REVENUE FROM CONTRACTS WITH CUSTOMERS

6 Months Ended

Jun. 30, 2023

Revenue from Contract with Customer [Abstract]

REVENUE FROM CONTRACTS WITH CUSTOMERS

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 June 30,				Six Months Ended June 30,
	2023		2022		2023		2022
Virtual currency (over time)(1)	$	61,621	$	63,835	$	126,006	$	129,770
Advertising (point in time)	14,333		3,482		27,418		7,557
Other revenue (point in time or over time)	1,839		1,036		4,492		1,477
Total net revenue	$	77,793	$	68,353	$	157,916	$	138,804

(1)Virtual currency is recognized over the estimated consumption period.

The following table summarizes the Company’s revenue disaggregated by geography:

	Three Months Ended June 30,				Six Months Ended June 30,
	2023		2022		2023		2022
United States	$	66,597	$	60,042	$	136,152	$	122,145
All other countries	11,196		8,311		21,764		16,659
Total net revenue	$	77,793	$	68,353	$	157,916	$	138,804

Contract Balances

Contract assets represent the Company’s ability to bill customers for performance obligations completed under a contract. As of June 30, 2023 and December 31, 2022, there were no contract assets recorded in the Company’s consolidated balance sheet. The deferred revenue balance related to the purchase of virtual currency was immaterial as of June 30, 2023 and December 31, 2022. The opening and closing balance of trade receivables is further described in Note 5—Receivables.