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.