Revenue

3 Months Ended

Mar. 31, 2024

Revenue from Contract with Customer [Abstract]

Revenue

3. Revenue

The following table represents our revenue disaggregated by source:

	Three months ended March 31,
	2024		2023
	(in thousands)
Advertising revenue	$	222,682	$	160,080
Other revenue	20,281		3,660
Total revenue	$	242,963	$	163,740

The following table represents our revenue disaggregated by geography based on the billing address of the customer:

	Three months ended March 31,
	2024		2023
	(in thousands)
United States	$	199,803	$	130,641
Rest of world(1)	43,160		33,099
Total revenue	$	242,963	$	163,740

______________

(1)Other than the United States, no individual country represented 10% or more of total revenue during the three months ended March 31, 2024 and 2023.

For the three months ended March 31, 2024 and 2023, revenue recognized from the deferred revenue balance as of December 31, 2023 and 2022 was $5.4 million and $5.0 million, respectively. We will recognize substantially all of the deferred revenue as of December 31, 2023 as revenue in 2024.

As of March 31, 2024, the aggregate amount of remaining performance obligations in contracts with an original expected duration exceeding one year is $188.1 million. This amount consists primarily of long-term data licensing contracts and excludes deferred revenue related to short-term advertising contracts and Reddit Premium subscriptions. We expect to recognize approximately $68.0 million within the next 12 months and the remaining thereafter.