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Revenues (Tables)
9 Months Ended
Sep. 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

 

 

Nine-Month Period

 

 

 

Ended September 30,

 

 

Ended September 30,

 

 

 

2021

 

 

2020

 

 

2021

 

 

2020

 

Digital advertising

 

$

146,121

 

 

$

13,655

 

 

$

377,826

 

 

$

38,359

 

Broadcast advertising

 

 

40,495

 

 

 

37,596

 

 

 

110,608

 

 

 

98,913

 

Spectrum usage rights

 

 

1,104

 

 

 

1,358

 

 

 

5,057

 

 

 

4,070

 

Retransmission consent

 

 

9,128

 

 

 

9,056

 

 

 

28,061

 

 

 

27,998

 

Other

 

 

2,160

 

 

 

1,313

 

 

 

4,746

 

 

 

3,003

 

Total revenue

 

$

199,008

 

 

$

62,978

 

 

$

526,298

 

 

$

172,343

 

 

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,

 

 

 

2021

 

 

2020

 

 

2021

 

 

2020

 

Local direct

 

$

5,881

 

 

$

5,464

 

 

$

16,850

 

 

$

15,400

 

Local agency

 

 

16,122

 

 

 

12,021

 

 

 

44,529

 

 

 

33,460

 

National agency

 

 

18,492

 

 

 

20,111

 

 

 

49,229

 

 

 

50,053

 

Total revenue

 

$

40,495

 

 

$

37,596

 

 

$

110,608

 

 

$

98,913

 

 

 

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

 

 

 

Three-Month Period

 

 

Nine-Month Period

 

 

 

Ended September 30,

 

 

Ended September 30,

 

 

 

2021

 

 

2020

 

 

2021

 

 

2020

 

U.S.

 

$

60,265

 

 

$

54,449

 

 

$

166,870

 

 

$

147,006

 

Latin America

 

 

120,783

 

 

 

2,675

 

 

 

329,897

 

 

 

7,756

 

Rest of the World

 

 

17,960

 

 

 

5,854

 

 

 

29,531

 

 

 

17,581

 

Total revenue

 

$

199,008

 

 

$

62,978

 

 

$

526,298

 

 

$

172,343

 

Summary of Deferred Revenue

 

(in thousands)

December 31,

2020

 

Increase

 

Decrease *

 

 

September 30,

2021

 

Deferred revenue

$

3,127

 

3,958

 

(3,127)

 

 

$

3,958

 

 

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