REVENUE FROM CONTRACTS WITH CUSTOMERS

12 Months Ended

Mar. 31, 2022

Revenue from Contract with Customer [Abstract]

REVENUE FROM CONTRACTS WITH CUSTOMERS

REVENUE FROM CONTRACTS WITH CUSTOMERS

Disaggregation of Revenue

Timing of recognition

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 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 service and other revenue and product was as follows:

	Fiscal Year Ended March 31,
	2022		2021		2020
Net revenue recognized:
Service and other (over time)	$	2,461,619	$	2,281,555	$	1,839,696
Product (point in time)	1,043,181		1,091,217		1,249,274
Total net revenue	$	3,504,800	$	3,372,772	$	3,088,970

Content

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

    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.

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

	Fiscal Year Ended March 31,
	2022		2021		2020
Net revenue recognized:
Recurrent consumer spending	$	2,271,171	$	2,151,952	$	1,448,191
Full game and other	1,233,629		1,220,820		1,640,779
Total net revenue	$	3,504,800	$	3,372,772	$	3,088,970

Geography

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

	Fiscal Year Ended March 31,
	2022		2021		2020
Net revenue recognized:
United States	$	2,100,237	$	2,015,885	$	1,775,682
International	1,404,563		1,356,887		1,313,288
Total net revenue	$	3,504,800	$	3,372,772	$	3,088,970

Platform

    Net revenue by platform was as follows:

	Fiscal Year Ended March 31,
	2022		2021		2020
Net revenue recognized:
Console	$	2,528,857	$	2,516,993	$	2,308,602
PC and other	572,506		581,702		594,619
Mobile	403,437		274,077		185,749
Total net revenue	$	3,504,800	$	3,372,772	$	3,088,970

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:

	Fiscal Year Ended March 31,
	2022		2021		2020
Net revenue recognized:
Digital online	$	3,148,957	$	2,972,403	$	2,405,097
Physical retail and other	355,843		400,369		683,873
Total net revenue	$	3,504,800	$	3,372,772	$	3,088,970

Deferred Revenue

    We record deferred revenue when payments are due or received in advance of the fulfillment of our associated performance obligations. The balance of deferred revenue, including current and non-current balances, as of March 31, 2022 and March 31, 2021 were $936,181 and $965,331, respectively. For the fiscal year ended March 31, 2022, 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 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 fiscal year ended March 31, 2022, $916,546 of revenue was recognized that was included in the deferred revenue balance at the beginning of the period. As of March 31, 2022, the aggregate amount of contract revenue allocated to unsatisfied performance obligations is $1,101,533, which includes our deferred revenue balances and amounts to be invoiced and recognized as revenue in future periods. We expect to recognize approximately $949,872 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, 2022 and March 31, 2021, our contract asset balances were $104,913 and $105,554, respectively, which are included within Prepaid and other in our Consolidated Balance Sheet.