Quarterly report pursuant to Section 13 or 15(d)

Segment Reporting

v3.23.3
Segment Reporting
 9 Months Ended
Sep. 30, 2023
Segment Reporting [Abstract]  
Segment Reporting Segment ReportingThe Company’s CODM uses revenue and net earnings to evaluate the profitability and performance of each operating segment. All other financial information is reviewed by the CODM on a consolidated basis. The CODM does not
evaluate the operating segments using asset information and it is therefore not disclosed. All expenses directly attributable to each reportable segment are included in the operating results for each segment. However, the CODM does not evaluate the expenses by operating segment and, therefore, it is not separately presented.
The following table presents the revenue and net earnings within the Company's two operating segments (in thousands):
Three Months Ended Nine Months Ended
September 30, 2023 September 30, 2022 September 30, 2023 September 30, 2022
Total Revenues:
Content Production & Distribution $ 9,075  $ 18,481  $ 32,456  $ 39,978 
Media Advisory & Advertising Services 997  1,198  2,820  3,266 
Total Revenue $ 10,072  $ 19,679  $ 35,276  $ 43,244 
Net Loss:
Content Production & Distribution $ (14,947) $ (10,831) $ (53,852) $ (27,735)
Media Advisory & Advertising Services (529) (387) (1,616) (1,353)
Total Net Loss $ (15,476) $ (11,218) $ (55,468) $ (29,088)
Geographic Information
The following table provides information about disaggregated revenue by geographic area (in thousands):
Three Months Ended Nine Months Ended
September 30, 2023 September 30, 2022 September 30, 2023 September 30, 2022
Total Revenues:
United States $ 5,536  $ 14,451  $ 21,537  $ 31,267 
Canada 2,093  4,690  7,496  10,464 
United Kingdom 2,381  538  5,972  1,513 
Other 62  —  271  — 
Total Revenue $ 10,072  $ 19,679  $ 35,276  $ 43,244