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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
OPERATING ACTIVITIES:    
Net income (loss) $ 4,460 $ (81,954)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation and amortization 84,367 84,229
Impairments and other losses, net 79 521
Amortization of debt discount and deferred financing costs 1,024 676
Amortization of deferred production content 11,058 7,243
Deferred income tax benefit (5,326) (20,641)
Share-based compensation expense 13,910 21,595
Net unrealized and realized (gain) loss on equity investments with readily determinable fair value and loss in nonconsolidated affiliates 1,080 (811)
Loss on extinguishment of debt (2,071) 0
Other non-cash adjustments 85 747
Change in assets and liabilities:    
Accounts receivable, net (9,919) (7,604)
Related party receivables and payables, net 1,345 (4,275)
Prepaid expenses and other current and non-current assets 4,274 (36,393)
Accounts payable 11,891 258
Accrued and other current and non-current liabilities 8,716 27,300
Deferred revenue 11,779 16,004
Right-of-use lease assets and operating lease liabilities (511) (547)
Net cash provided by operating activities 136,241 6,348
INVESTING ACTIVITIES:    
Capital expenditures, net (4,889) (17,492)
Other investing activities (116) (78)
Net cash used in investing activities (5,005) (17,570)
FINANCING ACTIVITIES:    
Repayment of debt (135,000) 0
Proceeds from issuance of debt 135,000 0
Principal repayments on debt (18,851) (25,000)
Taxes paid in lieu of shares issued for share-based compensation (5,919) (1,307)
Proceeds from exercise of stock options 2,507 0
Net cash used in financing activities (22,263) (26,307)
Effect of exchange rates on cash, cash equivalents, and restricted cash (86) 98
Net increase (decrease) in cash, cash equivalents, and restricted cash 108,887 (37,431)
Cash, cash equivalents, and restricted cash at beginning of period 521,264 515,633
Cash, cash equivalents, and restricted cash at end of period 630,151 478,202
NON-CASH INVESTING AND FINANCING ACTIVITIES:    
Capital expenditures incurred but not yet paid 1,230 1,654
Share-based compensation capitalized in property and equipment $ 89 $ 326