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Revenues (Tables) | 9 Months Ended
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Sep. 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 |  |  | Nine-Month Period |
|  | Ended September 30, |  |  | Ended September 30, |
|  | 2025 |  |  | 2024 |  |  | 2025 |  |  | 2024 |
Digital advertising |  | $ | 85,200 |  |  | $ | 45,871 |  |  | $ | 205,248 |  |  | $ | 125,161 |
Broadcast advertising |  |  | 25,496 |  |  |  | 39,998 |  |  |  | 76,237 |  |  |  | 97,692 |
Spectrum usage rights |  |  | 1,308 |  |  |  | 1,707 |  |  |  | 4,875 |  |  |  | 5,092 |
Retransmission consent |  |  | 7,380 |  |  |  | 8,031 |  |  |  | 23,164 |  |  |  | 26,011 |
Other |  |  | 1,246 |  |  |  | 1,549 |  |  |  | 3,692 |  |  |  | 4,030 |
Total revenue |  | $ | 120,630 |  |  | $ | 97,156 |  |  | $ | 313,216 |  |  | $ | 257,986 |
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, |
|  | 2025 |  |  | 2024 |  |  | 2025 |  |  | 2024 |
Local direct |  | $ | 4,712 |  |  | $ | 5,042 |  |  | $ | 14,401 |  |  | $ | 15,186 |
Local agency |  |  | 11,820 |  |  |  | 13,387 |  |  |  | 34,360 |  |  |  | 39,414 |
National agency |  |  | 8,964 |  |  |  | 21,569 |  |  |  | 27,476 |  |  |  | 43,092 |
Total revenue |  | $ | 25,496 |  |  | $ | 39,998 |  |  | $ | 76,237 |  |  | $ | 97,692 |
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, |
|  | 2025 |  |  | 2024 |  |  | 2025 |  |  | 2024 |
United States |  | $ | 68,694 |  |  | $ | 73,939 |  |  | $ | 191,863 |  |  | $ | 192,207 |
Rest of the World (1) |  |  | 51,936 |  |  |  | 23,217 |  |  |  | 121,353 |  |  |  | 65,779 |
Total revenue |  | $ | 120,630 |  |  | $ | 97,156 |  |  | $ | 313,216 |  |  | $ | 257,986 |
(1) Primarily Europe
Summary of Deferred Revenue |
(in thousands) | December 31, 2024 |  | Increase |  | Decrease |  |  | September 30, 2025 |
Deferred revenue | $ | 1,801 |  | 2,379 |  | (1,801) |  |  | $ | 2,379 |

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