

Shareholders_ Equity - Schedule

Shareholders’ Equity - Schedule of Warrants Activity (Details) - Warrant - USD ($) $ / shares in Units, $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2024	Dec. 31, 2023
Number of Shares
Beginning balance (in shares)	166,670
Ending balance (in shares)	166,670	166,670
Weighted Average Exercise Price
Beginning balance (in usd per share)	$ 17.40
Ending balance (in usd per share)	$ 17.40	$ 17.40
Total Intrinsic Value	$ 0	$ 0
Weighted Average Remaining Contractual Life (Years)	8 years 1 month 6 days	8 years 7 months 6 days

Shareholders_ Equity - Schedu_2

Shareholders’ Equity - Schedule of Recognized Stock-Based Compensation Expense (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based payment arrangement, expense	$ 10,308	$ 13,056	$ 23,285	$ 26,744
Subscriber related
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based payment arrangement, expense	79	57	158	109
Sales and marketing
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based payment arrangement, expense	4,670	5,990	9,377	12,663
Technology and development
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based payment arrangement, expense	2,631	2,980	6,509	6,022
General and administrative
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based payment arrangement, expense	$ 2,928	$ 4,029	$ 7,241	$ 7,950

Shareholders_ Equity - Schedu_3

Shareholders’ Equity - Schedule of Stock Option Activity (Details) $ / shares in Units, $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2024 USD ($) $ / shares shares	Dec. 31, 2023 USD ($) $ / shares shares
Number of Shares
Outstanding at beginning of period (in shares) | shares	10,475,607
Exercised (in shares) | shares	(4,042)
Forfeited or expired (in shares) | shares	(165,238)
Outstanding at end of period (in shares) | shares	10,306,327	10,475,607
Options vested and exercisable (in shares) | shares	9,678,666
Weighted Average Exercise Price
Weighted average exercise price, beginning balance (in usd per share) | $ / shares	$ 6.31
Exercised (in usd per share) | $ / shares	0.87
Forfeited or expired (in usd per share) | $ / shares	12.57
Weighted average exercise price, ending balance (in usd per share) | $ / shares	6.21	$ 6.31
Options vested and exercisable (in usd per share) | $ / shares	$ 6.44
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Additional Disclosures [Abstract]
Total Intrinsic Value | $	$ 1,009	$ 6,534
Options vested and exercisable, intrinsic value | $	$ 1,009
Weighted Average Remaining Contractual Life (Years)	4 years 10 months 24 days	5 years 3 months 18 days
Options vested and exercisable, weighted average remaining contractual term	4 years 9 months 18 days
Market and service condition based options
Number of Shares
Outstanding at beginning of period (in shares) | shares	4,453,297
Outstanding at end of period (in shares) | shares	4,453,297	4,453,297
Options vested and exercisable (in shares) | shares	3,994,964
Weighted Average Exercise Price
Weighted average exercise price, beginning balance (in usd per share) | $ / shares	$ 12.75
Weighted average exercise price, ending balance (in usd per share) | $ / shares	12.75	$ 12.75
Options vested and exercisable (in usd per share) | $ / shares	$ 11.96
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Additional Disclosures [Abstract]
Total Intrinsic Value | $	$ 0	$ 0
Options vested and exercisable, intrinsic value | $	$ 0
Weighted Average Remaining Contractual Life (Years)	3 years 2 months 12 days	3 years 8 months 12 days
Options vested and exercisable, weighted average remaining contractual term	3 years 1 month 6 days

Shareholders_ Equity - Weighted

Shareholders’ Equity - Weighted Average Assumptions (Details) - Share-based payment arrangement, option	3 Months Ended	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2024
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-Based Compensation Arrangement by Share-Based Payment Award, Fair Value Assumptions, Expected Dividend Rate	0%	0%
Share-Based Compensation Arrangement by Share-Based Payment Award, Fair Value Assumptions, Expected Volatility Rate	49.80%	49.80%
Share-Based Compensation Arrangement by Share-Based Payment Award, Fair Value Assumptions, Risk Free Interest Rate	3.90%	3.90%
Share-Based Compensation Arrangement by Share-Based Payment Award, Fair Value Assumptions, Expected Term	6 years	6 years

Shareholders_ Equity - Schedu_4

Shareholders’ Equity - Schedule of Restricted Stock Unit Activity (Details) - $ / shares		6 Months Ended
	Nov. 03, 2021	Jun. 30, 2024
Restricted stock
Number of Shares
Unvested at beginning of period (in shares)		20,313,775
Granted (in shares)		2,902,139
Vested (in shares)		(1,325,450)
Forfeited or expired (in shares)		(1,617,414)
Unvested at end of period (in shares)		20,273,050
Weighted Average Exercise Price
Unvested at beginning of period (in usd per share)		$ 3.85
Granted (in usd per share)		1.50
Vested (in usd per share)		4.41
Forfeited or expired (in usd per share)		5.14
Unvested at end of period (in usd per share)		$ 3.37
Performance based restricted stock units
Number of Shares
Unvested at beginning of period (in shares)		2,035,834
Granted (in shares)	1,900,000	947,035
Forfeited or expired (in shares)		(189,825)
Unvested at end of period (in shares)		2,793,044
Weighted Average Exercise Price
Unvested at beginning of period (in usd per share)		$ 20.23
Granted (in usd per share)		1.55
Forfeited or expired (in usd per share)		3.26
Unvested at end of period (in usd per share)		$ 15.05

Commitments and Contingencies -

Commitments and Contingencies - Schedule of Operating Leases (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Commitments and Contingencies Disclosure [Abstract]
Operating lease cost	$ 1,752,000	$ 1,537,000	$ 3,508,000	$ 2,969,000
Other lease cost	190,000	103,000	414,000	158,000
Operating lease expense	1,942,000	1,640,000	3,922,000	3,127,000
Short-term lease rent expense	0	66,000	0	132,000
Total rent expense	$ 1,942,000	$ 1,706,000	$ 3,922,000	$ 3,259,000

Commitments and Contingencies_2

Commitments and Contingencies - Schedule of Supplemental Cash Flow Information (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Commitments and Contingencies Disclosure [Abstract]
Operating cash flows from operating leases	$ 2,093,000	$ 1,486,000	$ 4,182,000	$ 2,233,000
Right of use assets exchanged for operating lease liabilities	$ 0	$ 3,062,000	$ 0	$ 3,062,000
Weighted average remaining lease term - operating leases	9 years 8 months 12 days	10 years 6 months	9 years 8 months 12 days	10 years 6 months
Weighted average remaining discount rate - operating leases	7.80%	7.90%	7.80%	7.90%

Commitments and Contingencies_3

Commitments and Contingencies - Schedule of Future Minimum Payments for Operating Leases (Details) $ in Thousands	Jun. 30, 2024 USD ($)
Commitments and Contingencies Disclosure [Abstract]
Year Ended December 31, 2024	$ 4,180
Year Ended December 31, 2025	7,763
Year Ended December 31, 2026	5,991
Year Ended December 31, 2027	4,831
Year Ended December 31, 2028	4,403
Thereafter	31,737
Total	58,905
Less present value discount	(18,210)
Operating lease liabilities	$ 40,695

Commitment and Contingencies -

Commitment and Contingencies - Market Access Agreements (Details) $ in Thousands	Jun. 30, 2024 USD ($)
Annual Sponsorship Agreements Member
Loss Contingencies [Line Items]
2024	$ 1,625
2025	3,275
2026	3,325
2027	3,425
2028	3,525
Thereafter	12,725
Total	27,900
Sports Rights Agreements Member
Loss Contingencies [Line Items]
2024	11,865
2025	13,748
2026	13,748
2027	13,748
2028	4,583
Total	$ 57,692

Commitments and Contingencies_4

Commitments and Contingencies - Narrative (Details) $ in Millions	6 Months Ended
	Jun. 30, 2024 USD ($)
Prepaid expenses and other current assets
Loss Contingencies [Line Items]
Prepaid contracts	$ 25.4