Revenues (Tables)

6 Months Ended

Jun. 30, 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				Six-Month Period
	Ended June 30,				Ended June 30,
	2022		2021		2022		2021
Digital advertising	$	174,378	$	130,223	$	328,089	$	231,705
Broadcast advertising		35,347		36,438		66,804		70,113
Spectrum usage rights		1,674		1,109		3,209		3,953
Retransmission consent		9,038		9,286		18,233		18,933
Other		1,258		1,354		2,532		2,586
Total revenue	$	221,695	$	178,410	$	418,867	$	327,290

Contracts are entered into directly with customers or through an advertising agency that represents the customer. Sales of advertising to customers or agencies within a station’s designated market area (“DMA”) are referred to as local revenue, whereas sales from outside the DMA are referred to as national revenue. 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,
	2022		2021		2022		2021
Local direct	$	6,009	$	5,729	$	11,430	$	10,969
Local agency		13,017		15,219		25,570		28,407
National agency		16,321		15,490		29,804		30,737
Total revenue	$	35,347	$	36,438	$	66,804	$	70,113

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,
	2022		2021		2022		2021
U.S.	$	59,069	$	54,132	$	111,340	$	106,605
Latin America		127,669		118,346		242,838		209,114
Asia		18,895		-		36,074		-
Rest of the World		16,062		5,932		28,615		11,571
Total revenue	$	221,695	$	178,410	$	418,867	$	327,290

Summary of Deferred Revenue

(in thousands)	December 31, 2021		Increase	Decrease *	June 30, 2022
Deferred revenue	$	5,942	7,163	(5,942)	$	7,163

* The amount reflects revenue that has been recorded in the six-month period ended June 30, 2022.