Quarterly report [Sections 13 or 15(d)]

REVENUE FROM CONTRACTS WITH CUSTOMERS (Tables)

v3.25.2
REVENUE FROM CONTRACTS WITH CUSTOMERS (Tables)
6 Months Ended
Jun. 30, 2025
Revenue from Contract with Customer [Abstract]  
Schedule of Disaggregation of Revenue by Type
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,
2025 2024 2025 2024
Virtual currency (over time)
$ 48,208  $ 56,477  $ 99,049  $ 116,724 
Advertising (point in time) 11,128  16,006  22,991  33,448 
Other revenue (point in time or over time) 107  246 
Total net revenue $ 59,338  $ 72,590  $ 122,047  $ 150,418 

The following table summarizes the Company’s virtual currency revenue disaggregated by platform:
Three Months Ended
June 30,
Six Months Ended
June 30,
2025 2024 2025 2024
Third-party platforms 41,525  53,245  87,395  111,168 
Direct-to-consumer platforms 6,683  3,232  11,654  5,556 
Total virtual currency $ 48,208  $ 56,477  $ 99,049  $ 116,724 
Schedule of Disaggregation of Revenue by Geography
The following table summarizes the Company’s revenue disaggregated by geography:
Three Months Ended
June 30,
Six Months Ended
June 30,
2025 2024 2025 2024
United States $ 49,936  $ 61,494  $ 102,996  $ 126,858 
All other countries 9,402  11,096  19,051  23,560 
Total net revenue $ 59,338  $ 72,590  $ 122,047  $ 150,418