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Revenue Recognition
3 Months Ended
Mar. 31, 2022
Revenue from Contract with Customer [Abstract]  
Revenue Recognition

 

12.Revenue Recognition

 

Disaggregation of Revenue

 

The following table provides information about disaggregated revenue by category, geographical market and timing of revenue recognition:

 

   2022   2021 
   Three Months Ended March 31, 
   2022   2021 
Revenue by category:          
Digital revenue          
Digital advertising  $21,646   $9,540 
Digital subscriptions   6,461    7,085 
Other revenue   3,465    746 
Total digital revenue   31,572    17,371 
Print revenue          
Print advertising   1,368    1,533 
Print subscriptions   15,303    14,711 
Total print revenue   16,671    16,244 
Total  $48,243   $33,615 
Revenue by geographical market:          
United States  $47,321   $32,528 
Other   922    1,087 
Total  $48,243   $33,615 
Revenue by timing of recognition:          
At point in time  $41,782   $26,530 
Over time   6,461    7,085 
Total  $48,243   $33,615 

 

Contract Balances

 

The timing of the Company’s performance under its various contracts often differs from the timing of the customer’s payment, which results in the recognition of a contract asset or a contract liability. A contract asset is recognized when a good or service is transferred to a customer and the Company does not have the contractual right to bill for the related performance obligations. A contract liability is recognized when consideration is received from the customer prior to the transfer of goods or services.

 

The following table provides information about contract balances:

 

   March 31, 2022   December 31, 2021 
   As of 
   March 31, 2022   December 31, 2021 
Unearned revenue (short-term contract liabilities):          
Digital revenue  $12,815   $14,693 
Print revenue   35,704    39,337 
Total unearned revenue (short-term contract liabilities)  $48,519   $54,030 
Unearned revenue (long-term contract liabilities):          
Digital revenue  $1,321   $1,446 
Print revenue   11,041    13,831 
Total unearned revenue (long-term contract liabilities)  $12,362   $15,277 

 

Unearned Revenue – Unearned revenue, also referred to as contract liabilities, include payments received in advance of performance under the contracts and are recognized as revenue over time. The Company records contract liabilities as unearned revenue on the condensed consolidated balance sheets.