Revenue from Contracts with Customers

6 Months Ended

Jun. 30, 2021

Revenue From Contract With Customer [Abstract]

Revenue from Contracts with Customers

2. Revenue from Contracts with Customers

Disaggregation of Revenue

The following table presents our revenue disaggregated by platform (in millions):

	Three Months Ended June 30,				Six Months Ended June 30,
	2021		2020		2021		2020
Online game:
Mobile	$	567.6	$	370.2	$	1,106.3	$	698.9
Other(1)		19.4		18.0		37.7		33.6
Online game total	$	587.0	$	388.2	$	1,144.0	$	732.5
Advertising and other:
Mobile	$	131.6	$	62.4	$	253.6	$	120.7
Other(1)		1.4		1.1		2.7		2.2
Advertising and other total	$	133.0	$	63.5	$	256.3	$	122.9
Total revenue	$	720.0	$	451.7	$	1,400.3	$	855.4

⁽¹⁾ Includes web revenue for online game and web advertising revenue and other revenue for advertising and other

The following table presents our revenue disaggregated based on the geographic location of our payers (in millions):

	Three Months Ended June 30,				Six Months Ended June 30,
	2021		2020		2021		2020
United States	$	436.2	$	276.2	$	848.3	$	519.4
All other countries(1)		283.8		175.5		552		336.0
Total revenue	$	720.0	$	451.7	$	1,400.3	$	855.4

⁽¹⁾ No foreign country exceeded 10% of our total revenue for any periods presented.

The estimated weighted average playing period of payers was ten months for the three and six months ended June 30, 2021 and 2020.

During the six months ended June 30, 2021, we recognized $1.4 million of online game revenue and income from operations from changes in our estimated average playing period of payers that required adjusting the recognition period of deferred revenue generated in prior periods. This change in estimate did not impact our reported earnings per share in the six months ended June 30, 2021. During the three months ended June 30, 2021 and the three and six months ended June 30, 2020, there was no significant impact from changes in our estimated average playing period of payers that required adjusting the recognition period of deferred revenue generated in prior periods

Contract Balances

We receive payments from our customers based on the payment terms established in our contracts. Payments for online game revenue are required at time of purchase, are non-refundable and relate to non-cancellable contracts that specify our performance obligations. Such payments are initially recorded to deferred revenue and are recognized into revenue as we satisfy our performance obligations. Further, payments made by our players are collected by payment processors and remitted to us generally within 45 days of invoicing. Our right to the payments collected on our behalf is unconditional and therefore recorded as accounts receivable, net of the associated payment processing fees.

Payments for advertising arrangements are due based on the contractually stated payment terms. The contract terms generally require payment within 30 to 60 days subsequent to the end of the month. Our right to payment from the customer is unconditional and therefore recorded as accounts receivable.  

During the three and six months ended June 30, 2021, we recognized $240.9 million and $630.3 million, respectively, of revenue that was included in the current deferred revenue balance on December 31, 2020.

The increase in accounts receivable, net during the six months ended June 30, 2021 was primarily driven by sales on account during the period exceeding cash collections of current period and previously due amounts. The increase in deferred revenue during the six months ended June 30, 2021 was primarily driven by the sale of virtual items during the period, exceeding revenue recognized from the satisfaction of our performance obligations.

Unsatisfied Performance Obligations

Substantially all of our unsatisfied performance obligations relate to contracts with an original expected length of one year or less.