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Revenues (Tables) | 9 Months Ended
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Sep. 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 |  |  | Nine-Month Period |
|  | Ended September 30, |  |  | Ended September 30, |
|  | 2024 |  |  | 2023 |  |  | 2024 |  |  | 2023 |
Digital advertising |  | $ | 45,871 |  |  | $ | 34,491 |  |  | $ | 125,161 |  |  | $ | 89,848 |
Broadcast advertising |  |  | 39,998 |  |  |  | 30,791 |  |  |  | 97,692 |  |  |  | 91,401 |
Spectrum usage rights |  |  | 1,707 |  |  |  | 2,085 |  |  |  | 5,092 |  |  |  | 6,310 |
Retransmission consent |  |  | 8,031 |  |  |  | 8,925 |  |  |  | 26,011 |  |  |  | 27,872 |
Other |  |  | 1,549 |  |  |  | 1,128 |  |  |  | 4,030 |  |  |  | 3,356 |
Total revenue |  | $ | 97,156 |  |  | $ | 77,420 |  |  | $ | 257,986 |  |  | $ | 218,787 |
The following table further disaggregates the Company’s broadcast advertising revenue by sales channel (in thousands):
|  | Three-Month Period |  |  | Nine-Month Period |
|  | Ended September 30, |  |  | Ended September 30, |
|  | 2024 |  |  | 2023 |  |  | 2024 |  |  | 2023 |
Local direct |  | $ | 5,042 |  |  | $ | 5,485 |  |  | $ | 15,186 |  |  | $ | 16,273 |
Local agency |  |  | 13,387 |  |  |  | 13,946 |  |  |  | 39,414 |  |  |  | 40,505 |
National agency |  |  | 21,569 |  |  |  | 11,360 |  |  |  | 43,092 |  |  |  | 34,623 |
Total revenue |  | $ | 39,998 |  |  | $ | 30,791 |  |  | $ | 97,692 |  |  | $ | 91,401 |
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 |  |  | Nine-Month Period |
|  | Ended September 30, |  |  | Ended September 30, |
|  | 2024 |  |  | 2023 |  |  | 2024 |  |  | 2023 |
United States |  | $ | 73,939 |  |  | $ | 57,497 |  |  | $ | 192,207 |  |  | $ | 156,412 |
Rest of the World |  |  | 23,217 |  |  |  | 19,923 |  |  |  | 65,779 |  |  |  | 62,375 |
Total revenue |  | $ | 97,156 |  |  | $ | 77,420 |  |  | $ | 257,986 |  |  | $ | 218,787 |
Summary of Deferred Revenue |
(in thousands) | December 31, 2023 |  | Increase |  | Decrease |  |  | September 30, 2024 |
Deferred revenue | $ | 1,977 |  | 3,820 |  | (1,977) |  |  | $ | 3,820 |

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