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Segment Information (Tables) | 9 Months Ended
--- | ---
Sep. 30, 2024
Segment Reporting [Abstract] |
Separate Financial Data for Each of Company's Operating Segment | The accounting policies applied to determine the segment information are generally the same as those described in the summary of significant accounting policies (see Note 2). The Company evaluates the performance of its operating segments based on separate financial data for each operating segment as provided below (in thousands):
|  | Three-Month Period |  |  |  |  |  | Nine-Month Period |  |  |  |
|  | Ended September 30, |  |  | % |  |  | Ended September 30, |  |  | % |
|  | 2024 |  |  | 2023 |  |  | Change |  |  | 2024 |  |  | 2023 |  |  | Change |
Net revenue |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Media |  | $ | 59,802 |  |  | $ | 48,746 |  |  |  | 23 | % |  | $ | 154,801 |  |  | $ | 144,614 |  |  |  | 7 | %
Advertising Technology & Services |  |  | 37,354 |  |  |  | 28,674 |  |  |  | 30 | % |  |  | 103,185 |  |  |  | 74,173 |  |  |  | 39 | %
Consolidated |  |  | 97,156 |  |  |  | 77,420 |  |  |  | 25 | % |  |  | 257,986 |  |  |  | 218,787 |  |  |  | 18 | %
Cost of revenue |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Media |  |  | 4,881 |  |  |  | 2,840 |  |  |  | 72 | % |  |  | 11,888 |  |  |  | 7,661 |  |  |  | 55 | %
Advertising Technology & Services |  |  | 21,920 |  |  |  | 18,553 |  |  |  | 18 | % |  |  | 61,995 |  |  |  | 50,249 |  |  |  | 23 | %
Consolidated |  |  | 26,801 |  |  |  | 21,393 |  |  |  | 25 | % |  |  | 73,883 |  |  |  | 57,910 |  |  |  | 28 | %
Direct operating expenses |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Media |  |  | 29,193 |  |  |  | 24,110 |  |  |  | 21 | % |  |  | 82,405 |  |  |  | 72,004 |  |  |  | 14 | %
Advertising Technology & Services |  |  | 6,424 |  |  |  | 4,592 |  |  |  | 40 | % |  |  | 16,769 |  |  |  | 12,156 |  |  |  | 38 | %
Consolidated |  |  | 35,617 |  |  |  | 28,702 |  |  |  | 24 | % |  |  | 99,174 |  |  |  | 84,160 |  |  |  | 18 | %
Selling, general and administrative expenses |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Media |  |  | 10,860 |  |  |  | 8,677 |  |  |  | 25 | % |  |  | 30,600 |  |  |  | 27,039 |  |  |  | 13 | %
Advertising Technology & Services |  |  | 6,252 |  |  |  | 3,269 |  |  |  | 91 | % |  |  | 15,209 |  |  |  | 10,324 |  |  |  | 47 | %
Consolidated |  |  | 17,112 |  |  |  | 11,946 |  |  |  | 43 | % |  |  | 45,809 |  |  |  | 37,363 |  |  |  | 23 | %
Depreciation and amortization |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Media |  |  | 3,165 |  |  |  | 3,288 |  |  |  | (4 | )% |  |  | 9,756 |  |  |  | 8,962 |  |  |  | 9 | %
Advertising Technology & Services |  |  | 717 |  |  |  | 1,445 |  |  |  | (50 | )% |  |  | 3,293 |  |  |  | 2,986 |  |  |  | 10 | %
Consolidated |  |  | 3,882 |  |  |  | 4,733 |  |  |  | (18 | )% |  |  | 13,049 |  |  |  | 11,948 |  |  |  | 9 | %
Segment operating profit (loss) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Media |  |  | 11,703 |  |  |  | 9,831 |  |  |  | 19 | % |  |  | 20,152 |  |  |  | 28,948 |  |  |  | (30 | )%
Advertising Technology & Services |  |  | 2,041 |  |  |  | 815 |  |  |  | 150 | % |  |  | 5,919 |  |  |  | (1,542 | ) |  | * |
Consolidated |  |  | 13,744 |  |  |  | 10,646 |  |  |  | 29 | % |  |  | 26,071 |  |  |  | 27,406 |  |  |  | (5 | )%
Corporate expenses |  |  | 6,930 |  |  |  | 13,292 |  |  |  | (48 | )% |  |  | 29,989 |  |  |  | 35,836 |  |  |  | (16 | )%
Change in fair value of contingent consideration |  |  | (650 | ) |  |  | (100 | ) |  |  | 550 | % |  |  | (630 | ) |  |  | 621 |  |  | * |
Impairment charge |  |  | - |  |  |  | 989 |  |  |  | (100 | )% |  |  | - |  |  |  | 989 |  |  |  | (100 | )%
Foreign currency (gain) loss |  |  | (121 | ) |  |  | 269 |  |  | * |  |  |  | 120 |  |  |  | 1,274 |  |  |  | (91 | )%
Operating income (loss) |  |  | 7,585 |  |  |  | (3,804 | ) |  | * |  |  |  | (3,408 | ) |  |  | (11,314 | ) |  |  | (70 | )%
Interest expense |  | $ | (4,087 | ) |  | $ | (4,346 | ) |  |  | (6 | )% |  | $ | (12,648 | ) |  | $ | (12,464 | ) |  |  | 1 | %
Interest income |  |  | 646 |  |  |  | 1,068 |  |  |  | (40 | )% |  |  | 1,801 |  |  |  | 2,396 |  |  |  | (25 | )%
Dividend income |  |  | - |  |  |  | - |  |  | - |  |  |  | 10 |  |  |  | 32 |  |  |  | (69 | )%
Realized gain (loss) on marketable securities |  |  | (1 | ) |  |  | (33 | ) |  |  | (97 | )% |  |  | (110 | ) |  |  | (94 | ) |  |  | 17 | %
Gain (loss) on debt extinguishment |  |  | - |  |  |  | - |  |  | * |  |  |  | (91 | ) |  |  | (1,556 | ) |  |  | (94 | )%
Income (loss) before income taxes |  |  | 4,143 |  |  |  | (7,115 | ) |  | * |  |  |  | (14,446 | ) |  |  | (23,000 | ) |  |  | (37 | )%
Capital expenditures |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Media |  | $ | 1,020 |  |  | $ | 2,694 |  |  |  |  |  | $ | 4,546 |  |  | $ | 15,060 |  |  |  |
Advertising Technology & Services |  |  | 31 |  |  |  | 883 |  |  |  |  |  |  | 298 |  |  |  | 2,600 |  |  |  |
Consolidated |  | $ | 1,051 |  |  | $ | 3,577 |  |  |  |  |  | $ | 4,844 |  |  | $ | 17,660 |  |  |  |
|  | September 30, |  |  | December 31, |  |  |  |  |  |  |  |  |  |  |  |  |
Total assets |  | 2024 |  |  | 2023 |  |  |  |  |  |  |  |  |  |  |  |  |
Media |  | $ | 484,261 |  |  | $ | 449,928 |  |  |  |  |  |  |  |  |  |  |  |  |
Advertising Technology & Services |  |  | 72,997 |  |  |  | 102,894 |  |  |  |  |  |  |  |  |  |  |  |  |
Assets of discontinued operations |  |  | - |  |  |  | 313,124 |  |  |  |  |  |  |  |  |  |  |  |  |
Consolidated |  | $ | 557,258 |  |  | $ | 865,946 |  |  |  |  |  |  |  |  |  |  |  |  |
* Percentage not meaningful.

X
- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-25 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-22 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 + Details
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