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Revenues | 12 Months Ended
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Dec. 31, 2024
Revenue from Contract with Customer [Abstract] |
Revenues | 5. REVENUES Disaggregated Revenue The following table presents our revenues disaggregated by major source (in thousands):
| Year Ended December 31, |
| 2024 |  |  | 2023 |  |  | 2022 |
Digital advertising | $ | 173,720 |  |  | $ | 122,906 |  |  | $ | 114,884 |
Broadcast advertising |  | 143,515 |  |  |  | 124,722 |  |  |  | 161,713 |
Spectrum usage rights |  | 6,884 |  |  |  | 8,156 |  |  |  | 6,036 |
Retransmission consent |  | 33,880 |  |  |  | 36,556 |  |  |  | 36,022 |
Other |  | 6,949 |  |  |  | 4,703 |  |  |  | 5,335 |
Total revenue | $ | 364,948 |  |  | $ | 297,043 |  |  | $ | 323,990 |
Contracts are entered into directly with customers or through an advertising agency that represents the customer. Sales of advertising to customers or agencies within a station’s designated market area (“DMA”) are referred to as local revenue, whereas sales from outside the DMA are referred to as national revenue. The following table further disaggregates the Company’s broadcast advertising revenue by sales channel (in thousands):
| Year Ended December 31, |
| 2024 |  |  | 2023 |  |  | 2022 |
Local direct | $ | 20,798 |  |  | $ | 21,826 |  |  | $ | 22,931 |
Local agency |  | 51,001 |  |  |  | 54,485 |  |  |  | 54,094 |
National agency |  | 71,716 |  |  |  | 48,411 |  |  |  | 84,688 |
Total revenue | $ | 143,515 |  |  | $ | 124,722 |  |  | $ | 161,713 |
The following table further disaggregates the Company’s revenue by geographical region, based on the location of the sales office (in thousands):
|  | Year Ended December 31, |
|  | 2024 |  |  | 2023 |  |  | 2022 |
U.S. |  | $ | 274,148 |  |  | $ | 216,058 |  |  | $ | 246,840 |
Rest of the World (1) |  |  | 90,800 |  |  |  | 80,985 |  |  |  | 77,150 |
Total revenue |  | $ | 364,948 |  |  | $ | 297,043 |  |  | $ | 323,990 |
(1) Primarily Europe Deferred Revenue
(in thousands) |  | December 31, 2023 |  |  | Increase |  |  | Decrease |  |  | December 31, 2024 |
Deferred revenue |  | $ | 1,977 |  |  | 1,801 |  |  | (1,977 | ) |  | $ | 1,801 |
(in thousands) |  | December 31, 2022 |  |  | Increase |  |  | Decrease |  |  | December 31, 2023 |
Deferred revenue |  | $ | 2,799 |  |  | 1,977 |  |  | (2,799 | ) |  | $ | 1,977 |

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- Definition The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 9 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-9 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 10 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-10 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 15 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-15 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Subparagraph (b)(2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-13 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Topic 606 -Publisher FASB -URI https://asc.fasb.org/606/tableOfContent + Details
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