Annual report [Section 13 and 15(d), not S-K Item 405]

REVENUE FROM CONTRACTS WITH CUSTOMERS

v3.25.0.1
REVENUE FROM CONTRACTS WITH CUSTOMERS
 12 Months Ended
Dec. 31, 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:
Years Ended December 31,
2024 2023
Virtual currency (over time)
 $ 228,930  $ 247,929 
Advertising (point in time) 60,197  58,236 
Other revenue (point in time) $ 302  $ 4,721 
Total net revenue $ 289,429  $ 310,886 
The following table summarizes the Company’s virtual currency revenue disaggregated by platform:
Years Ended December 31,
2024 2023
Third-party platforms
 213,466  236,616 
Direct-to-consumer platforms
 15,464  11,313 
Total virtual currency
 $ 228,930  $ 247,929 
The following table summarizes the Company’s revenue disaggregated by geography:
Years Ended December 31,
2024 2023
United States $ 244,184  $ 265,660 
All other countries 45,245  45,226 
Total net revenue $ 289,429  $ 310,886 
Contract Balances
Contract assets represent the Company’s ability to bill customers for performance obligations completed under a contract. As of December 31, 2024 and December 31, 2023, contract assets recorded in the Company’s Consolidated Balance Sheets were immaterial. The deferred revenue balance related to the purchase of virtual currency was $0.1 million as of December 31, 2024 and immaterial as of December 31, 2023. The opening and closing balance of trade receivables is further described in Note 6—Receivables, net.