v3.25.2
Revenue from Contracts with Customers
6 Months Ended
Jun. 30, 2025
Revenue from Contract with Customer [Abstract]  
Revenue from Contracts with Customers Revenue from Contracts with Customers
Disaggregated revenue
The following tables summarize subscription revenue and advertising revenue by region:
Subscription
Three Months Ended
June 30,
Six Months Ended
June 30,
2025202420252024
United States and Canada (North America)$344,356 $354,887 $727,792 $720,457 
Rest of world8,317 8,049 16,313 16,193 
Total subscription revenues$352,673 $362,936 $744,105 $736,650 
Advertising
Three Months Ended
June 30,
Six Months Ended
June 30,
2025202420252024
United States and Canada (North America)$25,474 $26,028 $48,001 $53,253 
Rest of world377 257 731 501 
Total advertising revenues$25,851 $26,285 $48,732 $53,754 
Contract balances
For the three and six months ended June 30, 2025 and 2024, the Company did not recognize material bad-debt expense and there were no material contract assets recorded on the accompanying condensed consolidated balance sheets as of June 30, 2025 and December 31, 2024.
The Company’s contract liabilities primarily relate to upfront payments and consideration received from customers for subscription services. As of June 30, 2025, and December 31, 2024, the Company’s contract liabilities totaled approximately $80.5 million and $98.4 million, respectively, and are recorded as deferred revenue on the accompanying condensed consolidated balance sheets. The majority of the deferred revenue is expected to be recognized as revenue within the next month. The remaining deferred revenue balance is expected to be recognized as revenue within the next twelve months. Given the nature of the Company's revenue arrangements, substantially all of the contract liability balance at the beginning of the period was recognized during the six months ended June 30, 2025 and 2024, respectively.
Transaction price allocated to remaining performance obligations
The Company does not disclose the transaction price allocated to remaining performance obligations since subscription and advertising contracts have an original expected term of one year or less.