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REVENUE FROM CONTRACTS WITH CUSTOMERS
 3 Months Ended
Jun. 30, 2025
Revenue from Contract with Customer [Abstract]  
REVENUE FROM CONTRACTS WITH CUSTOMERS REVENUE FROM CONTRACTS WITH CUSTOMERS
Disaggregation of Revenue
Timing of recognition
Net revenue recognized at a point in time 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).
Net revenue recognized over time is primarily comprised of revenue from our software products that include game related services, separate virtual currency transactions, and in-game purchases, which are recognized over an estimated service period. Net revenue recognized over time also includes in-game advertising, which is recognized over a contractual term.
Net revenue by timing of recognition was as follows:
Three Months Ended June 30,
20252024
Net revenue recognized:
Over time$1,262.9 $1,127.6 
Point in time240.9 210.6 
Total net revenue$1,503.8 $1,338.2 
Content
Recurrent consumer spending ("RCS") is generated from ongoing consumer engagement and includes revenue from virtual currency, add-on content, in-game purchases, and in-game advertising.
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 content was as follows:

Three Months Ended June 30,
20252024
Net revenue recognized:
Recurrent consumer spending$1,256.1 $1,097.7 
Full game and other247.7 240.5 
Total net revenue$1,503.8 $1,338.2 
Platform
Net revenue by platform was as follows:
Three Months Ended June 30,
20252024
Net revenue recognized:
Mobile$801.7 $722.5 
Console550.6 508.9 
PC and other151.5 106.8 
Total net revenue$1,503.8 $1,338.2 
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 June 30,
20252024
Net revenue recognized:
Digital online$1,476.6 $1,295.5 
Physical retail and other27.2 42.7 
Total net revenue$1,503.8 $1,338.2 
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 June 30, 2025 and March 31, 2025 were $1,039.7 and $1,108.9, respectively. For the three months ended June 30, 2025, 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 three months ended June 30, 2025 and 2024, $533.2 and $523.9, respectively, of revenue was recognized that was included in the deferred revenue balance at the beginning of the respective period.
As of June 30, 2025, the aggregate amount of contract revenue allocated to unsatisfied performance obligations is $1,186.1, which includes our deferred revenue balances and amounts to be invoiced and recognized as revenue in future periods. We expect to recognize approximately $1,119.9 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 June 30, 2025 and March 31, 2025, our contract asset balances were $84.2 and $80.8, respectively.
Accounts Receivable sale program
On May 19, 2025, we entered into an arrangement to sell designated pools of high credit quality accounts receivable under an uncommitted accounts receivables purchase facility in an initial aggregate amount of up to $215.0 to an unaffiliated financial institution on a true sale basis. As these accounts receivable are sold without recourse, we do not retain the associated risks of lack of payment due to insolvency of the account debtors following the transfer of such accounts receivable to such financial institution. We will continue to collect cash from our account debtors and remit to the financial institution. We will derecognize the carrying value of the financial assets transferred and recognize a net gain or loss on the sale under Interest and other, net on our Consolidated Statements of Operations. The proceeds from these arrangements will be reflected as cash provided by operating activities in the Consolidated Statement of Cash Flows.

No receivables were sold under this facility during the three months ended June 30, 2025. We may utilize this facility in future periods depending on cash flow needs and market conditions.