On March 18, 2024, the Company discontinued the Sports Illustrated media business (the “SI Business”) that was operated under the Licensing Agreement with ABG-SI, LLC (“ABG”) dated June 14, 2019 (as amended to date, the “Licensing Agreement”). This discontinuation of the SI Business (i.e., discontinued operations) followed the termination of the Licensing Agreement by ABG on January 18, 2024. The last date of any obligation of the Company to perform under the Licensing Agreement was March 18, 2024.

On April 29, 2025, the ABG Group Legal Matters (as further described in Note 18) were resolved through a confidential settlement with outstanding liabilities being released by all sides. The remaining assets and liabilities of the SI Business were settled.


	Three Months Ended March 31,
	2026		2025
Cash flows from operating activities from discontinued operations
Net income from discontinued operations	$	—	$	23





Change in operating assets and liabilities:



Accounts payable	—		(103)





Net cash provided by operating activities from discontinued operations	$	—	$	(80)