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Revenue from Contracts with Customers
6 Months Ended
Jun. 30, 2021
Disaggregation of Revenue [Abstract]  
Revenue from Contracts with Customers Revenue from Contracts with Customers
Disaggregation of Revenue
The following table summarizes revenue by region based on the billing country of users:
 Three Months Ended June 30,
 20212020
 AmountPercentage
of
Revenue
AmountPercentage
of
Revenue
United States and Canada (1)
$309,203 68 %$139,769 70 %
Europe85,042 19 36,021 18 
Asia-Pacific, including Australia and New Zealand33,050 15,263 
Rest of world26,805 9,339 
Total$454,100 100 %$200,392 100 %
 Six Months Ended June 30,
 20212020
 AmountPercentage
of
Revenue
AmountPercentage
of
Revenue
United States and Canada (1)
$573,711 68 %$252,417 70 %
Europe157,644 19 64,441 18 
Asia-Pacific, including Australia and New Zealand61,362 27,957 
Rest of world48,359 17,147 
Total$841,076 100 %$361,962 100 %
 
(1)The Company’s net revenues in the U.S. were 64% of consolidated net revenues for each of the three and six months ended June 30, 2021, and 65% for each of the three and six months ended June 30, 2020.
No individual country, other than those disclosed above, exceeded 10% of our total revenue for any period presented.
Durable virtual items accounted for 88% of Roblox Platform revenue for each of the three and six months ended June 30, 2021, respectively and 86% and 87% for the three and six months ended June 30, 2020, respectively.
Consumable virtual items accounted for 12% of Roblox Platform revenue for each of the three and six months ended June 30, 2021, respectively and 14% and 13% for the three and six months ended June 30, 2020, respectively.
Contract Balances and Deferred Revenue
The Company receives payments from its users based on the payment terms established in its contracts. Such payments are initially recorded to deferred revenue and are recognized into revenue as the Company satisfies its performance obligations. Further, payments made by the Company’s users are collected by payment processors and remitted to us generally within 30 days.
Deferred revenue mostly consists of payments we receive from users in advance of revenue recognition. During the three months ended June 30, 2021 and 2020, $360.9 million and $144.4 million, respectively, of revenue was recognized that was included in the current portion deferred revenue balance at the beginning of the periods. During the six months ended June 30, 2021 and 2020, $577.0 million and $241.2 million, respectively, of revenue was recognized that was included in the current portion deferred revenue balance at the beginning of the periods.
As of June 30, 2021, the aggregate amount of revenue allocated to unsatisfied performance obligations is included in our deferred revenue balances. As of June 30, 2021, the Company expects to recognize $1,488.2 million, as revenue over the next 12 months, and the remainder thereafter.
As mentioned above, the Company bills in advance of its performance obligations and as such, does not have unbilled receivables.