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Revenue from Contracts with Customers
 3 Months Ended
Mar. 31, 2021
Revenue from Contract with Customer [Abstract]  
Revenue from Contracts with Customers

Note 5 - Revenue from Contracts with Customers

 

Disaggregated revenue

 

The following table presents the Company’s revenues disaggregated into categories based on the nature of such revenues (in thousands):

 

    Three Months Ended March 31,  
    2021     2020  
Subscriptions   $ 107,114     $ -  
Advertisements     12,606       -  
Other     -       7,295  
Total revenue   $ 119,720     $ 7,295  

 

Contract balances

 

For the three months ended March 31, 2021 and 2020, 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 March 31, 2021 and December 31, 2020.

 

The Company’s contract liabilities primarily relate to upfront payments and consideration received from customers for subscription services. As of March 31, 2021 and December 31, 2020, the Company’s contract liabilities totaled approximately $20.2 million and $17.4 million, respectively, and are recorded as deferred revenue on the accompanying condensed consolidated balance sheets.

 

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.