Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Operations

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Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
 4 Months Ended 8 Months Ended 12 Months Ended
Jun. 11, 2021
Jan. 31, 2022
Jan. 31, 2024
Jan. 31, 2023
Revenues:        
Total revenues $ 102,494 $ 351,843 $ 553,237 $ 555,124
Operating expenses:        
Costs of revenues 22,043 100,726 153,157 152,015
Content and software development 15,012 30,568 68,031 69,796
Selling and marketing 34,401 92,994 170,982 173,281
General and administrative 16,471 70,840 95,896 109,572
Amortization of intangible assets 46,492 89,049 152,511 170,260
Impairment of goodwill and intangible assets 0 0 202,233 641,362
Acquisition and integration related costs 6,641 19,587 5,063 30,663
Restructuring (576) 3,575 13,978 12,294
Total operating expenses 140,484 407,339 861,851 1,359,243
Operating income (loss) (37,990) (55,496) (308,614) (804,119)
Other income (expense), net (167) (1,881) (1,986) 4,438
Fair value adjustment of warrants 900 17,441 4,754 23,158
Fair value adjustment of interest rate swaps (0) 0 2,756 (1,554)
Interest income 60 76 3,557 531
Interest expense (16,763) (23,190) (65,335) (53,493)
Income (loss) before provision for (benefit from) income taxes (53,960) (63,050) (364,868) (831,039)
Provision for (benefit from) income taxes (3,521) (4,304) (16,265) (40,973)
Income (loss) from continuing operations (50,439) (58,746) (348,603) (790,066)
Gain (loss) on sale of business (0) 0 (682) 56,619
Income (loss) from discontinued operations, net of tax 1,175 11,940 0 8,483
Net income (loss) (49,264) (46,806) (349,285) (724,964)
Income (loss) from continuing operations (50,439) (58,746) (348,603) (790,066)
Income (loss) from discontinued operations, net of tax 1,175 $ 11,940 $ (682) $ 65,102
Net income (loss) per share:        
Basic and Diluted - Continuing operations (in dollars per share)   $ (8.82) $ (43.29) $ (99.45)
Basic and Diluted - Discontinued operations (in dollars per share)   1.79 (0.09) 8.19
Ordinary – Basic and diluted - Net income (loss) (in dollars per share)   $ (7.03) $ (43.38) $ (91.26)
Weighted average common shares outstanding:        
Basic and Diluted (in shares)   6,657 8,052 7,944
Common Class A [Member]        
Operating expenses:        
Income (loss) from continuing operations (48,421)    
Net income (loss) (47,293)      
Income (loss) from continuing operations (48,421)    
Income (loss) from discontinued operations, net of tax 1,128      
Gain (loss) on modifications of terms of participation rights held by Class B shareholders and warrants 0      
Net income (loss) $ (47,293)      
Net income (loss) per share:        
Basic and Diluted - Continuing operations (in dollars per share) $ (12.61)      
Basic and Diluted - Discontinued operations (in dollars per share) 0.29      
Ordinary – Basic and diluted - Net income (loss) (in dollars per share) $ (12.32)      
Weighted average common shares outstanding:        
Basic and Diluted (in shares) 3,840      
Common Class B [Member]        
Operating expenses:        
Income (loss) from continuing operations $ (2,018)      
Income (loss) from continuing operations (2,018)      
Income (loss) from discontinued operations, net of tax 47      
Gain (loss) on modifications of terms of participation rights held by Class B shareholders and warrants 0      
Net income (loss) $ (1,971)      
Net income (loss) per share:        
Basic and Diluted - Continuing operations (in dollars per share) $ (12.61)      
Basic and Diluted - Discontinued operations (in dollars per share) 0.29      
Ordinary – Basic and diluted - Net income (loss) (in dollars per share) $ (12.32)      
Weighted average common shares outstanding:        
Basic and Diluted (in shares) 160