Quarterly report pursuant to Section 13 or 15(d)

REVENUE FROM CONTRACTS WITH CUSTOMERS

v3.23.3
REVENUE FROM CONTRACTS WITH CUSTOMERS
9 Months Ended
Sep. 30, 2023
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,
2023 2022 2023 2022
Virtual currency (over time)(1)
$ 61,558  $ 65,607  $ 187,565  $ 195,377 
Advertising (point in time) 14,190  3,807  41,608  11,364 
Other revenue (point in time or over time) 110  2,713  4,601  4,190 
Total net revenue $ 75,858  $ 72,127  $ 233,774  $ 210,931 
(1)Virtual currency is recognized over the estimated consumption period.

The following table summarizes the Company’s revenue disaggregated by geography:
Three Months Ended
September 30,
Nine Months Ended
September 30,
2023 2022 2023 2022
United States $ 64,414  $ 63,501  $ 200,566  $ 185,646 
All other countries 11,444  8,626  33,208  25,285 
Total net revenue $ 75,858  $ 72,127  $ 233,774  $ 210,931 
Contract Balances
Contract assets represent the Company’s ability to bill customers for performance obligations completed under a contract. As of September 30, 2023 and December 31, 2022, 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, 2023 and December 31, 2022. Trade receivables are described in Note 5—Receivables.