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REVENUE FROM CONTRACTS WITH CUSTOMERS | 3 Months Ended
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Jun. 30, 2022
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. Over time net revenue includes in-game advertising. Net revenue by timing of recognition was as follows:
|  | Three Months Ended June 30, |  |
|  | 2022 |  | 2021 |  |  |  |
Net revenue recognized: |  |  |  |  |  |  |  |
Over time |  | $ | 807.5 |  |  | $ | 572.3 |  |  |  |  |
Point in time |  | 294.9 |  |  | 241.0 |  |  |  |  |
Total net revenue |  | $ | 1,102.4 |  |  | $ | 813.3 |  |  |  |  |
Content Recurrent consumer spending revenue 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, |  |
|  | 2022 |  | 2021 |  |  |  |
Net revenue recognized: |  |  |  |  |  |  |  |
Recurrent consumer spending |  | $ | 825.6 |  |  | $ | 572.3 |  |  |  |  |
Full game and other |  | 276.8 |  |  | 241.0 |  |  |  |  |
Total net revenue |  | $ | 1,102.4 |  |  | $ | 813.3 |  |  |  |  |
Geography We attribute net revenue to geographic regions based on software product destination. Net revenue by geographic region was as follows:
|  | Three Months Ended June 30, |  |
|  | 2022 |  | 2021 |  |  |  |
Net revenue recognized: |  |  |  |  |  |  |  |
United States |  | $ | 682.9 |  |  | $ | 493.2 |  |  |  |  |
International |  | 419.5 |  |  | 320.1 |  |  |  |  |
Total net revenue |  | $ | 1,102.4 |  |  | $ | 813.3 |  |  |  |  |
Platform Net revenue by platform was as follows:
|  | Three Months Ended June 30, |  |
|  | 2022 |  | 2021 |  |  |  |
Net revenue recognized: |  |  |  |  |  |  |  |
Console |  | $ | 607.2 |  |  | $ | 602.4 |  |  |  |  |
Mobile |  | 369.6 |  |  | 82.3 |  |  |  |  |
PC and other |  | 125.6 |  |  | 128.6 |  |  |  |  |
Total net revenue |  | $ | 1,102.4 |  |  | $ | 813.3 |  |  |  |  |
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, |  |
|  | 2022 |  | 2021 |  |  |  |
Net revenue recognized: |  |  |  |  |  |  |  |
Digital online |  | $ | 1,037.8 |  |  | $ | 740.8 |  |  |  |  |
Physical retail and other |  | 64.6 |  |  | 72.5 |  |  |  |  |
Total net revenue |  | $ | 1,102.4 |  |  | $ | 813.3 |  |  |  |  |
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, 2022 and March 31, 2022 were $1,101.2 and $936.2, respectively. For the three months ended June 30, 2022, the additions to our deferred revenue balance were primarily due to the acquisition of Zynga (Note 1 4 - Acquisition s), which added $333.1 to our deferred revenue balance and 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 three months ended June 30, 2022 and 2021, $439.7 and $463.2, respectively, of revenue was recognized that was included in the deferred revenue balance at the beginning of the respective period. During the three months ended June 30, 2022, $80.3 of revenue was recognized from the deferred revenue balance acquired from the Zynga acquisition. As of June 30, 2022, the aggregate amount of contract revenue allocated to unsatisfied performance obligations is $1,254.4, which includes our deferred revenue balances and amounts to be invoiced and recognized as revenue in future periods. We expect to recognize approximately $1,179.5 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, 2022 and March 31, 2022, our contract asset balances were $101.3 and $104.9, respectively.

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- Definition The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -URI https://asc.fasb.org/topic&trid=49130388 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 10 -URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130551-203045 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 13 -Subparagraph (b)(2) -URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130556-203045 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (b) -URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130554-203045 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 9 -URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130550-203045 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (e) -URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130554-203045 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130554-203045 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (d) -URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130554-203045 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 15 -URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130558-203045 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (c) -URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130554-203045 + Details
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