| Segment Reporting |
The following tables present the Company's reportable segment results for the three months ended June 30, 2026 (in thousands):
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Digital Advertising | | Subscription Digital Marketing Solutions | | Broadcast Advertising | | Other | | Corporate and Other Reconciling Items | | Total | | Net revenue | $ | 47,221 | | | $ | 17,166 | | | $ | 46,510 | | | $ | 4,456 | | | $ | — | | | $ | 115,353 | | | Direct operating expenses, excluding depreciation, amortization and stock-based compensation | 36,328 | | | 10,711 | | | 32,562 | | | 4,909 | | | — | | | 84,510 | | | Segment Profit | $ | 10,893 | | | $ | 6,455 | | | $ | 13,948 | | | $ | (453) | | | $ | — | | | $ | 30,843 | | | Depreciation and amortization | 232 | | | 798 | | | 2,387 | | | 22 | | | 1,344 | | | 4,783 | | | Corporate expenses | — | | | — | | | — | | | — | | | 6,051 | | | 6,051 | | | Stock-based compensation | 583 | | | 117 | | | 651 | | | 4 | | | 1,947 | | | 3,302 | | | Transaction and business realignment costs | — | | | — | | | 66 | | | 36 | | | 2,071 | | | 2,173 | | | | | | | | | | | | | | Impairment of intangible assets | — | | | — | | | 26,643 | | | — | | | — | | | 26,643 | | | | | | | | | | | | | | | Net loss (gain) on sale and retirement of assets | — | | | 98 | | | 89 | | | — | | | (4) | | | 183 | | | Operating income (loss) | $ | 10,078 | | | $ | 5,442 | | | $ | (15,888) | | | $ | (515) | | | $ | (11,409) | | | $ | (12,292) | |
The following table presents the Company's reportable segment results for the three months ended June 30, 2025 (in thousands):
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Digital Advertising | | Subscription Digital Marketing Solutions | | Broadcast Advertising | | Other | | Corporate and Other Reconciling Items | | Total | | Net revenue | $ | 42,538 | | | $ | 18,767 | | | $ | 49,196 | | | $ | 4,947 | | | $ | — | | | $ | 115,448 | | | Direct operating expenses, excluding depreciation, amortization and stock-based compensation | 31,641 | | | 12,524 | | | 34,007 | | | 4,657 | | | — | | | 82,829 | | | Segment Profit | $ | 10,897 | | | $ | 6,243 | | | $ | 15,189 | | | $ | 290 | | | $ | — | | | $ | 32,619 | | | Depreciation and amortization | 214 | | | 436 | | | 2,561 | | | 23 | | | 1,324 | | | 4,558 | | | Corporate expenses | — | | | — | | | — | | | — | | | 6,198 | | | 6,198 | | | Stock-based compensation | 488 | | | 142 | | | 357 | | | 4 | | | 2,799 | | | 3,790 | | | Transaction and business realignment costs | — | | | — | | | 114 | | | 6 | | | 1,269 | | | 1,389 | | Impairment of intangible assets | — | | | — | | | 1,500 | | | — | | | — | | | 1,500 | | | Net gain on sale and retirement of assets | — | | | — | | | (5,866) | | | — | | | — | | | (5,866) | | | Operating income (loss) | $ | 10,195 | | | $ | 5,665 | | | $ | 16,523 | | | $ | 257 | | | $ | (11,590) | | | $ | 21,050 | |
The following tables present the Company's reportable segment results for the six months ended June 30, 2026 (in thousands):
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Digital Advertising | | Subscription Digital Marketing Solutions | | Broadcast Advertising | | Other | | Corporate and Other Reconciling Items | | Total | | Net revenue | $ | 86,485 | | | $ | 34,676 | | | $ | 85,158 | | | $ | 5,815 | | | $ | — | | | $ | 212,134 | | | Direct operating expenses, excluding depreciation, amortization and stock-based compensation | 68,086 | | | 22,321 | | | 63,731 | | | 5,949 | | | — | | | 160,087 | | | Segment Profit | $ | 18,399 | | | $ | 12,355 | | | $ | 21,427 | | | $ | (134) | | | $ | — | | | $ | 52,047 | | | Depreciation and amortization | 466 | | | 1,562 | | | 4,741 | | | 44 | | | 2,666 | | | 9,479 | | | Corporate expenses | — | | | — | | | — | | | — | | | 10,874 | | | 10,874 | | | Stock-based compensation | 1,076 | | | 218 | | | 1,087 | | | 7 | | | 4,645 | | | 7,033 | | | Transaction and business realignment costs | — | | | — | | | 745 | | | 42 | | | 2,527 | | | 3,314 | | | | | | | | | | | | | | Impairment of intangible assets | — | | | — | | | 35,231 | | | — | | | — | | | 35,231 | | | | | | | | | | | | | | | Net loss (gain) on sale and retirement of assets | — | | | 98 | | | (412) | | | — | | | (4) | | | (318) | | | Operating income (loss) | $ | 16,857 | | | $ | 10,477 | | | $ | (19,965) | | | $ | (227) | | | $ | (20,708) | | | $ | (13,566) | |
The following tables present the Company's reportable segment results for the six months ended June 30, 2025 (in thousands):
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Digital Advertising | | Subscription Digital Marketing Solutions | | Broadcast Advertising | | Other | | Corporate and Other Reconciling Items | | Total | | Net revenue | $ | 79,289 | | | $ | 37,789 | | | $ | 90,583 | | | $ | 6,462 | | | $ | — | | | $ | 214,123 | | | Direct operating expenses, excluding depreciation, amortization and stock-based compensation | 60,492 | | | 25,370 | | | 66,950 | | | 5,833 | | | — | | | 158,645 | | | Segment Profit | $ | 18,797 | | | $ | 12,419 | | | $ | 23,633 | | | $ | 629 | | | $ | — | | | $ | 55,478 | | | Depreciation and amortization | 432 | | | 908 | | | 5,125 | | | 47 | | | 2,461 | | | 8,973 | | | Corporate expenses | — | | | — | | | — | | | — | | | 10,920 | | | 10,920 | | | Stock-based compensation | 924 | | | 275 | | | 771 | | | 7 | | | 6,001 | | | 7,978 | | | Transaction and business realignment costs | — | | | — | | | 338 | | | 12 | | | 3,477 | | | 3,827 | | | | | | | | | | | | | | Impairment of intangible assets | — | | | — | | | 1,500 | | | — | | | — | | | 1,500 | | | Net gain on sale and retirement of assets | — | | | — | | | (5,903) | | | — | | | — | | | (5,903) | | | Operating income (loss) | $ | 17,441 | | | $ | 11,236 | | | $ | 21,802 | | | $ | 563 | | | $ | (22,859) | | | $ | 28,183 | |
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