Revenue from Contracts with Customers

3 Months Ended

Mar. 31, 2022

Disaggregation of Revenue [Abstract]

Revenue from Contracts with Customers

Revenue from Contracts with Customers

See Note 2, “Basis of Presentation and Summary of Significant Accounting Policies” to the Notes to Condensed Consolidated Financial Statements for information on the change in the paying user life estimate.

Disaggregation of Revenue

The following table summarizes revenue by region based on the billing country of users:

	Three Months Ended March 31,
	2022				2021
	Amount		Percentage of Revenue		Amount		Percentage of Revenue
United States and Canada (1)	$	356,656	66	%	$	264,508	68	%
Europe	99,202		18		72,602		19
Asia-Pacific, including Australia and New Zealand	45,990		9		28,312		7
Rest of world	35,286		7		21,554		6
Total	$	537,134	100	%	$	386,976	100	%

(1)The Company’s net revenues in the U.S. were 62% and 64% of consolidated net revenues for the three months ended March 31, 2022, and 2021, respectively.

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

Durable virtual items accounted for 90% and 87% of Roblox Platform revenue for the three months ended March 31, 2022 and 2021, respectively.

Consumable virtual items accounted for 10% and 13% of Roblox Platform revenue for the three months ended March 31, 2022 and 2021, 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 March 31, 2022 and 2021, $448.5 million and $299.1 million, respectively, of revenue was recognized that was included in the current portion deferred revenue balance at the beginning of the periods.

As of March 31, 2022, the aggregate amount of revenue allocated to unsatisfied performance obligations is included in our deferred revenue balances. As of March 31, 2022, the Company expects to recognize $1,747.3 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.