Schedule of Segment Reporting Information, by Segment |
The following table presents financial information with respect to the Company’s single operating segment for the three and six months ended June 30, 2025, and 2024; | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended June 30, | | Six Months Ended June 30, | (in thousands) | 2025 | | 2024 | | 2025 | | 2024 | | | | | | | | | Revenues | $ | 19,012 | | | $ | 12,395 | | | $ | 34,102 | | | $ | 24,396 | | Less: | | | | | | | | Content amortization | 3,600 | | | 4,686 | | | 7,113 | | | 9,901 | | Other cost of revenues | 5,264 | | | 1,318 | | | 8,831 | | | 2,851 | | Advertising and marketing | 3,275 | | | 2,981 | | | 6,209 | | | 6,086 | | Payroll and related | 2,457 | | | 2,504 | | | 5,089 | | | 5,156 | | Other general and administrative | 3,936 | | | 3,455 | | | 6,301 | | | 6,605 | | | | | | | | | | Total operating expenses | 18,532 | | | 14,944 | | | 33,543 | | | 30,599 | | Operating income (loss) | 480 | | | (2,549) | | | 559 | | | (6,203) | | Other segment items1 | $ | 189 | | | $ | 573 | | | $ | 457 | | | $ | (774) | | | | | | | | | | | | | | | | | | | | | | | | | | Income (loss) before income taxes | $ | 669 | | | $ | (1,976) | | | $ | 1,016 | | | $ | (6,977) | | Provision for income taxes | $ | (115) | | | $ | 55 | | | $ | (87) | | | $ | 89 | | Net income (loss) | $ | 784 | | | $ | (2,031) | | | $ | 1,103 | | | $ | (7,066) | | 1 Other segment items include changes in the fair value of warrant liabilities, interest and other income, and equity method investment loss. See the consolidated financial statements for additional information regarding the Company’s operating segment. |
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Schedule of Revenue by Geographic Location |
For the three and six months ended June 30, 2025, and 2024, revenue by geographic location based on customer location was as follows: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended June 30, | | Six Months Ended June 30, | (in thousands) | 2025 | | 2024 | | 2025 | | 2024 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | United States | $ | 14,683 | | | 77 | % | | $ | 7,616 | | | 61 | % | | $ | 25,419 | | | 75 | % | | $ | 15,041 | | | 62 | % | | | | | | | | | | | | | | | | | International | 4,329 | | | 23 | % | | 4,779 | | | 39 | % | | 8,683 | | | 25 | % | | 9,355 | | | 38 | % | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Total revenue | $ | 19,012 | | | 100 | % | | $ | 12,395 | | | 100 | % | | $ | 34,102 | | | 100 | % | | $ | 24,396 | | | 100 | % |
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