XML 21 R11.htm IDEA: XBRL DOCUMENT v3.24.3
Revenue from Contracts with Customers
 9 Months Ended
Sep. 30, 2024
Revenue from Contract with Customer [Abstract]  
Revenue from Contracts with Customers Revenue from Contracts with Customers
Disaggregated revenue
The following tables summarize subscription revenue and advertising revenue by region for the three and nine months ended September 30, 2024 and 2023 (in thousands):
Subscription
Three Months Ended
September 30,		Nine Months Ended
September 30,
2024202320242023
United States and Canada (North America)$347,879 $281,515 $1,068,336 $855,861 
Rest of world8,696 8,108 24,889 23,631 
Total subscription revenues$356,575 $289,623 $1,093,225 $879,492 
Advertising
Three Months Ended
September 30,		Nine Months Ended
September 30,
2024202320242023
United States and Canada (North America)$26,853 $30,307 $80,106 $75,642 
Rest of world201 285 702 741 
Total advertising revenues$27,054 $30,592 $80,808 $76,383 
Contract balances
For the three and nine months ended September 30, 2024 and 2023, the Company did not recognize material bad-debt expense and there were no material contract assets recorded on the accompanying condensed consolidated balance sheets as of September 30, 2024 and December 31, 2023.
The Company’s contract liabilities primarily relate to upfront payments and consideration received from customers for subscription services. As of September 30, 2024, and December 31, 2023, the Company’s contract liabilities totaled approximately $103.1 million and $90.2 million, respectively, and are recorded as deferred revenue on the accompanying condensed 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.