Revenue from Contracts with Customers

12 Months Ended

Dec. 31, 2023

Revenue from Contract with Customer [Abstract]

Revenue from Contract with Customer

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,
	2023		2022		2021
Subscription	$	1,249,579	$	905,886	$	564,441
Advertising	115,370		101,739		73,749
Other	3,276		1,071		180
Total revenues	$	1,368,225	$	1,008,696	$	638,370

The following tables summarize subscription revenue and advertising revenue by region for the year ended December 31, 2023, 2022 and 2021 (in thousands):

Subscription

	Years Ended December 31,
	2023		2022		2021
United States and Canada (North America)	$	1,217,905	$	882,679	$	562,991
Rest of world	31,674		23,207		1,450
Total subscription revenues	$	1,249,579	$	905,886	$	564,441

Advertising

	Years Ended December 31,
	2023		2022		2021
United States and Canada (North America)	$	114,247	$	100,605	$	73,538
Rest of world	1,123		1,134		211
Total advertising revenues	$	115,370	$	101,739	$	73,749

Contract balances

For the year ended December 31, 2023, 2022, and 2021, 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, 2023 and 2022.

The contract liabilities primarily relate to upfront payments and consideration received from customers for subscription services. As of December 31, 2023 and 2022, the Company’s contract liabilities totaled $90.2 million and $65.4 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.