| Summary of Reported Segment Revenue, Significant Segment Expenses, and Segment Net Loss |
The following table presents information about reported segment revenue, significant segment expenses, and segment net loss for the three and six months ended June 30, 2026 and 2025 (in thousands):
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Three Months Ended June 30, |
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Six Months Ended June 30, |
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2026 |
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2025 |
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2026 |
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2025 |
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Revenue |
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Licensing and other revenue |
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$ |
99,510 |
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$ |
96,207 |
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$ |
206,357 |
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$ |
204,229 |
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Advertising and related revenue |
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14,982 |
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9,726 |
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22,341 |
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15,737 |
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Total revenue |
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114,492 |
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105,933 |
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228,698 |
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219,966 |
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Less: |
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Cost of licensing and other revenue, excluding depreciation and amortization of intangible assets (1) |
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19,829 |
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22,128 |
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41,996 |
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47,067 |
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Cost of advertising and related revenue, excluding depreciation and amortization of intangible assets (1) |
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16,241 |
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11,421 |
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24,954 |
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16,081 |
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Research and development (1) |
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21,806 |
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29,783 |
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48,889 |
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69,332 |
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Selling, general and administrative (1) |
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41,463 |
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41,142 |
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83,250 |
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89,840 |
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Depreciation expense |
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3,951 |
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3,448 |
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8,212 |
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6,353 |
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Amortization expense |
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8,092 |
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9,144 |
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16,136 |
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18,866 |
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Impairment of long-lived assets |
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197 |
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— |
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197 |
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— |
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Interest and other income, net |
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(1,097 |
) |
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(1,747 |
) |
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(1,916 |
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(4,042 |
) |
Interest expense—debt |
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684 |
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|
759 |
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1,362 |
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1,491 |
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Provision for income taxes |
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4,826 |
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4,636 |
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14,944 |
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8,125 |
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Consolidated net loss |
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$ |
(1,500 |
) |
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$ |
(14,781 |
) |
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$ |
(9,326 |
) |
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$ |
(33,147 |
) |
(1)Includes total salaries, bonuses, and employee benefits of $48.7 million and $53.5 million for the three months ended June 30, 2026 and 2025, respectively; and $104.1 million and $122.0 million for the six months ended June 30, 2026 and 2025, respectively.
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