XML 29 R22.htm IDEA: XBRL DOCUMENT v3.25.3
Segment Information (Tables)
 9 Months Ended
Sep. 30, 2025
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,

 

 

%

 

 

 

2025

 

 

2024

 

 

Change

 

 

2025

 

 

2024

 

 

Change

 

Net revenue

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Media

 

$

44,505

 

 

$

59,802

 

 

 

(26

)%

 

$

130,895

 

 

$

154,801

 

 

 

(15

)%

Advertising Technology & Services

 

 

76,125

 

 

 

37,354

 

 

 

104

%

 

 

182,321

 

 

 

103,185

 

 

 

77

%

Consolidated

 

 

120,630

 

 

 

97,156

 

 

 

24

%

 

 

313,216

 

 

 

257,986

 

 

 

21

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cost of revenue

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Media

 

 

5,015

 

 

 

4,881

 

 

 

3

%

 

 

12,932

 

 

 

11,888

 

 

 

9

%

Advertising Technology & Services

 

 

45,971

 

 

 

21,920

 

 

 

110

%

 

 

109,536

 

 

 

61,995

 

 

 

77

%

Consolidated

 

 

50,986

 

 

 

26,801

 

 

 

90

%

 

 

122,468

 

 

 

73,883

 

 

 

66

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Direct operating expenses

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Media

 

 

28,596

 

 

 

29,193

 

 

 

(2

)%

 

 

81,941

 

 

 

82,405

 

 

 

(1

)%

Advertising Technology & Services

 

 

12,651

 

 

 

6,424

 

 

 

97

%

 

 

32,520

 

 

 

16,769

 

 

 

94

%

Consolidated

 

 

41,247

 

 

 

35,617

 

 

 

16

%

 

 

114,461

 

 

 

99,174

 

 

 

15

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Selling, general and administrative expenses

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Media

 

 

11,598

 

 

 

10,860

 

 

 

7

%

 

 

33,409

 

 

 

30,600

 

 

 

9

%

Advertising Technology & Services

 

 

7,430

 

 

 

6,252

 

 

 

19

%

 

 

17,578

 

 

 

15,209

 

 

 

16

%

Consolidated

 

 

19,028

 

 

 

17,112

 

 

 

11

%

 

 

50,987

 

 

 

45,809

 

 

 

11

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Depreciation and amortization

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Media

 

 

2,808

 

 

 

3,165

 

 

 

(11

)%

 

 

8,385

 

 

 

9,756

 

 

 

(14

)%

Advertising Technology & Services

 

 

322

 

 

 

717

 

 

 

(55

)%

 

 

1,249

 

 

 

3,293

 

 

 

(62

)%

Consolidated

 

 

3,130

 

 

 

3,882

 

 

 

(19

)%

 

 

9,634

 

 

 

13,049

 

 

 

(26

)%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Segment operating profit (loss)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Media

 

 

(3,512

)

 

 

11,703

 

 

*

 

 

 

(5,772

)

 

 

20,152

 

 

*

 

Advertising Technology & Services

 

 

9,751

 

 

 

2,041

 

 

 

378

%

 

 

21,438

 

 

 

5,919

 

 

 

262

%

Consolidated

 

 

6,239

 

 

 

13,744

 

 

 

(55

)%

 

 

15,666

 

 

 

26,071

 

 

 

(40

)%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Corporate expenses

 

 

6,340

 

 

 

6,930

 

 

 

(9

)%

 

 

20,503

 

 

 

29,989

 

 

 

(32

)%

Change in fair value of contingent consideration

 

 

-

 

 

 

(650

)

 

 

(100

)%

 

 

-

 

 

 

(630

)

 

 

(100

)%

Impairment charge

 

 

5,705

 

 

 

-

 

 

*

 

 

 

29,378

 

 

 

-

 

 

*

 

Loss on lease abandonment

 

 

-

 

 

 

-

 

 

*

 

 

 

25,191

 

 

 

-

 

 

*

 

Restructuring costs

 

 

3,188

 

 

 

-

 

 

*

 

 

 

3,188

 

 

 

-

 

 

*

 

Foreign currency (gain) loss

 

 

92

 

 

 

(121

)

 

*

 

 

 

110

 

 

 

120

 

 

 

(8

)%

Operating income (loss)

 

 

(9,086

)

 

 

7,585

 

 

*

 

 

 

(62,704

)

 

 

(3,408

)

 

 

1,740

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest expense

 

$

(3,803

)

 

$

(4,087

)

 

 

(7

)%

 

$

(11,503

)

 

$

(12,648

)

 

 

(9

)%

Interest income

 

 

574

 

 

 

646

 

 

 

(11

)%

 

 

1,798

 

 

 

1,801

 

 

 

(0

)%

Dividend income

 

 

1

 

 

 

-

 

 

*

 

 

 

2

 

 

 

10

 

 

 

(80

)%

Realized gain (loss) on marketable securities

 

 

2

 

 

 

(1

)

 

*

 

 

 

6

 

 

 

(110

)

 

*

 

Gain (loss) on debt extinguishment

 

 

(176

)

 

 

-

 

 

*

 

 

 

(214

)

 

 

(91

)

 

 

135

%

Income (loss) before income taxes

 

 

(12,488

)

 

 

4,143

 

 

*

 

 

 

(72,615

)

 

 

(14,446

)

 

 

403

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Capital expenditures

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Media

 

$

1,154

 

 

$

1,020

 

 

 

 

 

$

5,484

 

 

$

4,546

 

 

 

 

Advertising Technology & Services

 

 

33

 

 

 

31

 

 

 

 

 

 

87

 

 

 

298

 

 

 

 

Consolidated

 

$

1,187

 

 

$

1,051

 

 

 

 

 

$

5,571

 

 

$

4,844

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

* Percentage not meaningful.