CONSOLIDATED FINANCIAL INFORMATION (Tables)
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6 Months Ended |
Jun. 30, 2026 |
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| Organization, Consolidation and Presentation of Financial Statements [Abstract] |
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| Schedule Of General And Administrative Expense |
Amounts included in General and administrative were as follows: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Successor | | | Predecessor | | (in thousands) | Three Months Ended June 30, 2026 | | Three Months Ended June 30, 2025 | | Six Months Ended June 30, 2026 | | Period from February 8, 2025 to June 30, 2025 | | | Period from January 1, 2025 to February 7, 2025 | | Advertising, general and administrative | $ | 306,712 | | | $ | 274,413 | | | $ | 607,360 | | | $ | 414,829 | | | | $ | 100,969 | | | Acquisition, integration and development costs | 26,834 | | | 19,239 | | | 40,095 | | | 23,339 | | | | 2,199 | | | Merger costs | 634 | | | 4,546 | | | 2,771 | | | 20,421 | | | | 11,233 | | | | | | | | | | | | | | | | | | | | | | | | | Total general and administrative | $ | 334,180 | | | $ | 298,198 | | | $ | 650,226 | | | $ | 458,589 | | | | $ | 114,401 | |
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| Schedule of Other Non-Operating Expense |
Amounts included in Other non-operating (expense) income, net were as follows: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Successor | | | Predecessor | | (in thousands) | Three Months Ended June 30, 2026 | | Three Months Ended June 30, 2025 | | Six Months Ended June 30, 2026 | | Period from February 8, 2025 to June 30, 2025 | | | Period from January 1, 2025 to February 7, 2025 | | Change in value of performance warrants | $ | — | | | $ | — | | | $ | — | | | $ | — | | | | $ | (1,180) | | | Loss on extinguishment of debt | — | | | — | | | (63,420) | | | (17,372) | | | | — | | | (Loss) gain on fair value of fair value option assets | (35,317) | | | 60,723 | | | (139,590) | | | 66,267 | | | | — | | | Net income (loss) from equity method investments | 7,299 | | | 601 | | | 4,386 | | | 1,464 | | | | (594) | | | Foreign exchange (loss) gain | (10,564) | | | (6,538) | | | 10,524 | | | (4,947) | | | | 194 | | | Other, net | 14,016 | | | 2,178 | | | 17,722 | | | 2,522 | | | | (785) | | | Total other non-operating (expense) income, net | $ | (24,566) | | | $ | 56,964 | | | $ | (170,378) | | | $ | 47,934 | | | | $ | (2,365) | |
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| Schedule of Interest Income and Interest Expense |
Amounts included in Interest expense, net were as follows: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Successor | | | Predecessor | | (in thousands) | Three Months Ended June 30, 2026 | | Three Months Ended June 30, 2025 | | Six Months Ended June 30, 2026 | | Period from February 8, 2025 to June 30, 2025 | | | Period from January 1, 2025 to February 7, 2025 | | Interest income | $ | 2,258 | | | $ | 3,889 | | | $ | 4,849 | | | $ | 5,339 | | | | $ | (1) | | | Interest expense | (121,228) | | | (101,411) | | | (233,724) | | | (154,598) | | | | (27,228) | | | Total interest expense, net | $ | (118,970) | | | $ | (97,522) | | | $ | (228,875) | | | $ | (149,259) | | | | $ | (27,229) | |
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