Summary of Significant Accounting Policies	6 Months Ended
Jun. 30, 2025
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	Note 2 - Summary of Significant Accounting Policies There have been no changes to the significant accounting policies described in the 2024 Form 10-K that have had a material impact on the Company’s condensed consolidated financial statements and related notes. The preparation of the condensed consolidated 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 disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates. Allowance for Doubtful Accounts Accounts receivable – net, are trade receivables net of reserves for allowances for doubtful accounts totaling $6.1 million and $6.2 million as of June 30, 2025 and December 31, 2024, respectively. The Company recorded immaterial bad debt expense for the three and six months ended June 30, 2025, and $0.4 million and $0.7 million of bad debt expense for the three and six months ended June 30, 2024, respectively. Allowance for doubtful accounts is calculated based on the current estimate of expected lifetime credit losses, which includes assumptions such as historical losses, existing economic conditions, and analysis of specific older account balances of customer and delegate accounts. Trade receivables are written off when collection efforts have been exhausted. Foreign Exchange (Loss) Gain – net The Company recognized foreign exchange loss, net of $54.8 million and $79.8 million for the three and six months ended June 30, 2025, respectively, compared with net gains of $2.4 million and $18.9 million for the three and six months ended June 30, 2024, respectively. These changes are primarily driven by volatility in foreign exchange rates, including fluctuations in the EUR related to our Old EUR Term Loans and New EUR Term Loans in the three and six months ended June 30, 2025 and 2024. See “Note 7 - Debt” for additional discussion on the Company’s debt. Minority Investments without Readily Determinable Fair Value The carrying amount of the minority investments, which is included within “Other assets” in the Condensed Consolidated Balance Sheets was $2.1 million and $1.9 million as of June 30, 2025 and December 31, 2024, respectively. The Company uses the measurement alternative for these equity investments, and their carrying value is reported at cost, adjusted for impairments, or any observable price changes in ordinary transactions with identical or similar investments. Revenue related to content consumed by the minority investees was not material during the three and six months ended June 30, 2025 and 2024. On a quarterly basis, the Company evaluates the carrying value of its long-term investments for impairment, which includes an assessment of revenue growth, earnings performance, working capital, and general market conditions. As of June 30, 2025, no adjustments to the carrying values of the Company’s long-term investments were identified as a result of this assessment. Recently Issued Accounting Pronouncements From time to time, new accounting pronouncements are issued by the Financial Accounting Standards Board (FASB) or other standard-setting bodies that are adopted by the Company as of the specified effective date. Unless otherwise discussed, the Company believes that the issued standards that are not yet effective will not have a material impact on its condensed consolidated financial statements and disclosures upon adoption.

There have been no changes to the significant accounting policies described in the 2024 Form 10-K that have had a material impact on the Company’s condensed consolidated financial statements and related notes. The preparation of the condensed consolidated 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 disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates.

Accounts receivable – net, are trade receivables net of reserves for allowances for doubtful accounts totaling $6.1 million and $6.2 million as of June 30, 2025 and December 31, 2024, respectively. The Company recorded immaterial bad debt expense for the three and six months ended June 30, 2025, and $0.4 million and $0.7 million of bad debt expense for the three and six months ended June 30, 2024, respectively.

Allowance for doubtful accounts is calculated based on the current estimate of expected lifetime credit losses, which includes assumptions such as historical losses, existing economic conditions, and analysis of specific older account balances of customer and delegate accounts. Trade receivables are written off when collection efforts have been exhausted.

The Company recognized foreign exchange loss, net of $54.8 million and $79.8 million for the three and six months ended June 30, 2025, respectively, compared with net gains of $2.4 million and $18.9 million for the three and six months ended June 30, 2024, respectively. These changes are primarily driven by volatility in foreign exchange rates, including fluctuations in the EUR related to our Old EUR Term Loans and New EUR Term Loans in the three and six months ended June 30, 2025 and 2024. See “Note 7 - Debt” for additional discussion on the Company’s debt.

The carrying amount of the minority investments, which is included within “Other assets” in the Condensed Consolidated Balance Sheets was $2.1 million and $1.9 million as of June 30, 2025 and December 31, 2024, respectively. The Company uses the measurement alternative for these equity investments, and their carrying value is reported at cost, adjusted for impairments, or any observable price changes in ordinary transactions with identical or similar investments. Revenue related to content consumed by the minority investees was not material during the three and six months ended June 30, 2025 and 2024.

On a quarterly basis, the Company evaluates the carrying value of its long-term investments for impairment, which includes an assessment of revenue growth, earnings performance, working capital, and general market conditions. As of June 30, 2025, no adjustments to the carrying values of the Company’s long-term investments were identified as a result of this assessment.

From time to time, new accounting pronouncements are issued by the Financial Accounting Standards Board (FASB) or other standard-setting bodies that are adopted by the Company as of the specified effective date. Unless otherwise discussed, the Company believes that the issued standards that are not yet effective will not have a material impact on its condensed consolidated financial statements and disclosures upon adoption.