Quarterly report pursuant to Section 13 or 15(d)

REVENUE FROM CONTRACTS WITH CUSTOMERS

v3.24.3
REVENUE FROM CONTRACTS WITH CUSTOMERS
9 Months Ended
Sep. 30, 2024
Revenue from Contract with Customer [Abstract]  
REVENUE FROM CONTRACTS WITH CUSTOMERS
NOTE 15—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
September 30,
Nine Months Ended
September 30,
2024 2023 2024 2023
Virtual currency (over time)
$ 57,564  $ 61,558  $ 174,288  $ 187,565 
Advertising (point in time) 13,613  14,190  47,061  41,608 
Other revenue (point in time or over time) 52  110  298  4,601 
Total net revenue $ 71,229  $ 75,858  $ 221,647  $ 233,774 

The following table summarizes the Company’s revenue disaggregated by geography:
Three Months Ended
September 30,
Nine Months Ended
September 30,
2024 2023 2024 2023
United States $ 60,088  $ 64,414  $ 186,946  $ 200,566 
All other countries 11,141  11,444  34,701  33,208 
Total net revenue $ 71,229  $ 75,858  $ 221,647  $ 233,774 
Contract Balances
Contract assets represent the Company’s ability to bill customers for performance obligations completed under a contract. As of September 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 September 30, 2024 and December 31, 2023. Trade receivables are described in Note 6—Receivables, net.