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Revenues (Tables) | 3 Months Ended
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Mar. 31, 2024
Revenue from Contract with Customer [Abstract] |
Summary of Disaggregation of Revenue by Major Source, Sales Channel and by Geographical Region Based on Location of Sales Office | The following table presents our revenues disaggregated by major source (in thousands):
|  | Three-Month Period |
|  | Ended March 31, |
|  | 2024 |  |  | 2023 |
Digital advertising |  | $ | 237,491 |  |  | $ | 196,482 |
Broadcast advertising |  |  | 27,837 |  |  |  | 29,627 |
Spectrum usage rights |  |  | 1,760 |  |  |  | 2,146 |
Retransmission consent |  |  | 9,155 |  |  |  | 9,623 |
Other |  |  | 1,202 |  |  |  | 1,128 |
Total revenue |  | $ | 277,445 |  |  | $ | 239,006 |
The following table further disaggregates the Company’s broadcast advertising revenue by sales channel (in thousands):
|  | Three-Month Period |
|  | Ended March 31, |
|  | 2024 |  |  | 2023 |
Local direct |  | $ | 5,035 |  |  | $ | 5,308 |
Local agency |  |  | 12,903 |  |  |  | 12,872 |
National agency |  |  | 9,899 |  |  |  | 11,447 |
Total revenue |  | $ | 27,837 |  |  | $ | 29,627 |
The following table further disaggregates the Company’s revenue by geographical region, based on the location of the sales office (in thousands):
|  | Three-Month Period |
|  | Ended March 31, |
|  | 2024 |  |  | 2023 |
United States |  | $ | 57,451 |  |  | $ | 46,970 |
Latin America |  |  | 150,068 |  |  |  | 131,918 |
EMEA (1) |  |  | 45,916 |  |  |  | 36,055 |
Asia |  |  | 24,010 |  |  |  | 24,063 |
Total revenue |  | $ | 277,445 |  |  | $ | 239,006 |
(1) EMEA means Europe, Middle East and Africa.
Summary of Deferred Revenue |
(in thousands) | December 31, 2023 |  | Increase |  | Decrease |  |  | March 31, 2024 |
Deferred revenue | $ | 4,114 |  | 6,759 |  | (4,114) |  |  | $ | 6,759 |

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