Net Revenues

6 Months Ended

Jun. 30, 2022

Revenue from Contract with Customer [Abstract]

Net Revenues

Net Revenues

Details of total net revenues were as follows:

	Three Months Ended June 30,				Six Months Ended June 30,
(in thousands)	2022		2021		2022		2021
Net retail sales	$	4,481,165	$	3,994,506	$	9,037,272	$	7,801,549
Third-party merchant services	475,553		430,231		966,900		781,165
Other revenue	81,103		53,377		150,335		102,260
Total net revenues	$	5,037,821	$	4,478,114	$	10,154,507	$	8,684,974

This level of revenue disaggregation takes into consideration how the nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factors. Net retail sales are recognized from online product sales to consumers. Third-party merchant services represent commissions, advertising, and delivery fees earned from merchants and restaurants that sell their products through the Company’s online business. Other revenue includes revenue earned from our various other offerings.

Contract liabilities consist of payments in advance of delivery and customer loyalty credits, which are included in deferred revenue on the condensed consolidated balance sheets. The Company recognized revenue of $84 million and $60 million for the six months ended June 30, 2022 and 2021, respectively, which were included in deferred revenue on the consolidated balance sheets as of December 31, 2021 and 2020, respectively. Revenue recognized from customer loyalty program liabilities as of December 31, 2021 and 2020 were not material for the six months ended June 30, 2022 and 2021, respectively.