v3.26.1
REVENUE FROM CONTRACTS WITH CUSTOMERS
 6 Months Ended
Jun. 30, 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
June 30,		Six Months Ended
June 30,
2026202520262025
Virtual currency (point in time or over time)
$42,667 $48,208 $87,915 $99,049 
Advertising (point in time)12,316 11,128 25,474 22,991 
Other revenue (point in time or over time)9 2 13 7 
Total net revenue$54,992 $59,338 $113,402 $122,047 
The following table summarizes the Company’s virtual currency revenue disaggregated by platform:
Three Months Ended
June 30,		Six Months Ended
June 30,
2026202520262025
Third-party platforms27,976 41,525 60,821 87,395 
Direct-to-consumer platforms14,691 6,683 27,094 11,654 
Total virtual currency$42,667 $48,208 $87,915 $99,049 
The following table summarizes the Company’s revenue disaggregated by geography:
Three Months Ended
June 30,		Six Months Ended
June 30,
2026202520262025
United States$44,839 $49,936 $92,632 $102,996 
All other countries10,153 9,402 20,770 19,051 
Total net revenue$54,992 $59,338 $113,402 $122,047 
Contract Balances
Contract assets represent the Company’s ability to bill customers for performance obligations completed under a contract. As of June 30, 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 $0.4 million and $0.4 million as of June 30, 2026 and December 31, 2025, respectively. Trade receivables are described in Note 5—Receivables, net.