REVENUE FROM CONTRACTS WITH CUSTOMERS

9 Months Ended

Dec. 31, 2019

Revenue from Contract with Customer [Abstract]

Disaggregation of revenue

Product revenue

Product revenue is primarily comprised of the portion of revenue from software products that is recognized when the customer takes control of the product (i.e. upon delivery of the software product).

Service and other revenue

Service and other revenue is primarily comprised of revenue from game related services, virtual currency transactions, and in-game purchases which are recognized over an estimated service period.

Net revenue by product revenue and service and other was as follows:


	Three Months Ended December 31,						Nine Months Ended December 31,
	2019		2018		2019		2018
Net revenue recognized:
Service and other	481,301		311,282		1,327,433		933,663
Product	448,828		937,456		1,000,996		1,195,724
Total net revenue	$	930,129	$	1,248,738	$	2,328,429	$	2,129,387

Full game and other revenue

Full game and other revenue primarily includes the initial sale of full game software products, which may include offline and/or significant game related services.

Recurrent consumer spending revenue

Recurrent consumer spending revenue is generated from ongoing consumer engagement and includes revenue from virtual currency, add-on content, and in-game purchases.

Net revenue by full game and other revenue and recurrent consumer spending was as follows:


	Three Months Ended December 31,						Nine Months Ended December 31,
	2019		2018		2019		2018
Net revenue recognized:
Full game and other	589,633		952,182		1,354,607		1,351,202
Recurrent consumer spending	340,496		296,556		973,822		778,185
Total net revenue	$	930,129	$	1,248,738	$	2,328,429	$	2,129,387

Geography

We attribute net revenue to geographic regions based on software product destination. Net revenue by geographic region was as follows:


	Three Months Ended December 31,						Nine Months Ended December 31,
	2019		2018		2019		2018
Net revenue recognized:
United States	$	536,841	$	651,568	$	1,361,981	$	1,152,285
International	393,288		597,170		966,448		977,102
Total net revenue	$	930,129	$	1,248,738	$	2,328,429	$	2,129,387

Platform

Net revenue by platform was as follows:


	Three Months Ended December 31,						Nine Months Ended December 31,
	2019		2018		2019		2018
Net revenue recognized:
Console	$	679,799	$	1,144,459	$	1,766,431	$	1,811,429
PC and other	250,330		104,279		561,998		317,958
Total net revenue	$	930,129	$	1,248,738	$	2,328,429	$	2,129,387

Distribution channel

Our products are delivered through digital online services (digital download, online platforms, and cloud streaming) and physical retail and other. Net revenue by distribution channel was as follows:


	Three Months Ended December 31,						Nine Months Ended December 31,
	2019		2018		2019		2018
Net revenue recognized:
Digital online	$	700,321	$	594,722	$	1,743,876	$	1,268,140
Physical retail and other	229,808		654,016		584,553		861,247
Total net revenue	$	930,129	$	1,248,738	$	2,328,429	$	2,129,387

Deferred Revenue

We record deferred revenue when payments are due or received in advance of the fulfillment of our associated performance obligations. Deferred revenue, including current and non-current balances as of December 31, 2019 and March 31, 2019 were $874,776 and $864,360, respectively. For the nine months ended December 31, 2019, the additions to our deferred revenue balance were due primarily to cash payments received or due in advance of satisfying our performance obligations, while the reductions to our deferred revenue balance were due primarily to the recognition of revenue upon fulfillment of our performance obligations, both of which were in the ordinary course of business.

During the three months ended December 31, 2019 and 2018, $193,468 and $80,471, respectively, of revenue was recognized that was included in the deferred revenue balance at the beginning of the respective period. During the nine months ended December 31, 2019 and 2018, $758,301 and $504,600, respectively, of revenue was recognized that was included in the deferred revenue balance at the beginning of the period. As of December 31, 2019, the aggregate amount of contract revenue allocated to unsatisfied performance obligations is $967,609, which includes our deferred revenue balances and amounts to be invoiced and recognized in future periods. We expect to recognize approximately $872,647 of this balance as revenue over the next 12 months, and the remainder thereafter. This balance does not include an estimate for variable consideration arising from sales-based royalty license revenue in excess of the contractual minimum guarantee.

As of December 31, 2019 and March 31, 2019, our contract asset balances were $74,412 and $57,643, respectively, which are recorded within Prepaid expenses and other in our Condensed Consolidated Balance Sheets.