Variable Interest Entities (Tables)

3 Months Ended

Mar. 31, 2023

Adsmurai

Variable Interest Entity [Line Items]

Summary of Preliminary Purchase Price Allocation

The following is a summary of the preliminary purchase price allocation (in millions):

Cash	$	7.4
Accounts receivable		12.2
Other assets		0.7
Fixed assets		2.8
Intangible assets subject to amortization		8.2
Goodwill		13.0
Current liabilities		(14.4	)
Deferred tax		(2.0	)
Debt		(2.8	)
Noncontrolling interest		(12.3	)
Convertible loan		(12.8	)

Summary of Intangible Assets Subject to Amortization Acquired

Intangible assets subject to amortization acquired includes:

Intangible Asset	Estimated Fair Value (in millions)		Weighted average life (in years)
Advertiser relationships	$	4.7	7.0
Existing technology		2.4	5.0
Trade name		1.1	5.0

Schedule of Unaudited Pro Forma Information

The following unaudited pro forma information has been prepared to give effect to the Company’s consolidation of Adsmurai as if the transaction had occurred on January 1, 2022. This pro forma information does not purport to represent what the actual results of operations of the Company would have been had this transaction occurred on such date, nor does it purport to predict the results of operations for any future periods.

In thousands, except share and per share data	Three-Month Period
	Ended March 31,
	2022
Pro Forma:
Total revenue	$	206,595
Net income (loss) attributable to common stockholders	$	1,896
Basic and diluted earnings per share:
Net income (loss) per share, attributable to common stockholders, basic and diluted	$	0.02
Weighted average common shares outstanding, basic		86,522,378
Weighted average common shares outstanding, diluted		88,630,216

Jack of Digital

Variable Interest Entity [Line Items]

Schedule of Unaudited Pro Forma Information

The unaudited pro forma information has been prepared to give effect to the Company’s consolidation of Jack of Digital as if the transaction had occurred on January 1, 2022. This pro forma information was adjusted to exclude acquisition fees and costs of $0.1 million for the three-month period ended March 31, 2022, which were expensed in connection with the transaction. This pro forma information does not purport to represent what the actual results of operations of the Company would have been had this transaction occurred on such date, nor does it purport to predict the results of operations for any future periods.

In thousands, except share and per share data	Three-Month Period
	Ended March 31,
	2022
Pro Forma:
Total revenue	$	197,734
Net income (loss) attributable to common stockholders	$	1,984
Basic and diluted earnings per share:
Net income (loss) per share, attributable to common stockholders, basic and diluted	$	0.02
Weighted average common shares outstanding, basic		86,522,378
Weighted average common shares outstanding, diluted		88,630,216