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Consolidated Balance Sheets

In millions of USD, except per-share amounts
Q1 FY2025
As of Mar 31, 2025
Q4 FY2024
As of Dec 31, 2024
Q3 FY2024
As of Sep 30, 2024
Q2 FY2024
As of Jun 30, 2024
Q1 FY2024
As of Mar 31, 2024
Q4 FY2023
As of Dec 31, 2023
Q3 FY2023
As of Sep 30, 2023
Q2 FY2023
As of Jun 30, 2023
Q1 FY2023
As of Mar 31, 2023
Q4 FY2022
As of Dec 31, 2022
Q3 FY2022
As of Sep 30, 2022
Q2 FY2022
As of Jun 30, 2022
Q1 FY2022
As of Mar 31, 2022
Q4 FY2021
As of Dec 31, 2021
Q3 FY2021
As of Sep 30, 2021
Q2 FY2021
As of Jun 30, 2021
Q1 FY2021
As of Mar 31, 2021
ASSETS
Current assets
Cash and cash equivalents
Accounts receivable, net of credit losses of $127 and $186 at March 31, 2025 and December 31, 2024, respectively
Prepaid expenses
Other current assets
Total current assets
Capitalized software development costs, net
Goodwill
Intangible assets, net
Operating lease right-of-use assets, net
Other assets
Total assets
LIABILITIES AND SHAREHOLDERS’ EQUITY (DEFICIT)
Current liabilities
Accounts payable
Accrued compensation and benefits
Accrued expenses
Accrued content license fees
Liabilities to users
Current operating lease liabilities
Other current liabilities
Total current liabilities
Deferred income taxes
Long-term debt
Content licensing liabilities
Non-current operating lease liabilities
Other liabilities
Total liabilities
Shareholders’ equity (deficit)
Ordinary shares, $0.01 par value, 100,000,000 shares authorized, 46,153,365 and 45,071,578 shares issued and outstanding at March 31, 2025 and December 31, 2024, respectively
Additional paid-in capital
Accumulated deficit
Accumulated other comprehensive loss
Total shareholders’ deficit
Total liabilities and shareholders’ equity (deficit)

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