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Revenues (Tables)
6 Months Ended
Jun. 30, 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

 

 

Six-Month Period

 

 

 

Ended June 30,

 

 

Ended June 30,

 

 

 

2024

 

 

2023

 

 

2024

 

 

2023

 

Digital advertising

 

$

41,068

 

 

$

30,234

 

 

$

79,290

 

 

$

55,357

 

Broadcast advertising

 

 

29,857

 

 

 

30,983

 

 

 

57,694

 

 

 

60,610

 

Spectrum usage rights

 

 

1,625

 

 

 

2,078

 

 

 

3,385

 

 

 

4,224

 

Retransmission consent

 

 

8,825

 

 

 

9,324

 

 

 

17,980

 

 

 

18,947

 

Other

 

 

1,279

 

 

 

1,100

 

 

 

2,481

 

 

 

2,228

 

Total revenue

 

$

82,654

 

 

$

73,719

 

 

$

160,830

 

 

$

141,366

 

The following table further disaggregates the Company’s broadcast advertising revenue by sales channel (in thousands):

 

 

Three-Month Period

 

 

Six-Month Period

 

 

 

Ended June 30,

 

 

Ended June 30,

 

 

 

2024

 

 

2023

 

 

2024

 

 

2023

 

Local direct

 

$

5,109

 

 

$

5,480

 

 

$

10,144

 

 

$

10,788

 

Local agency

 

 

13,124

 

 

 

13,687

 

 

 

26,027

 

 

 

26,559

 

National agency

 

 

11,624

 

 

 

11,816

 

 

 

21,523

 

 

 

23,263

 

Total revenue

 

$

29,857

 

 

$

30,983

 

 

$

57,694

 

 

$

60,610

 

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

 

 

Six-Month Period

 

 

 

Ended June 30,

 

 

Ended June 30,

 

 

 

2024

 

 

2023

 

 

2024

 

 

2023

 

United States

 

$

60,715

 

 

$

51,711

 

 

$

117,964

 

 

$

98,589

 

Rest of the World

 

 

21,939

 

 

 

22,008

 

 

 

42,866

 

 

 

42,777

 

Total revenue

 

$

82,654

 

 

$

73,719

 

 

$

160,830

 

 

$

141,366

 

Summary of Deferred Revenue

(in thousands)

December 31, 2023

 

Increase

 

Decrease

 

 

June 30, 2024

 

Deferred revenue

$

1,977

 

2,069

 

(1,977)

 

 

$

2,069