Revenue Recognition

3 Months Ended

Mar. 31, 2022

Revenue from Contract with Customer [Abstract]

Revenue Recognition

Revenue Recognition

Disaggregation of revenues

The following table depicts the disaggregation of revenue according to customer type and is consistent with how we evaluate our financial performance. We believe this depicts how the nature, amount, timing and uncertainty of revenue and cash flows are affected by economic factors.

	Three Months Ended March 31, 2022
	Subscriptions		Advertising		Revenue Share (Related Party)		Revenue Share (Third-party)		Total
Timing of transfer:
Transferred over time	$	136,100	$	—	$	—	$	—	$	136,100
Transferred at a point in time	—		277		178		243		698
Total	$	136,100	$	277	$	178	$	243	$	136,798

	Three Months Ended March 31, 2021
	Subscriptions		Advertising		Revenue Share (Related Party)		Revenue Share (Third-party)		Total
Timing of transfer:
Transferred over time	$	117,647	$	—	$	—	$	—	$	117,647
Transferred at a point in time	—		910		373		784		2,067
Total	$	117,647	$	910	$	373	$	784	$	119,714

Revenue recognition by subscription type was as follows:

	Three Months Ended March 31,
	2022		2021
Lifetime subscriptions	$	51,452	$	40,164
Term subscriptions	84,648		77,483
Non-subscription revenue	698		2,067
Total	$	136,798	$	119,714

Revenue for the Lifetime and Term subscription types are determined based on the terms of the subscription agreements. Non-subscription revenue consists of revenue from advertising and other revenue.

Net revenue by principal geographic areas was as follows:

	Three Months Ended March 31,
	2022		2021
United States	$	136,711	$	119,274
International	87		440
Total	$	136,798	$	119,714

Revenue by location is determined by the billing entity for the customer.

Contract Balances

The timing of revenue recognition, billings, cash collections and refunds affects the recognition of accounts receivable, contract assets and deferred revenue. Our current deferred revenue balance in the condensed consolidated balance sheets includes an obligation for refunds for contracts where the provision for refund has not lapsed. Accounts receivable, deferred revenue and obligation for refunds are as follows:

	As of
	March 31, 2022		December 31, 2021
Contract balances
Accounts receivable	$	16,412	$	7,805
Obligations for refunds	$	5,363	$	5,590
Deferred revenue – current	$	312,497	$	311,543
Deferred revenue – non-current	$	393,764	$	393,043

We recognized $109,730 and $94,838 of revenue during the three months ended March 31, 2022 and 2021, respectively, that was included within the beginning contract liability balance of the respective periods. The Company has collected all amounts included in deferred revenue other than $16,412 and $7,805 as of March 31, 2022 and December 31, 2021, respectively, related to the timing of cash settlement with our credit card processor.

Assets Recognized from Costs to Obtain a Contract with a Customer

The following table presents the opening and closing balances of our capitalized costs associated with contracts with customers:

Balance at January 1, 2022	$	203,071
Royalties and sales commissions – additions	10,633
Revenue share and cost per acquisition fees – additions	15,670
Amortization of capitalized costs	(22,654)
Balance at March 31, 2022	$	206,720

We did not recognize any impairment on capitalized costs associated with contracts with customers for the three months ended March 31, 2022 and 2021.

Remaining Performance Obligations

As of March 31, 2022, the Company had $711,624 of remaining performance obligations presented as deferred revenue in the condensed consolidated balance sheets. We expect to recognize approximately 45% of that amount as revenues over the next twelve months, with the remainder recognized thereafter.