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Revenues (Tables)
6 Months Ended
Jun. 30, 2021
Revenue From Contract With Customer [Abstract]  
Summary of Disaggregation of Revenue by Major Source, Sales Channel and by Geographical Region

The following table presents our revenues disaggregated by major source (in thousands):

 

 

 

Three-Month Period

 

 

Six-Month Period

 

 

 

Ended June 30,

 

 

Ended June 30,

 

 

 

2021

 

 

2020

 

 

2021

 

 

2020

 

Digital advertising

 

$

130,223

 

 

$

11,373

 

 

$

231,705

 

 

$

24,704

 

Broadcast advertising

 

 

36,438

 

 

 

22,589

 

 

 

70,113

 

 

 

61,317

 

Spectrum usage rights

 

 

1,109

 

 

 

1,356

 

 

 

3,953

 

 

 

2,712

 

Retransmission consent

 

 

9,286

 

 

 

9,362

 

 

 

18,933

 

 

 

18,942

 

Other

 

 

1,354

 

 

 

436

 

 

 

2,586

 

 

 

1,690

 

Total revenue

 

$

178,410

 

 

$

45,116

 

 

$

327,290

 

 

$

109,365

 

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,

 

 

 

2021

 

 

2020

 

 

2021

 

 

2020

 

Local direct

 

$

5,729

 

 

$

4,093

 

 

$

10,969

 

 

$

9,936

 

Local agency

 

 

15,219

 

 

 

7,873

 

 

 

28,407

 

 

 

21,439

 

National agency

 

 

15,490

 

 

 

10,623

 

 

 

30,737

 

 

 

29,942

 

Total revenue

 

$

36,438

 

 

$

22,589

 

 

$

70,113

 

 

$

61,317

 

 

The following table further disaggregates the Company’s revenue by geographical region (in thousands):

 

 

 

Three-Month Period

 

 

Six-Month Period

 

 

 

Ended June 30,

 

 

Ended June 30,

 

 

 

2021

 

 

2020

 

 

2021

 

 

2020

 

U.S.

 

$

54,132

 

 

$

37,143

 

 

$

106,605

 

 

$

92,557

 

Latin America

 

 

118,346

 

 

 

2,188

 

 

 

209,114

 

 

 

5,081

 

Rest of the World

 

 

5,932

 

 

 

5,785

 

 

 

11,571

 

 

 

11,727

 

Total revenue

 

$

178,410

 

 

$

45,116

 

 

$

327,290

 

 

$

109,365

 

Summary of Deferred Revenue

 

(in thousands)

December 31,

2020

 

Increase

 

Decrease *

 

 

June 30,

2021

 

Deferred revenue

$

3,127

 

2,328

 

(3,127)

 

 

$

2,328

 

 

* The amount reflects revenue that has been recorded in the six-month period ended June 30, 2021.