Three-Month Period

Ended March 31,

%

2024

2023

Change

Net revenue

Digital

$

237,491

$

196,482

21

%

Television

28,549

30,312

(6

)%

Audio

11,405

12,212

(7

)%

Consolidated

277,445

239,006

16

%

Cost of revenue - digital

203,229

167,756

21

%

Direct operating expenses

Digital

10,729

8,010

34

%

Television

16,928

14,759

15

%

Audio

7,915

7,093

12

%

Consolidated

35,572

29,862

19

%

Selling, general and administrative expenses

Digital

17,348

13,529

28

%

Television

6,040

5,340

13

%

Audio

3,307

3,899

(15

)%

Consolidated

26,695

22,768

17

%

Depreciation and amortization

Digital

3,846

3,631

6

%

Television

2,926

2,658

10

%

Audio

361

182

98

%

Consolidated

7,133

6,471

10

%

Segment operating profit (loss)

Digital

2,339

3,556

(34

)%

Television

2,655

7,555

(65

)%

Audio

(178

)

1,038

*

Consolidated

4,816

12,149

(60

)%

Corporate expenses

12,248

10,502

17

%

Change in fair value of contingent consideration

(1,420

)

(4,065

)

(65

)%

Impairment charge

49,438

-

*

Foreign currency (gain) loss

449

(956

)

*

Operating income (loss)

(55,899

)

6,668

*

Interest expense

$

(4,559

)

$

(4,028

)

13

%

Interest income

1,130

860

31

%

Dividend income

10

18

(44

)%

Realized gain (loss) on marketable securities

(113

)

(32

)

253

%

Gain (loss) on debt extinguishment

(40

)

(1,556

)

(97

)%

Income (loss) before income taxes

(59,471

)

1,930

*

Capital expenditures

Digital

$

181

$

1,111

Television

1,468

7,336

Audio

524

103

Consolidated

$

2,173

$

8,550

March 31,

December 31,

Total assets

2024

2023

Digital

361,238

425,624

Television

347,828

342,818

Audio

95,924

97,504

Consolidated

$

804,990

$

865,946