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Revenue from Contracts with Customers (Tables)
9 Months Ended
Sep. 30, 2023
Revenue from Contract with Customer [Abstract]  
Disaggregation of Revenue
We disaggregate revenue by service type and by platform, respectively, as follows (in thousands):
Service TypeThree Months Ended
September 30, 2023
Three Months Ended
September 30, 2022
Nine Months Ended
September 30, 2023
Nine Months Ended
September 30, 2022
Transaction revenue(a)
$198,526 $6,927 $548,774 $21,477 
Subscription and service revenue6,248 6,286 16,848 18,839 
Total revenue$204,774 $13,213 $565,622 $40,316 
(a)Amounts are net of rebates and incentive payments of less than $0.1 million for both the three and nine months ended September 30, 2023, respectively, and less than $0.1 million and $0.4 million for the three and nine months ended September 30, 2022, respectively. Included in these amounts are amounts earned from related parties of less than $0.1 million for both the three and nine months ended September 30, 2023 and September 30, 2022, respectively.
PlatformThree Months Ended
September 30, 2023
Three Months Ended
September 30, 2022
Nine Months Ended
September 30, 2023
Nine Months Ended
September 30, 2022
Loyalty redemption platform$13,024 $12,742 $38,096 $38,852 
Crypto services(b)
191,750 471 527,526 1,464 
Total revenue$204,774 $13,213 $565,622 $40,316 
(b)Amounts are net of rebates and incentive payments of less than $0.1 million for both the three and nine months ended September 30, 2023, respectively, and less than $0.1 million and $0.4 million for the three and nine months ended September 30, 2022, respectively. Included in these amounts are amounts earned from related parties of less than $0.1 million for both the three and nine months ended September 30, 2023 and September 30, 2022, respectively.
Contract Liabilities The activity in deferred revenue for the nine months ended September 30, 2023 and September 30, 2022, respectively, was as follows (in thousands):
Nine Months Ended
September 30, 2023
Nine Months Ended
September 30, 2022
Beginning of the period contract liability$7,084 

$9,448 
Revenue recognized from contract liabilities included in the beginning balance(3,055)

(3,629)
Increases due to cash received, net of amounts recognized in revenue during the period3,191 

1,596 
End of the period contract liability$7,220 

$7,415