| Schedule of Segment Reporting Information, by Segment |
The following tables present the Company's reportable segment results for the three months ended March 31, 2026 (in thousands):
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Digital Advertising | | Subscription Digital Marketing Solutions | | Broadcast Advertising | | Other | | Corporate and Other Reconciling Items | | Total | | Net revenue | $ | 39,264 | | | $ | 17,510 | | | $ | 38,648 | | | $ | 1,359 | | | $ | — | | | $ | 96,781 | | | Direct operating expenses, excluding depreciation, amortization and stock-based compensation | 31,758 | | | 11,610 | | | 31,169 | | | 1,040 | | | — | | | 75,577 | | | Segment Profit | $ | 7,506 | | | $ | 5,900 | | | $ | 7,479 | | | $ | 319 | | | $ | — | | | $ | 21,204 | | | Depreciation and amortization | 234 | | | 764 | | | 2,354 | | | 22 | | | 1,322 | | | 4,696 | | | Corporate expenses | — | | | — | | | — | | | — | | | 4,823 | | | 4,823 | | | Stock-based compensation | 493 | | | 101 | | | 436 | | | 3 | | | 2,698 | | | 3,731 | | | Transaction and business realignment costs | — | | | — | | | 679 | | | 6 | | | 456 | | | 1,141 | | | | | | | | | | | | | | Impairment of intangible assets | — | | | — | | | 8,588 | | | — | | | — | | | 8,588 | | | | | | | | | | | | | | | Net gain on sale and retirement of assets | — | | | — | | | (501) | | | — | | | — | | | (501) | | | Operating income (loss) | $ | 6,779 | | | $ | 5,035 | | | $ | (4,077) | | | $ | 288 | | | $ | (9,299) | | | $ | (1,274) | |
The following table presents the Company's reportable segment results for the three months ended March 31, 2025 (in thousands):
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Digital Advertising | | Subscription Digital Marketing Solutions | | Broadcast Advertising | | Other | | Corporate and Other Reconciling Items | | Total | | Net revenue | $ | 36,751 | | | $ | 19,022 | | | $ | 41,387 | | | $ | 1,515 | | | $ | — | | | $ | 98,675 | | | Direct operating expenses, excluding depreciation, amortization and stock-based compensation | 28,851 | | | 12,846 | | | 32,943 | | | 1,176 | | | — | | | 75,816 | | | Segment Profit | $ | 7,900 | | | $ | 6,176 | | | $ | 8,444 | | | $ | 339 | | | $ | — | | | $ | 22,859 | | | Depreciation and amortization | 218 | | | 472 | | | 2,564 | | | 24 | | | 1,137 | | | 4,415 | | | Corporate expenses | — | | | — | | | — | | | — | | | 4,722 | | | 4,722 | | | Stock-based compensation | 436 | | | 133 | | | 414 | | | 3 | | | 3,202 | | | 4,188 | | | Transaction and business realignment costs | — | | | — | | | 224 | | | 6 | | | 2,208 | | | 2,438 | | | | | | | | | | | | | | | Net gain on sale and retirement of assets | — | | | — | | | (37) | | | — | | | — | | | (37) | | | Operating income (loss) | $ | 7,246 | | | $ | 5,571 | | | $ | 5,279 | | | $ | 306 | | | $ | (11,269) | | | $ | 7,133 | |
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