XML 46 R25.htm IDEA: XBRL DOCUMENT v3.25.0.1
Description of business, use of estimates, basis of presentation, and summary of significant accounting policies (Tables)
12 Months Ended
Dec. 31, 2024
Accounting Policies [Abstract]  
Schedule of Reconciliations Between Revenue and the Primary Measures of Profit or Loss and Include our Significant Expense Measures The tables below provide reconciliations between revenue and the primary measures of profit or loss and include our significant expense measures (in thousands).

 

 

 

 

 

 

 

2024

 

 

2023

 

 

2022

 

Revenue

 

$

3,101,971

 

 

$

2,910,930

 

 

$

3,279,245

 

Less:

 

 

 

 

 

 

 

 

 

Programming

 

 

998,231

 

 

 

995,292

 

 

 

952,225

 

Employee compensation (a)

 

 

719,534

 

 

 

702,324

 

 

 

707,214

 

Other segment items (b)

 

 

452,734

 

 

 

470,974

 

 

 

487,903

 

Adjusted EBITDA

 

$

931,472

 

 

$

742,340

 

 

$

1,131,903

 

Less: All other segment items (c)

 

 

332,429

 

 

 

265,993

 

 

 

500,705

 

Net income

 

$

599,043

 

 

$

476,347

 

 

$

631,198

 

(a) Includes the cost associated with salaries, bonuses, stock-based compensation, benefits paid to our employees and adjusted to remove workforce restructuring and retention costs (including stock-based compensation and cash payments).

(b) Primarily includes digital ad serving fees, professional service fees and costs associated with operating our facilities.

(c) Primarily includes taxes, interest expense, other non-operating costs, depreciation and amortization.

Schedule of Disaggregation of Revenue

Revenue earned by categories in 2024, 2023 and 2022 are shown below (amounts in thousands):

 

 

2024

 

 

2023

 

 

2022

 

Subscription

$

1,455,811

 

 

$

1,527,563

 

 

$

1,530,402

 

Advertising & Marketing Services

 

1,226,638

 

 

 

1,289,903

 

 

 

1,363,417

 

Political

 

373,229

 

 

 

45,800

 

 

 

341,110

 

Other

 

46,293

 

 

 

47,664

 

 

 

44,316

 

Total revenues

$

3,101,971

 

 

$

2,910,930

 

 

$

3,279,245