XML 29 R20.htm IDEA: XBRL DOCUMENT v3.23.1
Revenues (Tables)
3 Months Ended
Mar. 31, 2023
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,

 

 

 

2023

 

 

2022

 

Digital advertising

 

$

196,482

 

 

$

153,711

 

Broadcast advertising

 

 

29,627

 

 

 

31,457

 

Spectrum usage rights

 

 

2,146

 

 

 

1,535

 

Retransmission consent

 

 

9,623

 

 

 

9,195

 

Other

 

 

1,128

 

 

 

1,274

 

Total revenue

 

$

239,006

 

 

$

197,172

 

 

 

Three-Month Period

 

 

 

 

Ended March 31,

 

 

 

 

2023

 

 

2022

 

 

Local direct

 

$

5,308

 

 

$

5,421

 

 

Local agency

 

 

12,872

 

 

 

12,553

 

 

National agency

 

 

11,447

 

 

 

13,483

 

 

Total revenue

 

$

29,627

 

 

$

31,457

 

 

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,

 

 

 

 

2023

 

 

2022

 

 

U.S.

 

$

46,970

 

 

$

52,271

 

 

Latin America

 

 

131,918

 

 

 

115,169

 

 

Asia

 

 

24,063

 

 

 

17,179

 

 

EMEA

 

 

36,055

 

 

 

12,553

 

 

Total revenue

 

$

239,006

 

 

$

197,172

 

 

Summary of Deferred Revenue

(in thousands)

December 31, 2022

 

Increase

 

Decrease *

 

 

March 31, 2023

 

Deferred revenue

$

7,175

 

6,961

 

(7,175)

 

 

$

6,961

 

 

* The amount reflects revenue that was deferred as of December 31, 2022 and has been recorded as revenue in the three-month period ended March 31, 2023.