REVENUE FROM CONTRACTS WITH CUSTOMERS

12 Months Ended

Mar. 31, 2020

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 our software products that include game related services, or separate 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:


	Twelve Months Ended March 31,
	2020		2019
Net revenue recognized:
Service and other	$	1,839,696	$	1,319,033
Product	1,249,274		1,349,361
Total net revenue	$	3,088,970	$	2,668,394

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:


	Twelve Months Ended March 31,
	2020		2019
Net revenue recognized:
Full game and other	$	1,703,971	$	1,597,478
Recurrent consumer spending	1,384,999		1,070,916
Total net revenue	$	3,088,970	$	2,668,394

Geography

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


	Twelve Months Ended March 31,
	2020		2019		2018⁽¹⁾
Net revenue recognized:
United States	$	1,775,682	$	1,426,906	$	1,052,313
International	1,313,288		1,241,488		740,579
Total net revenue	$	3,088,970	$	2,668,394	$	1,792,892

(1) This disaggregated revenue category had previously been disclosed as part of Note 17 - Segment and Geographic Information in our Annual Report on Form 10-K for the fiscal year ended March 31, 2018. Amounts have not been retrospectively adjusted to reflect the adoption of ASC Topic 606.

Platform

Net revenue by platform was as follows:


	Twelve Months Ended March 31,
	2020		2019		2018⁽¹⁾
Net revenue recognized:
Console	$	2,308,602	$	2,233,861	$	1,463,306
PC and other	780,368		434,533		329,586
Total net revenue	$	3,088,970	$	2,668,394	$	1,792,892

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:


	Twelve Months Ended March 31,
	2020		2019		2018⁽¹⁾
Net revenue recognized:
Digital online	$	2,378,563	$	1,681,609	$	1,130,946
Physical retail and other	710,407		986,785		661,946
Total net revenue	$	3,088,970	$	2,668,394	$	1,792,892

Deferred Revenue

We record deferred revenue when payments are due or received in advance of the fulfillment of our associated performance obligations. The opening balance and ending balance of deferred revenue, including current and non-current balances as of March 31, 2020 and March 31, 2019 were $806,123 and $864,360, respectively. For the twelve months ended March 31, 2020, the additions to our deferred revenue balance were primarily due to cash payments received or due in advance of satisfying our performance obligations, while the reductions to our deferred revenue balance were primarily due to the recognition of revenue upon fulfillment of our performance obligations, both of which were in the ordinary course of business.

During the twelve months ended March 31, 2020, $850,266 of revenue was recognized that was included in the deferred revenue balance at the beginning of the period. As of March 31, 2020, the aggregate amount of contract revenue allocated to unsatisfied performance obligations is $889,287, which includes our deferred revenue balances and amounts to be invoiced and recognized as revenue in future periods. We expect to recognize approximately $800,549 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 March 31, 2020 and March 31, 2019, our contract asset balances were $81,625 and $57,643, respectively.