Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Changes to Stockholders'/Member's Equity (Deficit)

v3.23.2
Condensed Consolidated Statements of Changes to Stockholders'/Member's Equity (Deficit) - USD ($)
$ in Thousands
Total
Common Stock Member
Class A Common Stock
Common Stock Member
Class B Common Stock
Additional Paid-In Capital
Receivable from Member/ Shareholder
Accumulated Deficit
Noncontrolling Interest
Noncontrolling Interest
Post NCI Rebalancing
Treasury stock
Beginning Balance at Dec. 31, 2021 $ (210,469) $ 2 $ 2   $ (10,600) $ (643,833) $ 443,960    
Beginning balance, Shares at Dec. 31, 2021   23,898 22,969            
Equity-based compensation 14,627     $ 2,423     12,204    
Net income (15,179)         (7,519) (7,660)    
Conversion of Class B shares to Class A shares       517,283     (517,283)    
Conversion of Class B shares to Class A shares, Shares   351 (351)            
Payment of preferred stock dividends (3,250)     (3,250)          
Adjustment of preferred stock to redemption value (50,931)     (50,931)          
Vesting of Class B Shares     1,947            
Ending Balance at Mar. 31, 2022 (265,202) $ 2 $ 2 465,525 (10,600) (651,352) (68,779)    
Ending balance, Shares at Mar. 31, 2022   24,249 24,565            
Beginning Balance at Dec. 31, 2021 (210,469) $ 2 $ 2   (10,600) (643,833) 443,960    
Beginning balance, Shares at Dec. 31, 2021   23,898 22,969            
Net income 16,298                
Liability-classified restricted stock units vested 0                
Payment received from shareholder 0                
Ending Balance at Jun. 30, 2022 (105,347) $ 2 $ 2 586,570 (10,600) (634,518) (46,803)    
Ending balance, Shares at Jun. 30, 2022   27,186 21,687            
Beginning Balance at Mar. 31, 2022 (265,202) $ 2 $ 2 465,525 (10,600) (651,352) (68,779)    
Beginning balance, Shares at Mar. 31, 2022   24,249 24,565            
Equity-based compensation 3,807     3,861     (54)    
Net income 31,477         16,834 14,643    
Conversion of Class B shares to Class A shares       (7,387)     7,387    
Conversion of Class B shares to Class A shares, Shares   2,883 (2,883)            
Payment of preferred stock dividends (3,250)     (3,250)          
Adjustment of preferred stock to redemption value 127,821     127,821          
Vesting of Class B Shares     5            
Vesting of restricted stock units   54              
Ending Balance at Jun. 30, 2022 (105,347) $ 2 $ 2 586,570 (10,600) (634,518) (46,803)    
Ending balance, Shares at Jun. 30, 2022   27,186 21,687            
Beginning Balance at Dec. 31, 2022 (208,062) $ 3 $ 2 505,186 (16,369) (641,903) (53,284)   $ (1,697)
Beginning balance, Shares at Dec. 31, 2022   27,571 21,647           75
Equity-based compensation 5,612     5,598       $ 14  
Net income (14,979)         (9,983) (4,996)    
Conversion of Class B shares to Class A shares       (2,332)     (2,332)    
Conversion of Class B shares to Class A shares, Shares   4,926 (4,926)            
Payment of preferred stock dividends (2,069)     (2,069)          
Adjustment of preferred stock to redemption value (62,660)     (62,660)          
Vesting of Class B Shares     10            
Vesting of restricted share units, net of shares withheld for taxes, Shares   402              
Vesting of restricted share units, net of shares withheld for taxes (7,935)     (7,935)          
Deemed contribution from redemption of preferred stock 12,679         12,679      
Liability-classified restricted stock units vested 2,250     2,250          
Loan to shareholder and accumulated interest (3,587)       (3,587)        
Ending Balance at Mar. 31, 2023 (278,751) $ 3 $ 2 438,038 (19,956) (639,207) (55,934)   $ (1,697)
Ending balance, Shares at Mar. 31, 2023   32,899 16,731           75
Beginning Balance at Dec. 31, 2022 (208,062) $ 3 $ 2 505,186 (16,369) (641,903) (53,284)   $ (1,697)
Beginning balance, Shares at Dec. 31, 2022   27,571 21,647           75
Net income 12,545                
Liability-classified restricted stock units vested 2,250                
Payment received from shareholder (1,290)                
Ending Balance at Jun. 30, 2023 (204,472) $ 3 $ 2 485,832 (21,798) (620,828) (45,986)   $ (1,697)
Ending balance, Shares at Jun. 30, 2023   33,220 16,592           75
Beginning Balance at Mar. 31, 2023 (278,751) $ 3 $ 2 438,038 (19,956) (639,207) (55,934)   $ (1,697)
Beginning balance, Shares at Mar. 31, 2023   32,899 16,731           75
Equity-based compensation 5,611     5,608     3    
Net income 27,524         18,379 9,145    
Conversion of Class B shares to Class A shares       (1,332)     1,332    
Conversion of Class B shares to Class A shares, Shares   141 (141)            
Payment of preferred stock dividends (1,857)     (1,857)          
Adjustment of preferred stock to redemption value 45,551     45,551          
Vesting of Class B Shares     2            
Vesting of restricted share units, net of shares withheld for taxes, Shares   180              
Vesting of restricted share units, net of shares withheld for taxes (176)     (176)          
Loan to shareholder and accumulated interest (1,683)       (1,683)        
Receivable from shareholder arising from the Rumble studios acquisition (1,450)       (1,450)        
Consideration related to the Rumble studios acquisition 1       1        
Payment received from shareholder 1,290       1,290        
Distributions paid to Pre-IPO LLC Members (532)           (532)    
Ending Balance at Jun. 30, 2023 $ (204,472) $ 3 $ 2 $ 485,832 $ (21,798) $ (620,828) $ (45,986)   $ (1,697)
Ending balance, Shares at Jun. 30, 2023   33,220 16,592           75