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Revenues (Tables) | 6 Months Ended
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Jun. 30, 2026
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, |
|  | 2026 |  |  | 2025 |  |  | 2026 |  |  | 2025 |
Digital advertising |  | $ | 193,168 |  |  | $ | 63,255 |  |  | $ | 356,912 |  |  | $ | 120,048 |
Broadcast advertising |  |  | 24,344 |  |  |  | 26,644 |  |  |  | 47,142 |  |  |  | 50,741 |
Spectrum usage rights |  |  | 808 |  |  |  | 1,781 |  |  |  | 1,605 |  |  |  | 3,567 |
Retransmission consent |  |  | 8,211 |  |  |  | 7,708 |  |  |  | 16,575 |  |  |  | 15,784 |
Other |  |  | 1,370 |  |  |  | 1,347 |  |  |  | 2,638 |  |  |  | 2,446 |
Total revenue |  | $ | 227,901 |  |  | $ | 100,735 |  |  | $ | 424,872 |  |  | $ | 192,586 |
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, |
|  | 2026 |  |  | 2025 |  |  | 2026 |  |  | 2025 |
Local direct |  | $ | 4,661 |  |  | $ | 4,879 |  |  | $ | 8,939 |  |  | $ | 9,689 |
Local agency |  |  | 10,901 |  |  |  | 12,001 |  |  |  | 21,445 |  |  |  | 22,540 |
National agency |  |  | 8,782 |  |  |  | 9,764 |  |  |  | 16,758 |  |  |  | 18,512 |
Total revenue |  | $ | 24,344 |  |  | $ | 26,644 |  |  | $ | 47,142 |  |  | $ | 50,741 |
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, |
|  | 2026 |  |  | 2025 |  |  | 2026 |  |  | 2025 |
United States |  | $ | 88,677 |  |  | $ | 64,634 |  |  | $ | 167,009 |  |  | $ | 123,169 |
Asia |  |  | 97,464 |  |  |  | 3,316 |  |  |  | 173,390 |  |  |  | 3,316 |
Europe |  |  | 40,848 |  |  |  | 32,310 |  |  |  | 83,161 |  |  |  | 65,213 |
Rest of the World |  |  | 912 |  |  |  | 475 |  |  |  | 1,312 |  |  |  | 888 |
Total revenue |  | $ | 227,901 |  |  | $ | 100,735 |  |  | $ | 424,872 |  |  | $ | 192,586 |
Summary of Deferred Revenue | (in thousands) December 31, 2025 Increase Decrease June 30, 2026 Deferred revenue $ 2,615 2,922 (2,615) $ 2,922

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