Revenue from Contracts with Customers

12 Months Ended

Dec. 31, 2021

Revenue from Contract with Customer [Abstract]

Revenue from Contracts with Customers

Note 5 - Revenue from Contracts with Customers

Disaggregated revenue

The following table presents the Company’s revenues disaggregated into categories based on the nature of such revenues (in thousands):

	Years Ended December 31,
	2021		2020		2019
Subscription	$	564,441	$	184,328	$	-
Advertising		73,749		24,904		-
Software licenses, net		-		7,295		4,271
Other		160		1,219		-
Total revenues	$	638,350	$	217,746	$	4,271

Contract balances

There were no losses recognized related to any receivables arising from the Company’s contracts with customers for the year ended December 31, 2021 and 2020.

For the year ended December 31, 2021 and 2020, the Company did not recognize material bad-debt expense and there were no material contract assets recorded on the accompanying consolidated balance sheet as of December 31, 2021 and 2020.

The contract liabilities primarily relate to upfront payments and consideration received from customers for subscription services. As of December 31, 2021 and 2020, the Company’s contract liabilities totaled $44.3 million and $17.4 million, respectively, and are recorded as deferred revenue on the accompanying consolidated balance sheets.

Transaction price allocated to remaining performance obligations

The Company does not disclose the transaction price allocated to remaining performance obligations since subscription and advertising contracts have an original expected term of one year or less.