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Revenues (Tables)
3 Months Ended
Mar. 31, 2022
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

 

 

 

Ended March 31,

 

 

 

2022

 

 

2021

 

Digital advertising

 

$

153,711

 

 

$

101,482

 

Broadcast advertising

 

 

31,457

 

 

 

33,675

 

Spectrum usage rights

 

 

1,535

 

 

 

2,844

 

Retransmission consent

 

 

9,195

 

 

 

9,647

 

Other

 

 

1,274

 

 

 

1,232

 

Total revenue

 

$

197,172

 

 

$

148,880

 

 

 

 

Three-Month Period

 

 

 

Ended March 31,

 

 

 

2022

 

 

2021

 

Local direct

 

$

5,421

 

 

$

5,240

 

Local agency

 

 

12,553

 

 

 

13,188

 

National agency

 

 

13,483

 

 

 

15,247

 

Total revenue

 

$

31,457

 

 

$

33,675

 

 

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

 

 

 

Ended March 31,

 

 

 

2022

 

 

2021

 

U.S.

 

$

52,271

 

 

$

52,473

 

Latin America

 

 

115,169

 

 

 

90,768

 

Asia

 

 

17,179

 

 

 

-

 

Rest of the World

 

 

12,553

 

 

 

5,639

 

Total revenue

 

$

197,172

 

 

$

148,880

 

Summary of Deferred Revenue

(in thousands)

December 31, 2021

 

Increase

 

Decrease *

 

 

March 31, 2022

 

Deferred revenue

$

5,942

 

6,940

 

(5,942)

 

 

$

6,940

 

 

* The amount reflects revenue that has been recorded in the three-month period ended March 31, 2022.