Condensed Consolidated Statements of Changes to Stockholders'/Member's Equity (Deficit) - USD ($)
$ in Thousands |
Total |
Class A Common Stock |
Common Stock Member
Class A Common Stock
|
Common Stock Member
Class B Common Stock
|
Treasury Stock |
Additional Paid-In Capital |
Receivable from Member/ Shareholder |
Accumulated Deficit |
Noncontrolling Interest |
| Beginning Balance at Dec. 31, 2022 |
$ (208,062)
|
|
$ 3
|
$ 2
|
$ (1,697)
|
$ 505,186
|
$ (16,369)
|
$ (641,903)
|
$ (53,284)
|
| Beginning balance, Shares at Dec. 31, 2022 |
|
|
27,571,000
|
21,647,000
|
75,000
|
|
|
|
|
| Equity-based compensation |
5,612
|
|
|
|
|
5,598
|
|
|
14
|
| Net income (loss) |
(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 |
|
|
4,926,000
|
(4,926,000)
|
|
|
|
|
|
| Issuance of Class A common stock under stock-based compensation plans, net of shares withheld for taxes |
(7,935)
|
|
|
|
|
(7,935)
|
|
|
|
| Issuance of Class A common stock under stock-based compensation plans, net of shares withheld for taxes, Shares |
|
|
402,000
|
|
|
|
|
|
|
| Preferred stock dividend |
(2,069)
|
|
|
|
|
(2,069)
|
|
|
|
| Adjustment of preferred stock to redemption value |
(62,660)
|
|
|
|
|
(62,660)
|
|
|
|
| Vesting of Class B Shares |
|
|
|
10,000
|
|
|
|
|
|
| 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
|
$ (1,697)
|
438,038
|
(19,956)
|
(639,207)
|
(55,934)
|
| Ending balance, Shares at Mar. 31, 2023 |
|
|
32,899,000
|
16,731,000
|
75,000
|
|
|
|
|
| Beginning Balance at Dec. 31, 2022 |
(208,062)
|
|
$ 3
|
$ 2
|
$ (1,697)
|
505,186
|
(16,369)
|
(641,903)
|
(53,284)
|
| Beginning balance, Shares at Dec. 31, 2022 |
|
|
27,571,000
|
21,647,000
|
75,000
|
|
|
|
|
| Net income (loss) |
7,362
|
|
|
|
|
|
|
|
|
| Ending Balance at Sep. 30, 2023 |
(207,296)
|
|
$ 3
|
$ 2
|
$ (1,697)
|
502,606
|
(15,026)
|
(624,210)
|
(68,974)
|
| Ending balance, Shares at Sep. 30, 2023 |
|
|
31,477,000
|
16,566,000
|
75,000
|
|
|
|
|
| Beginning Balance at Mar. 31, 2023 |
(278,751)
|
|
$ 3
|
$ 2
|
$ (1,697)
|
438,038
|
(19,956)
|
(639,207)
|
(55,934)
|
| Beginning balance, Shares at Mar. 31, 2023 |
|
|
32,899,000
|
16,731,000
|
75,000
|
|
|
|
|
| Equity-based compensation |
5,611
|
|
|
|
|
5,608
|
|
|
3
|
| Net income (loss) |
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 |
|
|
141,000
|
(141,000)
|
|
|
|
|
|
| Issuance of Class A common stock under stock-based compensation plans, net of shares withheld for taxes |
(176)
|
|
|
|
|
(176)
|
|
|
|
| Issuance of Class A common stock under stock-based compensation plans, net of shares withheld for taxes, Shares |
|
|
180,000
|
|
|
|
|
|
|
| Preferred stock dividend |
(1,857)
|
|
|
|
|
(1,857)
|
|
|
|
| Adjustment of preferred stock to redemption value |
45,551
|
|
|
|
|
45,551
|
|
|
|
| Vesting of Class B Shares |
|
|
|
2,000
|
|
|
|
|
|
| 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
|
$ (1,697)
|
485,832
|
(21,798)
|
(620,828)
|
(45,986)
|
| Ending balance, Shares at Jun. 30, 2023 |
|
|
33,220,000
|
16,592,000
|
75,000
|
|
|
|
|
| Equity-based compensation |
3,092
|
|
|
|
|
3,091
|
|
|
1
|
| Net income (loss) |
(5,183)
|
|
|
|
|
|
|
(3,382)
|
(1,801)
|
| Conversion of Class B shares to Class A shares |
|
|
|
|
|
14,235
|
|
|
(14,235)
|
| Conversion of Class B shares to Class A shares, Shares |
|
|
27,000
|
(27,000)
|
|
|
|
|
|
| Issuance of Class A common stock under stock-based compensation plans, net of shares withheld for taxes, Shares |
|
|
240,000
|
|
|
|
|
|
|
| Preferred stock dividend |
(1,863)
|
|
|
|
|
(1,863)
|
|
|
|
| Adjustment of preferred stock to redemption value |
51,435
|
|
|
|
|
51,435
|
|
|
|
| Vesting of Class B Shares |
|
|
|
1,000
|
|
|
|
|
|
| Repurchase and retirement of Class A common stock, Shares |
|
|
(2,010,000)
|
|
|
|
|
|
|
| Repurchase and retirement of Class A common stock |
(50,378)
|
|
|
|
|
(50,378)
|
|
|
|
| Excise tax on share repurchases |
(262)
|
|
|
|
|
(262)
|
|
|
|
| Proceeds from disgorgement of stockholders short-swing profits (Note 10) |
516
|
|
|
|
|
516
|
|
|
|
| Payment received from shareholder |
6,772
|
|
|
|
|
|
6,772
|
|
|
| Distributions paid to Pre-IPO LLC Members |
(6,953)
|
|
|
|
|
|
|
|
(6,953)
|
| Ending Balance at Sep. 30, 2023 |
(207,296)
|
|
$ 3
|
$ 2
|
$ (1,697)
|
502,606
|
(15,026)
|
(624,210)
|
(68,974)
|
| Ending balance, Shares at Sep. 30, 2023 |
|
|
31,477,000
|
16,566,000
|
75,000
|
|
|
|
|
| Beginning Balance at Dec. 31, 2023 |
(202,794)
|
|
$ 3
|
$ 2
|
$ (1,697)
|
521,998
|
(15,426)
|
(630,127)
|
(77,547)
|
| Beginning balance, Shares at Dec. 31, 2023 |
|
|
30,897,000
|
16,566,000
|
75,000
|
|
|
|
|
| Equity-based compensation |
3,253
|
|
|
|
|
3,252
|
|
|
1
|
| Net income (loss) |
(4,356)
|
|
|
|
|
|
|
(2,867)
|
(1,489)
|
| Conversion of Class B shares to Class A shares |
|
|
|
|
|
(9,264)
|
|
|
9,264
|
| Conversion of Class B shares to Class A shares, Shares |
|
|
78,000
|
(78,000)
|
|
|
|
|
|
| Issuance of Class A common stock under stock-based compensation plans, net of shares withheld for taxes, Shares |
|
|
607,000
|
|
|
|
|
|
|
| Preferred stock dividend |
(1,863)
|
|
|
|
|
(1,863)
|
|
|
|
| Adjustment of preferred stock to redemption value |
(8,106)
|
|
|
|
|
(8,106)
|
|
|
|
| Loan to shareholder and accumulated interest |
(349)
|
|
|
|
|
|
(349)
|
|
|
| Distributions paid to Pre-IPO LLC Members |
(36)
|
|
|
|
|
|
|
|
(36)
|
| Ending Balance at Mar. 31, 2024 |
(214,251)
|
|
$ 3
|
$ 2
|
$ (1,697)
|
506,017
|
(15,775)
|
(632,994)
|
(69,807)
|
| Ending balance, Shares at Mar. 31, 2024 |
|
|
31,582,000
|
16,488,000
|
75,000
|
|
|
|
|
| Beginning Balance at Dec. 31, 2023 |
(202,794)
|
|
$ 3
|
$ 2
|
$ (1,697)
|
521,998
|
(15,426)
|
(630,127)
|
(77,547)
|
| Beginning balance, Shares at Dec. 31, 2023 |
|
|
30,897,000
|
16,566,000
|
75,000
|
|
|
|
|
| Net income (loss) |
(35,988)
|
|
|
|
|
|
|
|
|
| Repurchase and retirement of Class A common stock, Shares |
|
2,599
|
|
|
|
|
|
|
|
| Ending Balance at Sep. 30, 2024 |
(240,146)
|
|
$ 3
|
$ 2
|
$ (1,697)
|
516,582
|
(16,508)
|
(654,095)
|
(84,433)
|
| Ending balance, Shares at Sep. 30, 2024 |
|
|
32,191,000
|
16,091,000
|
75,000
|
|
|
|
|
| Beginning Balance at Mar. 31, 2024 |
(214,251)
|
|
$ 3
|
$ 2
|
$ (1,697)
|
506,017
|
(15,775)
|
(632,994)
|
(69,807)
|
| Beginning balance, Shares at Mar. 31, 2024 |
|
|
31,582,000
|
16,488,000
|
75,000
|
|
|
|
|
| Equity-based compensation |
4,885
|
|
|
|
|
4,884
|
|
|
1
|
| Net income (loss) |
(13,662)
|
|
|
|
|
|
|
(9,102)
|
(4,560)
|
| Conversion of Class B shares to Class A shares |
|
|
|
|
|
(2,851)
|
|
|
2,851
|
| Conversion of Class B shares to Class A shares, Shares |
|
|
398,000
|
(398,000)
|
|
|
|
|
|
| Issuance of Class A common stock under stock-based compensation plans, net of shares withheld for taxes |
74
|
|
|
|
|
74
|
|
|
|
| Issuance of Class A common stock under stock-based compensation plans, net of shares withheld for taxes, Shares |
|
|
180,000
|
|
|
|
|
|
|
| Preferred stock dividend |
(2,150)
|
|
|
|
|
(2,150)
|
|
|
|
| Adjustment of preferred stock to redemption value |
2,012
|
|
|
|
|
2,012
|
|
|
|
| Loan to shareholder and accumulated interest |
(360)
|
|
|
|
|
|
(360)
|
|
|
| Distributions paid to Pre-IPO LLC Members |
(206)
|
|
|
|
|
|
|
|
(206)
|
| Ending Balance at Jun. 30, 2024 |
(223,658)
|
|
$ 3
|
$ 2
|
$ (1,697)
|
507,986
|
(16,135)
|
(642,096)
|
(71,721)
|
| Ending balance, Shares at Jun. 30, 2024 |
|
|
32,160,000
|
16,090,000
|
75,000
|
|
|
|
|
| Equity-based compensation |
4,401
|
|
|
|
|
4,400
|
|
|
1
|
| Net income (loss) |
(17,970)
|
|
|
|
|
|
|
(11,999)
|
(5,971)
|
| Issuance of Class A common stock under stock-based compensation plans, net of shares withheld for taxes, Shares |
|
|
31,000
|
|
|
|
|
|
|
| Preferred stock dividend |
(1,898)
|
|
|
|
|
(1,898)
|
|
|
|
| Adjustment of preferred stock to redemption value |
6,094
|
|
|
|
|
6,094
|
|
|
|
| Vesting of Class B Shares |
|
|
|
1,000
|
|
|
|
|
|
| Loan to shareholder and accumulated interest |
(373)
|
|
|
|
|
|
(373)
|
|
|
| Distributions paid to Pre-IPO LLC Members |
(6,742)
|
|
|
|
|
|
|
|
(6,742)
|
| Ending Balance at Sep. 30, 2024 |
$ (240,146)
|
|
$ 3
|
$ 2
|
$ (1,697)
|
$ 516,582
|
$ (16,508)
|
$ (654,095)
|
$ (84,433)
|
| Ending balance, Shares at Sep. 30, 2024 |
|
|
32,191,000
|
16,091,000
|
75,000
|
|
|
|
|