(In thousands) | Three Months Ended December 31, | Year Ended December 31, | |||||||||||||||||||||
2024 | 2023 | 2024 | 2023 | ||||||||||||||||||||
Revenue | $ | 224,213 | $ | 259,818 | $ | 771,757 | $ | 1,003,164 | |||||||||||||||
Operating expenses: | |||||||||||||||||||||||
Direct operating expenses(2) | 122,927 | 147,996 | 489,977 | 694,073 | |||||||||||||||||||
Selling, general and administrative expenses(2) | 34,691 | 44,705 | 132,765 | 197,708 | |||||||||||||||||||
Corporate expenses(2) | 12,505 | 13,762 | 43,460 | 45,799 | |||||||||||||||||||
Depreciation and amortization | 10,946 | 11,486 | 43,616 | 57,013 | |||||||||||||||||||
Other operating expense, net | 680 | 3,500 | 764 | 93,668 | |||||||||||||||||||
Operating income (loss) | 42,464 | 38,369 | 61,175 | (85,097) | |||||||||||||||||||
Interest expense, net | (2,862) | (9,618) | (8,860) | (46,386) | |||||||||||||||||||
Loss on extinguishment of debt | — | — | (2,394) | — | |||||||||||||||||||
Other income (expense), net | (11,961) | 10,421 | (10,044) | 17,541 | |||||||||||||||||||
Income (loss) before income taxes | 27,641 | 39,172 | 39,877 | (113,942) | |||||||||||||||||||
Income tax expense | (2,371) | (4,529) | (6,465) | (6,690) | |||||||||||||||||||
Consolidated net income (loss) | 25,270 | 34,643 | 33,412 | (120,632) | |||||||||||||||||||
Less: Net income attributable to noncontrolling interests | 32 | 37 | 102 | 95 | |||||||||||||||||||
Net income (loss) attributable to the Company | $ | 25,238 | $ | 34,606 | $ | 33,310 | $ | (120,727) |