Accounts payable and accrued expenses consisted of the following: | | | | | | | | | | | | | June 30, | | 2026 | | 2025 | | (in millions) | | Accounts payable | $ | 53.5 | | | $ | 66.7 | | | Accrued music licensing royalties | 76.6 | | | 145.2 | | | Employee-related liabilities | 34.3 | | | 46.2 | | | Inventory received but not billed | 29.4 | | | 28.1 | | | Accrued professional fees | 6.4 | | | 11.0 | | Accrued general and administrative(1) | 17.4 | | | 15.8 | | | Accrued marketing | 10.8 | | | 7.4 | | | Accrued legal contingencies | 23.8 | | | — | | | Other | 59.0 | | | 52.2 | | | Total accounts payable and accrued expenses | $ | 311.2 | | | $ | 372.7 | |
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