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Revenue from Contracts with Customers (Tables)
6 Months Ended
Jun. 30, 2024
Revenue from Contract with Customer [Abstract]  
Disaggregation of Revenue
We disaggregate revenue by service type and by platform as follows (in thousands):
Service TypeThree Months Ended
June 30, 2024
Three Months Ended
June 30, 2023
Six Months Ended
June 30, 2024
Six Months Ended
June 30, 2023
Transaction revenue$503,717 $342,542 $1,351,701 $350,248 
Subscription and service revenue6,181 5,087 12,779 10,600 
Total revenue$509,898 $347,629 $1,364,480 $360,848 
PlatformThree Months Ended
June 30, 2024
Three Months Ended
June 30, 2023
Six Months Ended
June 30, 2024
Six Months Ended
June 30, 2023
Loyalty redemption platform, net$12,757 $12,296 $25,999 $25,072 
Crypto services497,141 335,333 1,338,481 335,776 
Total revenue$509,898 $347,629 $1,364,480 $360,848 
Contract Liabilities The activity in deferred revenue for the six months ended June 30, 2024 and June 30, 2023, respectively, was as follows (in thousands):
Six Months Ended
June 30, 2024
Six Months Ended
June 30, 2023
Beginning of the period contract liability$7,480 

$7,084 
Revenue recognized from contract liabilities included in the beginning balance(2,815)

(2,121)
Increases due to cash received, net of amounts recognized in revenue during the period405 

1,301 
End of the period contract liability$5,070 

$6,264