Revenue

3 Months Ended

Mar. 31, 2020

Revenue from Contract with Customer [Abstract]

During the three months ended March 31, 2019 and 2020, the Company recognized $280.7 million and $272.2 million of revenue, respectively, the majority of which was derived from contracts with customers.

During the three months ended March 31, 2019 and 2020, the Company did not incur any impairment or credit losses on any receivables or contract assets arising from the Company’s contracts with customers.

In accordance with ASC 606, the Company disaggregates revenue from contracts with customers based on the timing of revenue recognition. The Company determined that disaggregating revenue into these categories depicts how the nature, amount, timing and uncertainty of revenue and cash flows are affected by economic factors. As discussed in Note 18, Segment Information, the Company's business consists of the web presence and digital marketing segments. The following table presents disaggregated revenues by category for the three months ended March 31, 2019 and 2020:



	Three Months Ended March 31, 2019
	Web presence		Digital marketing		Total
	(unaudited, in thousands)
Subscription-based revenue
Direct revenue from subscriptions	$	148,915	$	101,310	$	250,225
Professional services	3,328		390		3,718
Reseller revenue	17,666		878		18,544
Total subscription-based revenue	$	169,909	$	102,578	$	272,487

Non-subscription-based revenue
MDF	$	1,886	$	162	$	2,048
Premium domains	4,867		—		4,867
Domain parking and monetization	1,281		—		1,281
Total non-subscription-based revenue	$	8,034	$	162	$	8,196

Total revenue	$	177,943	$	102,740	$	280,683



	Three Months Ended March 31, 2020
	Web presence		Digital marketing		Total
	(unaudited, in thousands)
Subscription-based revenue
Direct revenue from subscriptions	$	147,045	$	96,323	$	243,368
Professional services	3,148		570		3,718
Reseller revenue	17,308		921		18,229
Total subscription-based revenue	$	167,501	$	97,814	$	265,315

Non-subscription-based revenue
MDF	$	1,589	$	90	$	1,679
Premium domains	3,995		—		3,995
Domain parking and monetization	1,205		—		1,205
Total non-subscription-based revenue	$	6,789	$	90	$	6,879

Total revenue	$	174,290	$	97,904	$	272,194

Subscription-based revenue is primarily recognized over time, when the services are performed, except for third-party products for which the Company acts as an agent. Revenue from third-party products for which the Company acts as an agent is recognized at a point in time, when the revenue is earned.

Revenue, classified by the major geographic areas in which the Company’s customers are located, was as follows for the three months ended March 31, 2019 and 2020:



	Three Months Ended March 31, 2019
	Web presence		Digital marketing		Total
	(unaudited, in thousands)
Domestic	$	111,129	$	94,813	$	205,942
International	66,814		7,927		74,741
Total	$	177,943	$	102,740	$	280,683



	Three Months Ended March 31, 2020
	Web presence		Digital marketing		Total
	(unaudited, in thousands)
Domestic	$	107,451	$	90,336	$	197,787
International	66,839		7,568		74,407
Total	$	174,290	$	97,904	$	272,194