Revenue from Contracts with Customers

12 Months Ended

Dec. 31, 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 (in thousands, except percentages):

	Year Ended December 31,
	2021				2020				2019
	Amount		Percentage of Revenue		Amount		Percentage of Revenue		Amount		Percentage of Revenue
United States and Canada (1)	$	1,298,938	68	%	$	638,354	69	%	$	364,114	72	%
Europe	357,656		19		168,303		18		83,271		16
Asia-Pacific, including Australia and New Zealand	145,464		7		70,530		8		37,677		7
Rest of world	117,123		6		46,698		5		23,331		5
Total	$	1,919,181	100	%	$	923,885	100	%	$	508,393	100	%

(1)The Company’s revenues in the U.S. were 63%, 65%, and 67% of consolidated revenues for each of the years ended December 31, 2021, 2020, and 2019, respectively.

No individual country, other than those disclosed above, exceeded 10% of our total revenue for any period presented.

Consumable virtual items accounted for 11%, 13% and 13%, of Roblox Platform revenue in the years ended December 31, 2021, 2020, and 2019, respectively. Durable virtual items accounted for 89%, 87% and 87%, of Roblox Platform revenue in the years ended December 31, 2021, 2020, and 2019, 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. The increase in the deferred revenue balances for the year ended December 31, 2021 was driven by cash payments from users in advance of satisfying our performance obligations, offset by $1,070.1 million of revenue recognized that was included in the current portion deferred revenue balance at the beginning of the period.

As of December 31, 2021, the aggregate amount of revenue allocated to unsatisfied performance obligations is included in our deferred revenue balances. As of December 31, 2021, the Company expects to recognize $1,758.0 million, respectively, as revenue over the next 12 months, and the remainder thereafter.

As mentioned above, the Company bills in advance of our performance obligations and as such, does not have unbilled receivables.