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Revenue Recognition
3 Months Ended
Mar. 31, 2024
Revenue from Contract with Customer [Abstract]  
Revenue Recognition

16. Revenue Recognition

 

Disaggregation of Revenue

 

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

 

   2024   2023 
  

Three Months Ended

March 31,

 
   2024   2023 
Revenue by category:          
Digital revenue          
Digital advertising  $22,748   $19,093 
Digital subscriptions   2,334    3,661 
Licensing and syndication revenue   2,300    3,351 
Other digital revenue   1,286    551 
Total digital revenue   28,668    26,656 
Print revenue          
Print advertising   -    656 
Print subscriptions   273    1,106 
Total print revenue   273    1,762 
Total  $28,941   $28,418 
Revenue by geographical market:          
United States  $27,411   $27,319 
Other   1,530    1,099 
Total  $28,941   $28,418 
Revenue by timing of recognition:          
At point in time  $26,607   $24,757 
Over time   2,334    3,661 
Total  $28,941   $28,418 

 

For the three months ended March 31, 2024 and 2023, disaggregated revenue represents revenue from continuing operations.

 

 

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, 2024

(unaudited)

   December 31, 2023 
   As of 
  

March 31, 2024

(unaudited)

   December 31, 2023 
Unearned revenue (short-term contract liabilities):          
Digital revenue  $12,370   $16,938 
Unearned revenue (long-term contract liabilities):          
Digital revenue  $624   $542 

 

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