XML 52 R40.htm IDEA: XBRL DOCUMENT v3.23.1
Segment Information (Tables)
3 Months Ended
Mar. 31, 2023
Segment Reporting [Abstract]  
Schedule of Summary of Continuing Operations by Reportable Segment
(In thousands)Three Months Ended March 31, 2023
Domestic OperationsInternational
and Other
Corporate / Inter-segment
Eliminations
Consolidated
Revenues, net
Subscription$347,530 $56,690 $— $404,220 
Content licensing and other103,263 32,860 (2,479)133,644 
   Distribution and other450,793 89,550 (2,479)537,864 
   Advertising161,061 18,522 — 179,583 
Consolidated revenues, net$611,854 $108,072 $(2,479)$717,447 
Operating income (loss)$199,488 $14,142 $(40,326)$173,304 
Share-based compensation expenses4,447 839 359 5,645 
Depreciation and amortization11,854 4,771 9,250 25,875 
Restructuring and other related charges 818 1,385 3,730 5,933 
Cloud computing amortization— 2,225 2,230 
Majority-owned equity investees AOI2,776 — — 2,776 
Adjusted operating income (loss)$219,388 $21,137 $(24,762)$215,763 
(In thousands)Three Months Ended March 31, 2022
Domestic OperationsInternational
and Other
Corporate / Inter-segment
Eliminations
Consolidated
Revenues, net
Subscription$343,748 $60,412 $— $404,160 
Content licensing and other61,254 27,054 (3,237)85,071 
   Distribution and other405,002 87,466 (3,237)489,231 
   Advertising200,541 22,385 — 222,926 
Consolidated revenues, net$605,543 $109,851 $(3,237)$712,157 
Operating income (loss)$198,522 $17,355 $(41,200)$174,677 
Share-based compensation expenses3,673 754 3,702 8,129 
Depreciation and amortization12,136 4,903 5,551 22,590 
Cloud computing amortization— 900 907 
Majority-owned equity investees AOI4,881 — — 4,881 
Adjusted operating income (loss)$219,219 $23,012 $(31,047)$211,184 
Schedule of Summary of Inter-Segment Eliminations
Inter-segment eliminations are primarily licensing revenues recognized between the Domestic Operations and International and Other segments.
(In thousands)Three Months Ended March 31,
20232022
Inter-segment revenues
Domestic Operations$(2,214)$(3,002)
International and Other(265)(235)
$(2,479)$(3,237)
Schedule of Revenue by Geographic Area
The table below summarizes revenues based on customer location:
(In thousands)Three Months Ended March 31,
20232022
Revenues
United States$606,228 $591,208 
Europe73,767 82,925 
Other37,452 38,024 
$717,447 $712,157 
Schedule of Disclosure on Geographic Areas, Long-Lived Assets
The table below summarizes property and equipment based on asset location:
(In thousands)March 31, 2023December 31, 2022
Property and equipment, net
United States$182,124 $187,833 
Europe12,184 12,520 
Other1,509 1,681 
$195,817 $202,034