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Revenues (Tables)
6 Months Ended
Jun. 30, 2025
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,

 

 

 

2025

 

 

2024

 

 

2025

 

 

2024

 

Digital advertising

 

$

63,255

 

 

$

41,068

 

 

$

120,048

 

 

$

79,290

 

Broadcast advertising

 

 

26,644

 

 

 

29,857

 

 

 

50,741

 

 

 

57,694

 

Spectrum usage rights

 

 

1,781

 

 

 

1,625

 

 

 

3,567

 

 

 

3,385

 

Retransmission consent

 

 

7,708

 

 

 

8,825

 

 

 

15,784

 

 

 

17,980

 

Other

 

 

1,347

 

 

 

1,279

 

 

 

2,446

 

 

 

2,481

 

Total revenue

 

$

100,735

 

 

$

82,654

 

 

$

192,586

 

 

$

160,830

 

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,

 

 

 

2025

 

 

2024

 

 

2025

 

 

2024

 

Local direct

 

$

4,879

 

 

$

5,109

 

 

$

9,689

 

 

$

10,144

 

Local agency

 

 

12,001

 

 

 

13,124

 

 

 

22,540

 

 

 

26,027

 

National agency

 

 

9,764

 

 

 

11,624

 

 

 

18,512

 

 

 

21,523

 

Total revenue

 

$

26,644

 

 

$

29,857

 

 

$

50,741

 

 

$

57,694

 

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,

 

 

 

2025

 

 

2024

 

 

2025

 

 

2024

 

United States

 

$

64,634

 

 

$

60,715

 

 

$

123,169

 

 

$

117,964

 

Rest of the World (1)

 

 

36,101

 

 

 

21,939

 

 

 

69,417

 

 

 

42,866

 

Total revenue

 

$

100,735

 

 

$

82,654

 

 

$

192,586

 

 

$

160,830

 

(1)
Primarily Europe
Summary of Deferred Revenue

(in thousands)

December 31, 2024

 

Increase

 

Decrease

 

 

June 30, 2025

 

Deferred revenue

$

1,801

 

2,134

 

(1,801)

 

 

$

2,134