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Revenue | 9 Months Ended
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Sep. 30, 2022
Revenue from Contract with Customer [Abstract] |
Revenue | Note 5 — Revenue The following table sets forth the Company’s revenues disaggregated by type for the three and nine months ended September 30, 2022, and 2021, as well as the relative percentage of each revenue type to total revenue.
|  | Three Months Ended September 30, |  |  | Nine months Ended September 30, |
|  | 2022 |  |  | 2021 |  |  | 2022 |  |  | 2021 |
|  | (in thousands, except percentages) |  |  | (in thousands, except percentages) |
Subscriptions – O&O Service |  | $ | 7,890 |  |  |  | 33 | % |  | $ | 5,382 |  |  |  | 29 | % |  | $ | 23,110 |  |  |  | 36 | % |  | $ | 14,053 |  |  |  | 32 | %
Subscriptions – App Services |  |  | 960 |  |  |  | 4 | % |  |  | 1,003 |  |  |  | 5 | % |  |  | 3,018 |  |  |  | 5 | % |  |  | 2,889 |  |  |  | 7 | %
Subscriptions – Total |  |  | 8,850 |  |  |  | 37 | % |  |  | 6,385 |  |  |  | 34 | % |  |  | 26,128 |  |  |  | 41 | % |  |  | 16,942 |  |  |  | 39 | %
License Fees – Affiliates |  |  | 3,752 |  |  |  | 16 | % |  |  | 4,631 |  |  |  | 25 | % |  |  | 13,741 |  |  |  | 22 | % |  |  | 13,713 |  |  |  | 31 | %
License Fees – Content Licensing (1) |  |  | 10,790 |  |  |  | 46 | % |  |  | 6,760 |  |  |  | 36 | % |  |  | 21,692 |  |  |  | 34 | % |  |  | 12,277 |  |  |  | 28 | %
License Fees – Total |  |  | 14,542 |  |  |  | 62 | % |  |  | 11,391 |  |  |  | 61 | % |  |  | 35,433 |  |  |  | 56 | % |  |  | 25,990 |  |  |  | 59 | %
Other – Total (1)(2) |  |  | 177 |  |  |  | 1 | % |  |  | 929 |  |  |  | 5 | % |  |  | 1,983 |  |  |  | 3 | % |  |  | 1,053 |  |  |  | 2 | %
Total Revenues |  | $ | 23,569 |  |  |  |  |  |  | $ | 18,705 |  |  |  |  |  |  | $ | 63,544 |  |  |  |  |  |  | $ | 43,985 |  |  |  |  |
(1) | For the three and nine months ended September 30, 2022, total related party revenue was $2.2 million and $4.3 million, respectively. This consisted of $2.2 million and $2.7 million for the three and nine months ended September 30, 2022, respectively, for content licensed by the Company to the Spiegel Venture included in License Fees – Content Licensing . Total related party revenue also includes $1.6 million for the nine months ended September 30, 2022 for marketing services rendered to Nebula, which is included in Other revenue.
(2) | In addition to (1) above, Other revenue for the three and nine months ended September 30, 2022 includes other marketing services for $0.2 million and $0.4 million, respectively.
Revenues expected to be recognized in the future related to performance obligations that are unsatisfied as of September 30, 2022 are as follows:
|  | Remainder of year ending December 31, |  |  | For the years ending December 31, |  |  |  |  |  |  |
|  | 2022 |  |  | 2023 |  |  | 2024 |  |  | 2025 |  |  | 2026 |  |  | Thereafter |  |  | Total |
|  | (in thousands) |
Remaining Performance Obligations |  | $ | 4,806 |  |  | $ | 8,126 |  |  | $ | 5,004 |  |  | $ | 3,338 |  |  | $ | 26 |  |  | $ | 184 |  |  | $ | 21,484 |
These amounts include only fixed consideration or minimum guarantees and do not include amounts related to (i) contracts with an original expected term of one year or less or (ii) licenses of content that are solely based on sales or usage-based royalties. Contract liabilities (i.e., deferred revenue) consists of subscriber and affiliate license fees billed that have not been recognized, amounts contractually billed or collected for content licensing in advance of the related content being made available to the customer, and unredeemed gift certificates and other prepaid subscriptions that have not been redeemed. Total deferred revenue was $18.7 million and $23.2 million as of September 30, 2022 and December 31, 2021, respectively, with the non-current portion of $0.9 million and $0.8 million as of September 30, 2022 and December 31, 2021, respectively, included in other liabilities on the unaudited consolidated balance sheets. The decrease in deferred revenue is primarily due to revenue recognized during the nine months ended September 30, 2022 related to content licensing amounts that were previously recorded in deferred revenue, partially offset by the growth in annual subscriptions, which require upfront annual payments. Revenues of $4.5 million and $20.6 million were recognized during the three and nine months ended September 30, 2022, respectively, related to the balance of deferred revenue as of December 31, 2021.

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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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