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REVENUE FROM CONTRACTS WITH CUSTOMERS
 3 Months Ended
Mar. 31, 2026
Revenue from Contract with Customer [Abstract]  
REVENUE FROM CONTRACTS WITH CUSTOMERS
NOTE 13—REVENUE FROM CONTRACTS WITH CUSTOMERS
Disaggregation of Revenue
The following table summarizes the Company’s revenue disaggregated by type, and by over time or point in time recognition:
Three Months Ended
March 31,
20262025
Virtual currency (point in time or over time)
$45,248 $50,840 
Advertising (point in time)13,157 11,863 
Other revenue (point in time or over time)5 6 
Total net revenue$58,410 $62,709 

The following table summarizes the Company’s virtual currency revenue disaggregated by platform:
Three Months Ended
March 31,
20262025
Third-party platforms32,845 45,870 
Direct-to-consumer platforms12,403 4,970 
Total virtual currency$45,248 $50,840 
The following table summarizes the Company’s revenue disaggregated by geography:
Three Months Ended
March 31,
20262025
United States$47,793 $53,060 
All other countries10,617 9,649 
Total net revenue$58,410 $62,709 
Contract Balances
Contract assets represent the Company’s ability to bill customers for performance obligations completed under a contract. As of March 31, 2026 and December 31, 2025, there were no contract assets recorded in the Company’s Condensed Consolidated Balance Sheets. The deferred revenue balance related to the purchase of virtual currencies was $0.5 million and $0.4 million as of March 31, 2026 and December 31, 2025, respectively. Trade receivables are described in Note 5—Receivables, net.