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Revenues (Tables)
12 Months Ended
Dec. 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):

 

 

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

 

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
Summary of 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