Quarterly report pursuant to Section 13 or 15(d)

REVENUE FROM CONTRACTS WITH CUSTOMERS

v3.23.1
REVENUE FROM CONTRACTS WITH CUSTOMERS
 3 Months Ended
Mar. 31, 2023
Revenue from Contract with Customer [Abstract]  
REVENUE FROM CONTRACTS WITH CUSTOMERS REVENUE FROM CONTRACTS WITH CUSTOMERS
Disaggregation of Revenue
The following table summarizes the Company’s revenue disaggregated by type, and by over time or point in time recognition:
Three Months Ended
March 31,
2023 2022
Virtual currency (over time)(1)
$ 64,385  $ 65,935 
Advertising (point in time) 13,085  4,075 
Other revenue (point in time or over time) 2,653  441 
Total net revenue $ 80,123  $ 70,451 
(1)Virtual currency is recognized over the estimated consumption period.

The following table summarizes the Company’s revenue disaggregated by geography:
Three Months Ended
March 31,
2023 2022
United States $ 69,557  $ 62,103 
All other countries 10,566  8,348 
Total net revenue $ 80,123  $ 70,451 
Contract Balances
Contract assets represent the Company’s ability to bill customers for performance obligations completed under a contract. As of March 31, 2023 and December 31, 2022, there were no contract assets recorded in the Company’s consolidated balance sheet. The deferred revenue balance related to the purchase of virtual currency was immaterial as of March 31, 2023 and December 31, 2022. The opening and closing balance of trade receivables is further described in Note 5—Receivables.