Quarterly report pursuant to Section 13 or 15(d)

REVENUE FROM CONTRACTS WITH CUSTOMERS

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REVENUE FROM CONTRACTS WITH CUSTOMERS
6 Months Ended
Jun. 30, 2024
Revenue from Contract with Customer [Abstract]  
REVENUE FROM CONTRACTS WITH CUSTOMERS
NOTE 16—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
June 30,
Six Months Ended
June 30,
2024 2023 2024 2023
Virtual currency (over time)
$ 56,477  $ 61,621  $ 116,724  $ 126,006 
Advertising (point in time) 16,006  14,333  33,448  27,418 
Other revenue (point in time or over time) 107  1,839  246  4,492 
Total net revenue $ 72,590  $ 77,793  $ 150,418  $ 157,916 

The following table summarizes the Company’s revenue disaggregated by geography:
Three Months Ended
June 30,
Six Months Ended
June 30,
2024 2023 2024 2023
United States $ 61,494  $ 66,597  $ 126,858  $ 136,152 
All other countries 11,096  11,196  23,560  21,764 
Total net revenue $ 72,590  $ 77,793  $ 150,418  $ 157,916 
Contract Balances
Contract assets represent the Company’s ability to bill customers for performance obligations completed under a contract. As of June 30, 2024 and December 31, 2023, there were no contract assets recorded in the Company’s Condensed Consolidated Balance Sheets. The deferred revenue balance related to the purchase of virtual currency was immaterial as of June 30, 2024 and December 31, 2023. Trade receivables are described in Note 6—Receivables.