Revenue Recognition (Tables)

6 Months Ended

Jun. 30, 2025

Schedule of revenue disaggregated by licensed content and merchandise revenues as well as production services revenues

The following table presents the Company’s disaggregated revenues (in thousands):


	Three Months Ended				Six Months Ended
	June 30,				June 30,
	2025		2024		2025		2024
Licensed content	$	31,812	$	2,903	$	64,264	$	25,719
Merchandise		6,242		12,165		9,885		16,886
Other		100		—		100		—
Licensed content and merchandise revenues	$	38,154	$	15,068	$	74,249	$	42,605
Production services revenues		59,014		68,872		76,122		68,872
Total revenues	$	97,168	$	83,940	$	150,371	$	111,477

The following table presents revenue recognized for goods transferred at a point in time and services transferred over time on the Condensed Consolidated Statements of Operations (in thousands):


	Three Months Ended				Six Months Ended
	June 30,				June 30,
	2025		2024		2025		2024
Point in time	$	38,154	$	15,068	$	74,249	$	42,605
Over time		59,014		68,872		76,122		68,872
Total revenues	$	97,168	$	83,940	$	150,371	$	111,477

5&2 Studios, Inc. 10-Q